Month: March 2021

Dear Abby: Looming retirement has sister worried about financial help for her disabled brother

DEAR ABBY: I’m a 65-year-old woman with a younger brother who is 63 and physically, mentally and emotionally disabled. He’s deaf, reads at a fourth-grade level and can do math only at a second-grade level. He has paranoia, and because of that, he can’t work with other people. He receives disability payments, but they are …

Dear Abby: Looming retirement has sister worried about financial help for her disabled brother Read More »

Financially Speaking: Costly retirement plan mistakes | Local News

With the migration from company sponsored Defined Benefit Plans to Defined Contribution Plans such as a 401(k), 403(b) or Deferred Compensation (457), it is critical to choose the correct plan, allocate your assets according to your objectives and designate the appropriate beneficiary(ies). Having been in business for over 25 years we have been witness to …

Financially Speaking: Costly retirement plan mistakes | Local News Read More »

Third stimulus check: What older adults and retired people should know

Will you get a third stimulus check? At least one rule change could affect older adults and retirees. Sarah Tew/CNET The IRS is now sending out the third stimulus check for up to $1,400 per person to qualified individuals and families. (Here’s how to track your payment). If you’re age 65 or older, receive Social Security benefits or …

Third stimulus check: What older adults and retired people should know Read More »

Financially Speaking: Costly retirement plan mistakes | Local News

With the migration from company sponsored Defined Benefit Plans to Defined Contribution Plans such as a 401(k), 403(b) or Deferred Compensation (457), it is critical to choose the correct plan, allocate your assets according to your objectives and designate the appropriate beneficiary(ies). Having been in business for over 25 years we have been witness to …

Financially Speaking: Costly retirement plan mistakes | Local News Read More »

Baillie Gifford Partner James Anderson Will Retire in 2022

James Anderson, who helped lead Baillie Gifford’s investments in Tesla, Alibaba, Moderna, and other public and private companies, will step down in April 2022. Patrick T. Fallon/Bloomberg Text size James Anderson, a longtime partner of Baillie Gifford and a member of the Barron’s Roundtable, will retire from the Edinburgh-based investment firm on April 30, 2022. …

Baillie Gifford Partner James Anderson Will Retire in 2022 Read More »

Beyond pension debts, Illinois owes $73.7 billion in public-employee retirement benefits | Illinois

(The Center Square) – Net liabilities in Illinois for so-called other post-employment benefits (OPEBs), which consist mainly of health care obligations to retired public employees, stood at about $73.7 billion in fiscal-year 2019, according to a new analysis from the Reason Foundation. With a population of 12,671,821, the state posted a per-capita OPEB liability of $5,814, …

Beyond pension debts, Illinois owes $73.7 billion in public-employee retirement benefits | Illinois Read More »