Tuesday, November 9, 2021 Last month, New York Governor Kathy Hochul signed a new law requiring private employers that meet certain criteria to automatically enroll their employees in the State’s Secure Choice Savings Program (the “Program”), a retirement plan overseen by the State for private sector and nonprofit employees similar to an IRA. Previously, the …
NY Employer Update on Employee Retirement Enrollment Read More »
Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions about whether you can be eligible for later spousal benefits if you take early retirement benefits, working while receiving disability benefits and whether a parent’s widow’s benefit is set at the correct amount. Larry Kotlikoff is a Professor of Economics at Boston University …
Can I Take Social Security Retirement Benefits At 62 And Spousal Benefits Later? Read More »
CLEVELAND, Ohio – While many deal with the “great resignation,” a new study says older workers are actually putting off retirement and staying in their jobs. The survey, conducted by the Nationwide Retirement Institute, says the wave of people quitting recently doesn’t necessarily apply to employees 45 and older. One in four people over 45 …
Survey says older employees now putting off retirement during ‘great resignation’ Read More »
FRUIT COVE, Fla. — Fire crews in St. Johns County battled flames at a retirement home overnight. Jacksonville Fire Rescue Department crews were called to provide mutual aid to St. Johns County Fire Rescue at Westminster Woods on Julington Creek in Fruit Cove sometime before 3 a.m. First Coast News is working to learn what …
The open enrollment period for Connecticut retired teachers who access their health insurance benefits through the Teachers’ Retirement Board (TRB) began on October 18. For the 2022 calendar year, the TRB has chosen UnitedHealthcare as the sole provider for the two insurance options being offered to retirees: the UnitedHealthcare Advantage Plan and the Senior Supplement …
Retired teachers, do your homework when choosing a health insurance plan Read More »
Mellett opened his U-Save franchise in Glenside, Pa. in 1988. With 33 years in the neighborhood, Mellett was known as a staple in the community and involved in various charities and causes. Photo courtesy Glenside. On October 1, 2021 and after 33 years in business, Tom Mellett, owner of U-Save of Glenside, announced his …
Tom Mellett, Owner of U-Save of Glenside Announces Retirement – Rental Operations Read More »
ORLANDO, Fla. — Three-time Paralympic wheelchair tennis champion medalist Nick Taylor has announced his retirement. Taylor, an American who turns 42 this week, won 11 Grand Slam doubles titles with David Wagner _ seven at the U.S. Open and four at the Australian Open. At the Paralympic Games, they won gold medals in 2004, 2008 …
As we approach the end of 2021, it’s again time for sponsors of 401(a) and 403(b) plans to review their plan documents and plan operations to ensure compliance with increasingly complex qualification requirements. While there is no one-size-fits-all checklist, the following provides an overview of these requirements to help plan sponsors (1) determine the need …
In the first of several Retirement Daily Learning Center webinars about Social Security, Martha Shedden, CRPC, RSSA, co-founder and president of The National Association of Registered Social Security Analysts, explores the following topics: full retirement age; qualifying for Social Security; calculating retirement benefits; average indexed monthly earnings; primary insurance amount; reductions and credits; life expectancy; …
Retirement Daily Learning Center: Social Security Primer Read More »
I’m 36 years old. I have about $53,000 in a money-market savings account. I keep anywhere from $1,000 to $2,500 in a checking account. I have about $290,000 in my retirement. I have a wife who has had no job for four-plus years. We both agreed that she would raise our 4-year-old as a stay-at-home …