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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 »

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 …

2021 Retirement Plan Year-End Amendments and Operational Compliance | Groom Law Group, Chartered Read More »

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 …

‘I use credit cards for everything’: I’m 36, earn $62K and have $290K in retirement savings. My wife is a stay-at-home mom. Are we doing OK? Read More »

30 years to this day, Magic Johnson shocked the entire world when he held a press conference to retire from the NBA. He was at the pinnacle of his career, 31 years old, just coming off a season where he averaged 19.4 points, 12 assists, and 7 rebounds. Johnson was known for flashing his million-dollar …

Lakers: Magic Johnson Reminisces on the 30th Anniversary of His Retirement – All Lakers Read More »

Dan Pearson watches as Russ Cockman makes a shot in the men’s doubles division in Arbor Acres’ annual croquet tournament. John Dial lines up a shot during a doubles match in the Arbor Acres croquet tournament. …

Croquet stirs the competitive juices at retirement community | Local News Read More »

Greg Chona If you own a home, chances are your net worth has shot up in the last year. According to a new report, skyrocketing home prices caused by a pandemic-fueled real estate frenzy have led to a scenario where homeowners in the U.S. are sitting on a record $22.7 trillion worth of home equity, …

Commentary: Should you consider your home a retirement asset? | Business Columnists Read More »

“You need to get a clear picture of your goals in retirement and put a price tag on them,” Kinsey continues. If it’s travel, that needs to be projected. If it’s a continuing of routine expenses, such as replacing a vehicle every so often, that needs to be accounted for. And don’t forget to figure …

10 things to know about your finances before retirement Read More »