From MarketWatch Retirement:
What you need to know now about Secure 2.0. The new legislation passed last year was designed, in part, to beef up retirement savings and contains nearly 100 provisions pertaining to retirement, such as delaying the Required Minimum Distribution age.
BlackRock CEO Larry Fink sees retirement as ‘silent crisis’ facing global economy. BlackRock’s Fink said successful long-term investing requires ‘trust in the financial system and a fundamental belief that tomorrow will be better than today’
Would you believe that health insurance is getting cheaper? That’s what the Labor Department says. The government’s health insurance premium “index” fell that 4.1%, a department analyst explained. The index is what they use to calculate the overall rate of consumer inflation.
Also on MarketWatch:
Baby boomers, now outnumbered by millennials, see a shift in generational power
Is your retirement money safe? Here are the rules.
Looking for a place for your cash? Grab these 5% CDs while you still can.
Young women can master retirement planning in 3 simple steps
‘We’re grossly underprepared.’ Have tough talks and plan now for future eldercare needs.
‘I thought my business was done’: How the SVB collapse impacted one small business CEO and how he will manage cash in the future
More in retirement news:
Why this could be the ‘best time’ to contribute to a retirement plan, according to an adviser (CNBC)
Hate paying taxes? Do this right now to reduce them in retirement. (USA Today)
A new surprise for U.S. savers: Turn 529s into retirement money (Reuters)
This individual retirement account option ‘surprises people the most,’ says adviser (CNBC)
4 No-Brainer Retirement Savings Hacks That You’ll Thank Yourself For Later (Motley Fool)
Research and Insight:
An 85-year Harvard study on happiness found the No. 1 retirement challenge that ‘no one talks about’ (CNBC)
Companies offer immediate eligibility for retirement deferrals to attract workers (PlanSponsor)
Retirement savings average higher than median (FedWeek)
Gender Pay Gap Affects Women’s Retirement Savings (401kSpecialist)
15 Biggest Retirement Mistakes You Will Regret Forever (Leak HeraldFinance)
To share with your family, friends and clients:
I’ll be 60, have $95,000 in cash and no debts—I think I can retire, but financial seminars ‘say otherwise’
At 67, a retiree realizes his dream of becoming a firefighter
This type of annuity is ‘flying off the shelves.’ Here are 5 important things to know before you buy one.
Older mortgage applicants face higher rates
Can ChatGPT help you plan your retirement? Yes—and no.
I’m 36 with $435,000 and want to retire early—‘the earlier the better’—but without a frugal lifestyle