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Retirement Is One Of Life’s Major Transitions—Maintaining Cognitive Health Can Make It Easier
Headline: Retirement Is One Of Life’s Major Transitions—Maintaining Cognitive Health Can Make It Easier
Publication: Forbes
Article Date: June 29, 2022
Research shows a connection between the early stages of retirement and cognitive decline, and numerous studies indicate that retirement can exacerbate a slew of mental health challenges, including anxiety and depression. However, creative hobbies and other stimulating activities can accomplish the opposite effect, reducing risk of dementia as they help keep the mind sharp. Read More…
401(k) savers will see a ‘wake-up call’ in their next statement, says law professor. Here’s what to look for
Headline: 401(k) savers will see a ‘wake-up call’ in their next statement, says law professor. Here’s what to look for
Publication: CNBC
Article Date: June 16, 2022
401(k) statements give information on investments, total savings, and will soon include “lifetime income illustrations,” which estimate the monthly retirement income generated by a lump sum of money. This helps reframe how people think about 401(k) savings. Read More…
Retirement Savings Tax Breaks Disproportionately Benefit Wealthy
Headline: Retirement Savings Tax Breaks Disproportionately Benefit Wealthy
Publication: 401kSpecialist
Article Date: May 26, 2022
New research from National Institute on Retirement Security finds prioritizing policies to help middle class families can help address the nation’s retirement savings shortfall. Read More…
Medicare Surprise: Drug Plan Prices Touted During Open Enrollment Can Rise Within a Month
Headline: Medicare Surprise: Drug Plan Prices Touted During Open Enrollment Can Rise Within a Month
Publication: KHN
Article Date: May 3, 2022
As early as three weeks after Medicare’s drug plan enrollment period ends on Dec. 7, insurance plans can change what they charge members for drugs — and they can do it repeatedly. Read More…
Inflation is taking a big bite from retirees’ pension income
Headline: Inflation is taking a big bite from retirees’ pension income
Publication: CNBC
Article Date: April 20, 2022
Inflation is taking a substantial bite from the income retirees get from pensions. Many pensions periodically increase recipients’ payment amounts by offering a cost-of-living adjustment. But those raises are small relative to the 8.5% annual inflation rate in March. Read More…