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California Passes Legislation to Expand Mandated Retirement Plans
Headline: California Passes Legislation to Expand Mandated Retirement Plans
Publication: JD Supra
Article Date: August 29, 2022
On August 26, 2022, Governor Newsom signed Senate Bill (SB) 1126, which expands the CalSavers program started in 2016. Read More…
County and Partners Break Ground on Housing Complex for Homeless Seniors
Headline: County and Partners Break Ground on Housing Complex for Homeless Seniors
Publication: County News Center
Article Date: July 25, 2022
The County and its partners broke ground Monday on a new housing complex for seniors who experience homelessness. The 74-unit project in the Nestor area will serve San Diegans age 55 and older who are currently unsheltered or at risk of becoming homeless. Read More…
Many younger baby boomers may outlive their 401(k) savings, new research finds. Here’s why.
Headline: Many younger baby boomers may outlive their 401(k) savings, new research finds. Here’s why.
Publication: CNBC
Article Date: June 19, 2022
A new study finds that retirees spend down their 401(k) savings balances at an alarming speed. Many older Americans could be at risk of emptying their accounts by 85, although half of them will live beyond then. Read More…
Baby Boomers Likely to Underestimate Their Retirement Income Needs
Headline: Baby Boomers Likely to Underestimate Their Retirement Income Needs
Publication: NASDAQ
Article Date: July 6, 2022
According to research from the Center for Retirement Research at Boston College, Boomers are less likely to have a defined benefit plan and will need to tap the assets in their defined contribution plans to support their retirement income needs. Read More…
12 charts show how everyone in America but the rich is getting squeezed right now
Headline: 12 charts show how everyone in America but the rich is getting squeezed right now
Publication: Business Insider
Article Date: June 19, 2022
Americans are stressed out about inflation, which is at a four-decade high. But rising prices are not affecting every American equally. Read More…