Retirement

Workers protest (Photo by VALERIE MACON / AFP) (Photo by VALERIE MACON/AFP via Getty Images) AFP via Getty Images As the nation the moves into an uncertain and wobbly relationship with the Covid-19 virus, it would be both just and smart to pay more to essential workers for risking their lives in the field. Hazard

Getty Many people relate to 401(k) and 403(b) plans, which feature optional employer matching contributions. (There are other plan types such as the SIMPLE plan, which offers an employer match, which we are leaving out of this article.) Some employees say that if the company does not match their contribution, they simply won’t save. But

©hd3dsh – stock.adobe.com Personalizing your response to 2020’s Bear Markets, Recession, Pandemic and the rest of the hurdles to building and protecting wealth It’s just another lazy summer in the midst of a boring, nondescript year. Oh, wait, that was last year’s message at this time. 2020 has been a time of great adjustment for

Getty Everyone’s talking about a “second stimulus,” it seems, these days. Here’s CBS News: “there are signs the White House may get behind additional stimulus funding, with the Wall Street Journal reporting that the administration is working on its own plan. During a press conference last week to discuss unemployment, President Donald Trump said his

Do you believe Donald Trump is a “prudent man” capable of rationally, intelligently managing your … [+] pension, your 401k and your health care? Like it or not, he’s making unprecedented decisions that undermine the financial security and health of Americans. Getty Regardless of whether you love or hate him, do you believe Donald Trump

By Sherri Snelling, Next Avenue Contributor Getty When Harvard Business School published its 2019 Caring Companies report, finding that 3 out of 4 employees are also caregivers, the researchers couldn’t have predicted that the workplace caregiving crisis was about to collide with the coronavirus crisis. Nor that the combination would accelerate a sea change in

By Sarah McKinney Gibson, Next Avenue Contributor John Frick and students Courtesy of John Frick While the pandemic has put in-person mentoring on indefinite hold, a growing number of older adults are finding virtual ways to make and broaden meaningful intergenerational connections. Here are five of their stories: Ervan Caesar: Mentoring Teens in the Youth

Getty The Department of Labor announced on June 3rd that retail 401(k)s and other defined contribution plans would now be able to invest in private equity funds as a part of a diversified asset allocation fund, such as a target-date fund. The ruling allows for the plan fiduciary to allocate assets to a  private equity

TOPLINE The market opened lower on Friday, with stocks taking a hit from the Federal Reserve’s latest bank stress test results and a new record number of daily coronavirus cases in the United States. Wall Street remains worried about a spike in new cases across the country. Spencer Platt/Getty Images KEY FACTS The Dow Jones

Deferred variable annuities with income guarantee riders have gained popularity as a retirement income tool providing behavioral solutions for the annuity puzzle. Retirees are not always comfortable seeing the premiums disappear from their portfolio balances when buying income annuities that convert a lump-sum premium into a protected lifetime income. Many features of a variable annuity

TOPLINE The stock market took a hit from disappointing unemployment data and a rising number of coronavirus cases Thursday morning, but rebounded after U.S. regulators said they would ease post-financial crisis restrictions on big banks. Several states are seeing record numbers of new coronavirus cases. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average

WASHINGTON, DC – MARCH 27: U.S. President Donald Trump speaks during a bill signing ceremony for … [+] H.R. 748, the CARES Act in the Oval Office of the White House on March 27, 2020 in Washington, DC. Earlier on Friday, the U.S. House of Representatives approved the $2 trillion stimulus bill that lawmakers hope

By Richard Eisenberg, Next Avenue Editor Marny Xiong, Michael Halkias and Yves-Emmanuel Segui Amee Xiong, Todd Heisler, Segui family/The New York TimesMarny Xiong, Michael Halkias and Yves-Emmanuel Segui You can learn in The New York Times how many humans have died from the coronavirus from its Tracking the Coronavirus graphic (472,125 as of June 23,

TOPLINE The stock market plunged on Wednesday as Wall Street grew increasingly concerned about a spike in new coronavirus cases impeding an economic recovery. Several states are seeing record numbers of new coronavirus cases. Tayfun Coskun/Anadolu Agency via Getty Images KEY FACTS The Dow Jones Industrial Average closed down 2.7%, over 700 points, on Wednesday,

IRS’s 2020 RMD ruling favors those who took distributions in January and want to return those IRA … [+] funds. Getty Last April, in “Why the 2020 RMD Suspension is Not Fair to All,” I recounted the story of an early bird “RMD-er.” Ronald took his 2020 required minimum distribution (RMD) in January, as he has

TOPLINE Analysts from Morgan Stanley on Tuesday warned that Tesla stock, at over $1,000 per share, is grossly overvalued and set to plunge, with too many investors ignoring the risks of running a car company and instead treating Tesla like a high-growth tech company. It may be time to sell Tesla as shares edge towards

It is worth mentioning a few other annuities that could play a role in a retirement income plan, before digging into the discussion of deferred variable and fixed index annuities. Deferred Fixed Annuities Deferred fixed annuities (DFAs), or multiyear guaranteed annuities (MYGAs) may be used as an accumulation tool in the years leading up to

Getty The IRS expanded the number of taxpayers who qualify to tap into their retirement plans using the generous provisions of the CARES Act. The IRS also answered questions about details of distributions and loans under the CARES Act that have been asked by employers, employees, and plan administrators. The Coronavirus Aid, Relief, and Economic

TOPLINE Asked whether the government will send Americans another stimulus check in an interview Monday with Scripps Washington correspondent Joe St. George, President Trump said, “Yeah, we are,” and indicated that another bipartisan stimulus bill is on the way, but did not elaborate further on the possibility of another round of direct payments to Americans. 

Getty Much has already been written about the Flexibility Act, SBA Interim Rule changes, and EZ Forgiveness Application and instructions with respect to the Payroll Protection Act, all of which have been enacted and published since June 5th.   While the updated Interim Rules are still far from clear or thorough, the limitations and procedures explained