By Lisa Gerstner From Kiplinger’s Personal Finance Andrew Hartnett, deputy commissioner of the Iowa Insurance Division and president of the North American Securities Administrators Association (NASAA), explains how to best protect vulnerable seniors. Question: Protecting seniors from fraud and exploitation is part of NASAA’s mission. What types of scams are targeting seniors lately? Answer: States…
Regulators Focus on Frauds Targeting Seniors
April 5, 2023
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Social Security Rules for Federal Government Employees
I’ve commented before how surprised I am that a high percentage of emails I get come from the relatively small group of people in this country who don’t even pay into Social Security. Most of those questions come from retired or soon-to-be retired educators in those states where teachers have a separate retirement system other…
Social Security Rumors Don’t Pass the “Look, Sound, and Quack Test!”
I’m sure you’ve heard that old saying that goes something like this: “If it looks like a duck, walks like a duck and quacks like a duck—it’s a duck!” Well, I offer you another version of that old chestnut. And it goes like this: “If it looks like a crazy Social Security rumor, sounds like…
Should You Tap Your 401(k) When Urgent Financial Needs Arise?
March 29, 2023
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Shortly after COVID-19 started and many people lost their jobs, the government permitted penalty-free 401(k) withdrawals for people short on cash. There was a limit to the withdrawal of $100,000, which had to be paid back within three years—if it was to remain penalty-free. Many people took advantage of the opportunity, but hindsight asks whether…
Honey, Biden Just Shrunk Our Pension
Commentary President Joe Biden recently issued his first veto since taking office on Jan. 20, 2021. Biden rejected a bipartisan bill that would have required investment fund managers to take politics out of their investment decisions and to stay focused on providing the best return to their clients as much as possible. Why should you…
Closing the Retirement Income Gap
By Sandra Block From Kiplinger’s Personal Finance By the time you reach your 50s, you should start to get a handle on how much you’ll have in savings when you retire, and whether the money will last as long as you do. Most financial planners say you should plan on replacing 75 percent to 80…
Most People Can’t Get the Maximum Benefit
If you read a recent USA Today article, you would have seen a story with this intriguing headline: “3 steps to claiming the $4,555 max monthly Social Security benefit.” And if you are pushing retirement age, you would of course want to read that story and get yourself locked into a heaping serving from the…
Investing for Longevity
March 21, 2023
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By Sandra Block From Kiplinger’s Personal Finance As you approach retirement, you may be tempted to shift most of your savings to more-conservative assets. That temptation may be particularly strong in today’s volatile market. But this strategy could increase the risk that you’ll outlive your money. If you retire in your early sixties, you may…
Job Plus a Side Gig? Avoid These Mistakes
March 17, 2023
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At the beginning of the year, many people have their eyes set on goals. Some of these goals may include increasing your income, starting a dream business, or both if you’re reaching for the stars. Before you get your hands dirty in the sometimes chaotic combination of formal employment and entrepreneurship, here are a few…
Protests Erupt Across France After Government Forces Through Pension Reform, Raising Retirement Age
Protests erupted across France on March 17 after French President Emmanuel Macron’s government invoked a special constitutional power allowing him to push through controversial pension reforms that raise the retirement age from 62 to 64. Thousands of people gathered in the capital Paris after French Prime Minister Elisabeth Borne announced the use of Article 49.3—which allows the government to…
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