Market fluctuations make some Minnesotans concerned about their 401(k) retirement savings.
Market Outlook and Retirement Concerns “It’s going to feel like a roller coaster,” Royal noted, adding that this year’s market reflects last year’s trends. This unpredictable atmosphere might challenge those planning their 401(k)s or depending on them for retirement income. Louen Sexton, 63, from Mendota Heights, retired from St. Thomas University in January and is […]
Groups claim that the House GOP’s law enforcement exemption from retirement cuts is misleading.
Concerns Over Retirement Changes for Federal Employees Two employee organizations have expressed that mandatory early retirement ages are necessary for law enforcement and federal workers. Recently, House Republicans on the Oversight and Reform Committee advanced part of the Budget Adjustment Act, which aims to cut tax benefits for the wealthy while increasing immigration enforcement. This […]
Retirement age for Social Security increases to 67 in 2025: Important information for Americans born in 1960 about complete benefits
Social Security Retirement Age Changes for 2025 As many Americans near retirement age, there’s an important number to keep in mind: 67. Starting in 2025, the Full Retirement Age (FRA) for those born in 1960 will shift to 67, marking a notable change, as reported by Newsweek. This adjustment is the culmination of gradual increases […]
NALC joins Capitol Hill discussion on reconciliation measures impacting letter carrier retirement benefits
May 14, 2025 NALC Engages in Capitol Hill Roundtable about Retirement Benefits for Postal Workers Today, Brian L. Renfroe, president of the National Association of Letter Carriers (NALC), participated in a roundtable discussion on Capitol Hill. The focus was on budget proposals that could affect retirement benefits for federal and postal employees. “Our members serve […]
Changes to the Social Security retirement age: This is when you will begin to receive full stimulus checks.
The age at which you can receive full Social Security is increasing, affecting many nearing retirement. This year marks a notable change in the age for receiving full Social Security benefits, particularly for those born in 1959. Unfortunately, they now have to delay their access to these benefits for a few more years. With the […]
Matt Carpenter, who played for the Cardinals and Yankees, announces his retirement after 14 seasons in Major League Baseball.
Matt Carpenter Announces Retirement After 14 Seasons Matt Carpenter has decided to retire after 14 years in Major League Baseball. The three-time All-Star, who dedicated 12 seasons to the St. Louis Cardinals, shared his retirement news during a podcast episode of Sports Spectrum’s “Get in the Game” with former teammate Scott Linebrink. Notably, the infielder […]
401(k) leader to permit investments in private markets within its retirement accounts
More individuals saving for retirement are showing interest in incorporating private market investments into their portfolios. Empower, a major player in the 401(k) sector, will start permitting investments in individual credit, stocks, and real estate for some managed accounts later this year. The company announced a partnership with seven firms, including Apollo Global Management and […]
OPM aims to complete the digitization of federal retirement processing in three weeks.
The agency has a challenging timeline ahead as it transitions to a paperless federal retirement system. The Human Resources Administration is finalizing its modernization project, which has been ongoing for several years. In guidance issued last week, OPM announced its goal to fully digitalize retirement services for all newly retired federal employees within a month. […]
Many New Yorkers are getting older. However, almost 60% lack any retirement income.
Rising Elderly Poverty in New York City New York City is facing a significant increase in its population of residents aged 65 and older, many of whom are living without retirement income. This issue has grown increasingly concerning, with many seniors actively working toward their goals, often out of necessity. A recent report from a […]
Tyler Shough responds to unexpected opportunity with the Saints following Derek Carr’s retirement.
Derek Kerr’s unexpected retirement is likely to speed up the journeys of Saints and Tyler Schaff. The rookie draft pick is now in a competitive race for the starting quarterback position in New Orleans, alongside Spencer Rattler and Jake Haener. At 34 years old, Kerr announced his retirement on Saturday, citing an injured right shoulder. […]