It’s difficult to reach a destination unless you know where you’re heading. Yet only 51% of workers or their spouses have tried to estimate the savings they would need to live comfortably in retirement.1 To get a start on establishing... Read more
Your most valuable asset may be your ability to earn an income. Over the course of your lifetime, you could earn several million dollars — money that helps support you and your family. If something happened to you, how would... Read more
More than seven out of 10 current workers in a recent survey said they expect a paycheck to play a role in their income strategy beyond traditional retirement age. In fact, 33% expect to retire at age 70 or older,... Read more
The SECURE 2.0 Act, passed in December 2022, made wide-ranging changes to U.S. tax laws related to retirement savings. While some provisions were effective in 2023, others did not take effect until 2024. Here is an overview of some important... Read more
Despite high interest rates and unsettling geopolitical conflict, the U.S. economy outperformed the expectations of most economists in 2023.1 Inflation-adjusted gross domestic product (Real GDP) accelerated to an annualized rate of 5.2% in the third quarter, after growing 2.1% in... Read more
The SECURE 2.0 Act, passed in late 2022, included numerous provisions affecting retirement savings plans, including some that impact required minimum distributions (RMDs). Here is a summary of several important changes, as well as a quick primer on how to... Read more
It’s no surprise that consumers are contacted by debt collectors about medical bills more than any other type of debt.1 After all, the complex world of medical billing and collection practices is extremely difficult to navigate. Many people have trouble... Read more
Economists and investors pay attention to the Institute for Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) not only for information about the health of U.S. factories but also for clues about demand in the national economy. A reading below... Read more
In March 2023, the Environmental Protection Agency (EPA) proposed the first federal limits for six types of per- and polyfluoroalkyl substances, or PFAS, in public drinking water. PFAS are often called “forever” chemicals because they remain in the environment for... Read more
The Inflation Reduction Act of 2022 included provisions intended to lower prescription drug costs for Medicare enrollees and slow drug spending by the federal government. According to an estimate by the Congressional Budget Office, the law’s drug pricing reforms could... Read more
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