Two bills at the federal level could tweak a number of retirement-related laws, including changes that simplify plan administration and communication, raising the required minimum distribution age, and raising catch-up contribution limits. Onlookers say the lack of controversial issues in the bills mean that each has a good chance of passing.
Rates on Colorado’s insurance exchange in 2022 will likely look a lot like they do in 2021, according to Gov. Polis. One reason cited for the price stability: the state’s reinsurance program. The program, which began in 2019, reduces the impact that high-cost patients have on the entire insured population. While prices will remain relatively stable across the state, some regions, including Western counties, will see higher costs.
Proposed legislation aims to make long-term care insurance more affordable | McKnight’s Senior Living
The cost of long-term care can quickly eat through retiree savings. A new law introduced in the U.S. Senate would allow people to pay for long-term care insurance, which helps cover some of these costs, using money in retirement accounts. This allowance would have a $2,500 annual cap.
7 Money Lies We Tell Ourselves | Kiplinger
Money is emotional. This can make it a tough topic to talk about with a partner, parents, or friends. But don’t forget another person for whom talks about money can get tricky: you. Humans are great at avoiding hard truths about money. Read more about these seven common pitfalls.
News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.