As this headline states clearly, there’s an increase in workplace exoduses nationwide—both for other jobs, and also for good. The percentage of retired Americans jumped a full percentage point during the pandemic, from 18.5% to 19.5%. In 2020, 5,857 PERA members retired, up about 10% from 2019, when there were 5,335 service retirements.
Colorado state government, major employers like Walmart look to lower health insurance costs | Denver Post (possible paywall)
The Colorado Purchasing Alliance is a group of organizations looking to address the rising cost of health care. Next year, some employers will be banding together to negotiate pricing directly with hospitals and other providers. Walmart, Comcast, and the State of Colorado are among the employers in this initiative. (Colorado PERA is member of the Colorado Purchasing Alliance but is not participating in the group purchasing initiative yet.)
Getting older is getting easier. In the past decade, older populations have seen improvements in physical functioning, vision, hearing, and even lower rates of dementia. Fewer live in nursing homes or assisted living settings. Those who do don’t need as much help. But those are just averages. On the whole, women are the driving force behind these statistical changes while men lag behind. Also, Black and Hispanic Americans haven’t experienced these improvements to the degree that other groups have.
How to Harness Your HSA’s Superpowers | Nerdwallet
If you have a high deductible health plan (HDHP), you might know that you have access to a health savings account (HSA). At first glance this might seem indistinguishable from a flexible spending account (FSA). But there are some key differences, which might affect your retirement. For example, whereas FSAs require you to spend most of your account balance each year (use it or lose it), you can accumulate tax-free savings in your HSA over the course of many years.
News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.