Retirement insights from a Colorado PERA perspective

News You Should Know

News You Should Know: Colorado Tax Rebates Increase to $750 Per Filer

A winter sunset view of Colorado State Capitol Building in Downtown Denver.
A winter sunset view of Colorado State Capitol Building in Downtown Denver.

Colorado Taxpayers Could Get More in TABOR Refunds, Forecasts Say | Denver7

State economists say tax rebate checks going out to every Colorado taxpayer this year will be higher than expected — $750 for single filers and $1,500 for joint filers. The increase is due to new forecasts that showed roughly $1 billion in additional state revenue.

Cooking With Gas: Senate Finance Committee Rolls Out Massive SECURE 2.0 Counterpart | National Association of Plan Advisors

The Senate Finance Committee introduced new legislation, dubbed the Enhancing American Retirement Now (EARN) Act, as a counterpart to the House’s SECURE Act 2.0. The bill includes a large number of provisions, including improving access to 401(k) plans, increasing catch-up contributions and increasing the age for starting required minimum distributions (RMDs).

401(k) Savers Will See a ‘Wake-Up Call’ in Their Next Statement, Says Law Professor. Here’s What to Look For | CNBC

Beginning this summer, administrators of 401(k) plans will be required to include “lifetime income illustrations” in account statements in addition to account balances. The illustrations will provide estimates of how much retirement income account holders can expect if they purchase an annuity with their balance.

3 Financial Planning Moves to Make When You Turn 50 | Forbes

Turning 50 can sometimes bring a moment of recognition that retirement is coming up, and it’s time to get serious about planning. Here are some tips from a retirement planner on the important steps to take when getting things in order.

News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.

AnnuityA type of financial contract in which a person pays a lump sum or a series of payments in exchange for a guaranteed stream of income for the rest of their life.

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