Views of the Pandemic Differ Among Retirees, Pre-Retirees | American Society of Pension Professionals & Actuaries
A survey by the Society of Actuaries Research Institute found retirees and pre-retirees have different views of how the COVID-19 pandemic has affected their finances and retirement security. Workers aged 45+ who were not yet retired were more likely than retirees to say the pandemic negatively affected their finances. Those workers were also more likely to say they plan to make changes as a result of the pandemic.
Coloradans affected by the Marshall Fire in Boulder County will have extra time to complete their taxes this year — the IRS is extending the deadline for those taxpayers to May 16. The extension for filing tax returns and making tax payments applies to individuals and businesses.
The Securing a Strong Retirement Act of 2021, sometimes referred to as the Secure Act 2.0, began making its way through Congress last spring but has since stalled while lawmakers tackled other priorities. Experts say the legislation, which includes proposals like increasing the age at which retirees must start taking required minimum distributions and increasing catch-up contribution limits, has a good chance of passing this year.
The start of a new year is a great time to start thinking about finances in the months ahead. Budgeting is especially important when you’re retired and living on a fixed income. Here are some tips for setting a budget for retirement.
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