A digest of news from publications around the nation about finance, investing, and retirement.
In addition to important financial questions to discuss with your partner, this pre-retirement checklist has valuable conversation starters that address the emotional and psychological changes that come with retirement. Among them: How much “togetherness” do you want with your partner?
The Center for Retirement Research at Boston College keeps track of various changes to Social Security proposed by presidential candidates. Of possible interest to PERA On The Issues readers, the list says that Sen. Elizabeth Warren and former Vice President Joe Biden “would eliminate the Windfall Elimination Provision and Government Pension Offset.”
Health costs continue to be of concern to many, and costs keep going up. A study conducted by the state’s Department of Health Care Policy and Financing says savings can be found at hospitals. The report says hospitals are shifting costs onto privately insured patients while still collecting billions in profit. Hospitals say shifting costs to privately insured patients is an unavoidable result of public insurance programs that reimburse hospitals at low rates.
A drop in funding for a new program often is bad news to program supporters and can indicate a loss of political support. But the reporter in this story says the drop in funding for Colorado’s nascent reinsurance program is a “happy surprise.” Federal funding for the program came in above estimates, so the price tag for Colorado has gone down.
One common hobby in retirement? Going back to work. While some go back to work for the money, this story highlights those who choose to clock in in order to give back, find meaning, and make a difference.