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Retirement Roundup: There’s More to Retirement Than Money

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8 things that matter more than money for a happy retirement  | U.S. News & World Report
If you are facing retirement with less money than you would prefer, don’t despair. There’s a lot more to enjoying a happy retirement than simply saving enough money. True wealth and happiness come from many sources.

The monk who left the monastery to fix broken retirement plans | The New York Times
After decades as a committed seeker, Doug Lynam has found his calling. He wants to help schools build better retirement savings plans so their teachers can leave the classroom at a time of their choosing with dignity and grace. Having worked alongside other teachers during his time at a monastery, he found that 403(b) plans – like 401(k) s for nonprofits and educational institutions – might offer poor investment choices, high fees and abusive annuities. He now works to provide a better option.

Your money: Creative caregiving solutions for the ‘sandwich generation’ | Reuters
Stretched thin by the needs of their children and elderly parents, some in the “sandwich generation” have found a possible solution: Move young adults in with their grandparents and let them take care of each other.

Here are all the financial reforms that will disappear with Dodd-Frank | Forbes
On June 8, the U.S. House of Representatives passed the Financial CHOICE Act, a reform effort aimed at rolling back the 2010 Dodd-Frank Act, enacted under President Barack Obama. Dodd Frank was a re-write of U.S. financial laws in the wake of the financial crisis, which altered everything from the trading of stocks and bonds to the way in which large banks are regulated. President Trump, however, believes regulations are slowing the U.S. economy.

How much long-term care do adult children provide? | Center for Retirement Research at Boston College
As people age and their health deteriorates, the cost concerns, along with personal preferences, lead many to rely on informal care from their adult children rather than formal long-term care services. Research from the Center for Retirement Research found that at any given point, 6 percent of adult children serve as caregivers, and 17 percent will take on this role at some point in their lives – something that can take a toll on both the finances and health of the caregiver.

A new rule on retirement savings advice is in your best interest | The Washington Post
After a long battle, which still may not be over, investors are about to get some major help in determining which financial advisers are working in their best interest. The fiduciary rule that went into effect on June 9 will give retirement savers some common-sense protection that should bring to light conflicts of interest that could cost them dearly.

FiduciaryA person who manages money on someone else’s behalf and who has a sworn responsibility to manage those funds in the best interest of the client.

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