What You Should Know About the Debt Ceiling Debate
Jun 1, 2023 2:45:00 PM
written by
The Retirement Group
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posted in Financial Planning, 2023, Debt, Debt Ceiling
SECURE 2.0 Offers New Options for 529 Plans and Student Loan Payments
Jun 1, 2023 12:30:00 PM
written by
The Retirement Group
The first provision allows for tax- and penalty-free rollovers from a 529 plan to a Roth IRA. The second provision allows student loan payments made by employees to qualify for employer retirement matching contributions. The overall goal is to help young adults start saving for retirement.
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posted in Financial Planning, Student Loans, 2023, SECURE Act, 529 Plans
Market Month: May 2023
Jun 1, 2023 11:23:43 AM
written by
The Retirement Group
The Markets (as of market close May 31, 2023)
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posted in Financial Planning, Lump Sum, Pension, Market
New Clean Vehicle Tax Credit Guidance Issued
May 22, 2023 2:57:07 PM
written by
The Retirement Group
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posted in Financial Planning, 2023, Energy, Tax Credit
Best States to Retire in 2023
May 19, 2023 10:30:12 AM
written by
The Retirement Group
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posted in Financial Planning, Tax, Retirement, 2023
What You Should Know About the Federal Reserve's New Instant Payments System
May 17, 2023 11:30:00 AM
written by
The Retirement Group
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posted in Financial Planning, 2023, Federal Reserve, Payment System, FedNow
Rescuing America's Safety Net
May 16, 2023 11:15:00 AM
written by
The Retirement Group
These concerns are well-founded, because both of these programs — the cornerstones of "America's Safety Net" — face serious fiscal challenges that require Congressional action. And the longer Congress waits to act, the more extreme the solutions will have to be. Even so, it's important to keep in mind that neither of these programs is in danger of collapsing completely. The question is what type of changes will be required to rescue them.
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posted in Financial Planning, Social Security, 2023, Demographic, Safety
SECURE 2.0 Helps Small Employers Help Their Employees
May 13, 2023 12:00:00 PM
written by
The Retirement Group
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posted in Financial Planning, Employer, 2023, SECURE Act
AT&T’s Retiree Pension Payments Taken Over by Athene
May 9, 2023 3:19:52 PM
written by
The Retirement Group
Understanding the Shift: AT&T's Retiree Pension Payments Transferred to Athene
AT&T has made changes to its pension plan for retirees. Beginning with the August pension payment, AT&T will transfer the assets and liabilities associated with the pension plan to Athene, a financial institution that manages pension group annuities for several other companies. This change does not affect the amount of the monthly pension payment. Retirees will receive monthly payments from Athene instead of the AT&T Pension Benefit Plan. The change impacts about 96,000 retirees who receive certain monthly pension benefits from AT&T.
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posted in Healthcare, Pension, AT&T, 2023
How Layoffs Can Have Negative Long-Term Consequences for Companies
May 2, 2023 11:41:32 AM
written by
The Retirement Group
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posted in Financial Planning, Lump Sum, Pension, Retirement Planning