“Millennials” might be the hottest new buzzword of, well, the current millennium. While there is a fairly large age gap among the generation – they span between 1982 and 2000, according to the US Census Bureau – the group does have a lot of similarities among them, and a few shortfalls when it comes to finances and looking towards their financial future.
International Living's Annual Global Retirement Index ranks the top locales for retirees who'd prefer to spend their golden years abroad or traveling. The magazine ranked 24 retirement destinations around the world, based on a dozen criteria, including cost of living, climate, health care and entertainment. The U.S.
The Labor Department has sent a final rule for an 18-month delay of its fiduciary regulation to the Office of Management and Budget for review.
On Thursday morning, the OMB posted on its website a notice that it had already received the delay language from the DOL. The OMB is likely to delay the measure, and when they do it will be returned to DOL, who will then release it publicly. The timeline for this, though, is unclear.
There are few social programs in the United States that are more important than Social Security.
Do you want to make changes to your Medicare coverage? There are certain times when you can make these changes; some of these time periods are different depending on the type of Medicare plan. For Medicare Advantage (also known as Medicare Part C) and Medicare prescription drug plans, there's an Annual Election Period (AEP) when you can sign up for, change, or disenroll from the plan.
Too many people are taking an unnecessary risk by not protecting their loved ones with life insurance. 1 in 3 households would have immediate trouble paying living expenses if the primary wage earner died, according to the 2016 Insurance Barometer Study by Life Happens and LIMRA. And the study also found that 40% haven’t bought life insurance or more of it because they’re unsure of how much or what type to buy. That’s why each September Life Happens coordinates Life Insurance Awareness Month.
It seems that after a near two years of planning, some significant changes are coming to the military retirement system.