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BlackRock Intros Paycheck-Style Retirement Offering

Asset management firm BlackRock has debuted a savings product designed to give retirees a guaranteed, paycheck-style income.

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BlackRock wants to make it easier to get paycheck-like income from your retirement savings

One of Americans’ biggest retirement fears is running out of money. BlackRock hopes a new way to take paycheck-like withdrawals from investments may help.

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Julie Su's Nomination for Secretary of Labor Passes Senate Committee

The vote was held in a closed session and advanced by a party-line vote; meanwhile, the Senate committee chaired by Bernie Sanders ponders a return for DB plans.

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Americans Face Alarming Retirement Savings Shortfall, According to National Institute on Retirement Security Testimony Before U.S. Senate Committee

Americans Face Alarming Retirement Savings Shortfall, According to National Institute on Retirement Security Testimony Before U.S. Senate Committee
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83% of Americans believe all workers should have a pension, new National Institute on Retirement Security report finds

Americans are increasingly worried about retirement, and they see a return to pensions as a way to restore the American Dream of retirement, according to new research from the National Institute on Retirement Security (NIRS).

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Which Will Cost Me More Money: Pension or 401(k)?

With a few notable exceptions, the age of pensions is largely over in the U.S. Traditional defined benefit plans have replaced largely by defined contribution retirement vehicles like 401(k) plans. A new study from the National Institute on Retirement Security, … Continue reading → The post Pensions May Actually Be Cheaper For Employers Than 401(k) Plans appeared first on SmartAsset Blog.

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NE Legislature to hear bills that bolster struggling long term care industry / Public News Service

Nebraska saw nine long-term care facility closures in 2022, second only to 13 in Texas. In the past three years, Nebraska has lost a combined 29 assisted living facilities and nursing homes. Inadequate funding for Medicaid patients, workforce issues and the rising costs of goods and services have all contributed to these closures. ...

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Coalition proposes Peoples Budget for ORs short session / Public News Service

A coalition of groups has laid out its budget priorities for the Oregon legislative session in an effort to advance racial, gender and economic justice. The Fair Shot for All coalition includes unions, racial equity and education groups and more. They have proposed the 2024 People's Budget for this year's short session. ...

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States changing public pension plans running into hurdles

States changing public pension plans running into hurdles
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NE lawmakers consider tax credits for family caregivers

About 180,000 Nebraskans are caregivers for a family member. Nationally, family caregivers spend an average of more than $7000 a year on related expenses. A bill in the Nebraska Legislature would help offset some of those expenses. ...

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