The Turning 65 Workshop’s Post

September 2, 2024 marks the 50th anniversary of the enactment of the Employee Retirement Income Security Act (ERISA). Watch this video, third and last in a series by Jeff Mamorsky of COHEN & BUCKMANN P.C. to hear Jeff discuss the major amendments made to ERISA to protect workers even further. Use a trial ID to watch the complete video. https://bit.ly/3yP7PTC #ERISA #50thAnniversary #Lexis #PracticalGuidance

For many older employees, well-informed Social Security & Medicare filing decisions can have a real impact on their financial well-being in retirement! #hrprofessionals #hrmanagement #hrgeneralist #totalrewards #financialwellness

What is the average age that people claim Social Security benefits? Hint - almost half of people are claiming benefits before full retirement age. Watch the webinar recording: "Social Security Benefits 101" for tips and insights on when it may make the most sense for you to start claiming Social Security benefits.

ERISA: Congress’ Cruelest Joke? ERISA is the Employee Retirement Income Security Act. The name sounds like the Act is designed to protect you, the Employee. Don’t be fooled. One case I reviewed recently is Mullins v. Securian Life Ins. Co. It came out of the Middle District of Florida, but there is no need to name or blame the judge for the egregious outcome of the case because the law was, in fact, correctly applied. Read more...https://lnkd.in/esK2t65d #DisabilityInsurance #FinancialSecurity #LongTermDisability

I think we need a follow-up article on ACA’s, QACA’s and EACAs!

Retired or approaching retirement? The Social Security Cost of Living Adjustment for 2024 is 3.2%. Now's the perfect time to review your Social Security statement or log in to your Social Security Administration account. Ensure everything is accurate, including your Medicare premiums. If you're considering working with us, this is an area where an advisor can add value, offering a holistic approach to maximize your benefits.

In recent years, the common wisdom has been that defined benefit (DB) #pension plans, which guarantee an annual yearly payout for employees, post-retirement, have increasingly little value as a tool for hiring and retaining new employees. But a new study, from the National Institute on Retirement Security shows that for police officers and firefighters in particular, DB plans continue to make a dramatic difference for employers. In fact, report Barrett and Greene Inc. in a new Management Update, once public safety employees have gotten vested in pension plans, turnover rates drop dramatically. For all the details click here: https://lnkd.in/eqczMfaM Amy Resnick Hank Kim National Association of State Retirement Administrators Keith Brainard Dana Bilyeu PSHRA ICMA - International City/County Management Association Leslie Scott Cara Woodson Welch Neil Reichenberg Dan Doonan Tyler Bond Margaret Rogers Kelly Kenneally

Joining other American College of Employee Benefits Counsel reflecting on the 50 year history of ERISA and discussing where health, retirement and savings policy needs to go next to promote health coverage and post retirement financial security for Americans in the future. What are hour thoughts? #solutionslawyer #erisa #retirementpolicy #healthpolicy

Only 16% of private sector workers have access to a defined benefit plan. Aside from Social Security, 401(k) plans will need to solve for that missing pension-like experience that American workers used to have. Nuveen’s Brendan McCarthy joins a #NAPA401Ksummit panel to discuss developing solutions that will offer participants a steady income stream in retirement. #TheAdvisorExperience https://bit.ly/43zcsfw

Only 16% of private sector workers have access to a defined benefit plan. Aside from Social Security, 401(k) plans will need to solve for that missing pension-like experience that American workers used to have. Nuveen’s Brendan McCarthy joins a #NAPA401Ksummit panel to discuss developing solutions that will offer participants a steady income stream in retirement. #TheAdvisorExperience https://bit.ly/3PEBPH5