Higher Social Security payments coming for millions after Biden signs bill
The measure boosts Social Security payments for current and former public employees such as teachers, firefighters, police officers and in other public service jobs.
Retirement
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After 40 years at WTHR, Chuck Lofton announces retirement plans
“I feel the time is right,” Lofton said during Thursday’s episode of “Sunrise.”
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Kevin Gregory to retire after 35 years of WRTV weather forecasts
Kevin Gregory, who joined the WRTV-TV Channel 6 staff in 1989, is set to wrap up his career at the ABC affiliate. It will be the first time since 1972 that no member of the Gregory family will deliver weather forecasts on Indianapolis TV.
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IBJ Podcast: Pete the Planner on what your career earnings should tell you about retirement savings
In the 300th episode of the IBJ Podcast, Pete Dunn also discusses the role that your housing decisions—good and bad—play in retirement readiness.
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IBJ Podcast: Rabbi Dennis Sasso on 275 weddings, 1,000 funerals, 800 b’nai mitzvah over 47 years
IBJ Podcast host Mason King sat down with Sasso and his wife, Rabbi Sandy Eisenberg Sasso, to discuss Dennis’ decision to step down.
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Articles
Adrienes Flowers & Gifts owners brightened Noblesville
Moffett and Stephen Craig are retiring this month after 35 years of operating Adrienes in a 133-year-old house at 1249 Conner St. just east of the historic courthouse square.
Social Security’s scheduled cost of living increase ‘won’t make a dent’ for some retirees
About 70.6 million Social Security recipients are expected to receive a smaller cost of living increase for 2025 than in recent years, as inflation has moderated.
State treasurer places BlackRock on ESG watchlist
Indiana passed a law in 2023 directing the Indiana Public Retirement System board to refrain from making investments aimed at environmental, social, and governance issues.
Medicare, Social Security go-broke dates delayed in ‘measure of good news’
An improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday. Still, officials warned that policy changes are needed lest the programs become unable to pay full benefits to retiring Americans.
Study: More than 1 in 4 adults over 50 say they expect to never retire
The share of people older than 50 who say they do not expect to retire has steadily increased, according to the AARP study, which is conducted twice a year.
IBJ Podcast: Pete the Planner asks, ‘Can ambitious people feel fulfilled in retirement?’
If you’re a company founder, serial entrepreneur and/or C-suite executive, the ambition that drives you will not vanish the day you decide to give up full-time work and hit the pickleball court.
With its triple-tax benefits, the humble HSA emerges as a retirement savings powerhouse
Increasingly, benefits brokers and personal-finance experts are advising people use cash to pay for health care and investing the HSA funds for decades.
State lawmaker pension panel recommends 13th check, cost-of-living adjustment
Indiana should move from ad hoc public retirement benefit increases to a long-term approach that guarantees former public employees a 13th check or cost of living adjustment, or COLA, annually, an interim committee recommended Tuesday.
Social Security benefits to increase by 3.2% in 2024
Next year’s hike follows this year’s 8.7% benefit increase, which was brought on by record 40-year-high inflation.
More Hoosiers opting to unretire
A strong stock market in the first 18 months of the pandemic boosted the retirement earnings of many Americans, helping to spur the “Great Retirement Boom.” Inflation and others factors have since sent some older Americans back to work.
Jalene Hahn: Preparing for the other side of retirement is more than money
Getting ready for retirement financially is a lifelong balancing act between having an enjoyable current lifestyle and preparing to maintain a comfortable lifestyle over a long, uncertain future.
Wave of retirements leaving some U.S. industries desperate to hire
Since 2019, the proportion of retirees in the U.S. population has risen from 18% to nearly 20%—equivalent to about 3.5 million fewer workers. And the trend seems sure to accelerate.
Chase exec Al Smith set to retire after six decades in banking
Smith, 82, will be wrapping up a 59-year banking career when he retires in May. He has spent his entire career working for banks that are now part of J.P. Morgan Chase & Co.
Biden issues first veto, taking on new Republican House
Biden sought to kill a Republican-authored measure that would ban the government from considering environmental impacts or potential lawsuits when making investment decisions for people’s retirement plans.
Mammoth spending bill aids retirees, boosts financial industry
A section of the $1.7 trillion spending bill passed Friday has been billed as a dramatic step toward shoring up retirement accounts of millions of U.S. workers. But the real windfall may go to a far more secure group: the financial services industry.
Working at 76: Inflation forces hard choice for older adults
An AARP report released last month showed more than a third of people 65 and older described their financial situation at midyear as worse than it was 12 months before.
Payne’s dual roles at CICF to become separate jobs when he retires
Brian Payne, who is retiring from his longtime roles as CEO of the Central Indiana Community Foundation and president of the Indianapolis Foundation, said it was becoming clear that each position was growing into a full-time job.
U.S. expected to announce huge jump in Social Security payments
Tens of millions of older Americans are about to get what might be the biggest raise of their lifetimes.
Hamilton County administrator announces retirement after 49 years with county
Dan Stevens, who previously served eight years as Hamilton County sheriff, has been Hamilton County’s director of administration since 2009.