Bill Mays to retire from Mays Chemical
The most successful black businessman in Indiana plans to retire from the company that bears his name at year-end as part of a transition that ultimately will put his daughter at the helm.
Retirement
Articles
Indiana University to offer workers buyout plan
Indiana University is drafting plans to offer thousands of university employees a voluntary retirement buyout.
Baby boomers near 65 with retirements in jeopardy
Starting in January, more than 10,000 baby boomers a day will turn 65, but many are facing a personal finance disaster just as they’re hoping to retire.
More cash-strapped workers dipping into 401(k) accounts
A record number made hardship withdrawals in the second quarter, and the number of of workers who borrowed from their accounts reached a 10-year high, according to Fidelity Investments.
Seniors are nation’s fastest-growing group of entrepreneurs
For four decades, Jim Ashby worked as a manufacturing floor manager, first for General Motors Corp., then, after a buyout,
for an Ingersoll Rand subsidiary. He likes to relax and fish, but Ashby considers himself too energetic for retirement. He’s
now 67 years old. And a first-time entrepreneur.
New retirement savings law means new biz for AUL
In order to comply with stricter rules from the Internal Revenue Service, schools and other not-for-profits are making changes
and consolidations to retirement plans, creating growth opportunities for companies like Indianapolis-based American United
Life Insurance Co.