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More than two-fifths of baby boomers are nearing retirement with no retirement savings. That fact may surprise you, if you are a typical white-collar worker, dwelling in a corporate culture of near-universal retirement coverage, encouraged to save a half-million dollars or more before taking the gold watch. But many Americans work for smaller companies that…
” Bitcoin retirement plans elicit caution from regulators “ Even as the crypto market continues to forge an impressive recovery from the 2022 bear market, the industry continues to attract the wrath of regulators worldwide, especially in the United States. Three U.S. financial watchdogs recently issued stern warnings to individuals looking to invest in retirement…
” US lawmakers reintroduce bill to remove roadblocks for crypto investments in retirement accounts “ Alabama Senator Tommy Tuberville has reintroduced legislation aiming to allow United States 401(k) retirement plans to include exposure to cryptocurrencies. In a Feb. 15 announcement, Tuberville said the Financial Freedom Act — which he first introduced to the U.S. Senate…
” US financial regulators warn against crypto exposure in retirement accounts “ Three financial watchdogs in the United States have issued a warning to investors considering certain individual retirement accounts with exposure to cryptocurrencies. In a Feb. 7 notice, the United States Securities and Exchange Commission’s Office of Investor Education and Advocacy, the North American…
“Cops flee NYPD in biggest exodus since 9/11” The NYPD saw 3,701 cops retire or resign in 2022, the most since the post-9/11 exodus in 2002, when 3,846 cops said goodbye to the job, according to data obtained by The Post. Pension fund numbers reveal the 2022 exits are 32% more than the 2,811 who…
“NYC retirees sue Adams administration for $55M… over $15 health-care copays” Retired New York City government workers — who enjoy among the most generous taxpayer-provided health benefits in the U.S. — are suing Mayor Eric Adams and the city for $55 million over $15 copays for doctors visits. The Manhattan Supreme Court class-action suit was filed…
“5 new technologies that could turn our world into ‘Peripheral’” Hit Amazon Prime TV series “The Peripheral,” based on William Gibson’s novel of the same name, depicts a grim planet Earth in the year 2099, when a much-reduced human population relies on artificially intelligent robot servants and virtual-reality headsets allow people to travel back in…
” US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-up “ United States senators Elizabeth Warren, Tina Smith, and Richard Durbin have renewed their calls for Fidelity Investments to reconsider offering a Bitcoin (BTC)-linked 401(k) retirement product. In a letter addressed to Fidelity Investments CEO Abigail Johnson on Nov. 21, the three…
“Letters to the Editor — Nov. 18, 2022” The Issue: Charles C.W. Cooke’s column comparing Gov. Ron DeSantis to Bill Clinton in 1992. Charles C.W. Cooke’s characterization of Florida Gov. Ron DeSantis as a political doppelganger of former President Bill Clinton is quite apt (“He fits the bill,” PostScript, Nov. 13). Like Clinton, DeSantis has…
” Almost 50% of Gen Z and Millennials want crypto in retirement funds: Survey “ Nearly half of Gen Z and Millennials want to see crypto become a part of their 401(k) retirement plans, according to an October survey from United States asset manager Charles Schwab. Asking participants what they would like to see added…