Colorado Wins Federal Approval to Import Prescription Drugs from Canada | Colorado Public Radio

The FDA has signed off on Colorado’s plan to start importing some prescription medications from Canada to save consumers money. The approval applies to 20 drugs that could be available in Colorado by next year, if Canada has enough supply to export them.

Why More Retirees Rely on Pensions Than Most People Realize | Investopedia

Defined benefit pensions may be harder to come by these days, but they’re still a major piece of the retirement income puzzle for many Americans. While many private-sector employees used to have access to a pension at work, such plans are largely only available to public employees today. That shift shows up in the data when you compare pension access by age group: More than half of workers age 65 or older have a pension compared to just 4% under the age of 24.

Social Security Retirement Trust Fund Will Run Dry in 2032 Unless Congress Acts | CNN

Social Security’s retirement trust fund is now expected to run out of money in 2032 if Congress doesn’t take action to shore up the system, according to the latest estimate from Social Security’s trustees. Medicare’s trust fund is in similar shape, facing depletion in 2033. Both programs could be forced to reduce benefits if they run out of money in their reserves.

3 Questions Everyone Should Ask a Financial Advisor During the First Meeting | Parade

Working with a professional such as a financial advisor can make a big difference when it comes to setting and achieving money goals. If you’re meeting with an advisor for the first time, some of the most helpful questions to ask don’t actually have anything to do with how to manage your money.

---

News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.