News You Should Know: Larger TABOR Refund Checks Coming in 2024
News You Should Know
July 5, 2023
Coloradans Will Get Even Larger TABOR Refund Checks Next Year | The Colorado Sun
Higher-than-expected tax revenues mean Coloradans will receive TABOR refund checks again next year. The payments, which will go out after taxpayers file their 2023 tax returns, will likely be even higher than the $750 per person the state sent out in 2022.
Drug Prices: Drugmakers Aim to Fight Medicare Negotiations at SCOTUS | CNBC
Manufacturers of prescription drugs are filing lawsuits aiming to stop Medicare from implementing its new drug price negotiation program. The government argues that directly negotiating prices will lower costs for Medicare enrollees, while the drug makers say the program will cut into their revenues and limit future drug development.
Median Age in America Hits Record High | 401K Specialist
The median age in the United States—the age at which half the population is younger and half is older—reached a record high of 38.9 last year. Another milestone in America’s aging population is right around the corner: The point in time known as Peak 65, when more Americans turn 65 than any other point in history, is expected to happen in 2024.
Women Have Significantly Less Saved in 401(k)s Than Men | Kiplinger
Women have historically earned less than men in the workplace, and that gender gap continues into retirement. According to a recent report, men’s average 401(k) balance is about 50% higher than women’s. The report also finds that 52% of women participate in a 401(k) compared to 61% of men.
News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.
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