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    News You Should Know: Medicare Part B Premium Reduction Scheduled For 2023

    News You Should Know

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    June 8, 2022

    Medicare Recipients to See Premium Cut — But Not Until 2023 | The Associated Press

    Officials announced earlier this year that Medicare was reevaluating 2022’s Part B premium hike, which was tied to an expensive new Alzheimer’s drug. Health and Human Services Secretary Xavier Becerra said that while he believed the premium should be reduced mid-year, legal and operational hurdles mean the reduction won’t happen until 2023.

    There’s a Push in Congress for a New National Retirement Plan to Fill Big Savings Gap | CNBC

    Lawmakers in Washington, DC are considering legislation — known as Secure Act 2.0 — that would make some major changes to retirement plans like 401(k)s and IRAs. But a bipartisan group of lawmakers is also exploring the idea of a national retirement plan that covers those without access to a retirement plan through their employer, potentially modeled after the federal Thrift Savings Plan.

    IRS Sitting on Your Tax Refund? There’s a Bright Spot. | CBS News

    The IRS went into tax season with a backlog of millions of tax returns still awaiting processing from last year. The good news, if you’re still waiting on your refund, is that the IRS pays interest on payments that are 45 days late or more. The current interest rate is 4 percent, but that’s likely to increase later this year.

    Overcoming Your Bias Against Aging Can Improve Your Life | Next Avenue

    You know the old saying, “mind over matter”? Research shows it can apply to aging — people with positive views of getting older tend to be healthier and more active in their later years, and vice versa. The author of a recent book discusses how to challenge and change deeply held beliefs about aging.


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

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