News You Should Know: Study Challenges Beliefs About Healthy Aging

New Study Challenges the Most Popular Myth About Aging | Newsweek

It’s a commonly held belief that declines in physical and mental abilities are a natural part of aging, but new research is challenging that notion. According to researchers at Yale University, improving with age is common and mindset may have a lot to do with it.

Impact of State Budget Cuts Gets Real as Lawmakers Start Trimming Medicaid Programs | CPR News

Medicaid spending is on the chopping block as legislators work to cut hundreds of millions of dollars from the State budget. The Joint Budget Committee is recommending cuts to caregiver hours and some services, since Medicaid is a large and growing portion of the budget. The full legislature will have to approve any cuts to Medicaid or other services.

Tax Scams Are on the Rise. Here’s What to Know. | The Associated Press

The Internal Revenue Service says it’s seen an increase in scam activity this tax season. The scammers often use threatening phone calls, emails, and text messages to trick people into providing personal information. Officials say scammers are also increasingly using artificial intelligence to try to fool their victims.

15 States with Most, 5 States with Least Retirement Savings | 401k Specialist

Colorado is doing better than a lot of other states when it comes to setting aside money for retirement. According to a new ranking from SmartAsset, Colorado tied with California and Ohio for 10^th place overall, with median savings of $100,000 in tax-deferred accounts like 401(k)s. The analysis didn’t include defined benefit plans or Social Security benefits.

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