
<p>Retirement insights from a Colorado PERA perspective</p>



<p></p>


A distant view shows a mountainous landscape with sloping peaks, green trees in the foreground, and a cloudy sky above.


<h4 class="wp-block-heading"><a href="https://www.nextavenue.org/us-national-plan-on-aging/" target="_blank" rel="noreferrer noopener"><strong>U.S. Finally Has a Plan on Aging: Will We Use It? | Next Avenue</strong></a></h4>



<p>A collection of federal agencies known as The Interagency Coordinating Committee on Healthy Aging and Age-Friendly Communities has taken its first step toward developing a nationwide plan for supporting aging adults. The report focuses on four key areas: age-friendly communities, housing, long-term care, and health and well-being. Officials expect to release a more detailed action plan after listening to feedback from the public.</p>



<h4 class="wp-block-heading"><a href="https://www.kiplinger.com/taxes/irs-ends-confusion-annual-rmds-required-for-many-inherited-iras" target="_blank" rel="noreferrer noopener"><strong>New IRS Inherited IRA Rules: Annual RMDs Required for Many Beneficiaries | Kiplinger</strong></a></h4>



<p>The IRS issued final rules that clarify the requirements for people who inherit an individual retirement account (IRA) from the original account holder. Beginning in 2025, most non-spouse beneficiaries will have to take required minimum distributions (RMDs) and deplete the account within 10 years.</p>



<h4 class="wp-block-heading"><a href="https://www.investmentnews.com/regulation-and-legislation/news/second-court-blocks-all-aspects-of-dols-fiduciary-rule-255828" target="_blank" rel="noreferrer noopener"><strong>Second Court Blocks All Aspects of DOL&#8217;s Fiduciary Rule | InvestmentNews</strong></a></h4>



<p>Two district court judges have halted implementation of the Department of Labor’s new fiduciary rule. That rule, which had been set to go into effect in September, aims to increase protections for retirement savers by expanding the definition of who in the financial services sector is considered a fiduciary and is therefore required to act in their clients’ best interests. Insurance companies had sued the government to try to prevent the rule from taking effect.</p>



<h4 class="wp-block-heading"><a href="https://hbr.org/2024/07/why-people-resist-retirement" target="_blank" rel="noreferrer noopener"><strong>Why People Resist Retirement | Harvard Business Review</strong></a></h4>



<p>Making the decision to retire is a complex and personal process, and it usually involves financial and health factors. But for some, transitioning into retirement is a challenge for various psychological reasons. New research from Harvard found three main obstacles prospective retirees face that aren’t financial: changes in identity, purpose, and relationships.</p>



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


News You Should Know: U.S. Releases Federal Framework on Aging


<h4 class="wp-block-heading"><a href="https://www.fiercehealthcare.com/payers/hhs-lowers-64-prescription-drug-prices-under-medicare-rebate-program" target="_blank" rel="noreferrer noopener"><strong>HHS Lowers Prescription Drug Prices Under IRA Medicare Rebates | Fierce Healthcare</strong></a></h4>



<p>The federal government released the latest list of prescription medications that will be discounted under Medicare because their prices rose faster than inflation. The list includes 64 drugs that will be available for lower coinsurance percentages as of July 1.</p>



<h4 class="wp-block-heading"><a href="https://www.marketplace.org/2024/06/28/lawmakers-managed-to-fix-social-security-in-the-1980s-but-those-fixes-wont-work-a-second-time/" target="_blank" rel="noreferrer noopener"><strong>Reagan-Era Social Security Fixes Won&#8217;t Work This Time | Marketplace</strong></a></h4>



<p>There have been plenty of headlines about Social Security’s dwindling cash reserves—the latest projections show the program is likely to run out of cash in about a decade. But the question of what, if anything, lawmakers intend to do about it remains. While past reforms may provide some insight, lawmakers will likely have to come up with some new solutions this time around.</p>



<h4 class="wp-block-heading"><a href="https://www.reuters.com/markets/us/us-banks-suffer-steeper-losses-retain-large-cushions-annual-fed-health-check-2024-06-26/" target="_blank" rel="noreferrer noopener"><strong>US Banks Suffer Steeper Losses, But Retain Large Cushions in Annual Fed Health Check | Reuters</strong></a></h4>



<p>Every year, the Federal Reserve conducts a “stress test” to assess the financial resilience of the country’s biggest banks. This year’s test found the banks would be able to withstand severe market volatility and other economic factors while still keeping enough money on hand to lend.</p>



<h4 class="wp-block-heading"><strong><a href="https://www.nytimes.com/2024/06/20/business/retirement/retire-advice-life-tips.html?unlocked_article_code=1.6E0.G3Q9.aN7ecjCdCYnK&amp;smid=url-share" target="_blank" rel="noreferrer noopener">Stories About What Retirement Really Means | The New York Times</a></strong></h4>



<p>The New York Times asked its readers to send in their perspectives, experiences, and advice on retirement. Almost 1,500 people responded, and their views on retirement show a wide breadth of sentiments—positive, negative, and in between.</p>



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


News You Should Know: Dozens of Drugs to Be Discounted Under Medicare


<h4 class="wp-block-heading"><a href="https://content.copera.org/news-you-should-know-lawmakers-still-working-on-secure-2-0-retirement-legislation/" target="_blank" rel="noreferrer noopener"><strong>SECURE 2.0 Could Pass Before New Congress | Pensions &amp; Investments</strong></a></h4>



<p>Lawmakers in Washington, DC continue to work on a number of retirement-related proposals that have collectively been referred to as “SECURE Act 2.0.” While time is running low to pass new legislation, there’s still a chance lawmakers could reconcile the bills and pass a final package before the end of the year.</p>



<h4 class="wp-block-heading"><a href="https://www.reuters.com/markets/us/several-parts-us-yield-curve-are-inverted-what-does-it-tell-us-2022-11-01/" target="_blank" rel="noreferrer noopener"><strong>Explainer: Several Parts of the U.S. Yield Curve Are Inverted: What Does It Tell Us? | Reuters</strong></a></h4>



<p>Experts often look to the U.S. Treasury’s so-called “yield curve” to determine if the country is headed for a recession, since inversions in the curve have reliably predicted past recessions. Here’s a look at recent trends in Treasury yields and what they could mean for the economy.</p>



<h4 class="wp-block-heading"><a href="https://www.investing.com/analysis/us-personal-savings-rate-nears-historical-bottom-200631728" target="_blank" rel="noreferrer noopener"><strong>U.S. Personal Savings Rate Nears Historical Bottom | Investing.com</strong></a></h4>



<p>During the early months of the COVID-19 pandemic, many people buckled down and significantly increased the amount of money they were putting into savings. That trend has since reversed, and recent data show Americans are now saving at historically low levels.</p>



<h4 class="wp-block-heading"><a href="https://401kspecialistmag.com/what-is-pretirement-and-why-do-more-people-want-one-before-retiring/" target="_blank" rel="noreferrer noopener"><strong>What is &#8216;Pretirement&#8217; and Why Do More People Want One Before Retiring? | 401(k) Specialist</strong></a></h4>



<p>Workers are increasingly interested in the idea of “preretirement,” a period of transition between full-time work and traditional retirement. A recent survey found 69 percent of respondents view retirement as a gradual transition away from full-time work rather than an abrupt end.</p>



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


News You Should Know: Lawmakers Still Working on SECURE 2.0 Retirement Legislation


<h4 class="wp-block-heading"><a href="https://www.cnbc.com/2022/10/19/irs-here-are-the-new-income-tax-brackets-for-2023.html" target="_blank" rel="noreferrer noopener"><strong>IRS: Here Are the New Income Tax Brackets for 2023 | CNBC</strong></a></h4>



<p>The Internal Revenue Service has released updated tax brackets for 2023, which account for the rising costs of goods and services. The IRS is implementing a number of other tax adjustments as well, including increasing the standard deduction and the earned income tax credit. The changes take effect for the 2023 tax year, meaning returns filed in 2024.</p>



<h4 class="wp-block-heading"><strong><a href="https://www.cnn.com/2022/10/21/success/401k-ira-contribution-limit-increase-2023" target="_blank" rel="noreferrer noopener">401(k) Contribution Limits 2023: IRS Increases Amount You Can Save in Your Retirement Account | CNN Business</a></strong></h4>



<p>Another important change coming in 2023 is an increase in the amount of money employees can contribute to retirement accounts like 401(k)s and IRAs. The contribution limit will increase to $22,500 for 401(k), 403(b) and 457 plans, and $6,500 for traditional and Roth IRAs.</p>



<h4 class="wp-block-heading"><a href="https://www.digitaltrends.com/mobile/non-invasive-blood-glucose-measurement-wearables-breakthrough/" target="_blank" rel="noreferrer noopener"><strong>Noninvasive Blood Glucose Monitoring on Wearables is Nigh | Digital Trends</strong></a></h4>



<p>Wearable technology like smartwatches could soon be more helpful for people living with diabetes. Researchers say they’ve developed an accurate, non-invasive way to measure blood glucose that’s similar to how current smartwatches measure blood oxygen. More testing is needed before the technology can be use in commercially available products.</p>



<h4 class="wp-block-heading"><a href="https://www.theguardian.com/travel/2022/oct/16/grey-gap-year-the-over-60s-with-a-taste-for-travel-on-a-budget" target="_blank" rel="noreferrer noopener"><strong>Grey Gap Year: The Over-60s With a Taste for Travel on a Budget | The Guardian</strong></a></h4>



<p>You’re probably familiar with the idea of a gap year, in which high school graduates take time off to travel and gain other life experiences before starting college. There’s now a growing trend of retirees taking a similar approach and venturing out on extended vacations on a shoestring budget — think staying at hostels and backpacking rather than going on a cruise or guided tours.</p>



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


News You Should Know: IRS Announces New Tax Brackets for 2023


<p>Every month, Colorado PERA distributes millions of dollars in retirement benefits to more than 110,000 retirees living in Colorado. Those retirees spend their retirement income in their communities, contributing to the local and regional economies and supporting thousands of jobs.</p>



<p>The economic effects of PERA retiree spending are the focus of a recently released report, <a href="https://www.copera.org/u-s-pension-benefits-played-important-economic-role-in-first-year-of-pandemic" target="_blank" rel="noreferrer noopener" class="broken_link"><em>Colorado PERA’s Economic and Fiscal Impacts</em></a><em>,</em> prepared by Boulder-based Pacey Economics.</p>



<p>In 2021, PERA paid $4.35 billion in retirement benefits to more than 110,000 Colorado retirees, resulting in $6.8 billion in total economic output and supporting 31,449 jobs statewide, according to the report. In addition, retirees paid $382.2 million in state and local taxes on those PERA benefits.</p>



<h4 class="wp-block-heading"><strong>The multiplier effect</strong></h4>



<p>Every dollar a retiree receives from PERA is a dollar they can spend on goods and services in their community — at the grocery store, restaurants, retail stores and other businesses. That spending sets off a multiplier effect as businesses then spend money to stock more inventory and hire more staff. The result is that original PERA dollar continues to be invested in the local community as businesses and their employees also purchase goods and services.</p>



<p>This cycle of spending illustrates the economic measure of “value-added,” which counts only the additional production of goods and services resulting from PERA distributions rather than total output.</p>



<p>Pacey Economics estimates a PERA retiree’s economic output multiplier at 1.56, meaning an extra 56 cents are generated in the economy for every dollar a retiree spends. In total, PERA retiree spending resulted in $3.16 billion in added economic value statewide last year.</p>



<h4 class="wp-block-heading"><strong>PERA benefits as a stabilizing force</strong></h4>



<p>PERA distributions are a source of regular, reliable income for the thousands of Colorado retirees who receive them. That consistent flow of income is especially helpful to local and regional economies during times of uncertainty and downturn.</p>



<p>“Retiree and beneficiary spending is a vital part of Colorado’s economy,” said PERA Executive Director Ron Baker. “The stabilizing effect of that spending has been evident amid the economic uncertainty we’ve experienced in recent years.”</p>



<p>While the Denver metropolitan area has the largest number of benefit recipients, the impact of PERA benefits is especially large in rural areas of Colorado, where there may be lower economic activity. In rural parts of the state, PERA distributions are higher per capita and they make up a larger portion of county payroll.</p>



<p>For example, in Custer County, PERA retirees received more than $7 million in retirement distributions in 2021, representing more than 37 percent of payroll. In Denver County, $383,118,000 in PERA distributions amounted to just over 1 percent of payroll. Statewide, PERA benefits make up 2.9 percent of payroll.</p>



<p>For more information, including detailed breakdowns by region and county, <a href="https://www.copera.org/u-s-pension-benefits-played-important-economic-role-in-first-year-of-pandemic" target="_blank" rel="noreferrer noopener" class="broken_link">download the full report here</a>.</p>


PERA Benefits Contribute Billions of Dollars to State Economy, Support Thousands of Jobs


<h4 class="wp-block-heading" id="bipartisan-bill-to-modernize-59-year-old-older-coloradans-act-emerges-in-legislature-state-of-reform"><a href="https://stateofreform.com/featured/2022/02/bipartisan-bill-to-modernize-59-year-old-older-coloradans-act-emerges-in-legislature/" target="_blank" rel="noreferrer noopener"><strong>Bipartisan Bill to Modernize 59-Year-Old Older Coloradans Act Emerges in Legislature</strong></a><strong> | State of Reform</strong></h4>



<p>Lawmakers have introduced a bill that aims to update and modernize the Older Coloradans Act. The bill would expand and reorganize the Colorado Commission on Aging and appoint someone from the Colorado Department of Human Services to represent the Commission to the state. The bill would also create a “Lifelong Colorado” initiative to coordinate planning and implementation.</p>



<h4 class="wp-block-heading" id="over-the-counter-covid-tests-will-soon-be-free-for-medicare-recipients-npr"><a href="https://www.npr.org/2022/02/03/1078088301/over-the-counter-covid-tests-will-soon-be-free-for-medicare-recipients" target="_blank" rel="noreferrer noopener"><strong>Over-the-Counter COVID Tests Will Soon Be Free for Medicare Recipients</strong></a><strong> | NPR</strong></h4>



<p>When the Biden administration announced insurance companies would be required to cover the cost of at-home rapid COVID tests, Medicare was excluded from the requirement. The government has since announced retirees on original Medicare or a Medicare Advantage plan will be able to get over-the-counter tests at no cost starting in the spring.</p>



<h4 class="wp-block-heading" id="explainer-the-u-s-yield-curve-has-been-flattening-why-you-should-care-reuters"><a href="https://www.reuters.com/business/finance/us-yield-curve-has-been-flattening-why-you-should-care-2022-02-03/" target="_blank" rel="noreferrer noopener"><strong>Explainer: The U.S. Yield Curve Has Been Flattening — Why You Should Care</strong></a><strong> | Reuters</strong></h4>



<p>You may have heard talk of the “yield curve” lately and how it’s been flattening in recent months. But why is that and what does it mean? Here’s an explanation of what the yield curve represents, how it’s predicted recessions in the past and what it might signal for 2022.</p>



<h4 class="wp-block-heading" id="67-of-retirees-have-credit-card-debt-here-are-3-ways-to-pay-it-off-on-a-fixed-income-usa-today"><a href="https://www.usatoday.com/story/money/personalfinance/retirement/2022/02/05/67-of-retirees-have-credit-card-debt-3-steps-to-pay-it-off-on-a-fixed-income/49758385/" target="_blank" rel="noreferrer noopener"><strong>67% of Retirees Have Credit Card Debt. Here are 3 Ways to Pay It Off on a Fixed Income</strong></a><strong> | USA Today</strong></h4>



<p>A recent survey found about two-thirds of retired Americans have credit card debt. Paying off that debt can be especially challenging for people living on fixed and limited income. Here are a few tactics to consider when deciding to tackle that debt.</p>



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


News You Should Know: Bill Aims to Better Support Aging Coloradans


<h4 class="wp-block-heading"><a href="https://www.nextavenue.org/happiest-retirees-and-unhappy-retirees/" target="_blank" rel="noreferrer noopener"><strong>Who the Happiest Retirees and Most Unhappy Retirees Are</strong></a><strong> | Next Avenue</strong></h4>



<p>What makes for a happy retiree? Contentment looks different for everyone, but the authors of two new books share some insights about some of the key characteristics of happy retirees. Hint: Money is just part of the equation.</p>



<h4 class="wp-block-heading"><a href="https://coloradosun.com/2021/11/04/mortgage-assistance-covid-colorado-housing/" target="_blank" rel="noreferrer noopener"><strong>Colorado launches program to help homeowners struggling with their mortgage payments</strong></a><strong> | The Colorado Sun</strong></h4>



<p>Colorado used its share of federal homeowner assistance funds to establish the Emergency Mortgage Assistance Program, which helps struggling homeowners who are past due on their mortgages. The program can cover up to three months of mortgage payments, and the money does not have to be paid back.</p>



<h4 class="wp-block-heading"><a href="https://www.aarp.org/money/investing/info-2021/complete-guide-to-financial-advisers.html" target="_blank" rel="noreferrer noopener"><strong>Your Ultimate Guide to Financial Advisers</strong></a><strong> | AARP</strong></h4>



<p>It’s a good idea to seek professional help with big financial decisions and planning, but there are many types of financial advisers, and choosing the right one for the job can be a difficult task. AARP lists some of the credentials and other important factors to consider when searching for a financial professional.</p>



<h4 class="wp-block-heading"><a href="https://www.kiplinger.com/retirement/estate-planning/603634/estate-planning-for-pets-how-to-protect-your-furry-friends" target="_blank" rel="noreferrer noopener"><strong>Estate Planning for Pets: How to Protect Your Furry Friends</strong></a><strong> | Kiplinger</strong></h4>



<p>You may have already put considerable thought into what will happen to your assets like property and bank accounts when you die. But what about your pets? Here are some things to consider when planning for how your pets will be taken care of, and who will pay for it.</p>



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


News You Should Know: The Keys to Happiness in Retirement


<h4 class="wp-block-heading"><a href="https://www.9news.com/article/news/health/coronavirus/guidance-booster-shots-covid-19-vaccine/73-5a06ff1a-8e57-4982-a044-658ac6ac646a" target="_blank" rel="noreferrer noopener"><strong>Breaking Down the Guidance for Booster Shots for the COVID-19 Vaccine</strong></a><strong> | 9News</strong></h4>



<p>Health officials in Colorado have given slightly different guidance than federal health officials on who is eligible for a third COVID-19 shot. Here’s what to know about who’s eligible in Colorado and where to get a booster shot.</p>



<h4 class="wp-block-heading"><a href="https://www.vox.com/policy-and-politics/22702855/build-build-better-plan-medicare-negotiate-drug-prices" target="_blank" rel="noreferrer noopener"><strong>Can the US Cut Drug Prices Without Sacrificing New Cures?</strong></a><strong> | Vox</strong></h4>



<p>The latest federal proposal to rein in rising prescription drug costs would put a cap on the amount Medicare could pay for some drugs, with the goal of paying no more than 20 percent more than what other wealthy nations pay for the same drugs. Drug companies argue cost controls could limit their ability to produce new medications.</p>



<h4 class="wp-block-heading"><a href="https://www.fool.com/investing/2021/10/07/is-the-backdoor-roth-ira-disappearing-before-our-e/" target="_blank" rel="noreferrer noopener"><strong>Is the Backdoor Roth IRA Disappearing Before Our Eyes?</strong></a><strong> | The Motley Fool</strong></h4>



<p>Lawmakers are considering a change that would eliminate the so-called “backdoor” Roth IRA. The backdoor strategy allows people whose income exceeds the limit to stash money away in a Roth IRA tax-free by taking advantage of a loophole.</p>



<h4 class="wp-block-heading"><a href="https://www.copera.org/news-you-should-know-whos-eligible-for-a-covid-19-booster-in-colorado" target="_blank" rel="noreferrer noopener" class="broken_link"><strong>U.S. News Ranks the Best Places to Retire in the U.S. in 2021-2022</strong></a><strong> | U.S. News &amp; World Report</strong></h4>



<p>U.S. News &amp; World Report ranked U.S. cities on a number of factors, including desirability, affordability, and access to health care, to determine which cities are the best places for retirees to live. See which state dominated the top 10 and where Colorado cities landed on the list.</p>



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


News You Should Know: Who’s Eligible for a COVID-19 Booster in Colorado?


<p><em>This is the second in a series of articles for National Retirement Security Month exploring how Colorado PERA provides retirement security to public employees.</em></p>



<h4 class="wp-block-heading"><strong>Stability amid uncertainty</strong></h4>



<p>At a time when many people have struggled to save for retirement on their own, PERA has continued to pay retirement benefits that support retirees and Colorado’s economy.</p>



<p>When the COVID-19 pandemic began in early 2020, businesses shut their doors, stock markets dropped, and many people found themselves facing the loss of income and savings. That economic disruption was especially painful for older Americans who rely on their savings for income in retirement: <a href="https://www.commonwealthfund.org/publications/surveys/2021/sep/impact-covid-19-older-adults" class="broken_link">A recent survey by The Commonwealth Fund</a> found that in the United States, 19 percent of adults 65 and older used up all or most of their savings or lost a source of income during the pandemic. That’s a higher percentage than other high-income countries included in the survey.</p>



<p>For public sector employees who participate in a defined benefit pension plan like what PERA offers, benefit payments have offered some financial stability during otherwise uncertain times.</p>



<h4 class="wp-block-heading"><strong>The value of reliable income</strong></h4>



<p>Retirees who rely on retirement plans like 401(k)s or their personal savings have to carefully track their withdrawals during retirement to make sure they don’t overspend and deplete their accounts. But in a defined benefit retirement plan, retirees receive a monthly payment that isn’t determined by their account balance, and a retiree cannot outlive their benefit.</p>



<p>While the COVID-19 pandemic and its effects have been felt far and wide, PERA continued to pay monthly benefits to the thousands of retirees in Colorado who rely on them.</p>



<p>In 2020, PERA paid more than $4.2 billion in pension benefits to more than 107,000 retirees living in Colorado, with an average monthly benefit of $3,204. Those benefit payments translate to billions of dollars in spending, supporting local businesses and jobs. In 2019, <a href="https://content.copera.org/pera-benefits-provide-economic-stability-during-uncertain-times/">a report by Boulder-based Pacey Economics</a> calculated that retiree spending in Colorado supported more than 32,000 jobs.</p>



<p>The stabilizing effect of PERA benefits is especially important in Colorado’s rural areas, where retiree income makes up a greater share of area payroll. In 26 Colorado counties (nearly all rural), these distributions represent at least 10 percent of the county’s total payroll.</p>



<p>In addition, PERA had more than $808 million invested in Colorado-based companies, partnerships, and assets as of the end of 2020. Those investments include equity of companies headquartered in Colorado and real estate investments. PERA also employs investment managers with operations and employees in the state.</p>



<p>Together, PERA benefits and investments strengthen Colorado’s economy and help provide stability during periods of uncertainty. And although changes to PERA — including increased contributions and a decreased Annual Increase — have been difficult for everyone, they have resulted in a more resilient plan that is able to continue to pay monthly lifetime benefits while meeting its funding goal.</p>


PERA Benefits Provide Economic Stability During Uncertain Times


<h4 class="wp-block-heading"><a href="https://401kspecialistmag.com/u-s-slips-a-spot-in-2021-global-retirement-index/" target="_blank" rel="noreferrer noopener"><strong>U.S. Slips in 2021 Global Retirement Index</strong></a><strong> | 401k Specialist</strong></h4>



<p>The United States is ranked in 17<sup>th</sup> place on the latest Global Retirement Index from Natixis, dropping one spot from last year. Iceland landed in the top spot for the third year in a row, scoring highly on things like quality of life, access to health care and finances in retirement. The U.S. saw its scores drop in the quality of life, health and finance categories.</p>



<h4 class="wp-block-heading"><a href="https://www.npr.org/sections/health-shots/2021/09/24/1040420009/booster-shot-for-covid-pfizer-science-do-i-need-one" target="_blank" rel="noreferrer noopener"><strong>Booster Shots Are Coming. Here&#8217;s How To Figure Out If You Need One</strong></a><strong> | NPR</strong></h4>



<p>Public health officials have given mixed answers on whether booster shots are necessary for COVID-19, but the FDA has approved boosters for older Americans and those at higher risk of becoming seriously ill. Here’s a detailed breakdown of who might benefit from an additional shot, as well as answers to other booster-related questions.</p>



<h4 class="wp-block-heading"><a href="https://www.thinkadvisor.com/2021/09/22/new-bill-would-create-portable-retirement-and-investment-accounts/" target="_blank" rel="noreferrer noopener"><strong>New Bill Would Create Portable Retirement and Investment Accounts</strong></a><strong> | ThinkAdvisor</strong></h4>



<p>Saving enough money for retirement is a challenge for many people. A newly proposed bill aims to make it easier by providing every American with a portable retirement and investment account when they’re issued a Social Security number.</p>



<h4 class="wp-block-heading"><a href="https://www.businessinsider.com/personal-finance/how-much-emergency-savings-retire-soon-2021-9" target="_blank" rel="noreferrer noopener"><strong>Retiring Soon? Here’s How Much to Have in Emergency Savings</strong></a><strong> | Business Insider</strong></h4>



<p>You’ve probably heard the common advice to keep three to six months’ worth of living expenses saved up in case of an emergency or large unexpected expense. But if you’re getting ready for retirement, you might want to consider stashing away some more cash first. Here are some tips for how much to save and how to use it.</p>



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


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