Study: More than 1 in 4 adults over 50 say they expect to never retire
The share of people older than 50 who say they do not expect to retire has steadily increased, according to the AARP study, which is conducted twice a year.
Retirement
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IBJ Podcast: Pete the Planner on what your career earnings should tell you about retirement savings
In the 300th episode of the IBJ Podcast, Pete Dunn also discusses the role that your housing decisions—good and bad—play in retirement readiness.
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IBJ Podcast: Rabbi Dennis Sasso on 275 weddings, 1,000 funerals, 800 b’nai mitzvah over 47 years
IBJ Podcast host Mason King sat down with Sasso and his wife, Rabbi Sandy Eisenberg Sasso, to discuss Dennis’ decision to step down.
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Payne’s dual roles at CICF to become separate jobs when he retires
Brian Payne, who is retiring from his longtime roles as CEO of the Central Indiana Community Foundation and president of the Indianapolis Foundation, said it was becoming clear that each position was growing into a full-time job.
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IUPUI’s Paydar plans to step down as chancellor
Under Paydar’s leadership, IUPUI has expanded its footprint in downtown Indianapolis and has grown to include more than 550 undergraduate, graduate and professional degree programs from IU and Purdue University.
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Articles
IBJ Podcast: Pete the Planner asks, ‘Can ambitious people feel fulfilled in retirement?’
If you’re a company founder, serial entrepreneur and/or C-suite executive, the ambition that drives you will not vanish the day you decide to give up full-time work and hit the pickleball court.
With its triple-tax benefits, the humble HSA emerges as a retirement savings powerhouse
Increasingly, benefits brokers and personal-finance experts are advising people use cash to pay for health care and investing the HSA funds for decades.
State lawmaker pension panel recommends 13th check, cost-of-living adjustment
Indiana should move from ad hoc public retirement benefit increases to a long-term approach that guarantees former public employees a 13th check or cost of living adjustment, or COLA, annually, an interim committee recommended Tuesday.
Social Security benefits to increase by 3.2% in 2024
Next year’s hike follows this year’s 8.7% benefit increase, which was brought on by record 40-year-high inflation.
More Hoosiers opting to unretire
A strong stock market in the first 18 months of the pandemic boosted the retirement earnings of many Americans, helping to spur the “Great Retirement Boom.” Inflation and others factors have since sent some older Americans back to work.
Jalene Hahn: Preparing for the other side of retirement is more than money
Getting ready for retirement financially is a lifelong balancing act between having an enjoyable current lifestyle and preparing to maintain a comfortable lifestyle over a long, uncertain future.
Wave of retirements leaving some U.S. industries desperate to hire
Since 2019, the proportion of retirees in the U.S. population has risen from 18% to nearly 20%—equivalent to about 3.5 million fewer workers. And the trend seems sure to accelerate.
Chase exec Al Smith set to retire after six decades in banking
Smith, 82, will be wrapping up a 59-year banking career when he retires in May. He has spent his entire career working for banks that are now part of J.P. Morgan Chase & Co.
Biden issues first veto, taking on new Republican House
Biden sought to kill a Republican-authored measure that would ban the government from considering environmental impacts or potential lawsuits when making investment decisions for people’s retirement plans.
Mammoth spending bill aids retirees, boosts financial industry
A section of the $1.7 trillion spending bill passed Friday has been billed as a dramatic step toward shoring up retirement accounts of millions of U.S. workers. But the real windfall may go to a far more secure group: the financial services industry.
Working at 76: Inflation forces hard choice for older adults
An AARP report released last month showed more than a third of people 65 and older described their financial situation at midyear as worse than it was 12 months before.
U.S. expected to announce huge jump in Social Security payments
Tens of millions of older Americans are about to get what might be the biggest raise of their lifetimes.
Hamilton County administrator announces retirement after 49 years with county
Dan Stevens, who previously served eight years as Hamilton County sheriff, has been Hamilton County’s director of administration since 2009.
Rejected by courts, retirees take last shot to save pensions
An estimated 20,000 Delphi workers, including more than 4,000 in Indiana, were hurt by the 2009 GM bankruptcy, and many have spent the past 13 years fighting to get back what they lost.
Hahn: The look of retirement changes with each generation
From the Silent Generation to the GenZers, every demographic group is facing challenges to comfortable retirements.
Cook Group sued for ‘unreasonably high fees’ in 401(k) plan
Cook Group, the Bloomington-based maker of medical devices, is being sued by a participant of its 401(k) retirement plan. Cook officials said the company planned to fight the suit.
Stock market slump unsettling Americans eying retirement
A stock market slump this year has taken a big bite out of investors’ portfolios, including retirement plans like 401(k)s.
Millions who retired early during pandemic now returning to work, new data shows
In some cases, workers say rising costs—and the inability to keep up while on a fixed income—are factoring heavily into their decisions.
Longtime Colts tight end Jack Doyle announces retirement
A graduate of Indianapolis Cathedral High School and a former ball boy for the Indiana Pacers, Doyle played all 131 games of his nine-year career with his hometown football team.