IRS boosts contribution limits for 401(k) retirement plan savers
The changes, among others announced by the IRS, make it easier for retirement savers to set aside more of their income toward building their nest egg.
Retirement
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North-side retirement campus plans $102M expansion with new residential units, larger community center
The project is slated to include 69 luxury apartment units, 25 villa-style residences and indoor sports courts for pickleball.
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IBJ Podcast: Pete the Planner’s advice for Gen X’s retirement dilemmas
Gen Xers who have retirement accounts have saved on average a measly $180,000, and nearly 50% of Gen Xers don’t even have a retirement plan. Among the hot topics: When’s the best time to start taking Social Security, given that it’s headed for a funding deficit in 2033?
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About to retire? Financial advisers say flexibility is key when economy is uncertain.
A surge in baby boomers nearing 65—about 4 million Americans turn 65 this year—means more people are making tough decisions about retirement. That surge is expected to continue through 2027.
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IBJ Podcast: Pete the Planner on the Social Security cliff and potential for benefit cuts
In 10 years, Social Security won’t have enough money to satisfy all obligations to retirees. The latest projections show benefits dropping by 17%.
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Articles
Social Security increase in line with inflation but trails key expenses
While the cost-of-living increase is in line with overall inflation for the year, it trails categories that are particularly relevant to older adults.
Social Security cost-of-living increase announcement delayed by shutdown
The annual Social Security cost-of-living adjustment is timed to the September Consumer Price Index, which has not yet been released.
Brittany Force, ‘Queen of Speed,’ to retire after record-breaking season
Force set the new NHRA Top Fuel world speed record last weekend at the U.S. Nationals in Indianapolis. Now she’s ready to focus on starting a family.
Bob Bryant to retire as 500 Festival president and CEO
A veteran sports marketing executive, Bryant has served as leader of the nonprofit since 2013.
Trump opens the door for private equity, crypto as 401(k) retirement plan options
Millions of Americans saving for retirement could have the option of putting their money in higher-risk investments, according to an executive order signed Thursday by President Donald Trump.
While tariffs roil Wall Street, individual investors stay in stocks
The tariff-induced extremes that have gripped Wall Street have been mirrored by a surprising fortitude among everyday people invested in the stock market, financial advisers and analysts say.
After dropping BlackRock over socially conscious investing, state picks asset manager with similar past
The state dropped New York City-based BlackRock as an asset manager after the Treasurer’s Office found it had considered ESG practices. But its replacement has a similar background.
Will Indiana join a wave of states offering new retirement savings option?
According to the U.S. Bureau of Labor Statistics, 30% of private-sector workers do not have access to a defined-contribution retirement plan through their employer.
After 40 years at WTHR, Chuck Lofton announces retirement plans
“I feel the time is right,” Lofton said during Thursday’s episode of “Sunrise.”
Kevin Gregory to retire after 35 years of WRTV weather forecasts
Kevin Gregory, who joined the WRTV-TV Channel 6 staff in 1989, is set to wrap up his career at the ABC affiliate. It will be the first time since 1972 that no member of the Gregory family will deliver weather forecasts on Indianapolis TV.
Higher Social Security payments coming for millions after Biden signs bill
The measure boosts Social Security payments for current and former public employees such as teachers, firefighters, police officers and in other public service jobs.
Adrienes Flowers & Gifts owners brightened Noblesville
Moffett and Stephen Craig are retiring this month after 35 years of operating Adrienes in a 133-year-old house at 1249 Conner St. just east of the historic courthouse square.
Social Security’s scheduled cost of living increase ‘won’t make a dent’ for some retirees
About 70.6 million Social Security recipients are expected to receive a smaller cost of living increase for 2025 than in recent years, as inflation has moderated.
State treasurer places BlackRock on ESG watchlist
Indiana passed a law in 2023 directing the Indiana Public Retirement System board to refrain from making investments aimed at environmental, social, and governance issues.
Medicare, Social Security go-broke dates delayed in ‘measure of good news’
An improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday. Still, officials warned that policy changes are needed lest the programs become unable to pay full benefits to retiring Americans.
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.
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.
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.