KEARNEY, Neb. — Retirement can be a daunting prospect, especially for new workers. To this end, Congress passed several rounds of legislation to change the way people prepare for retirement, and some experts expect big differences in 2025. The Secure 2.0 Act of 2022 has been rolling out differences to retirements plans like 401(k)s and…
The U.S. Department of Labor’s Employee Benefits Security Administration on December 27 launched the public Retirement Savings Lost and Found Database, a tool designed to help America’s workers and beneficiaries search for retirement plans that may still owe them benefits. Created as part of the SECURE 2.0 Act of 2022, the database serves as a…
PERU — As part of Norway Savings Bank’s “Helping Hands” donations to celebrate the season of giving, team members delivered a $1,000 check to Servant’s Heart Food Pantry in Peru. Based in the United Baptist Church of Peru, Servant’s Heart Food Pantry provides assistance to anyone in need of sustenance and support. The food pantry…
Do you have retirement savings? If so, there’s a rule you absolutely need to keep in mind. It’s called Required Minimum Distributions (RMDs), and it’s crucial if you have accounts like a 401(k) or an IRA. Simply put, RMDs are the minimum amounts the IRS requires you to withdraw each year from your retirement savings….
Jakub Krechowicz / Shutterstock.com In today’s uncertain economy, maximizing your savings’ earning potential is more important than ever. The good news is that high-interest savings accounts can earn you significantly more interest than traditional savings accounts offered by banks, and most are accessible to you online. These accounts typically provide FDIC or NCUA insurance up…
by Lacey Pfalz Last updated: 9:20 AM ET, Mon December 30, 2024 Grand Circle Corporation, which owns Grand Circle Cruise Line, Grand Circle Travel and Overseas Adventure Travel—the travel brands designed for Americans aged 50 and up—is offering up to $750 in savings for all 2025 trips with its New Year Savings sale. The sale…
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Those looking to cut heating bills as the weather cools, have options beyond adding a warm sweater and socks. Keeping your thermostat set to this exact temperature consistently should help, and adding a space heater could tame your heating bill even further. Whether you use oil, gas, electric or propane to heat your home during winter months, energy costs…
In its first year of operation, Maine’s state-sponsored Roth IRA savings plan has enrolled nearly 12,000 workers. The Maine Retirement Investment Trust, or MERIT, was created for the tens of thousands of workers in the state who don’t have access to a retirement savings plan. Over the past year, eligible employers that have been in business…
by Dar Danielson | Dec 30, 2024 State Treasurer Robby Smith. (RI photo0 State Treasurer Roby Smith says you still contribute to an I-Save 529 plan for someone’s education and get a tax break for this year. “So you have all the way till April 30th, that’s when taxes are due here in Iowa, ”…
