After a slow first quarter for 2015, the U.S. economy showed signs of rebounding in April. Optimism among small business owners is fueling the momentum, but what is driving their capital expenditures? Reuters offers analysis of the changing environment for small business. For retirees, deciding what to do with unwanted insurance policies can be a problem. Before you simply drop a policy, Dan Moisand of Financial Advisor suggests some other options — including selling it. Having enough money to retire is another concern, and it’s keeping many older workers in the workplace. Is the dream of complete retirement a myth after all? Marlene Satter covers the story for BenefitsPro. It appears that at least partial retirements may last a lot longer in the future, according to Dr. Richard Hodes of the National Institute on Aging. In fact, he thinks the average life span will eventually increase by another 20 years. He recently discussed his research findings at the National Press Club.
Small Business Confidence Perks Up; Jobs Market Solid– Owners of small businesses are more optimistic about U.S. economic prospects and plan to increase capital spending. The National Federation of Independent Business publishes a Small Business Optimism Index which climbed 1.7 in April to 96.9, the sharpest gain since December. Read more…
8 Ways To Deal With An Unwanted Life Insurance Policy- Many retirees simply drop their life insurance policies if they believe they don’t need them. But there are other, more beneficial, ways to dispose of unwanted insurance policies. This article by Dan Moisand explores eight options, which include selling the policy, donating it to charity and using a 1035 exchange. Read more…
Retirement Is Changing To—Working– Americans in all age groups are getting the picture that the old three-legged stool of income for retirement is just too wobbly—so they’re adding a fourth leg: work. “The long-held view that retirement is a moment in time when people reach a certain age, immediately stop working, fully retire, and begin pursuing their dreams is more myth than reality,” said Catherine Collinson, president of TCRS, in a statement. Collinson added, “Retirement has become a transition that may be phased over time or happen abruptly due to intervening circumstances.” Read more…
Human Life Span Could Increase 20 Years This Century– Based on the current pace of increases in longevity, the average human life could last 20 years longer within the next 80 years, Dr. Richard Hodes, director of the National Institute on Aging at National Institutes of Health, said at a National Press Club Newsmaker on May 7. “I would not bet against it,” said Hodes, the country’s leader of research on aging. Armed with bar graphs, he said that since 1840, “we have gained one year every four years, moving [lifespan] from the 40s to the 80s.” Read more…
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller