The House of Representatives approved the Serve America Act, which includes a major boost for midlife career changers interested in non-profit work in the form of 100 Encore Fellowships across all 50 states and a major expansion of Americorps. President Obama is expected to sign the legislation when he returns from his eight-day trip to [...] [read full article…]
President Obama is expected to sign legislation next week that dramatically expands national community service programs, including an exciting boost for midlife career changers interested in non-profit work. The legislation cleared the House of Representatives last week, and was approved yesterday by the Senate under the title “Edward M. Kennedy Serve America Act.” The bill [...] [read full article…]
The exploding cost of health care poses one of the most serious threats to retirement security–even with Medicare covering everyone over age 65. The pressures have accelerated in recent years as health care costs accelerate. Today, Fidelity Investments reported that a 65-year-old couple retiring in 2009 will need approximately $240,000 to cover medical expenses in [...] [read full article…]
In the midst of economic calamity, retirement investors started 2009 by doing something surprising: they loaded up on their own employers’ stock. In January, more new 401(k) fund dollars went into the stock of investors’ employers than any other type of investment. Hewitt Associates, the employee benefits consulting firm, reported that $65 million was invested [...] [read full article…]
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