New retirement savings law means new biz for AUL
In order to comply with stricter rules from the Internal Revenue Service, schools and other not-for-profits are making changes and consolidations to retirement plans, creating growth opportunities for...
View ArticleSeniors are nation's fastest-growing group of entrepreneurs
For four decades, Jim Ashby worked as a manufacturing floor manager, first for General Motors Corp., then, after a buyout, for an Ingersoll Rand subsidiary. He likes to relax and fish, but Ashby...
View ArticleMore cash-strapped workers dipping into 401(k) accounts
A record number made hardship withdrawals in the second quarter, and the number of of workers who borrowed from their accounts reached a 10-year high, according to Fidelity Investments.
View ArticleBaby boomers near 65 with retirements in jeopardy
Starting in January, more than 10,000 baby boomers a day will turn 65, but many are facing a personal finance disaster just as they're hoping to retire.
View ArticleIndiana University to offer workers buyout plan
Indiana University is drafting plans to offer thousands of university employees a voluntary retirement buyout.
View ArticleBill Mays to retire from Mays Chemical
The most successful black businessman in Indiana plans to retire from the company that bears his name at year-end as part of a transition that ultimately will put his daughter at the helm.
View ArticleFishers named a top suburb for retirees
Forbes magazine said Fishers had the lowest crime rate on the list, average home prices just above $200,000 and a cost of living 10 percent below the national average.
View ArticleWALKER: A watershed 401(k) deadline is hurtling our way
Plan sponsors will face both higher expectations and legal responsibilities.
View ArticleIndiana pension system is country's most conservative
The Indiana Public Retirement System has cut its assumed rate of return from 7 percent to 6.75 percent, becoming the first large pension system in the country to go below 7 percent.
View ArticleUnited Way's Annala planning ambitious final months
Ellen Annala has less than a year to lead United Way of Central Indiana through a multimillion-dollar fundraising campaign and launch a five-year strategy. At the same time, the not-for-profit’s board...
View ArticleIU: Growth of Indiana’s labor force slowing rapidly
The Indiana Business Research Center attributes the predicted slowdown during the next 30 years to an increasing number of baby boomers entering retirement and a cresting of the decades-long rise in...
View ArticleStrong sales of retirement plans boost OneAmerica
A big bet on employer-sponsored retirement plans is paying off for locally based OneAmerica Financial Partners, a company best known for its life insurance offerings.
View ArticleNo more double dips for public pension retirees
The Indiana Legislature has passed a bill that would cut off supplemental benefits for public pensioners in their second careers — a practice commonly known as double-dipping.
View ArticlePoll: Half of older workers delay retirement plans
Some 82 percent of working Americans over 50 say it is at least somewhat likely they will work for pay in retirement, according to a poll released Monday.
View ArticleState pension board postpones decision on annuities
Indiana pension officials say they want more information from lawmakers before they consider abandoning a plan to privatize one part of a retirement plan for teachers and public employees.
View ArticleChase Indiana chairman retiring
Dennis Bassett, who retires at the end of this month, will tell you things might not have gone well for JPMorgan Chase & Co. if it had imported a New Yorker to run its Indiana operations when it...
View ArticleLawmakers consider state-assisted retirement plan
Senate Bill 66 creates a state-assisted savings plan for retirement. The bill is opposed by the Association of Indiana Life Insurance Companies.
View ArticleBanks scrambling to find experienced workers
Many banks let training languish in an era when consolidation made it easy to snap up veterans. Now, with boomers starting to retire, banks want to pass the baton smoothly.
View ArticleState pension fund sees wave of retirements prior to rate drop
The Indiana Public Retirement System lowered the interest rate on its annuity savings accounts on Oct. 1, possibly contributing to a 35-percent jump in retirements for state and local government...
View ArticleAuer Growth Fund, falling short of name, plans to stay the course
Some fund managers tweak their strategies or fees when things aren't going so well. But don't look for Bob Auer, the fund's 53-year-old senior portfolio manager, to do so.
View ArticleStudent debt may be the next crisis facing older Americans
Twenty-seven percent of education loans held by people age 65-74 were in default in 2013, meaning they hadn’t made a payment in 270 days or more. More than half of education loans held by people 75 and...
View ArticleRetirements, aging population cause nursing shortage
Facing a surge of retiring nurses and a growing number of patients, Indiana hospitals are scrambling to fill thousands of nursing positions, raising questions about whether they will be able to keep...
View ArticleSocial Security recipients to get tiny increase in benefits
Millions of Social Security recipients and federal retirees will get a 0.3 percent increase in monthly benefits next year, the fifth year in a row that older Americans will have to settle for...
View ArticleSurvey: U.S. retirement savings in best shape in years
The surging stock market, which has more than quadrupled since early 2009, has helped increase the value of 401(k) and Individual Retirement Accounts.
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