Retirement Weekly: News and analysis for those planning for or living in retirement
From MarketWatch Retirement:
New Alzheimer’s drug shows some promise, but has big price tag. Lecanemab, which will be sold under the brand name Leqembi, will be priced at $26,500 per year. Leqembi has received a slightly warmer reception from the medical community than predecessor drug Aduhelm.
What catch-up contribution? Congressional snafu leaves older retirement savers in limbo. Congress accidentally eliminated a provision that was supposed to let people make extra catch-up contributions to their retirement plans in their early 60s. Instead, the actual law did the exact opposite: As of next year it will make catch-up contributions impossible.
Is virtual reality a way to battle loneliness in older adults? The technology, called Alcove, is a consumer VR product publicly available to families at home through their own VR headsets. Consumers can download Alcove for free. It aims to tackle loneliness and isolation in older adults through connection with family and friends.
Also on MarketWatch:
This style of travel is growing more popular among the 50-plus set, and it can offer a richer, more relaxing experience
This is how the super-rich retire
What the end of the government’s COVID emergency could cost you
Feeling insecure about retirement? 6 ideas for getting unstuck
Tom Brady says he’s retiring—‘for good’
ETFs are cost-effective and easily available—when should they be in your retirement plan?
More in retirement news:
Column: The stupid and dishonest idea of raising the Social Security retirement age is back (Los Angeles Times)
A Retirement Income Distribution Plan Is as Critical as Saving (Kiplinger)
Wait until age 70 to claim Social Security: ‘The return on being patient is huge,’ says economist (CNBC)
As Asian Societies Age, ‘Retirement’ Just Means More Work (New York Times)
Early Retirement Can Create a Financial Crisis (Yahoo Finance)
This Warren Buffett Lesson Could Be Your Way to a Comfortable Retirement (Motley Fool)
Research and Insight:
Inflation, U.S. Workers’ Recession Fears Force Delayed Retirement (PlanSponsor)
Today’s Employees Expect Retirement Plan Benefit in ‘New Savings Paradigm’ (PlanSponsor)
Investors Who Bet on Bitcoin Fund in Retirement Accounts Pay the Price (The Wall Street Journal)
Their Children Are Their Retirement Plans (New York Times)
Plans Use Digital Nudges to Move Plan Participants Toward Retirement Goals (PlanSponsor)
To share with your family, friends and clients:
Want to save time and money, and enjoy a richer life without sacrifice? Here’s a simple answer.
Wall Street to Jerome Powell: We don’t believe you
I have $6,000 in an old 401(k): Should I do a rollover or convert it to a Roth IRA?
Three questions to ask yourself to help you transition smoothly to retirement
Priscilla Presley contests Lisa Marie’s will excluding her, says signature is ‘inconsistent’
Injections of DNA could be a safer version of Botox
1 out of every 8 older Americans is a junk-food addict, survey finds