401(k) contribution limits raised by $500

AARP ran an article this morning about how next year’s contribution limits for 401(k)s has gone up $500. If you are already over 50, you’re entitled to make extra contributions.  Those catch-up contributions will go up to $6000 a year for 401(k) plans beginning next year.  The annual contributions for IRAs will remain the same…

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Nursing home chain agrees to pay $38 million to settle government claims of deficient care

The nursing home chain, Extendicare, which owns 150 nursing homes in 11 states including 15 facilities in Washington, has agreed to pay $38 million to resolve federal claims that it inappropriately billed Medicare and Medicaid for substandard care and unnecessary therapy. A federal investigation found that the company failed to provide appropriate care, follow safety…

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More Americans are choosing not to retire

Increasingly my conversations with my contemporaries are around retirement, specifically the lack of desire to retire. Some people might consider believing we won’t retire or at least that we won’t retire for years after any official retirement age as pessimistic but at least part of the lack of desire to retire has something to do…

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