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Mike Braun, Indiana Republican, told The Washington Times.“ Pushing ideology through retirement and hard-earned investment funds does not make sense to me.”. Mr. Braun is leading an effort by all 49 Republican senators and Democrat Joe Manchin III of West Virginia to scuttle new Labor Department rules that allow 401 fund managers to engage in ESG investing.

Fidelity Investments— a manager of retirement accounts and a Marketplace underwriter— reported that the average 401 account lost 21% of its value last year. Average account balances— for both 401 s and IRAs— fell to around $104,000 in 2022, according to Fidelity Investments. That low level of retirement savings, "It'll scare the daylights out of you," said Greg…

When individuals retire, they not only walk away from work, but also relinquish thier steady paychecks. The average 65 year-old couple who retired in 2021 in the United States can expect to spend $300,000 on health care and medical expenses during retirement. The financial resource The Street says other studies suggest it’ s wise for retirees to plan to spend…

TALLAHASSEE- In a high-stakes debate, the Florida House on Friday began moving forward with a controversial plan designed to shield businesses and insurance companies from costly lawsuits. The plan comes after years of business groups calling Florida a "judicial hellhole" because of the frequency and costs of lawsuits. Ashley Gantt, D- Miami, said insurance…

Ohio's five public pensions systems collectively lost $32 billion in the tough investment market last year− huge losses that will take years to recover. The biggest loss occurred with the biggest system, Ohio Public Employees Retirement System, which lost $19.7 billion. State Teachers Retirement System of Ohio lost $9.5 billion, which represents 9.64% of the…

A report by temp and staffing agency Randstad USA shows that 70% of workers are rethinking their retirement plans as they feel their present financial situation is delaying their plans to retire earlier. "There are people that are pushing the retirement age out," said Jennifer Brock, president of Georgia- based human resource consulting company Human…

Wes Thompson, administrator of Valley View Home in the northeastern Montana town of Glasgow, believes the only reasons his skilled nursing facility has avoided the fate of the 11 nursing homes that closed in the state last year are local tax levies and luck. And when the Hi-Line Retirement Center in neighboring Phillips County shut down last year as the…

–Papaya Global, the SaaS fintech company providing global payroll and payments technology, announced today its new premium health care benefits plan. With this singular global plan, Papaya's clients can offer their employees employer-sponsored, customized international health insurance in over 160 countries while eliminating the complex,…

–eHealth, Inc., a leading private online health insurance marketplace, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2022. A webcast and conference call will be held today, Tuesday, February 28, 2023 at 8:30 a.m. Eastern/ 5:30 a.m. Pacific Time. Investor Relations Contact: Kate Sidorovich, CFA Senior Vice…

DENVER– The United States Attorney's Office for the District of Colorado announces Richard Rejan Nieto, age 37, formerly of Morrison, has been indicted on three counts of wire fraud and five counts of money laundering for taking money that he received as a result of fraudulent Paycheck Protection Program applications he submitted. The CARES Act expanded…

NEW YORK- Can the Federal Reserve keep raising interest rates and defeat the nation's worst bout of inflation in 40 years without causing a recession? Key U.S. inflation measure surges at fastest rate since June. WASHINGTON- The Federal Reser ve's preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures…

In 2020, the Federal Reserve took unprecedented measures as it propped up an economy halted by the COVID-19 pandemic. As Fed Chair Jerome Powell told the Brookings Institution's David Wessel at the time, "There's no limit on how much of that we can do other than that it must meet the tests under the law." One showed Jerome Powell, making a consternated face and…

With the Federal Reserve raising interest rates at a relatively quick pace to combat inflation, farmers and ranchers have faced some different calculations when making decisions about their operations. Lance Albin is president of UMB Bank's agribusiness division and is based in Kansas City. University of Illinois ag economist and professor Bruce…

Greenbelt, Maryland– A federal jury in Maryland has convicted Diape Seck, age 29, of Rockville, Maryland for his role in a bank fraud scheme in which he and his co-conspirators obtained or attempted to obtain almost $2 million by fraud, including by stealing checks from the mail of churches and religious institutions. The guilty verdict was announced by Erek L….

PROVIDENCE, R.I.– A West Warwick man who admitted to a federal judge that he participated in a conspiracy to use the stolen identities of others to gain COVID related unemployment insurance benefits was sentenced today to three years in federal prison, announced United States Attorney Zachary A. Cunha and Rhode Island Attorney General Peter F. Neronha.

A federal grand jury in Charlotte returned an indictment yesterday charging a North Carolina man with masterminding and directing a massive scheme to deceive state insurance regulators and defraud thousands of policyholders and others in connection with insurance companies he controlled. Lindberg allegedly deceived the North Carolina Department of…

Adani Group is on a roadshow to reassure international investors after the short-seller Hindenburg Research launched allegations of fraud. A month after accusations of fraud, stock-market manipulation and money laundering were launched by the New York short-selling investment firm Hindenburg Research, Adani Group has not succeeded in allaying…