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In 1994, a financial planner named William Bengen published a paper that would take the retirement planning industry by storm. The paper had a simple but powerful idea: using average returns and inflation in retirement planning can mislead retirees with disastrous results. Bengen's conclusion, based on U.S. data, was that for a 30- year retirement, a person…

Joel Thornbury, a Pikeville pharmacist, receives a flu shot in his NOVA Pharmacy. (Provided by Joel Thornbury)Pharmacist Joel Thornbury said his role is far more than filling prescriptions at the NOVA Pharmacy he owns in Pikeville — he’s a readily accessible source of health services and advice in his community. “When you call me, you get me,” said Thornbury, a…

A Federal Judge has denied Elon Musk's Request to Dismiss a proposed Class-Action Lawsuit, alleging He Defrauded Twitter Investors, before Buying the company last year. In a Decision released Monday, U.S. District Judge Andrew Carter said Musk must face a Lawsuit from Shareholders who sold Twitter Securities while Musk allegedly Concealed His Ownership Stake in the company. The…

A federal district court Monday ruled against a Trump-era exchange policy that allowed insurers to refuse to count the full value of drug manufacturer co-pay coupons toward beneficiaries’ maximum out-of-pocket costs and has remanded the rule to HHS. Patient advocates who backed the suit cheered the decision and called on CMS to immediately issue…

Blue Shield will also be the helmet partner for the Kings’ AHL affiliate, the Ontario Reign, for both home and away games. Blue Shield has been the Kings’ exclusive health insurance partner since the start of the 2017-18 season. Under the renewal, the insurer will remain a founding partner of L.A. Live, the mixed-use development around Crypto.com arena owned by AEG,…

These securities are on track to post their biggest monthly jump in a year. However, that benchmark is down 340 points, or 7.5%, from its peak that occurred when the Federal Reserve dropped the term recession from its forecast last July 26. The pullback in the U.S. bond market also accelerated last week after the Federal Reserve signaled that it would cut rates much…

An Orange County doctor was charged last week of allegedly defrauding a federal COVID-19 healthcare program for uninsured patients by submitting false claims in a scheme that netted him about $150 million, according to the U.S. attorney's office. Anthony Hao Dinh, 64, of Newport Beach is facing 12 counts of wire fraud, five counts of money laundering and a count…

He was so loquacious that the judge overseeing his upcoming fraud trial revoked bail, forcing him from his parents' home in Stanford, Calif., and into a federal detention center in Brooklyn. Bankman-Fried had shared the personal diaries of his former romantic and business partner, Caroline Ellison, with the New York Times- a move prosecutors characterized as an…

The cost of car insurance in Mexico registered its highest annual increase in more than 23 years in August, according to data from the National Institute of Statistics and Geography. During the reference period, it showed an annual increase of 16.91 percent, the highest increase since February 2000, that is, in 282 months. In the second quarter of the year alone,…

The president of the Minneapolis district of the Federal Reserve, Neel Kashkari, said on Wednesday 27 in an interview with CNN that there is a risk that US interest rates will need to rise further if the increases already implemented do not slow down the economy as expected. On the other hand, Kashkari pondered that a possible US government shutdown or extended…

Gavin Newsom and Insurance Commissioner Ricardo Lara announced plans Thursday to overhaul regulation of California’ s collapsing home insurance market over the next year, handing insurers some long-sought changes in rate approval while attempting to extract commitments to extend coverage in the wildfire ravaged state. “It is painfully clear the current…

Paying for health care can be challenging— but are you taking full advantage of all the resources available to you? In fact, you can carry your HSA with you all the way until retirement, when you can use the money to pay for qualified expenses that Medicare or Medicare Supplement Insurance doesn't cover. In 2023, you can contribute up to $3,850 to an HSA, or $4,850 if…

The unstable financial markets in the United States during the past few years have people keeping a wary eye on their retirement accounts and, increasingly, they are doing so via mobile apps, according to the J.D. Power 2023 U.S. The company said the study found that improved market performance has helped lift overall satisfaction with retirement plan digital…

In exchange, the Department of Insurance will allow companies to charge more to cover the rising costs of doing business in a fire-ravaged state. Lara called the package of new proposed regulations“ the largest insurance reform” since 1988, the year California voters passed a proposition requiring insurance companies to get prior approval before raising…

Alex Murdaugh, the disgraced South Carolina former lawyer convicted of murdering his wife and son to distract from massive fraud, has agreed to plead guilty to nearly two dozen federal charges alleging he bilked millions from his clients. If a federal judge approves the deal at a hearing Thursday in Charleston, the 54- year-old would face more than 30 years in…

Mitchell Green, 44, of Westport, entered a guilty plea Sept. 18 before U.S. District Court Judge Michael Farbiarz in Newark federal court on one count of wire fraud, U.S. Attorney Philip Sellinger said in a news release. Court documents did not identify the company by name, stating only that it was a Hoboken business owned by“ an internationally recognized music…