So you’re a boomer who hasn’t saved enough for retirement. No worries. You’ll just work longer. Well, that might not be the ideal solution. Outside factors like a disability, a health crisis with an aging relative or job loss can derail that plan and force a boomer out of the workforce. Further, low-income pre-retirees may need to work way past retirement age to just break-even. “The strategy of planning to work longer could very well be a false hope,” says Katie Libbe, vice president of Consumer Insights for Allianz Life of North America.
The groups are working to get the Secure Act out of neutral.
The companies say a distributed ledger system could be useful in reinsurance.
The publicly traded China Oceanwide unit says it needed cash partly because of the state of the economy.
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