After 30 years, it was time for a solar refresh.

Gable Steveson, who won the coveted Hodge Trophy an unprecedented two times, is not quite ready to bring his wrestling career to a close.

A Canadian couple spends two of their retirement years with OM in Italy, learning that it’s never too late to change the world around them.

LeGrand S. Redfield, Jr., President of Asset Management Group, Inc, in Stamford, Connecticut has earned the designation of Retirement Income Certified Professional (RICP®) from The American College. Unlike a general financial planning program like the CFP® or ChFC®, the RICP® delves much more deeply into the specific area of retirement income planning. It also trains advisers to plan for potential issues that can have a serious negative impact on a person's retirement plans.

Why did Willie Sutton rob banks? "Because that's where the money is."

Why does the government want to tax your IRA and ROTH retirement savings? Because that's where the money is.

When the income tax first went into effect in 1915, the top rate was a mere 7% and fell only on those making $500,000 a year or more -- that's $13.5 million in today's dollars. The vast majority of Americans paid the lowest 1% rate.

Today, the federal income tax ranges from 10%-37% and that's on top of all the FICA withholding. Today's top rate -- more than five times higher than it was in 1915 -- falls on those making about $500,000.

Which means top rate-payers are paying 5.5 more income tax on about one-thirtieth of the income.

The lowest rate-payers are paying 10 times more on about the same fraction -- and that still doesn't count FICA deductions, which hit the poorest the hardest.

The income tax was sold by early 20th Century progressives as a way to sock it to the rich, but progressives made sure it become a way to sock it to everybody.

You can bet your bottom dollar -- if Congress doesn't confiscate that, too -- that today's "Billionaire Income Tax" is tomorrow's "Tax Your Middle Class Retirement Accounts Before You Even Retire."

Our government is too big, too unaccountable, too incompetent, and entirely dedicated to growing its own power. Anything that can't go on forever, won't.

Small-business owners often are so busy working that they do not take time to plan for their retirements.

But that is clearly a mistake, financial advisers say.

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When it comes to retirement and succession planning, a recent Wells Fargo/Gallup Small Business Index survey suggests that business owners are not necessarily as prepared as they ought to be. Seventy percent of business owners surveyed say they do not have a formal written plan in place outlining what they will do with their business if they decide to retire or can no longer continue working.

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Have you procrastinated about setting up a tax-advantaged retirement plan for your small business? If the answer is yes, you are not alone. Even so, this is not a good situation. You are paying extra income taxes every year that you could easily avoid. However, you still have time to set things right and line yourself up for major tax savings for this year and beyond. This column explains the basics about your tax-smart retirement plan options.

When you cut through all the technical details, you’ll discover that tax-advantaged retirement plans come in two basic varieties:

Defined-contribution plans, which come in several different flavors.
Defined benefit pension plans.

How to choose a retirement plan for your small business

Sixty-nine percent of small business owners have zero to little confidence they will be able to retire comfortably, Paychex found in a survey.

Thirty percent said they were somewhat confident, 21% said they were not at all confident, and 18% fall between somewhat confident and not at all confidentȒadding up to a total of 69%. Only 20% said they were very confident they will have enough money to retire comfortably.

Asked what could help improve their situation, 68% said being able to save more. Other ways they would like to receive financial help were assistance in converting a portfolio balance into monthly income, cited by 10%; guidance on investments and the appropriate savings rate, also cited by 10%; and retirement tools to cover a wide range of expenses, including health care, cited by 8%. Fifteen percent said that nothing would help them feel more confident about retirement.

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The Tax Cuts and Jobs Act (TCJA) was signed into law by President Trump near the end of 2017 and it mostly took effect in 2018. While the TCJA impacts almost every single individual taxpayer to some degree, the changes also significantly impact corporations and small businesses. In some areas, the impact was purposeful and directed. However, in other ways, the TCJA will have both positive and negative secondary effects. One area that could see a secondary or unintended boost due to a new tax deduction (IRC § 199A) for pass through businesses is retirement plans with small business employers.

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For most of us, that means establishing a nest egg in the form of an IRA, 401(k), or both. But a large number of small-business owners have a different sort of backup plan for covering the bills in retirement: their businesses.

An estimated 42% of small-business owners say that their businesses will serve as their personal pensions, so to speak, according to data from New York Life. But that's a dangerous proposition in several regards.

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Small business owners are often so involved with the day-to-day operations of their business, many feel they don’t have the time to look down the road and plan for retirement.

And as a result, some entrepreneurs may never be ready to retire. According to a survey by Manta, one-third of business owners don’t have any retirement plan, and 75% of respondents to a BMO Wealth survey said they had “$100,000 or less” saved for retirement.

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The benefit of working for a large company is gaining access to an employer-sponsored 401(k) – a critical tool that helps millions of workers save for retirement.

But if you are a small-business owner, you should know that you have several tax-advantaged savings plans at your disposal that allow you to sock away substantial funds for your golden years.

Better yet, the annual contribution limits for all of these plans increased in 2019, so now's a better time than ever to start funding one.

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Most working class Americans are employed by companies that either require or offer retirement savings options in the form of a 401(k), 403b), or pension plan. Because these contributions are automatically deducted from the employee’s paycheck, saving for retirement tends to be a rather painless process. Over time, the cumulative effect of regular monthly contributions leads to a nice sized nest egg that can be used in the retirement years.

But for entrepreneurs, the story is a little different. With no steady paycheck or employer-sponsored plans, many of these hardworking individuals forgo retirement contributions.  And though it may not seem like a big deal in the early years, this misstep can prove to be dangerous and irresponsible as entrepreneurs age.

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What is the best retirement plan for a self-employed person? Which is the best retirement plan for a small business owner? More importantly, which is the right retirement plan for you – as a business owner and / or a self-employed individual? Choosing the best retirement plan for you and your personal financial goals will depend on a few factors. Those include how much you can save into a retirement plan, whether or not you have employees and when you are setting up the retirement plan. Is it during the tax year or when filing taxes? To name a few.

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Running a small business or being self-employed can offer flexibility, freedom and control over your earning potential. While the perks are plentiful, there’s one thing thats usually missing when you own a small business: an employer-sponsored retirement plan.

Self-employed people do not have 401(k)s, and small business owners tend not offer them, citing the time and cost to set up and administer them. The good news is there are several other retirement plan options available to small business owners. If you have yet to begin saving for retirement as an entrepreneur, here is how you can change that.

Small Business Retirement Plan Basics

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As many know, Kevin Allen recently announced his retirement from his interview program, Ancient Faith Today. After listening to an interview Ancient Faith Radio did with Kevin announcing his departure, Fr. Tom shares his own thoughts on the state of American Orthodoxy.

John Maddex visits the home of Fr. Peter and Kh. Marilyn Gillquist to talk about the recent announcement by His Eminence Metropolitan Philip of Fr. Peter's retirement as Chairman of the Department of Missions and Evangelism for the Antiochian Archdiocese. Joining them is their son, Fr. Peter Jon Gillquist.

Novak Djokovic says he is shocked and overwhelmed by the news that his "greatest rival" Rafael Nadal will retire at the end of the season.

Former Commonwealth Games squash silver medallist Tania Bailey announces her retirement from the sport.

What do you picture when you hear the word retirement?  You might have a vague plan of traveling around the country visiting grandkids. Or maybe you long for the day when you’ve saved up enough money to quit a job you hate. Some of you might feel anxious because you’re not prepared. Now, hear me out: It’s never too late to start saving for retirement. And if you feel behind, don’t panic! Getting ready for retirement will take planning and sacrifice, but you can do it.   To get you started, here...

Dear Dave, I have $11,000 in a mutual fund account that is not a retirement account. My wife has a retirement account through her job as a teacher, but I do not have one at all. We’re in Baby Step 2, so should we cash out the $11,000 in the investment account to help pay off debt? Chris Dear Chris, If this money is designated as non-retirement funds, I’d say go ahead and cash it out. Use the money to pay down debt, and continue to stay focused working the Baby Steps. Get that debt paid off,...

Five critical decisions that can sabotage your exit and retirement.

Is your company ready for your departure?

The entire process of exit planning can be bogged down with the technical jargon of accounting, law, tax codes, estate planning, insurance and financial planning.

Portsmouth, England — Frequent musculoskeletal pain may lead people to retire or leave the workforce early, results of a recent study by British researchers show.

Ardent Mills is conducting both an internal and external search, and the board seeks to announce a new CEO in the near future. 

Combined, McEvoy and Jankowski bring more than 50 years of exceptional contributions to Sargento. They will continue to provide strategic counsel by staying on as advisors to the senior leadership team through the end of the year.

Denzel Washington is retiring after his next few projects, he said in a recent interview.

Wrestler Gable Steveson, who won a gold medal at the Tokyo Olympics in 2021, is coming out of retirement. Steveson will compete for the University of Minnesota for a fifth and final season. 

Commissioner Barger was recognized as �a leader with insight and determination� and a person of �trust, integrity, responsibility, and concern for fellow citizens� in a Distinguished Public Service Award presented to him during the meeting.

Neil Pedersen, executive director of the Transportation Research Board (TRB) of the National Academies of Sciences, Engineering, and Medicine, announced he will retire in the early fall of 2022. The National Academies will launch a nationwide search for Pedersen’s successor.

Legend Retires but keeps his finger on the pulse of technology

Company Was Founded by CEO Jaime Raskulinecz to Help More Investors Diversify Their Portfolios By Including Non-Publicly Traded Alternative Assets Within Their Retirement Plans

Michael G. Botwinick, CFP, is lauded for his contributions to the financial sector as a distinguished wealth advisor

Survey asked over 230 fee-only and hybrid advisors, broker-dealers reps about "Fiduciary Rule"

The Transformative Leader Leaves a Lasting Impact

A growing number of workers are reaching retirement age around the globe. At the same time, many countries face a worker shortage, especially in critical areas like health care. Ken Dychtwald, cofounder and CEO of Age Wave, says it’s time for companies to stop overlooking this valuable labor pool, because AI alone won't alleviate the tight supply. He explains why many late-career people want to work longer. And he shares creative and often simple ways that companies can keep older workers engaged, including phased retirements, non-ageist recruiting, mentorship programs, and grandparental leave. Dychtwald is a coauthor of the HBR article "Redesigning Retirement."

A New York appellate court upheld a finding that a police officer’s retirement was voluntary and not caused by his prior duty-related injuries. Case: Matter of Carroll v. Nassau County Police Department, No.

The Rhode Island Superior Court upheld a denial of accidental disability retirement benefits to a former Department of Motor Vehicles employee. Case: Williams v. Employees’ Retirement System of Rhode Island, No.

"Work Comp Matters" - the central location for all your workers' compensation, employment and labor law matters. Steve Appell hosts this weekly podcast from sunny southern California - presenting some…

The Minnesota Public Utilities Commission approved Xcel Energy’s 2019 Integrated Resources Plan (IRP), which guides the utility’s direction over the next 15 years.

WASHINGTON, D.C. -- In response to the announcement by Rep. Mike Doyle (D-PA-18), chairman of the House Communications and Technology Subcommittee, that he will retire from Congress upon the completion of the current congressional term on January 3, 2023, the following statement can be attributed to NAB President and CEO Gordon Smith: