The Coming Baby Boomer Retirement Crisis? Avoid Early Withdrawal Traps

Between 1946 and 1964, more than 76 million American children were born. The first of these "Baby Boomers" begin to reach the historic retirement age of 65 in 2011. By 2030 all boomers will be over 65 and will represent an estimated 20 percent of the population. Two recent reports point...

How Financial Decisions Can Adversely Impact Not Only Your Income Taxes but Medicare Premiums & Social Security Tax

Retired taxpayers may be surprised to learn that financial decisions can adversely impact not only their income taxes, but their Medicare premiums and social security tax. A significant financial income increase, resulting from the sale of investment assets (stocks, bonds, real estate, etc.), portfolio...

Claims Expert, Eva LaBonte, Identifies Challenges Associated With America's Aging Workforce at National Workers' Comp Conference in Las Vegas

On November 11, 2010, Eva LaBonte, Risk and Benefits Analyst for Clean Water Services (Hillsboro, Oregon), presented an informative lecture entitled, "Will You Still Need Me When I'm 64? Workers' Comp for an Aging Workforce," at the 19th Annual National Workers' Compensation and...

Bankruptcy after Retirement Not a Bad Idea?

I always enjoy being challenged by a reporter with insightful questions. Cindy Perman does a fantastic job at it. Throughout her interview, she kept digging down on the advantages and disadvantages that seniors would have in filing a bankruptcy case. I regularly recommend that filing a bankruptcy...

Senator Collins Shines Light On Federal Workers Comp Waste

Senator Collins suspects some recipients gaming the system, seeks reforms to bring overly generous federal system in line with states WASHINGTON, D.C. - U.S. Senator Susan Collins, Ranking Member of the Homeland Security and Governmental Affairs Committee, has called for a thorough review of the program...

Credit Card debt Crippling Retirement?

Oftentimes the oldest generation of Americans are seen as the most frugal - they experienced the Great Depression, they abhor debt, they saved their pennies, and while they may now be living off of social security, at least they don't owe anyone money. A New York Time blog post in The New Old Age...

Nuns Sue Boston Archdiocese Over Retirement Funds

BOSTON - (AP) An order of Roman Catholic nuns has sued the Boston Archdiocese and Cardinal Sean O'Malley after years of failed efforts to withdraw from a church-run pension fund. The Daughters of St. Paul have asked the Supreme Judicial Court to order pension plan trustees to provide them. . . ....

Cal. Comp. Cases April Advanced Postings (4/6/2011)

Here’s the second batch of advanced postings for the April 2011 issue of Cal. Comp. Cases. Lexis.com subscribers can link to the cases to read the complete headnotes and summaries. County of Los Angeles, PSI, adjusted by Tristar Irvine, Petitioner v. Workers' Compensation Appeals Board...

Cal. Comp. Cases May Advanced Postings (5/5/2011)

Here’s the second batch of advanced postings for the May 2011 issue of Cal. Comp. Cases. Lexis.com subscribers can link to the cases to read the complete headnotes and summaries. Robert D. Minton, Petitioner v. Workers' Compensation Appeals Board, City of San Diego, PSI, Respondents ...

Five Recent Cases You Should Know About (5/27/2011)

Larson's Spotlight on Contractor Liability, Removal from Labor Force, Negligent and Reckless Hiring, Average Weekly Wage, and Compensable Claim. Larson's surveys the latest case developments that you need to know about. Thomas A. Robinson, the staff writer for Larson's Workers' Compensation...

The Great Recession Hurts Those Soon to Retire, Even if They Don’t Lose Their Jobs.

A recent report from the Urban Institute suggests that the effects of the recession will be felt for several decades, especially by those who are now ages 60-65. Even for those fortunate enough to remain employed, individuals nearing retirement will find that their Social Security benefits, pensions...

Larson’s Spotlight: Top 10 Cases for 2011 That You Should Know About

It’s time to look back on the past year’s top cases to help us identify possible national trends. While many of these cases are state decisions, there are far reaching implications to be found in each of them. Here’s our selection for the top 10 workers’ comp cases that you should...

State Net Capitol Journal: Courts Reject Ambitious Pension Reforms

A pair of district courts have ruled that recent public pension reforms in Arizona and New Hampshire boosting the share current workers must contribute toward their retirement are unconstitutional. The courts ruled that both states broke their contracts with public employees because the contracts guarantee...

Sarasota Florida Ranked as Best Place to Retire

Sarasota Florida came out on top of a list of best places to retire that was produced by a national website, with Venice Florida not too far behind. The list by TopRetirements.com was cited in a recent national report by MarketWatch, part of Dow Jones & Co. In Sarasota's favor at the No. 1...

Surprise: Study Shows Oldest Baby Boomers ARE Retiring

Surprise: Contrary to conventional wisdom, a new study seems to show that the first wave of Baby Boomers, born in 1946, isn't shunning retirement. They're retiring, despite expert predictions that they would not. According to the 2011 MetLife Study of Baby Boomers at 65 , nearly half are now...

Williams Mullen: Retirement Plans’ Fiduciaries Are Found Liable to Plans for $36.9 Million: Tussey v. ABB, Inc.

BY: MARK S. THOMAS & ROBERT W. SHAW In Tussey v. ABB, Inc. , No. 2:06-cv-04305 (Western District of Missouri, March 31, 2012) [ enhanced version available to lexis.com subscribers ], a class action case brought by present and former employees of ABB, Inc., the U. S. District Court for the Western...

Plan for Retirement Even as You Start Your Legal Career

As lawyers reach their 60s, many start to plan for retirement. But consider a recent USA Today headline: "Seniors Decide Retirement Doesn't Suit Them, Keep Working." On that point, you may have read of the recent retirement from private practice of 90-year-old Arlin M. Adams, a former judge...

State Net Capitol Journal: Helping Workers Help Themselves

When Dr. Dena Davidson graduated from the University of California, Berkeley School of Optometry in 1995, her expectations were pretty reasonable. "I knew being an optometrist was not going to make me rich," she says. "But I felt I would be fairly comfortable." To her, that meant...

Larson’s Spotlight on Recent Cases: Worker Awarded Additional Benefits When Retirement Not Voluntary

Larson's Spotlight on Retirement, Tort Action Against Carrier, Toxic Tort and Exclusive Remedy, and Snake Bite. Larson's surveys the latest case developments that you need to know about. Thomas A. Robinson, the staff writer for Larson's Workers' Compensation Law , has compiled the list...

Dont Count on an Inheritance as Half of Americans Die Broke

If you want the best retirement outcome possible, get rich. If that fails, consider getting married, staying married-and doing your best to die before your spouse does. That last is not entirely serious, but the general take-away is that being married pays off in retirement. For example, remember...

State Net Capitol Journal: Snyder Says MI Will Appeal Retiree Health Ruling

Michigan Gov. Rick Snyder (R) said his administration intends to appeal a Michigan Court of Appeals ruling [ AFT Mich. v. State , 2012 Mich. App. LEXIS 1632 (Mich. Ct. App. Aug. 16, 2012) [ enhanced version available to lexis.com subscribers ]] that declared unconstitutional a 2010 law requiring school...

Larson’s Spotlight on Recent Cases: Uninsured Employers’ Fund and Insolvency of Employee Leasing Company’s Workers’ Comp Carrier

Larson's Spotlight on Uninsured Employers' Fund, Voluntary Withdrawal From Labor Market, Bad Faith, and Going and Coming. Larson's surveys the latest case developments that you need to know about. Thomas A. Robinson, the staff writer for Larson's Workers' Compensation Law , has compiled...

Larson’s Spotlight on Recent Cases: No Offset Against Workers’ Comp Benefits Allowed for Unemployment Benefits

Larson's Spotlight on Offset, Retirement, Independent Contractor, and Choice of Law/Forum. Larson's surveys the latest case developments that you need to know about. Thomas A. Robinson, the staff writer for Larson's Workers' Compensation Law , has compiled the list below. ...

Nearly Half Immigration Judges Eligible to Retire

"The nation's already backlogged immigration courts might soon be thrown into more havoc as roughly half of their 220 judges will be eligible for retirement next year. The Executive Office for Immigration Review, which oversees the nation's 59 immigration courts, says the court already...

State Net Capitol Journal – August 4, 2014; States Backing IRA-Style Plans For Workers Without Retirement Accounts

Budget & Taxes STATES BACKING IRA-STYLE PLANS FOR WORKERS WITHOUT RETIREMENT ACCOUNTS: Inspired by his Aunt Francisca — who spent much of her 74-plus years cleaning houses for people whose retirements were well-provided for but who had only Social Security to count on herself — California...