“Why aren’t you signed up for the 401(k)? I’d never be able to run that far.”
-Scott Adams
Welcome to the March Edition of Ryan’s Retirement Ramblings – The monthly newsletter that will bring you the latest developments from the qualified plan space & provide updates for the retirement team at Wheeler Retirement Plans.
On A Personal Note…
I had the opportunity this past month to watch my first Division 1 Women’s Basketball Game Live. Minneapolis hosted the Big 10 women’s tournament and I took in the Iowa/Penn State Quarterfinal at the Target Center. Watching Caitlin Clark’s impact on the basketball court was mind blowing but that paled in comparison to her reach off the court. I stood in line for over 1 hour just to enter the facility. During that time, I saw hundreds of little girls, boys and adults sporting Caitlin Clark merchandise. Her economic, social and athletic impact is unmeasured. I was honored to watch her play and blown away at the speed and skill on display. I will be taking my daughters to another game in future….you can book it.
Avoiding Social Media Pitfalls in Retirement Planning
Americans are increasingly getting financial and retirement planning guidance from social media, risking exposure to misinformation, harmful advice and outright scams. Alarmingly, this includes almost eight in 10 millennials and Gen Zers. Workers turning to these platforms can undercut the benefit….
The Graying of the American Workforce
The Silver Tsunami is headed ashore, as “Peak 65” is expected to usher in an average of 11,000 retirement age Americans daily through the end of 2024 — the highest ever recorded. And a lot of them plan to keep working. Pew Charitable Trusts reports that 62% of workers 65 and older are engaged in full-time employment versus 47% in 1987 -…..
Helping Young Americans Save for Retirement Act
Senator Bill Cassidy (R-LA), the Ranking Member of the Senate Health, Education, Labor and Pensions (HELP) Committee, and Senator Tim Kaine (D-VA), a member of that committee, introduced the Helping Young Americans Save for Retirement Act.
Sponsors of 401(k) plans would have to permit employees as young as 18 to make contributions under the bill. However, their involvement would be restricted…..
Participant Corner
7 Tips to Prepare You for Retirement
A secure and happy retirement requires careful planning and is a well-constructed process. Starting now will give you plenty of time to make the strategic changes and improvements that will bring your retirement goals closer to reality. Here are seven things you should know to strengthen your retirement strategy.
Mr. C’s Movie Review
This review might be a little off the beaten path compared to past write ups but this series was a hoot. For all the gamers out there, this is a walk down memory lane. Twisted Metal is based on the hit PlayStation gaming franchise featuring Sweet Tooth himself. John Doe (played hilariously by Anthony Mackie of Marvel fame), a motormouthed delivery man with no memory of his past, is offered a once-in-a-lifetime opportunity to make his wish of finding permanent home come true, but only if he can successfully deliver a mysterious package across a postapocalyptic United States wasteland. Each episode follows his journey through the various “New” cities, Vegas, Topeka, Chicago etc. On his way through Vegas, John is car jacked and thus begins his adventures with the appropriately named Quiet (Stephanie Beatriz of Brooklyn 99 fame). Quiet, a trigger-happy car thief searching for revenge, the two “heroes” traverse the nation to deliver and pick up the package that will finally bring John Doe peace. They face twisted marauders driving vehicles of destruction and other dangers of the open road (queue ex-girlfriend music), including a highway patrolman (an over the top deranged Thomas Haden Church) and a deranged clown who drives an all too familiar ice cream truck. It’s a ride of ridiculousness that is worth the weekend binge watch.
On a Scale of “Like It”, “Love It”, or “Gotta Have It”…..I give this show a “Love It”. The absurd amount of gore will turn certain folks away from completing the journey. It is splatter punk but with a fair amount of comedy. If nothing else, stay for the Will Arnett voiced Sweet Tooth, a serial killer with a sense of humor.