Articles
More older Americans face a solo retirement; are they prepared?
More than 16 million older Americans are aging alone, and 80% have not planned for household or health care assistance. “This topic scares the heck out of people,” said Mary Clements Evans, a Certified Financial Planner and behavioral finance expert. “It’s not just a financial time bomb, it’s an emotional one too.” Evans is the founder and […]
Bristol-Myers retirees win round in lawsuit over $2B Athene annuity deal
A lawsuit brought by former Bristol-Myers Squibb employees can continue, a New York judge ruled on Monday. Plaintiffs established a case that turning their pensions into Athene annuities pose a risk to their retirement earnings, the judge said. The case is the second pension risk transfer ruling in as many weeks from New York federal […]
CVS Caremark sued for dropping coverage of sleep apnea drug
Plaintiffs are going to court to challenge CVS Caremark’s decision to stop covering Zepbound, a weight-loss drug that is also used to treat sleep apnea. Plaintiff Martin Hamburger filed his lawsuit in the U.S. District Court for the District of Columbia, alleging violations of the Employee Retirement Income Security Act. Excluding coverage for Zepbound violates […]
Government shutdown brings volatility, caution – and investor angst
As Washington comes to a standstill once more, investors face a familiar but unsettling question: How should they approach the markets during a government shutdown? The current standoff, focused on heated disagreements over federal health care policy and funding, has already closed non-essential operations, put workers on furlough, and shaken investor confidence. Still, history shows […]