News Blog

GRA has compiled a news feed to keep you up-to-date on

the latest financial and retirement news that could affect your wallet

See the latest headlines below.

Thinking of Buying a Fixed Annuity? Ask These Questions First

By GRA News Blog | July 3, 2020 |

Of all the types of annuities out there, a fixed annuity is the one that’s most straightforward. Is it the one that’s right for you? by: Ken Nuss Fixed-rate annuities are popular because of their guarantees, simplicity and higher rates than most competing products. A fixed-rate annuity — also known as a multi-year guaranteed annuity —…

Taking Zinc Can Shorten Your Cold. Thank A 91-Year-Old Scientist For The Discovery

By GRA News Blog | February 11, 2020

The common cold is a top reason for missed work and school days. Most of us have two or three colds per year, each lasting at least a week. Your body needs trace amounts of zinc for cell division and other basic biology. Nobody’s sure how it works to shorten colds. Karl Tapales/Getty Images There’s no…

AARP: Baby Boomers Show No Sign Of Slowing Down

By gregoryricks | February 10, 2020

Older Americans are planning to invest more in travel this year. A new AARP travel trends survey indicates that most Baby Boomers are expecting to spend $7,800 on vacations in 2020, a significant jump from $6,600 in 2019. The annual survey of travel behaviors, expectations and planning also looks at Gen Xers, Millennials and families. Photo by…

Potential Impact of U.S. Tension With Iran

By gregoryricks | February 10, 2020

Today, Iran is the seventh-largest crude oil producer in the world. It is reported to possess about 13% of the world’s oil reserves and currently generates more than 4 million barrels per day. However, that represents only 4% of the world’s total production. The sanctions that President Donald Trump re-imposed on the country last year…

Meet the new IRS tax form specially designed for people 65 and older

By GRA News Blog | February 9, 2020

Yes, it has larger type than the traditional Form 1040 Getty Images/iStockphotoFor the 2019 tax year, your friends at the IRS have introduced the new Form 1040-SR (U.S. Tax Return for Seniors). This exciting development is proof that the Feds care deeply about the tax-filing needs of older folks. Not quite. Actually, Congress required the…

6 Questions to Ask If You Want to Work in Retirement

By GRA News Blog | February 7, 2020

Questions to help you figure out where, and how, to work part-time The percentage of people who work in retirement has been steadily rising for years. And by 2026, the Bureau of Labor Statistics estimates, a whopping 30% of people age 65 to 74 will be in the labor force, up markedly from just 18% in 1996.…

Retirement planning: Millennials are stashing money away earlier than Gen Xers and Baby Boomers

By gregoryricks | February 6, 2020

Younger Americans get a bad reputation when it comes to managing their finances, but it turns out they’re stashing money away for retirement earlier than previous generations, according to a new Bank of America survey. Millennials – Americans between the ages of 24 and 41 – started saving for retirement at 24 on average, well before Generation Xers at…

Teaching financial education in schools finally catches on

By gregoryricks | February 5, 2020

Research shows that kids who learn to manage money when they’re young will be able to better handle their finances as adults. Yet, up until recently, only 17 states required high school students to take a class in personal finance. Now, a new report from the Council for Economic Education found that the number of states that require a high…

Will retirement affect your taxes?

By gregoryricks | February 4, 2020

The deadline for filing your taxes is right around the corner on April 15. Although most of us have filed taxes for decades, retirement can change things. Social Security benefits and withdrawals from certain types of retirement accounts potentially could affect your tax bracket. If tax season has stirred up questions about your financial plan,…

US life expectancy climbs for the first time in 4 years as drug overdose and cancer deaths decline

By gregoryricks | January 31, 2020

(CNN) Life expectancy in the United States edged up for the first time in four years as the number of fatal drug overdoses and six of the 10 leading causes of death declined, according to two new government reports from the US Centers for Disease Control and Prevention’s National Center for Health Statistics. Life expectancy in…

What You Should Know About Variable Annuities

By GRA News Blog | January 31, 2020

Many people are sold a variable annuity with the understanding they will receive a lifetime income stream, which sounds like a good idea when planning for retirement. The truth is there usually is a big price to pay when it comes to variable annuities. The biggest drawbacks include the fees and the potential to lose value…