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New York State enacted new rules for hiring retired public employees, reporting attorney information and granting waivers. Public employers, including school districts, should become familiar with the new requirements and carefully review them before hiring retirees.

NEW REPORTING REQUIREMENTS

People today are living longer, 80 is the new 70.  Therefore, new thoughts and strategies must be given to the subject of how people can make certain that their retirement income distributions are protected against a loss of assets.  This loss would result in a reduced flow of income that will adversely affect their lifestyle during retirement

If it seems like all the attention has previously been placed on accumulating assets, you’re right!  Emphasis by brokers as well as investors has always been on tax deferred growth, highest returns and lowest expenses, with hardly any attention paid to better managing risks or distribution planning  

I keep hearing from clients that the stimulus package sounds great in concept, but what is in it for them? All of the media attention is focused on bailing out the banks and big business, and I would have to agree that the news is dwelling on rescuing Wall Street and the like. But that being said, the stimulus plan does offer individuals and small businesses more tax credits, reductions and incentives than any that I can remember in my lifetime.

Consider that in the package are tax credits for education, health care, housing and more. There is extended aid for the unemployed and generous concessions for retirees. The plan also includes job programs, debt