If you're fortunate enough to have access to a 401(k) through your employer, take full advantage of it. Only around 53% of workers over the age of 22 have access to a defined contribution plan, such as a 401(k), according to a Pew survey. Of those who have access to this type of plan, however, [...]
Nearly one-quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals' retirement plans and the realities of aging in the workforce. Experts say illness, injury, layoffs and caregiving responsibilities often force older workers to leave their jobs sooner than they'd like.
Palatine police Chief Alan Stoeckel offered thoughtful advice for young officers as he headed into retirement earlier this week. Stoeckel, 56, was feted by his colleagues in a retirement ceremony Monday at police headquarters. Police department veteran David Daigle took over as chief Tuesday. Before he headed out the door, Stoeckel touched on something he [...]
As America’s workforce experiences a shift in the way jobs are structured — such as the advent of the gig economy, for example — the prospects for retirement are also changing. This has several implications for anyone thinking about life after work.
A retiring Vermilion police sergeant passed the torch to his son in an emotional sign-off video Monday. Sgt. Jeff Chandler retired after 35 years of service. In a post on Facebook, the department said: “We thank Sgt. Chandler for his dedicated service and over 20 years of leadership as a Sergeant. We wish him the [...]
The world of retirement savings recently reached a significant milestone that has important implications for workers and retirees: For the first time, assets in defined-contribution savings plans represent more than 50% of all retirement plan assets globally, according to Willis Towers Watson. While some defined-benefit pension plans still exist, many more workers today have to [...]
The I.U.P.A. looks out for the best interests of Law Enforcement Professionals across this great nation and its territories, not only during their careers, but their retirement concerns as well. That means that we remain apprised of current and upcoming legislation that affects both active and retired law enforcement. Through this diligence, we have maintained [...]
As I prepare to step away from my career as a law enforcement officer after 21 years, I felt an overwhelming need to share my experience with as many others as possible. For me, there have been four steps I have taken during my police career that has allowed me to leave physically and mentally fit so that [...]
Retirement is a big change for any professional. But in public safety, it seems to hit even harder. Perhaps that’s because so many firefighters, police officers and corrections officers retire young, with many good working years ahead of them. The transition is also complicated by the fact that public safety work creates tightly knit communities of [...]
Thirty years ago this month (June), I lost one of my best buds. Most of our readers know that I spent a good portion of my days working undercover, initially as a “white” shield patrolman and finally as a “gold” shield detective. One of the guys I worked with was a top notch narc. Ron [...]