thelifesettlementnetwork.com » Pension http://www.thelifesettlementnetwork.com Tue, 20 Oct 2009 12:38:05 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Pension Relief Bill Proposed http://www.thelifesettlementnetwork.com/pension-relief-bill-proposed/ http://www.thelifesettlementnetwork.com/pension-relief-bill-proposed/#comments Tue, 25 Nov 2008 02:34:03 +0000 http://thelifesettlementnetwork.com/blog/?p=5 Four senators have introduced the “Worker, Retiree and Employee Recovery Act of 2008″ aimed at helping individuals and employers deal with falling retirement balances.

This bill would give retirement plan owners 70 1/2 or older more time to take distributions, eliminating the minimum requirement for retirees to sell assets while the market is down.

The affect on the life settlement market is interested and eligible seniors will likely receive higher offers as less seniors turn to settlements as a source of cash.  We make adjustments to our life settlement calculator as necessary to reflect this changing market.

Expect updates to this development in the next couple of weeks.

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