Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Ask Rusty: About Retroactive Social Security Benefits
Dear Rusty: Both my wife and I are age 67 1/2 (i.e.: past our full retirement age (FRA) of 66 years and 6 months). Neither of us have yet filed for Social Security (SS) retirement benefits. My wife is entitled to about $1,000 per month based on her work history, and I plan to wait […]
Ask Rusty: Signing up for Social Security and Medicare Part B at 70
Dear Rusty: I just turned 69 years old in August 2024 and am still working full time. I signed up for Medicare Part A, but it is my secondary insurance because I have great health insurance through where I work. My wife is retired and has Medicare Part A but, is on my insurance also,
VIEWPOINT: NLRB General Counsel Continues Challenge to Non-Competes
Announces position on sign-on bonuses and other “stay-or-pay” provisions The National Labor Relations Board (NLRB) General Counsel Jennifer Abruzzo issued a memorandum in May 2023 advancing the position that non-compete agreements between employers and employees that limit employees from accepting certain jobs at the end of their employment, interfere with employees’ rights under Section 7
VIEWPOINT: Estate planning is a key component of financial wellness
As we enter National Estate Planning Awareness Week (Oct. 21-27), this is a good time to help the public understand what estate planning is and why it is such a vital component of financial wellness. A Roper poll commissioned by the American Institute for Certified Public Accountants found that two-thirds of Americans over age 65
VIEWPOINT: Marriott’s Wake Up Call: FTC Fines it $52M for Delinquent Cybersecurity Practices
In a settlement with Marriott International and its subsidiary Starwood Hotels and Resorts Worldwide, the Federal Trade Commission (FTC) will require Marriott to implement a new comprehensive data-security program. The settlement stems from a series of data breaches spanning from 2014-2020, in which the FTC alleges bad actors accessed over 339 million consumer records, including
VIEWPOINT: ED Delays Financial-Value Transparency and Gainful-Employment Reporting
The U.S. Department of Education (ED) recently announced a revised deadline for submitting required data under the Financial Value Transparency and Gainful Employment (FVT/GE) rules. The new deadline for institutions to report and review Completers Lists has been extended to Jan. 15, 2025 — moving from the previous deadline of Oct. 1, 2024. This change
Ask Rusty: Will My Wife’s Survivor Benefit Dip After Taking SS Early?
Dear Rusty: I claimed Social Security (SS) at age 70. My wife claimed her own SS at 62, and her earnings were significantly lower than mine. I understand my wife will be eligible to claim my benefit if I pass before she does, but will Social Security reduce that benefit because she didn’t wait until
VIEWPOINT: Taking an AI approach to digital marketing
The rise of AI-generated copywriting and video scripts has been rapid and, in some corners, difficult to keep up with. Marketers who are not yet familiar with generative AI and large language models are already falling behind their peers. Harnessing these tools can make the creative process for marketers more efficient and, in many cases,
VIEWPOINT: Ask Rusty: Should my Husband File and then Suspend His SS Benefits?
Dear Rusty: My financial advisor recently used a computer program that told my husband to take his Social Security (SS) at age 68, then suspend it after a few months. What I understood was if my husband started and then stopped taking distributions, he would earn delayed retirement credits (DRCs) and thus get more at
VIEWPOINT: Reinventing Downtown Syracuse
Downtown Syracuse is experiencing a transformation. Over the past few years, I have observed our city reinvent its landscape into a vibrant community filled with remarkable places for exploration and attractive real estate for residency. Our goal is to develop a flourishing downtown area that is diverse and welcoming to all. The revitalization of downtown
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.