Today: 1. Jul, 2024
A recent study reveals a concerning trend among middle-aged Americans: they are significantly underprepared for retirement. According to Prudential Investments, many Americans around 55 are facing what is termed a “midlife retirement crisis,” with insufficient savings to sustain a comfortable post-working life.…
The Knesset has approved the first reading of a bill aimed at extending the retirement age for army reservists, ensuring the military’s manpower amid the ongoing war with Hamas in Gaza. This move, however, has sparked controversy, particularly among opposition lawmakers. Legislative…
Record numbers of Australians are entering retirement in a world that is becoming increasingly uncertain and where work-life values are changing. Retirement requires increased planning, and financial security options need early consideration. Developing a Retirement Roadmap “You should try to develop a…
The U.S. economy seems to be splitting consumers into two distinct groups: the haves and the have-nots. This division is particularly evident among retirees, with significant implications for the future. On one hand, a massive wealth transfer is underway, with an estimated…
A federal program for people with disabilities and older adults made its first benefit payments 50 years ago. As we mark this milestone, significant changes to Supplemental Security Income (SSI) benefits are on the horizon, potentially improving the lives of millions of…
In a bold move that defies traditional retirement plans, Grace and Jerry Grady have sold everything they owned to embrace a life of endless adventure aboard the luxurious residential cruise ship Villa Vie Odyssey. This American-Italian couple has decided to spend their…
When contemplating retirement, the security and comfort provided by national pension systems play a crucial role. While many in the United States rely on personal savings and face uncertain financial futures, several countries worldwide offer superior, well-structured retirement plans that ensure a…
A Daunting $38 Trillion Question In an in-depth examination of the current state of retirement funds in the United States, which amasses a staggering $38 trillion, Teresa Ghilarducci, a pension expert and labor economist, reveals a troubling reality. Despite the enormous pool…
In a recent nationwide referendum, Swiss voters have decisively chosen to increase their state pensions, allowing for an extra month’s pension each year. This move, aimed at improving living standards for the elderly, has sparked significant discussion around the country’s economic priorities…
Retirement planning often focuses on finances: how to invest, how much to save, when to claim Social Security, and the best ways to withdraw funds from accounts. However, important aspects that are frequently overlooked are social life and personal relationships. Harvard professor…
