Today: 28. Sep, 2024
The Indian government has introduced the Unified Pension Scheme (UPS), a significant move closely resembling the Old Pension Scheme (OPS). This shift promises lifelong financial security to government employees, ensuring they receive 50% of their last drawn pay as a monthly pension…
Creating a solid retirement plan today is essential for a comfortable and financially secure future. A 2023 Bankrate poll revealed that more than half of Americans feel “behind” in retirement savings. Given the possibility of spending as many years in retirement as…
Starting today, members of the Defence Forces, firefighters, and prison guards can extend their retirement age from 60 to 62. This change is a result of the recently enacted Courts, Civil Law, Criminal Law and Superannuation (Miscellaneous Provisions) Act 2024. Government’s Commitment…
Recent earnings data offers the most promising clue yet about the future of the State Pension Triple Lock. According to Steven Cameron, Pensions Director at Aegon, the latest figure of 4.5% annual earnings growth could set the stage for the next increase…
Social Security has just celebrated its 89th anniversary, a milestone that highlights its longstanding role in American life. Established on August 14, 1935, under President Franklin D. Roosevelt, the Social Security Act aimed to provide a safety net for older Americans. However,…
In the sunny city of St. Petersburg, Florida, 77-year-old Larry Gesick begins his day well before dawn. Despite being retired, he heads to a local supermarket to work part-time unloading trailers for $14.75 an hour. His wife, Joyce, 66, also works full-time…
Private equity is increasingly incorporated into defined-contribution plans, offering new opportunities but posing significant challenges. The Growing Trend of Private Equity in Retirement Plans Private equity’s inclusion in defined-contribution plans is gaining traction as investment advisors seek ways to enhance returns and…
Retirement accounts took a significant hit on Monday amid a global market selloff. The S&P 500 closed down 3%, the tech-heavy Nasdaq composite dropped 3.4%, and the Dow Jones Industrial Average fell 2.6%. This marked the most substantial daily drop for the…
To recover losses, TIAA, a significant investment advisory firm, is reportedly urging retirement savers to opt for in-house products, sparking controversy and whistleblower complaints. A Troubling Shift in Strategy In January 2023, around 250 financial consultants from TIAA gathered in Texas for…
Retirement brings the possibility of a new beginning. Many retirees dream of life elsewhere, no longer bound to a specific area by work. According to expat experts, certain countries stand out for those considering moving abroad. The Allure of Overseas Retirement Retiring…
