Today: 16. Nov, 2024
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…
The political climate in the United States continues to be a battleground for power and influence. Recently, Democratic strategists have urged Supreme Court Justice Sonia Sotomayor to consider retirement, sparking debates about politicizing such decisions. Daniel Suhr provides a compelling analysis of…
A heated debate is unfolding at Cambridge University as approximately 35 academics challenge a policy requiring them to retire at age 69. This policy, intended to remove “dead wood,” is seen by the dissenters as harmful to the academic community, especially for…
Dispelling the Persistent Myth The American Social Security system is battling a detrimental myth that encourages many to claim their benefits too soon. Emerson Sprick, Associate Director of the Economic Policy Program at the Bipartisan Policy Center, says, “The biggest myth about…
When it comes to spending money in retirement, one rule of thumb—the 4% rule—has persisted for decades. This rule calls for retirees to withdraw 4% from their investment portfolio in the first year of retirement, adjusting for inflation in subsequent years. Financial…
