Today: 22. Dec, 2024
A recent survey from global investment firm BlackRock revealed a rare agreement between Republicans and Democrats: the United States faces a significant retirement savings crisis. With only about half of American households having retirement savings accounts and concerns over the future of…
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…
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,…
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…
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…
The traditional notion of retiring in one’s 60s is increasingly being viewed as unattainable. With rising life expectancies and escalating costs of living, the conventional retirement age might be shifting. This article delves into the evolving dynamics of retirement, influenced by economic…
Social Security plays a pivotal role in the financial planning of older Americans, carrying profound implications for their retirement years. This significance is even more pronounced for women, as highlighted by Mary Beth Franklin, a certified financial planner and Social Security expert,…
Switzerland is standing at a crossroads as its citizens prepare to vote in referendums that could significantly alter the landscape of pensioners’ lives. With an aging population and the cost of living continuing to rise, Swiss voters are faced with two proposals:…
The idea of leaving the workforce earlier than the conventional retirement age is a dream for many. However, turning this dream into reality demands thorough planning and contemplation. Before embarking on the path to early retirement, it’s essential to tackle three critical…
