Today: 16. Nov, 2024
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…
In recent studies, Americans have expressed a significantly increased expectation for their retirement savings, believing they need about $1.46 million to live comfortably in retirement, a sharp rise from previous figures. According to new research from Northwestern Mutual, this number represents a…
As we stand on the cusp of a new decade, the United States is teetering on the edge of a significant retirement crisis. With the Census Bureau forecasting that by the end of this decade, approximately 21% of the nation’s population will…
In a compelling wake-up call to investors and policymakers, Larry Fink, the CEO of BlackRock, the world’s largest asset manager, has highlighted a brewing crisis that threatens the economic fabric of the US: the looming retirement crisis. In his annual letter to…
As the tax season approaches, many are scrambling to find ways to reduce their tax bill or increase their refund. Amid the myriad of strategies available, a certified financial planner sheds light on an often-overlooked method that promises to lower your 2023…
As retirement looms closer, many individuals start assessing their financial preparedness for life beyond the workforce. With the average retirement age in the United States around 61, the decade of your 40s becomes crucial for laying the groundwork for a comfortable retirement.…
In a significant move for its over six crore subscribers, the Employees’ Provident Fund Organisation (EPFO) has set the interest rate on employees’ provident fund (EPF) deposits at 8.25% for the fiscal year 2023-24. This adjustment marks a three-year peak from the…
On a groundbreaking Friday, the S&P 500 shattered previous records, eclipsing the 5,000 mark for the first time, a milestone buoyed by the soaring performances of megacap and semiconductor stocks, notably Nvidia. This historic surge was primarily driven by the burgeoning investor…
Once revered as a top retirement destination, Phoenix has seen its standing dramatically altered in the eyes of seniors looking for a peaceful and affordable place to spend their golden years. The latest U.S. News & World Report’s ranking for retirement spots…
As President Biden’s ambitious student debt relief plan faces legal hurdles, a beacon of hope emerges for borrowers from an unexpected quarter: their employers. Recently, companies across various scales have been innovatively addressing the student loan crisis. They’re offering direct assistance and…
