‘Government must act to avoid retirement crisis’ – Financial Times
Stay up to date with free updates Just sign up pension myFT Digest – delivered straight to your inbox. Pension experts have warned that British workers risk a “retirement crisis” unless the Government increases contributions into workplace pension schemes, a measure omitted from Labour’s pensions bill in the King’s Speech. The government’s pension reform proposals, […]
See how Social Security retirement benefits stack up globally – The Washington Post
The United States is facing a critical moment for Social Security: Latest projections suggest that the trust fund for this vast safety net for retirees and the disabled will be depleted in a decade, leading to steep cuts in benefits unless lawmakers act to increase funding, cut spending, or both. So far, neither Biden nor […]
New law makes it easier for Americans to tap retirement accounts for emergencies
A recent AARP survey found that more than half of adults over the age of 50 are worried about having enough money for retirement. New law allows Americans to save more by investing in 401(k)s and other savings accounts Severance pay As an emergency ATM. New IRS rules allow Americans to withdraw up to $1,000 […]
Tiger Woods takes dig at Colin Montgomerie after retirement jab: ‘He’s not a past champion’
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Tiger Woods fires back at Colin Montgomerie’s retirement jab
TROON, Scotland — Never one to ignore his critics, Tiger Woods was ready to take the question on Tuesday morning in Troon. A few days earlier, Colin Montgomerie, Europe’s Ryder Cup hero and former world number two (who has never won a U.S. major or on the PGA Tour), had pointedly commented that Woods should […]
Seniors with $1 million in retirement savings could run out of money faster in these states, study finds
Seniors could be struggling in retirement, as a new study shows that even $1 million in retirement savings wouldn’t last long in some states. A survey published by personal finance site GoBankingRates Earlier this year, found, For example, seniors in California could exhaust their supply in about 12 years, 8 months and 5 days due […]