New York City’s five pensions solidly beat their investment targets in the past fiscal year, promising to save the city hundreds of millions of dollars in contributions as they profit from the US stock-market rally. The funds for police officers, fire fighters, teachers, civil employees and school personnel — which together have $274 billion in […]
When it comes to the November election, there is one issue that is at the top of voters’ wish lists: Social Security. Despite political division, most Americans — 87% — want action to address Social Security’s trust fund shortfall, according to the National Institute on Retirement Security. The group polled 1,208 individuals aged 25 and older. […]
Morningstar Inc.’s retirement group has added to the ongoing dialogue around a retirement savings shortfall for many Americans with a study based on a new retirement savings simulation tool. According to the investment and retirement services provider, about 45% of Americans will run short of money in retirement if they retire at the traditional age […]
New research from the Employee Benefit Research Institute (EBRI) shows the positive impact of specific provisions from the Setting Every Community Up for Retirement Enhancement (SECURE) Act and the SECURE 2.0 Act. Perhaps not surprisingly, the changes to automatic enrollment and the Saver’s Match appear to have the biggest impact, according to EBRI’s newly released […]
Pension money managers that backed a plan to pump cash into start-ups last year have hailed “good progress” today despite still investing a fraction of their total assets into so-called growth companies. The Mansion House Compact, drawn up by the government and City of London Corporation last summer, committed 11 of the UK’s top pension […]
August payments are coming soon for eligible Social Security beneficiaries in the United States. This money is useful for those American workers who have not saved or invested enough. Still, it is just a supplement and it is not a good idea to put all your eggs in one basket. Social Security retirement benefits will […]
You’ll often hear that it takes money to make money. And there’s some truth in that. Say you want to build a portfolio of income properties so you can retire on your rental earnings alone. Well, to do that, you’ll need to shell out the money to buy those properties in the first place. And, […]
Early retirement is a dream for many Americans, but it requires significant savings. With increasing lifespans, the need for a substantial nest egg grows. To determine the savings necessary for a 50-year-old retiree, GOBankingRates analyzed factors like cost of living, housing costs and Social Security benefits for each state. By projecting expenses up to age 95, the […]
August 28, will mark the final round of August Social Security payments, administered by the Administration (SSA). The SSA issues all sorts of benefits. From retirement, survivor, and disability benefits to spousal, or SSI every month. However, not all beneficiaries receive their payments on the same date. On Wednesday, August 28, individuals collecting retirement checks […]
The Social Security Administration sends an enormous amount of benefits each month to different beneficiaries in the United States. Each of these checks is unique and has a singular amount. Therefore, we are dealing with an individual check that is not repeated, at least most of the time. At the end of the day, Social Security Administration […]
For most retirees, Social Security benefits is a major source of income. Yet, just 11% of Americans who aren’t retired say they know exactly how much benefits they stand to receive, according to new research from the National Institute on Retirement Security. At the same time, 24% are “not very sure” of their benefit amounts […]
As the future of Social Security is on the line in the 2024 presidential election, Yahoo Finance senior columnist Kerry Hannon breaks down the pressure Americans are feeling when it comes to retirement planning, especially as President Biden made the tough decision to withdraw from his reelection bid. Hannon explains that self-awareness is critical when […]
