The retirement landscape is changing rapidly, and not for the better. The retirement savings gap—the difference between what people need to retire comfortably and what they have actually saved—is widening at an alarming rate. With the cost of living rising, stagnant wages, and longer life expectancies, many workers are finding themselves financially unprepared for retirement. […]
Read More(Bloomberg) — US public pension funds are on pace for their deepest financial setback since the Great Recession as turmoil in global markets this year threaten to leave taxpayers and government workers on the hook. Steep stock and bond losses are set to leave state and local pensions this year with enough to cover 77.9% […]
Read More(Bloomberg) — The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer. Americans’ collective net worth had been climbing at a dizzying rate for the past two years, even as families and businesses contended with the ravages of Covid-19. Households piled up an extra $38.5 trillion from early 2020 […]
Read More(Bloomberg) — A barrage of shocks is building that’s unlike anything emerging markets have had to confront since the 1990s, when a series of rolling crises sank economies and toppled governments. Turmoil triggered by rising food and energy prices is already gripping countries like Sri Lanka, Egypt, Tunisia and Peru. It risks turning into a […]
Read MoreRise of early retirement threatens pension poverty timebomb Boris Johnson came out fighting at Prime Minister’s Questions in the Commons last week. The besieged premier chose the jobs market as one of his battlegrounds. “We have more employees on the payroll now than before the pandemic began, and youth unemployment is at a record low,” […]
Read MoreWhat were the most significant developments in the world of retirement in 2021? What laws affected, for the better, those saving for or living in retirement? What products and investments now have the possibility of lessening the retirement crisis? Here’s what experts had to say. Translating assets into income Income has always been the focus […]
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