Social Security Fear Goes Viral: Should You Claim Early Like Dave Ramsey Says? Americans increasingly fear that they will not receive the Social Security benefits they have contributed to throughout their careers. According to the Associated Press, Social Security will not be able to pay full benefits to recipients starting in 2035. At this rate, … Read more
Part-time state workers could soon be allowed to participate in the state’s 401(k) retirement savings plan, under a bill that passed the state Legislature on Tuesday. The House Pensions and Retirement Committee approved three bills that make a wide range of changes to state pension law. Many were minor or technical changes, but some could … Read more
Some young retirement savers say they can raid their 401(k) accounts to buy a home. However, this could be to their detriment, experts warn. Nearly a third (30%) of aspiring homeowners say they plan to withdraw funds from their 401(k) plan to finance a purchase, according to the Real Financial Progress Index from BMO Financial … Read more
(Bloomberg) — New York’s $86 billion civil employee pension fund is investing in a not-for-profit partnership that took over loans for properties linked to rent-controlled, rent-stabilized apartment buildings from failed Signature Bank. Most Read by Bloomberg The New York City Employees Retirement System, or NYCERS, will invest up to $60 million in a partnership, led … Read more
Dear Dave, My husband and I have been very blessed financially over the course of our lives. We make just over $200,000 a year together, and currently have a net worth of about $4 million. But what do you do when you are no longer motivated by such a thing? How do you find and … Read more
Unlock Editor’s Roundup for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The money is on the move, and private banks and wealth managers are lining up to capture it. Almost $85 trillion in wealth will be transferred between 2021 and 2045 from aging families to the next … Read more
Millions of retirees can expect their Social Security payments today, which could be worth up to $4,873. The Social Security Administration is expected to send checks on May 22 to pension applicants born between the 21st and 31st of each month. Read more: Compare the best high-yield savings accounts to grow your savings Recipients born … Read more