House price boom and gold-plated pensions to blame for wave of early retirement Surging house prices and gold-plated pensions have helped to drive a wave of early retirement since the pandemic, MPs ha...
Tag: Pensions
The U.S. Cities Drowning In Debt [Infographic]
The average person in the U.S. is around $96,400 in debt. Now, if Americans would be charged by their hometowns and cities for the debt they have taken on in the name of their residents, a fairly big ...
How much should you have saved for retirement?
When I was in my 20s, I was lucky to work for a company that offered a pension plan—and that put me on the road to retirement. Today, unfortunately, company pensions are rare. How can you ensure a com...
Where Pensions With A$430 Billion Are Putting Their Money Now
(Bloomberg) — Australia’s mammoth pensions industry is rethinking investments from bonds to equities and cash to private markets as it steels itself for slower global growth. Most Read from Bloo...
Canadian teachers could have a $95 million hole in their pensions due to the FTX crypto implosion
The crisis at cryptocurrency exchange FTX is having ramifications far and wide. Now Canada’s third largest pension plan is revealing details about its exposure to the troubled company led by 30-year-o...
Robert Kiyosaki warns central banks can’t fix inflation and that ‘fake’ money is forcing state pensions to pivot — here are 3 real assets he likes now
Bank of England recently bought £19.3 billion of U.K. government bonds to prevent a collapse in the country’s pension industry. In the eyes of Rich Dad, Poor Dad author Robert Kiyosaki, that’s a sign ...
Jamie Dimon says expect ‘other surprises’ from choppy markets after U.K. pensions nearly imploded
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview in London, U.K., on Wednesday, May 4, 2022. Chris Ratcliffe | Bloomberg | Getty Images JPMorga...
Rare Massachusetts Tax Refund Raises Interesting Question About Surplus Revenue
George Washington Monument at Public Garden in Boston, Massachusetts. getty Massachusetts taxpayers are getting a rare refund thanks to a 1986 law that requires the state government to refund tax reve...
We earn $7K a month, have $798K in retirement and will get pensions. But we want to help our child buy a house, and my wife wants to retire at 55. Do we need professional help?
How to find the right financial adviser for you Getty Images/iStockphoto Question: As teachers, my wife and I bring home $7,000 a month combined. We save 20% of our income in pre-tax 403(b) contribut...
Stock Buyback Tax Will Harm State & Local Pensions
US President Joe Biden speaks at the 29th AFL-CIO Quadrennial Constitutional Convention at the … [+] Pennsylvania Convention Center in Philadelphia on June 14, 2022. (Photo by Nicholas Kamm / AF...
Public Pensions Face Worst Funding Decline Since Great Recession
(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 ...
Pimco Warned US Treasury That Russia Sanctions Will Hit Pensions
(Bloomberg) — Pacific Investment Management Co. has warned the US Treasury about the fallout on investors from the strict sanctions that are pushing Russia toward default. Most Read from Bloombe...
Swyftx and Superhero merger brings crypto, shares, and pensions under one roof
Swyftx and Superhero have agreed a $1.5 billion merger and will develop a “super app” where clients can manage cryptocurrencies, shares and superannuation all in one place. According to Alex Harper,...
Virginia’s Fairfax County Contemplates Investing Pensions in Yield Farming Crypto Funds
Fairfax County, Virginia, is in talks regarding investments in crypto funds that use yield farming. The county has earlier invested in the blockchain via the Morgan Creek Blockchain Opportunities Fun...
Fairfax County, Virginia Mulls Investing Pensions in Yield Farming Crypto Funds
Fairfax County, Virginia, is considering investments in two crypto funds that use yield farming for its pension funds. A decision will be made in the next few days and, if passed, would be the first c...
Fidelity Adds Bitcoin to Pensions – Trustnodes
Fidelity, one of the world’s biggest asset manager, has launched the Digital Assets Account which incorporates bitcoin as an investment in 401(k) pensions. “As a leader in digital assets, we are thril...
Pensions May Actually Be Cheaper For Employers Than 401(k) Plans
pensions 401(k) With a few notable exceptions, the age of pensions is largely over in the U.S., with traditional defined benefit plans mostly being replaced by defined contribution retirement vehicles...
These 2 states account for a third of America’s public sector pensions crisis
Step forward, California and Illinois! Your state and local pension funds are so badly funded that you two states, alone, account for about a third of the entire pension fund crisis of the entire coun...