Tag

Pensions

All articles tagged with #pensions

personal-finance24 days ago•36 min saved

Can $1 Million, Two Pensions, and Three Homes Support Early Retirement at 61?

A 61-year-old couple with $1 million saved, two lifetime pensions (about $14,000 a month) and three homes weighs whether they can retire early. With mortgages still decades from payoff, selling one property could unlock extra equity, but retirement feasibility hinges on current expenses, health costs until 65, taxes on withdrawals, and survivorship decisions. Market-win advisers say a fiduciary financial planner can help model timelines, optimize Social Security and Medicare, and craft a withdrawal plan to determine if retirement next year is realistic.

via MarketWatch|

#financial-advisers #pensions #personal-finance

business1 month ago•4 min saved

Nordic Pensions Rebalance Away From U.S. Assets Amid Geopolitical Risk

Northern European pension funds, notably Sweden's Alecta and Denmark's AkademikerPension, are debating tilting away from U.S. assets amid geopolitical uncertainty and concerns about U.S. finances; a couple have sold or begun selling U.S. Treasuries, signaling a rising risk premium, though the U.S. market remains investable overall.

via Reuters|

#business #dollar-risk #geopolitical-risk

business1 month ago•3 min saved

JPMorgan Expands into Retirement Tech with WealthOS Buy

JPMorgan Chase is acquiring WealthOS, a pensions technology platform, to bolster its retirement planning and personal investing services; the deal price is undisclosed and WealthOS operates with teams in the UK and Sri Lanka. The move follows JPMorgan's Nutmeg acquisition (now JP Morgan Personal Investing), which serves about 275,000 UK customers.

via Sky News|

#business #jpmorgan #nutmeg

business1 month ago•3 min saved

Danish Pension Fund Sells $100 Million in U.S. Treasuries on Fiscal Concerns

A Danish pension fund, AkademikerPension, plans to divest its entire $100 million holding of U.S. Treasuries by month’s end, shifting into U.S. dollar cash and short-duration debt due to concerns about U.S. government finances and a Moody’s downgrade; the move signals liquidity- and risk-management adjustments rather than political tensions.

via CBS News|

#business #denmark #liquidity

business1 month ago•197 min saved

Denmark’s pension fund trims US Treasuries, signaling diversification

Danish pension fund AkademikerPension said it would sell about $100 million of U.S. Treasuries—roughly 0.4% of its 164 billion Danish-crown portfolio—citing liquidity and diversification needs rather than a symbolic shift away from Treasuries.

via Hacker News|

#bonds #business #denmark

local1 month ago•3 min saved

Levine Warns NYC Faces $12B Budget Gap, Plans Activist Oversight

New York City Comptroller Mark Levine says Mayor Zohran Mamdani faces a cumulative $12 billion budget gap—about $2 billion this year and roughly $10 billion next year—and vows to be an activist watchdog, outlining plans to triple the pension funds’ investment in subsidized housing to $3 billion, resume Israeli-bond purchases for the pension portfolio, and audit the Housing Preservation and Development agency to speed housing, while noting tax increases are unlikely unless Hochul includes them in her budget.

via THE CITY - NYC News|

#affordable-housing #comptroller #local

politics2 months ago•3 min saved

German Political Shifts and Pension Reforms Highlighted in Recent Votes

Germany's far-left Die Linke party abstained from a vote on a pension package, effectively ensuring its passage and saving Chancellor Friedrich Merz's coalition from a political crisis, although this move also highlights the fragile and ideologically diverse nature of the government.

via politico.eu|

#coalition #germany #merz

finance5 months ago•2 min saved

Gen X's Retirement Challenges and Savings Struggles

Many Generation X individuals face financial challenges for retirement, with low savings, lack of confidence, and a shift away from pensions towards 401(k)s, which have historically been less robust, leading to concerns about outliving savings and postponing retirement.

via Yahoo Finance|

#401k #finance #financial-planning

world5 months ago•3 min saved

Russian Bombings in Ukraine Kill Over 23 Civilians, Including Pensioners

A Russian bomb exploded in Yarova, Ukraine, killing at least 23 civilians, mostly elderly people collecting pensions, and injuring 18, prompting Ukrainian President Zelensky to call for a global response and increased sanctions against Russia.

via The New York Times|

#bombing #civilian-casualties #pensions

world5 months ago•2 min saved

Russian Strike in Ukraine Kills Over 20 Civilians in Pension Queue

A Russian air strike in Yarova, Ukraine, killed 23 civilians and wounded 18, targeting a pension distribution site near the front line, marking one of the deadliest recent attacks on civilians in the ongoing conflict, with Ukrainian officials calling for international response.

via BBC|

#air-strike #civilian-casualties #pensions

business7 months ago•3 min saved

UK Pensions Overhaul Underway Amid Savings Crisis

The UK government is reviving the Pensions Commission to address the significant shortfall in retirement savings, especially among low earners, women, and ethnic minorities, warning that future pensioners will be worse off unless action is taken to boost private pension contributions and reform the system, with a report expected in 2027.

via BBC|

#auto-enrolment #business #government

politics1 year ago•2 min saved

Senate to Decide on Expanding Social Security Benefits

The House has passed a bill to expand Social Security benefits by repealing the Windfall Elimination Provision and Government Pension Offset, which limit payouts for about 2.8 million people, including government workers and their spouses. The bill, which has bipartisan support, now moves to the Senate, where its passage is uncertain. If enacted, it would increase federal deficits by $195 billion over 10 years, adding strain to the Social Security Trust funds. The bill must pass the Senate by January 3, 2023, or it will expire.

via ABC News|

#congress #fiscal-policy #legislation

politics1 year ago•1 min saved

U.S. House Members' Salaries Revealed

U.S. House members earn an annual salary of $174,000, a figure unchanged since 2009, with leadership roles like the Speaker of the House earning more. Members cannot hold other jobs while serving, but many are already wealthy through investments. They also receive pensions significantly higher than those in the private sector, and a death gratuity is paid to heirs of members who die in office. These benefits highlight the financial advantages of serving in Congress.

via CBS News|

#benefits #house-of-representatives #pensions

politics1 year ago•3 min saved

"Democrats Highlight Over 1 Million Pensions Secured by 2021 Law"

Democrats are highlighting the Butch Lewis Act, part of President Biden's American Rescue Plan, which has saved over 1 million union workers' pensions and aims to prevent cuts for 2 million retirees. The law, named after a Teamsters union leader, provides financial assistance to struggling multi-employer pension plans. This move is part of the Democrats' strategy to secure union votes in swing states like Pennsylvania ahead of the general election.

via Yahoo! Voices|

#american-rescue-plan #butch-lewis-act #democrats

politics1 year ago•4 min saved

Sunak Pledges Pensioner Tax Cuts with 'Triple Lock Plus'

The Conservative Party has announced a "Triple Lock Plus" scheme to raise the tax-free pension allowance if they win the general election, ensuring the state pension remains below the tax-free threshold. This move aims to prevent pensioners from paying income tax due to frozen tax thresholds. Critics, including Labour and the Liberal Democrats, have dismissed the plan as a gimmick, while the Institute for Fiscal Studies notes it mainly prevents a tax rise rather than offering a significant tax cut.

via BBC.com|

#conservatives #general-election #pensions