Retirement Savings

New savings option helps Connecticut workers plan for retirement

Tim Ryan, 68, retired from his role as CFO of a Fortune 500 company over a decade ago, living comfortably off a good pension and his contributions to a sponsored 401 (k) plan by the employer. In recent years, he has volunteered for AARP Connecticut to facilitate savings for others. …

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Don’t forget to take care of your 401 (k) if you join ‘Great Resignation’

valentinrussanov | E + | Getty Images Leave the money or move it? The first decision for your retirement savings is to leave it in your former employer’s plan, if permitted. Of course, you can no longer contribute to the plan or receive matching funds from the employer. However, while …

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Expect inflation-linked pensions soon: head of the pension fund body

Discuss with IRDAI for options whose returns are linked to the pace of price increases: Head of PFRDA Savers concerned about the deleterious impact of inflation on their fixed retirement income may soon be able to purchase indexed annuity products with returns tied to the pace of rising prices, the …

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$ 1 million is no longer the standard nest egg – here’s how much most Americans think you really need to retire

Geber86 / Getty Images A common financial rule of thumb is that you should have $ 1 million in retirement savings, but that advice might be outdated now – you might actually need about double that. At least, that’s what most 401 (k) diet participants believe. A recent survey by …

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PPF vs VPF: What Works Best for Achieving Long-Term Wealth Creation

PPF vs VPF: What Works Best for Building Long-Term Wealth New Delhi: Pension plans are called pension plans. The main goal of a retirement plan is to have regular income after retirement. In view of the ever-increasing inflation, investing in these plans has become essential and a prerequisite for long-term …

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American Orthodox Jews are financially fragmented but largely secure, survey finds

An investigation into the finances of American Orthodox Jews found that the community is largely financially secure, but worried about saving and spending heavily on education and other cost-of-living expenses related to religion. Jewish respondents who identified themselves as Modern Orthodox reported an average median family income of $ 188,000 …

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Common Mistakes in the ‘Big Resignation’ Retirement Plan

The Select editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners. You’ve probably heard of The Great Resignation with an increase in the number of people leaving …

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News and analysis for those planning or living their retirement

From MarketWatch: I am 35 years old with four children and have $ 135,000 in retirement savings. We have always lived paycheck to paycheck. ‘What am I doing wrong?’: Sometimes people feel like they’re not doing enough for their retirement, even though they don’t have much money to save. Here …

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The mayor of Miami intends to take his 401 (k) retirement savings partly in bitcoin, as he develops the city’s crypto credentials.

Miami Mayor Francis Suarez hopes to take some of his retirement savings in bitcoin, having now started collecting his salary in the main cryptocurrency. Suarez let RealVision know on Friday that he is exploring how to get some of his 401 (k) bitcoin pot, and that he hopes to start …

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Retirement trends: personalizing post-pandemic planning

(Photo: Shutterstock) Retirement may seem like a tabletop issue in the benefits landscape, but we have entered a new era where many employees view their retirement plans differently. Only 62% of workers are confident they will have enough funds to retire, according to the Employee Benefit Research Institute. And recent …

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