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Business

Many younger baby boomers may outlive their 401(k) savings, new research finds. Here’s why

Elena Kurkutova | Istock | Getty Images Older Americans may have a number of different goals with their retirement savings. But usually their main goal is the same: to make it last. Unfortunately, many younger baby boomers and members of subsequent generations who don’t have access to a traditional pension could outlive the funds in […]

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Finance

‘Doesn’t capture everyone!’ ‘Millions of retirees’ set to miss out on £300 one-off payment

The new package has increased the energy discount to £400 and now it no longer needs to be repaid. Mr Komolafe commented that this component of the package is a “big tick in the box”, specifically because it doesn’t need to be repaid. He continued: “For households who have already seen their energy payment double, […]

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Business

Here’s why inflation may be less costly for some retirees

A shopper at a San Francisco grocery store on May 2, 2022. David Paul Morris | Bloomberg | Getty Images Inflation is a growing concern as Americans spend hundreds more every month. But some retirees may avoid the sting of price hikes for gasoline, groceries and other costs.   Annual inflation rose by 8.3% in April, […]

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Business

Nearly risk-free I bonds to deliver a record 9.62% interest for the next six months

Marko Geber | DigitalVision | Getty Images If you’re eyeing ways to fight swelling prices, I bonds, an inflation-protected and nearly risk-free asset, may now be even more appealing. I bonds are paying a 9.62% annual rate through October 2022, the highest yield since being introduced in 1998, the U.S. Department of the Treasury announced […]

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Business

Most Americans still feel optimistic about retirement. But inflation is hurting some workers’ confidence

Ipggutenbergukltd | Istock | Getty Images Despite the pandemic, most Americans still feel optimistic about a comfortable retirement, but inflation is the top concern among those who aren’t as prepared. That’s according to the Employee Benefit Research Institute and Greenwald Research 32nd annual Retirement Confidence Survey polling 2,677 workers and retirees in January. “Even with […]

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Finance

‘I had no idea’ – Amazon customers warned of ‘cruel’ scam targeting ‘vulnerable’ retirees

A NATWEST customer has been targeted in a “cruel” scam that can see victims lose thousands of pounds. Source link

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Travel

Most popular countries with ‘best standard of living’ for retirees – tips to keep pension

EXPATS are those Britons who choose to relocate to another country to work, study or enjoy retirement in a sunny and warm location. But what are the most popular spots among pensioners? Source link

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UK

Retirees forced to raid pension pots to pay bills as cost-of-living soars

And a “double depletion” impact of falling stock market values – combined with an increasing need for more cash to cover living costs – will make it harder for pensioners to stretch their savings into old age. Becky O’Connor, head of pensions and savings at Interactive Investor, said: “For retirees, watching the value of a […]

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Business

Tim Hortons focuses its next phase of U.S. expansion on snowbirds and retirees

A pedestrian walks past a Tim Hortons restaurant. Ben Nelms | Bloomberg | Getty Images Tim Hortons is slated to open its first location in Houston this summer, signaling the Canadian coffee chain’s strategy to move further south for its next phase of U.S. expansion. The Restaurant Brands International chain has more than 600 U.S. […]

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US

Memorial Sloan Kettering scraps insurance rule that could’ve frozen out NYC municipal retirees

The reversal comes after the Daily News reported last week that the health insurance rule could’ve resulted in tens of thousands of retired city workers being barred from seeking care at the facility. All copyrights for this article are reserved to New York Daily News