According to the Social Security Administration, more than half a million Americans received their Social Security benefits while living overseas in 2016.. According to International Living's recently released 2024 Annual Global Retirement Index, the world's top retirement destination is Costa Rica. In second this year came Portugal, followed by Mexico.
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The charges unsealed Monday also included an indictment against Australian blockchain entrepreneur Sam Lee, who prosecutors alleged co-founded the international scheme they said defrauded investors of $1.89 billion. The U.S. Attorney "s Office for the District of Maryland said in a news release that she will be required to pay at least that amount back in…
Only one-third of men correctly estimated how long a 60- year-old man in the U.S. could expect to live, according to a 2022 TIAA Institute survey. And fewer than half of women got it right for a 60- year-old woman. Advisers call this— understanding how long you’ ll live in your retirement years— longevity literacy.
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4 retirement fund withdrawal strategies for your clients to consider
Morningstar’s 2023 research suggests that 4.0% is the highest safe starting withdrawal rate for retirees spending from an investment portfolio, assuming a 90% probability of having funds remaining at the end of an assumed 30-year retirement period.
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Differing generational retirement expectations spur personalized strategies
Differing generational expectations about when to retire are placing an increased focus on personalized investment strategies.
—Chair Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed's target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. A year ago, most economists had envisioned a much…