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.
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.
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…
Citibank’ s South Michigan Avenue branch in downtown Chicago, where former Citi wealth adviser Helen Grace Caldwell worked. A former Chicago banking executive has pleaded guilty to swindling her elderly clients out of nearly $1.5 million by using her influence to get them to invest in her private side deals producing slasher movies. Helen Grace Caldwell, 58, a…
Solving economic insecurity by focusing on Black women
Black women continue to experience discrimination and disparity in employment and earnings, putting up barriers to their ability to attain a secure retirement.
Damian Williams, the United States Attorney for the Southern District of New York, announced today the guilty plea of JOSEPH LEWIS to charges of committing securities fraud and conspiring to commit securities fraud through insider trading. In addition, BROAD BAY LTD., a corporate entity owned and directed by LEWIS, pled guilty today before Judge Clarke to a…
SECURE Act moving retirement readiness needle slowly
The SECURE Act is moving the needle forward on retirement security, but slowly and mainly for younger workers.
Emerging adult clients want to retire at 61, though they haven’t started planning for retirement yet
Emerging adult clients (ages 18-34) want to retire at 61, though many haven’t started planning for retirement yet.
MDRT takes a global look at public opinion on a variety of financial issues
To help its members improve their client-service abilities, MDRT recently coordinated a series of public opinion surveys globally.
Respondents ranked inflation as the greatest threat to their retirement security at 90 percent, while cuts to Social Security benefits and cuts to Medicare/Medicaid benefits ranked a close second and third place at 84 percent and 83 percent, respectively. Additionally, the survey revealed a gap between the realities of current retirees and the…
As move along in another year, we are reminded we are a year older, and one of the largest issues we will face in 2024 and beyond is an aging population. North Carolina, like most states, is unprepared to deal with these numbers or their needs. Even with a 401, IRA, some type of pension or Social Security they worry about how they can afford to live into their 80 s or 90 s.
Survey: 1 in 5 Americans who plan to pass down debt are uninsured
More than 20% of American adults who plan to leave unpaid debt behind for their loved ones to inherit do not have life insurance coverage, according to a new survey from Policygenius.
How do millennials feel about raising the retirement age?
"Social Security is going to go bankrupt in 10 years. Medicare is going to go bankrupt in eight, "Republican presidential candidate and former South Carolina governor Nikki Haley said in an interview on Bloomberg Television. According to a report by the Trustees of the Social Security and Medicare, current funds will only be able to pay 100 percent of scheduled…
More than half of Americans said they met their 2023 savings goals.
Independent contractor rule proposal spurring angst, confusion
The DOL’s independent contractor rule proposal has met with resistance, confusion, and continued legal action by labor organizations
CFP Board announced the release of the draft framework of its Client Impact Study, the first peer-reviewed academic research study to track and report on the actual impact of holistic financial planning on clients.
Are spouses who have not worked outside the home eligible for Medicare benefits? I have worked most of my adult life, but my wife has been a mother and homemaker since we got married and hasn't held an income-producing job since she was in college. Will she be eligible for Medicare?
