Legal retirement age may be raised
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The Ministry of Labour and Social Security is considering raising the legal retirement age in China to reduce pressure on the social security retirement pension.
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Itâs folly to think that you can set your retirement plan in your 20s or 30s and forget it until you retire.
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Q: I am nearly 51 years old. I plan to retire somewhere between 55 and 60. A realistic age for me to retire would likely be 58 or 59. I have $263,000 in my 401(k). My wife has $109,000 in her SEP account. We have a house worth $190,000 with no mortgage. We also have $270,000 in taxable savings.
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Legislation that would increase retirement benefits for more than 5,000 assistant U.S. attorneys -- putting their pensions on par with federal law enforcement officers -- has been introduced in Congress.
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Give your retirement savings a boost this year.
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Employers will no longer be able to force workers to retire before 65, unless they can justify it, the government says.
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Q. My wife and I are 60 and plan to retire at 62. At that time we will have $31,000 in annual income from Social Security and $48,000 from a corporate pension. A 401(k)/IRA of $1 million will provide additional income from investments.
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Airlines and pilotsâ unions expect a review of a rule requiring pilots to retire at age 60, now that an international organization has raised the age to 65.
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start investing early so that you have plenty of what you need when you get old. That&#39;s a message that the surgeon general would like
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Like an allowance that extends far past adolescence, parents are helping finance their childrenâs lives longer, and depleting their retirement savings in the process.
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Raising the state pension age to 68 is needed to avoid a future 4p income tax rise, minister John Hutton says.
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Squeezed by soaring health-care costs and dwindling pensions, ever more Americans are choosing to postpone retirement -- and the Washington region leads the nation when it comes to working past age 65, according to census figures released today.
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Higher limits on IRA contributions will help you save more.
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In todayÂs self-directed retirement system, it is important to keep tabs on details that can have a big impact on your retirement savings.
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Prompt action is needed to fund pensions for the ageing US population, the head of Federal Reserve has said. Alan Greenspan told a Fed-sponsored symposium that workers face the prospect of either higher taxes or a raised retirement age.
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A new law making it easier for companies to automatically enroll their employees in pension plans such as 401(k)s goes into effect soon, the Labor Department said Monday, a move the government hopes will spur increased retirement savings.
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Changing benefits keep boomers working longer.