Category: retirement age

UK Prison Service ‘In Meltdown,’ Says Union Chief

Pressures from “rocketing” levels of self-harm, suicide, and violence within British jails are pushing prison officers to walk away from their jobs, a national union representative has said. Mark Fairhurst, chair of the Prison Officers Association (POA), said the service is no longer in crisis but “in meltdown”—and government action is needed urgently. Inadequate wages,…


The 10 Best and 10 Worst States for Retirees: A Comprehensive Guide

Many people are more mobile and moving today thanks to the benefits of technology and working remotely. People nearing retirement age are also looking for new places to call home. A recent study by Blacktower Financial Management Group analyzed the best and worst states for retirees. This article will break down these states one by…


Should You Delay Social Security?

For many Americans, the age of 62 is a noteworthy milestone. At this age, those paying into Social Security are first eligible to draw from their benefits. Because of the crucial role that Social Security checks play in many Americans’ retirement, the age of 62 often becomes the magical age where many finally choose to…


Average Retirement Savings by Age

How much do you have saved for your retirement? Obviously, the answer depends on everything from your financial situation to retirement goals. And, another consideration? Your age. As an example, in terms of retirement savings and personal savings, Millennials are right smack in the middle when compared to older generations. That’s not too shabby considering…


German Panel Suggests Pension Age of 68; Politicians Say No

BERLIN, Germany—An expert panel advising the German government has suggested the country’s retirement age could be raised to 68, an idea that was swiftly rejected by senior officials on Tuesday as a national election nears. The panel advising the Economy Ministry released a report Monday warning of “abruptly increasing financing problems” for Germany’s public pension…


3-Child Policy and Raising Retirement Age Won’t Solve China’s Deficit Pension

The Chinese Communist Party (CCP) has changed its notorious one-child policy to allow for three children and said it will raise the retirement age to resolve the huge pension deficit and dramatic decline in births. But economists and experts say these methods can’t resolve the deficit, nor the issue of the country’s aging population. China…


3-Child Policy, Raising Retirement Age Won’t Solve China’s Pension Deficit

The Chinese Communist Party (CCP) has changed its notorious one-child policy to allow for three children and said it will raise the retirement age to resolve the huge pension deficit and dramatic decline in births. But economists and experts say these methods can’t resolve the deficit nor the issue of the country’s aging population. China…


Turning Full Retirement Age in 2021? Consider Filing for Benefits This Month.

I write a column similar to this one every January. But I don’t mind plagiarizing myself, because it contains a very important message for people planning to retire in 2021. January is a critical month for the hundreds of thousands of potential Social Security beneficiaries who are reaching 66 and 2 months, their so-called full…