Beijing announced its pilot scheme of private retirement plans, with the participation of four large, state-owned banks, that will be launched in November in five cities. Chinese netizens expressed their distrust of the Chinese banks, and an economist said the plan is a way to cover up the failing economy. The officials claimed the new…
Mainlanders Think CCP’s Private Retirement Plan Indicates Social Insecurity
7 Mistakes You Are Making About Retirement
How’s your retirement fund looking these days? For 40 percent of non-retired adults, they believe that their retirement saving is on track. But, for the other 60 percent of people? They don’t feel this way. To be fair, those who feel that their financial future isn’t looking too bright didn’t intentionally sabotage their retirement. Instead, they just made some mistakes…
Your Nest Egg and the Miracle of Compound Growth
We will all come to that point in our lives when we stop working for a living, and need to rely on whatever sources of income remain. Those sources could be savings, interest, Social Security, even rents from properties purchased earlier. As the cost of living increases, so will the amount we will need to…
Gen Zs, It’s Time to Start Retirement Investing with 5 Retirement Strategies
Retirement is important for everyone, but it’s even more crucial for those in Generation Z. Why? Because the earlier you start saving, the more money you’ll have to enjoy in your golden years. As Gen Zs are starting to enter the job market, they should be thinking about retirement investing now rather than a decade down the road….
What You Should Consider Including in Your Retirement Portfolio
When setting up a retirement plan, many of us have been taught that as a rule, we should save at least 10 to 15 percent of our annual pre-tax salary. Yet, even as we see the cost of living increase, and adjusting our savings for any hurdles that may be thrown across our path—creating a…
Stock Market Slump Threatens Americans’ Retirement Plans
Americans on the cusp of retiring are facing a tough choice as they watch their nest eggs shrink: Stay the course or keep working. A stock market slump this year has taken a big bite out of investors’ portfolios, including retirement plans like 401(k)s. The S&P 500, the benchmark for many index funds, is down…
403(b) Retirement Plan
Do you work for a nonprofit or tax-exempt organization? In that case, you’re probably driven by your desire to help others. But, who’s going to take care of you when it’s time to retire? Unlike your peers you’ve put in their time at a corporate gig, you probably don’t have access to a 401(k). Does…
Can You Save for Retirement Without a 401(K)?
Here’s a pop quiz for you. When you hear the word retirement, what immediately comes to mind? Some of you might have visions of traveling the world, playing golf, or hanging out with your grandkids. But, for most of you, you’re probably thinking about your 401(k). Since first introduced in the early 1980s, defined contribution…
How to Stop Being Nervous About Retirement
Retirement can be scary, no matter who you are. It makes sense that some people are nervous about retirement. How much money do you really need for 20 years? What about 30 years? Will you get bored? Will you be lonely? Planning ahead and predicting the future is extremely difficult. It’s tempting to just make…
10 Ways to Boost Your Retirement Savings (Without Extra Money)
When it comes to retirement planning, that’s the boring advice we’ve been told ad nauseam. And, even though we might be tired of hearing it, saving is indispensable if you want to live comfortably in retirement. According to Fidelity Investments, by the age of 67, you should have 10 times your income saved for retirement….
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