With retirement savings on the rise, reaching a million-dollar balance is becoming more attainable for many. According to a recent analysis by Fidelity of over 48 million retirement accounts, including IRAs, 401(k)s, and 403(b)s, the number of individuals with million-dollar 401(k) balances has surged to a record high. In the second quarter of 2024 alone, … Read more
Under the new system, China’s 8 million civil servants and 32 million employees of public institutions must pay 8 per cent of their salaries into the pension scheme, while their employers contribute 20 per cent. Previously, public sector workers did not have to make any contributions and were paid up to 80 per cent of … Read more
John and Susan Pazera’s dream of early retirement seemed out of reach while living in the United States, where the average retirement age is 65 for men and 63 for women. Faced with the high cost of living, healthcare expenses, and the general financial strain of staying in the US, they knew they needed a … Read more
Pressured by rising living costs in the US, at least one in five older Americans on fixed incomes are forced to consider returning to work. While some retirees may choose to re-enter the workforce for social reasons, many are driven by financial necessity. According to a Pew Research Center report, nearly one in five Americans … Read more
