75-year-old Tim F. receives larger monthly Social Security checks because he waited until he was 70 to collect the benefits. He followed the general trend of securing bigger checks by delaying his retirement beyond 62 and even full retirement age, which is 67 for those born after 1960. However, Tim regrets not collecting Social Security … Read more
A Morningstar Center for Retirement & Policy Studies research leveraged a new simulation tool to find that 45% of Americans retiring at 65 face risks of running out of money in retirement as people live longer and share greater responsibility for their retirement savings. The simulation considered attributes like health conditions, nursing home expenses, and … Read more
JOHOR BARU: A retiree has suffered significant financial losses after investing more than RM650,000 of his savings in a bogus investment scheme. Johor Baru North OCPD Asst Comm Balveer Singh said the 73-year-old local male victim lodged a police report on Tuesday (Aug 6). “The victim claims that on June 26, at around 10.02am, he … Read more
KOTA KINABALU: All she wanted was to have lunch but instead lost RM2,500 in cash and other belongings to a woman pickpocket in Sabah’s northern Kota Marudu district. This was what befell a 59-year-old government retiree as she flipped through the menu to see the food selection at a restaurant in the town district. Footage … Read more
