US Couple With $175K Salary Splurges 83% On Fixed Expenses; Ramit Sethi Reveals Why That’s A Costly Mistake

US Couple With 5K Salary Splurges 83% On Fixed Expenses; Ramit Sethi Reveals Why That’s A Costly Mistake

A married couple in their early 40s, living in the Bronx, New York, has found themselves in a financial bind despite earning a combined annual income of nearly $175,000. The couple, who have a 9-year-old daughter and a puppy, struggle to make ends meet with no assets and a paltry $200 in savings. Despite a … Read more

Not paid any salary or ESOPs to Madhabi Buch post-retirement: ICICI Bank

Not paid any salary or ESOPs to Madhabi Buch post-retirement: ICICI Bank

New Delhi: ICICI Bank on Monday vehemently refuted the allegations levelled by the Congress about the private lender paying remuneration in the form of salary or employee stock option plans (ESOPs) to SEBI Chairperson Madhabi Puri Buch. In a statement, it said that ICICI Bank or its group companies have not paid any salary or … Read more

Retirement is an existential issue. Here’s why

Retirement is an existential issue. Here’s why

But this might not be the biggest problem that potential retirees face. The deeper issues of meaning, relevance, and identity that retirement can bring to the fore are more significant to some workers. Work has become central to the modern American identity, as journalist Derek Thompson bemoans in The Atlantic. And some theorists have argued … Read more

61% US Workers Say They Fear Retirement More Than Death, 64% Say It’s Scarier Than Divorce: Survey

61% US Workers Say They Fear Retirement More Than Death, 64% Say It’s Scarier Than Divorce: Survey

KEY POINTS A growing number of Americans are considering delaying their retirement plans and working longer than planned The uncertain economic landscape has many Americans reconsidering whether retirement is a realistic goal Average life expectancy is also increasing rapidly A recent survey has revealed a startling reality for American workers: the prospect of retirement is … Read more

Golden Years or Gold Drain? 15 Surprising Ways Retirees Waste Money That You Should Avoid

Golden Years or Gold Drain? 15 Surprising Ways Retirees Waste Money That You Should Avoid

Retirement should be a time of relaxation and enjoyment, a reward for decades of hard work. However, it also demands financial prudence, as living on a fixed income requires careful management of resources to ensure that savings last throughout one’s golden years. Unfortunately, many retirees unknowingly waste money on unnecessary expenses that can be easily … Read more

Timeshares, Luxury Cars And More: 8 Things Seniors Regret Buying During Retirement

Timeshares, Luxury Cars And More: 8 Things Seniors Regret Buying During Retirement

Retirement is often seen as a time to finally enjoy the luxuries and experiences that may have been out of reach during the working years. However, many retirees find that some of these indulgences come with unexpected regrets. In fact, according to AARP, retirees who regret their spending are often those who splurged on extravagant … Read more

Money Talks Podcast: What to consider before retiring overseas

Money Talks Podcast: What to consider before retiring overseas

Here’s an excerpt from the conversation:  Andrea Heng: Okay, so I have friends who have moved overseas (and) living there. Not as a retirement project but they’ve done it in their younger years. So walk me through the differences here between living and retiring overseas. Are the considerations the same?  Joie Lim: No, I think (they are) … Read more

SAFTU rejects new two-pot retirement system, calls it a ‘scam’

SAFTU rejects new two-pot retirement system, calls it a ‘scam’

The introduction of the two-pot retirement system in South Africa has sparked significant concern and debate, particularly among workers and trade unions. The system, set to be implemented on 1 September, has been met with strong opposition from the South African Federation of Trade Unions (SAFTU), which has labelled it as a government ploy to … Read more