Tax-deferred retirement accounts like traditional IRAs and 401(k) plans let investors reduce their tax burden in a given year by deducting contributions from their gross income. But the tax payments cannot be postponed indefinitely. Individuals with tax-deferred accounts must take required minimum distributions (RMDs) once they reach a certain...
SYDNEY (Reuters) - Australian telecom major Telstra (OTC:TLGPY)'s pension fund arm TelstraSuper will merge with bigger peer Equip Super creating a combined fund that would manage around A$60 billion ($38.8 billion), the funds said in a joint statement on Tuesday.
The binding agreement follows the signing of a non-binding memorandum...
"Unretiring" is becoming a popular trend in the retirement community, as many older adults go back to work after leaving their careers. Around 20% of retirees are working either full- or part-time, according to a 2024 survey from investment management firm T. Rowe Price, while 7% say they're currently...
You've most likely been setting aside a slice of each paycheck to feed into your 401(k) — but how much do you understand about this crucial piece of your financial future?
Your 401(k) isn't just a retirement account; it's a cornerstone of long-term security, a tool for growing your nest...
More than a million mortgages have been issued in the past three years which home-buyers are set to still be repaying into pension age.
The latest data shows that two in five new mortgages have terms that see homeowners still making payments in retirement.
Ultra-long, or extended, mortgages have become more...
For 99% of human history, humans were nomads. Now, what’s old is new again as more people embrace a modern version of this lifestyle — replacing spears with laptops.
These digital nomads leverage technology to work remotely while living location-independent lives, moving between destinations domestically or abroad. For early retirees,...
It’s been a rough few years for retirees — well, if you ask them anyway.
Less than half — 48% — of retired Americans between the ages of 62 and 75 report being very satisfied with life in retirement,...
The majority of Americans say that they expect to rely on Social Security benefits once they retire, but that they are afraid benefits won't be there for them, according to a new survey.
53% of people expect...
A broad reduction in Social Security is more than just an inconvenience.
Social Security is in financial trouble. No, the program is not going bankrupt. That's virtually impossible based on the way Social Security is funded.
Something happened, and you need money. Urgently.
You look at your savings account. Tumbleweeds roll across the place your emergency fund should occupy. Meanwhile, your credit card beckons with its generous limit.
What...
