Blog
South Carolina Officials Consider Updates to Retirement Plans for Government Employees
South Carolina is reevaluating its retirement plans for public employees with proposed changes aimed at creating a more sustainable and flexible system. Key updates include removing earnings caps for retirees, offering new retirement options like the Shared-Risk Defined Benefit Plan and WealthBuilder Savings Plan, and shifting towards a more sustainable funding model. These changes could provide better options for future retirees while addressing funding shortfalls and offering more control over personal retirement planning.
California Lawmakers Review Potential State Worker Retirement Shifts in New Proposal
California lawmakers are reviewing new proposals to overhaul state worker retirement benefits, including adjustments to pension formulas and the flexibility for local governments to negotiate supplemental benefits. These changes aim to address rising pension liabilities but could increase the state's financial strain. The outcome of these proposals will shape the future of California's public sector workforce.
DWP Lowers Estimated Reimbursements for Unpaid UK State Pensions in New Forecast
The UK’s Department for Work and Pensions (DWP) has revised its forecast for state pension reimbursements, lowering expected payouts significantly. With underpayments impacting thousands of stay-at-home parents and carers, it’s crucial to stay informed and respond to government correspondence to ensure eligibility for compensation.
Waze Co-Founder Shares Candid Retirement Advice After Years of Entrepreneurship
Waze co-founder Uri Levine shares valuable retirement advice based on his entrepreneurial experience. Starting early is key, allowing your savings to grow with compound interest. By following simple steps like contributing to a 401(k) or IRA, avoiding common mistakes, and investing wisely, you can ensure a secure financial future. Read on for practical tips and expert insights.
Millennials Say They Need $847,000 to Feel Financially Secure—Here’s What Other Generations Think
Millennials believe they need $847,000 to feel financially secure. But how does this compare to Gen Z, Gen X, and Baby Boomers? This article breaks down generational expectations, financial needs, and provides actionable tips on how to improve your financial security—whether you’re just starting out or preparing for retirement.
Dave Ramsey Advises Caution and Planning on 401(k) Contributions Amid Economic Shifts
Dave Ramsey advises caution and planning when it comes to 401(k) contributions, urging people to prioritize employer matches, explore Roth IRAs, and save 15% of their income. He also recommends diversifying investments and being wary of overexposure to company stock and target date funds. Follow these strategies to build a secure and successful retirement plan.