retirees

A shareholder once asked Warren Buffett, Charlie Munger if Social Security is a ‘government-sponsored Ponzi scheme for retirees’ — their answer was received with laughter and applause

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A shareholder once asked Warren Buffett, Charlie Munger if Social Security is a ‘government-sponsored Ponzi scheme for retirees’ — their answer was received with laughter and applause Social Security has long been a subject of intense discussion in America, but investing legend Warren Buffett’s position on the issue is unmistakably clear. During Buffett’s company, Berkshire … Read more

40-year-old millionaire who retired early only lasted 5 months—here’s what made her go back to work

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My entire life used to be about maximizing my time for work. I spent over a decade building a career in New York’s tech scene. I worked at Foursquare and Google, and in 2014, I started my business, Tech Ladies. My goal was to help women in the industry find jobs, negotiate and network. I hired … Read more

Early retirement is changing — here’s what to consider, according to the experts

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Ascentxmedia | Istock | Getty Images Retiring early is a dream for many, but can often appear impossible unless you’ve made millions throughout your career. “Twenty years ago rates of early retirement were fairly similar across different wealth levels,” Heidi Karjalainen, a research economist for retirement, saving and aging at the Institute for Fiscal Studies … Read more

Retirees Are Getting a Social Security Raise. Here’s When the Bigger Checks Will Come

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If you are currently receiving Social Security benefits, you may be aware that the amount of your benefits check is going to increase next year. A cost-of-living adjustment will be going into effect, which will result in retirees and other Social Security recipients getting more money. But, exactly when will you start to get those … Read more

How retirees can safely withdraw more from savings—and not run out of money

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From Gen Z to baby boomers, one of workers’ darkest fears about retirement is outliving their money. So figuring out just how much to pull from retirement accounts for living expenses each year is, well, unnerving. You get it wrong, and the aftermath is bone-chilling. But here’s some good news. According to a Morningstar Inc. … Read more

The Netherlands named the best place to retire — here’s how other countries compare

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Retirement income systems vary in different countries, and the U.S. does not come out on top. Klaus Vedfelt | Digitalvision | Getty Images Long-awaited retirement plans might include traveling to far away countries, picking up new hobbies, spending time with family — and often a hope that money and support with things like health insurance … Read more

OPEC Just Did Social Security Retirees a Huge Favor

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If you’re a retiree collecting Social Security, you probably know that one of the most important days of the year is just around the corner. The Social Security Administration (SSA) announces the cost-of-living adjustment (COLA) every year in mid-October. The COLA is the amount by which your Social Security checks will increase next year, and … Read more

Whether or not U.S. seniors amongst developed world’s poorest is dependent upon information used

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Peopleimages | E+ | Getty Pictures Is old-age earnings poverty too excessive? Take into account this thought train: What’s a tolerable poverty fee amongst American seniors? By one metric, the U.S. fares worse than most different developed nations on this class. About 23% of Individuals over age 65 stay in poverty, in accordance with the … Read more