Tag: guaranteed income

Poor choice of pension products can make older Brits dissatisfied and depressed in retirement, research by Legal & General and Demos found.

Analysis of the English Longitudinal Study of Ageing has found evidence of a link between health and well-being and the choices people make about how they use their pension savings.

The research found bad product decisions can have the biggest impact on Britain’s poorest 50 per cent of retirees. Out of them, those who have had put their money into investments were twice as likely to have not enjoyed their life over the past week (19 per cent) than […]

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Under current laws, couples must be married for five years of more to be entitled to the same privileges. (Image: Kobiz Media) SEOUL, Nov. 19 (Korea Bizwire) — A new law that would entitle each spouse to half of the other’s national pension funds upon divorce after a marriage period of one year or longer is being pushed forth.

Under current laws, couples must be married for five years of more to be entitled to the same privileges.

According to the Ministry of Health and Welfare and the National Assembly, the newly proposed version of the law is currently under review, […]

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Number of those applying for the Guaranteed Minimum Income allowance has dropped along with the number of unemployed Of 2,500 applications currently under consideration for payment of guaranteed minimum income, some 1,600 are repeat applications, resulting in delays in processing, a labour ministry official said on Monday.

Phanos Kouroufexis told the Cyprus News Agency the ministry was looking at measures and procedures to address the problem of recurring claims, and also better serve those receiving benefits.

Many applications regarding the minimum guaranteed income are rejected because the applicants’ revenue is above the criteria set, or they have bank deposits or because […]

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Social Security provides the cornerstone of most Americans’ retirement plans, with over half of eligible retirees relying on it for more than half their income. Your benefits depend on two primary factors: your annual lifetime earnings and the age at which you begin collecting. You can start collecting as young as age 62, and despite the fact that starting that young results in the lowest monthly check you can receive, it’s by far the most common age to begin .

If you wait until your full retirement age, your benefits are larger and you get more flexibility in your ability […]

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(iStock) South Africans’ expectations of how much retirement income they will receive one day don’t line up with reality, a survey has shown.

The survey was conducted by Just South Africa, a retirement income specialist.

Deane Moore, CEO of Just Retirement South Africa, says this is concerning, especially considering that most people are not saving enough for retirement in the first place. This means "their pot of assets available at retirement is not sufficient to begin with", he warns.To get a better idea of the crisis in SA, Just surveyed a group of South Africans between the ages of 55 and […]

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Older people in the UK are facing a ‘Retirement Income Riddle’ that is leaving them more dissatisfied and depressed in retirement, new research by Legal & General and Demos has revealed. Analysis of the English Longitudinal Study of Ageing (ELSA) has found evidence of a link between health and wellbeing and the choices people make about how they use their pension savings. The results suggest that thousands are potentially choosing options or even defaulting into arrangements that are increasing their likelihood of feeling depressed in later life or unable to plan for the future. In particular, the research […]

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What if you had your own guaranteed income, six month’s paid maternal leave, free health care and government-subsidized daycare? Wouldn’t that turn you on? It’s no pipe dream; for 70 years, the Soviet Bloc countries provided these benefits and much more to its women. And not solely to ensure a growing population of future workers. The Russian Revolution was sparked by women going factory to factory, demanding the Tsar pull out of World War I. At least at the initial flowering of Bolshevism, women’s rights were at the forefront. This history has been obscured, if not deliberately suppressed here […]

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Retirement

Research highlights gaps between expectations and reality. Less than a third of people have thought about dementia or Alzheimer’s disease or made plans to protect their financial future should they be afflicted by these conditions. Picture: Shutterstock Most South Africans want a secure guaranteed income for the rest of their life once they retire, but many also want to leave money to the family if they pass away.

This is one of the key themes that have emerged from a tracking study conducted by Freshly Ground Insights. The study is based on face-to-face interviews with 345 South Africans […]

Full Post at www.moneyweb.co.za

Hi there….

Let’s start with the financial… We have Guaranteed, verifiable monthly income of a minimum of 3k per month until 2026.

My husband and I are both over 40, we are full time students, he is pursuing his BS in Psych/Addiction counseling and I am working towards my doctorate in Psych/Counseling. We are in fully online programs.We have 2 teens, also participating in online studies. Our son is 13 and our daughter is 18. We have two medium size well behaved service dogs with references.We are looking to relocate back to Cali Coast. Michigan was not kind and we are […]

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