Retirement Planning Archives - Page 7 of 20 - Pension Policy International

21JunJune 21, 2024

How planning for LGBT retirement differs

By UBS Wealth Management The U.S. Supreme Court’s landmark decision on same-sex marriage in 2015 made marriage equality the law of the land, giving same-sex partners spousal inheritance rights, survivor social security, tax credits, second-parent adoption rights and other benefits accrued to married couples. Yet as momentous as that decision was, “the right to get married doesn’t fix all the other problems out there,” says David Mietty, Wealth Management Consultant at UBS. He notes, individuals may still encounter workplace and housing...

June 21, 2024

Articles, Pension design2023, LGBT, Retirement Planning, US

21JunJune 21, 2024

How financial advisors can help LGBTQ clients prepare for retirement

However, as they prepare to settle down and retire, LGBTQ people tend to have higher debt and lower confidence, which can make them particularly vulnerable as they plan for retirement. Advisors can take steps to make sure they are conscious and respectful of how clients' identities may affect their retirement planning. Financial Planning spoke with three LGBTQ advisors who service clients in their community and asked them about how they best provide top-notch advice to their clients. Jana Davis, a financial...

June 21, 2024

NewsFinancial Literacy, LGBT, Retirement Planning

20JunJune 20, 2024

All Generations Agree These Are America’s Top 3 Retirement Savings Worries

As Americans contemplate their retirements and envision their golden years, a cascade of serious concerns and anxieties often accompanies these thoughts. Retirement planning is riddled with weighty financial decisions, and it’s common for individuals to grapple with these uncertainties. A recent survey conducted by GOBankingRates highlights some of the most significant worries Americans have about their retirement. Major Retirement Concerns 1. Running Out of Money A significant 59% of survey respondents fear the possibility of running out of money during retirement. This...

June 20, 2024

NewsRetirement Planning, US

20JunJune 20, 2024

US. The Best Places to Retire Overseas for LGBTQ+ Seniors

A growing number of U.S. citizens are looking to retire overseas. For those who identify as lesbian, gay, bisexual, transgender and queer, there may be special considerations beyond affordability and access to quality health care. For example, it’s important for most LGBTQ+ retirees to settle somewhere that’s safe, allows same-sex marriage and boasts a lively and dynamic LGBTQ+ community. But before deciding on a home overseas, LGBTQ+ retirees should consider some practical aspects. "I recommend extensively researching how your income will be taxed in your potential...

June 20, 2024

NewsLGBT, Retirement Planning, UK

17JunJune 17, 2024

US. Gen X is the least confident about retirement as ‘crunch time’ nears—and has done less to prepare than boomers or millennials

The cohort once derided as the “slacker generation” is about to start heading into retirement, and many Gen Xers aren’t feeling so optimistic about it after not doing as much to get ready. Only 62% of Gen Xers feel confident about “being able to financially support all the things they want to do in life,” according to Allianz Life Insurance’s 2024 annual retirement study. That’s well below baby boomers (82%) and millennials (77%). To be sure, the simple fact that Gen X...

June 17, 2024

NewsGen X, Gen Z, Millennials, Retirement Planning, US

14JunJune 14, 2024

Retirement Confidence Survey and the LGBTQ Community

By Craig Copeland (Employee Benefit Research Institute) & Lisa Greenwald (Greenwald Research) The Retirement Confidence Survey (RCS) was conducted for its 32nd year in 2022 to measure attitudes of American workers and retirees about issues surrounding retirement. For the first time, in 2022, the RCS included an oversample of LGBTQ Americans to allow for an analysis of the challenges that LGBTQ workers and retirees face in preparing for and living in retirement. Questions included in this year’s survey explore priorities...

June 14, 2024

Books, Books, Pension design, Reports2022, Aging, Income, LGBT, Retirement Planning

14JunJune 14, 2024

Pioneering Safe & Inclusive LGBT Specific Retirement Accommodation. Exploring Models in the USA, UK, & Spain

By Liam Concannon With significant advances in equal rights for lesbians, gay men, bisexual and transgender (LGBT) citizens, achieved across the western world during the past few decades, one group that continues to be overlooked is LGBT elders. This article examines the unique discrimination and homophobia faced by older LGBT people living in nursing and residential care homes. It investigates ways in which these environments construct and perpetuate heteronormativity by addressing the needs of heterosexual residents, while at the same...

June 14, 2024

Aging, Articles2022, Aging, LGBT, Retirement Planning

07JunJune 7, 2024

A Wealth of Well-Being: A Holistic Approach to Behavioral Finance

By Meir Statman I often note that the biggest risks in life are not in the stock market. If you want real risk, I say, get married. And if you want more risk, have children. People laugh, because the point is obvious. Yet that point is regularly lost when we speak about financial well-being, neglecting life well-being. I was motivated to write my book, “A Wealth of Well-Being, by reflecting on my own financial and life well-being and those of...

June 7, 2024

Articles, Pension design2024, Behavioral Science, Income, Retirement Planning

04JunJune 4, 2024

US. Here’s How Every Generation Views Retirement in 2024, From Gen Z to Baby Boomers

Different generations might have different viewpoints about retirement based on their values and experiences, but one thing just about every age group agrees on is that you need a lot of money to retire comfortably in the United States. A study released earlier this year by Northwestern Mutual found that every generation except boomers believes it takes over $1 million to retire comfortably. The average retirement savings target is $1.46 million. Here’s how it breaks down by generation: Gen Z: $1.63 million Millennials: $1.65 million ...

June 4, 2024

NewsBoomers, Gen Z, Millennials, Retirement Planning, US

03JunJune 3, 2024

10 of America’s most affordable retirement spots, where the weather is good and healthcare is top-notch

Realtor.com ranked top retirement spots based on home prices and amenities for older residents. Florida is a popular retirement destination, but California and New Jersey had a few in the top 10. Many seniors face financial constraints and depend on Social Security for retirement. As many Americans prepare to retire, many are wondering just how far their finances can take them. After all, a majority of seniors live on meager incomes, and many are reliant on ever-imperiled Social Security. But for the workers who have put in...

June 3, 2024

NewsRetirement Planning, US

June 2024