July 2020

21Jul

Taiwanese planning for retirement earlier than four years ago: survey

A survey released Monday showed that Taiwanese people are saving money or making investment plans in preparation for life after retirement earlier than four years ago as they have less confidence in the deficit-ridden government pension program. According to the survey, conducted by National Chengchi University's (NCCU's) Department of Risk Management and Insurance and Taiwan Life Insurance Co., respondents said they would start saving money for retirement at an average age of 37.87, compared with 43.29 in the...

July 21, 2020
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20Jul

Financial Corner: How Can You Help Lower Your Longevity Risk?

Insurance companies and pension funds view longevity risk as the risk they incur when their assumptions about life expectancies and mortality rates are incorrect, leading to higher payout levels. But for you, as an individual investor, longevity risk is less technical and more emotional: it’s the risk of outliving your money. To assess your own longevity risk, you’ll first want to make an educated guess about your life span, based on your health and family history. Plus, you’ve got...

July 20, 2020
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June 2020
20Jun

Journal of Pension Economics & Finance

By: Monika Bütler, Olivia S. Mitchell, J. Michael Orszag. The Journal of Pension Economics and Finance (JPEF) is the only academic journal focusing on the economics and finance of pensions and retirement income. The ageing population, together with the shrinking workforce, heralds a growing pensions crisis, which has become a key public policy issue in developed countries and elsewhere. JPEF provides a valuable and influential forum for international debate in this area. The journal is co-sponsored by the International Organisation of Pension Supervisors...

June 20, 2020
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08Jun

US. The Reason COVID-19 Might Destroy 22% of Workers’ Retirement

Ever since U.S. cases of COVID-19 started multiplying back in March, the economy has been in shambles. Millions of workers have lost their jobs, while countless small businesses have closed their doors, perhaps forever. With so many people desperate for money, it's clear that a relief package was necessary, and so in March, lawmakers passed the CARES Act. Perhaps the most popular feature of the CARES Act was the $1,200 stimulus payment it produced, but another notable feature is...

June 8, 2020
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May 2020
26May

US. The No.1 reason people make early withdrawals from retirement funds may surprise you

By John Anderer Retirement is the prize at the end of the work marathon. Any financial advisor or accountant will tell you it’s a good idea to start saving for retirement as early as possible, and the average working adult spends decades adding money, little by little, to his or her retirement fund. When the time comes, that money will be spent on leisure, fun, and everything else we can’t do while working full time. Now, you’re not supposed to touch...

May 26, 2020
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April 2020

06Apr

US. Some companies are cutting 401(k) matches because of the coronavirus

Some companies hit hard by the coronavirus pandemic are suspending or reducing matching contributions to their employee retirement plans. Others are exploring their options. Amtrak said an unprecedented loss of ridership and revenue has led the company to suspend its 401(k) match as a measure to “cut costs to minimize employee and service impacts,” according to Amtrak’s Kimberly Woods. The Marriott International retirement savings plan matching contribution for 2019, initially planned for March 10, has been delayed to September...

April 6, 2020
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February 2020

06Feb

Retirement Planning: Why millennials need to start saving early

The young cohort of Indian population - Millennials - must realize the evolving scenario and appreciate the importance of saving early for a better post-retirement life. Globalization, innovation, advances in science and technology — our world is changing rapidly amid these developments. Many of these trends are so impactful that they can be considered megatrends. Changes brought about by such magnitude are already shaping societal constructs, how people lead their daily lives, plan for their future, and, ultimately, prepare...

February 6, 2020
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January 2020

02Jan

US. Estate Planning: What Does the SECURE Act Mean for You and Your Retirement?

The SECURE Act signed into law in December is the most important retirement legislation in over a decade. The overall goal of the SECURE Act was to make saving for retirement easier and more affordable. Read also Japan’s GPIF is right — short selling is downright irresponsible What’s New? One major change is that the age that individuals must start taking their minimum distributions from retirement accounts has been raised from 70 ½ to 72. This is important because it...

January 2, 2020
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December 2019

13Dec

Economist: The system is ‘flawed’ when most Americans have little or no retirement savings

It’s no secret that Americans are falling short when it comes to saving enough for retirement. But as a new report shows, many are disastrously unprepared — and that may point to flaws in the system. Progressive think tank the Economic Policy Institute found that Americans 56 to 61 had a median balance of $21,000 in their 401(k) accounts in 2016, which is the most up-to-date data on file. That total reflects almost 30 years of savings. Younger generations do not fare much...

December 13, 2019
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November 2019

21Nov

Young people are saving more for retirement than Boomers and Generation X — and this is why

Young people are saving more than previous generations, according to a study, flipping the historical trend that saw older savers put the most money aside towards retirement. This was the stunning finding of a global survey of more than 25,000 investors across 32 countries, by asset manager Schroders. The study revealed those aged between 18 and 37 – Generation Z and millennials, though the study groups them all as millennials – are saving nearly 16% of their annual income...

November 21, 2019
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