Madison, Wisconsin – As President-elect Donald Trump considers pardoning the rioters involved in the violent attack on the U.S. Capitol on January 6, 2021, a candidate for the Wisconsin Supreme Court is joining efforts to reshape the narrative of that day. Brad Schimel, a former Wisconsin Attorney General running for a seat on the state’s … Read more
Most Americans finance their retirement with faith that investing will help their savings keep pace with inflation and institutions will continue to operate as usual. When everything appears at stake, and nothing is definite, it’s hard to be optimistic. The American retirement system is a gamble.
Is Inflation Eroding Your Retirement?
Despite your best efforts, inflation gnaws away at retirement benefits like chronic, incurable sickness and eroding retirement benefits that often fail to keep pace with the growing cost of living. Inflation’s impact on a family’s savings is taboo for many households since it presents the dreadful possibility of outliving their resources. This year, no American, whatever age, can ignore it. Currently, the U.S. inflation rate is at its highest level in approximately three decades.
Retirees need to have a reliable source of income. Retirees who have depleted their retirement funds must obtain income from other sources or, if possible, return to work. However, you can protect your retirement savings from spending them down too quickly by calculating a safe withdrawal rate correctly.
Medicare becomes available to most people around the time of their 65th birthday. You can be charged a late enrollment penalty for as long as you have Medicare if you don’t enroll during the initial enrollment
In retirement, the cultural norm is that you are living a good life. Psychologists and others have found that working and volunteering during retirement can reduce depression, dementia, and hypertension. Other evidence suggests that these activities aren’t the key to everyone’s well-being. To find out what makes people happy, people should spend as much time planning their social or psychological portfolios before retirement.
Even though saving for retirement is important, your plan of action once you retire is at least as important. Regardless of how well you save during the accumulation phase, it’s crucial to plan how you will convert those assets into income.
Zhuhai, Guangdong Province, China – As Xi Jinping grapples with mounting challenges to his leadership, a wave of violent incidents and social protests across China paints a stark picture of the country’s deepening social malaise. In recent months, the nation has been rocked by a series of violent attacks, including a tragic incident where a … Read more
Amsterdam, Netherlands – Recent violent attacks in Amsterdam have put a spotlight on the Pro-Palestine movement, causing concern among members and supporters of the cause. The clashes and incidents have led to tensions escalating in the city, drawing negative attention to the movement and its goals. The Amsterdam Attacks, involving clashes and confrontations between Pro-Palestine … Read more
Bristol, England – Each year, approximately a million individuals in England and Wales fall victim to violent crimes, experiencing long-lasting mental and physical health repercussions in addition to the immediate harm. These victims often require support from health services, victim services, and may have interactions with law enforcement. Moreover, a recent study conducted in England … Read more