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Keyword: retirementmoney

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  • Nearly Half of Retired Americans Pass Away with Minimal Savings: Analyzing the Financial State of the Elderly

    03/04/2024 3:49:10 AM PST · by where's_the_Outrage? · 92 replies
    TrendyDigests ^ | March 3, 2024 | Noah smith
    The financial landscape for many Americans is far from secure, as recent studies shed light on the alarming state of savings at life’s end. According to a report from the National Bureau of Economic Research, a significant portion of Americans – 46% to be exact – exit life with a sobering financial snapshot: $10,000 or less in their savings accounts. This revelation strikes at the heart of the retirement crisis narrative, contrasting the security of pension plans and Social Security benefits with the harsh truth of inadequate personal savings. The study followed seniors from 1993 to 2008, revealing a complex...
  • Trump orders federal retirement money invested in Chinese equities to be pulled

    05/11/2020 10:53:34 PM PDT · by knighthawk · 30 replies
    Fox Business ^ | May 11 2020 | Blake Burman
    President Trump is moving to cut investment ties between U.S. federal retirement funds and Chinese equities, FOX Business has learned in a move that is tied to the handling of COVID 19. In the first letter written Monday, obtained exclusively by FOX Business, national security adviser Robert O’Brien and National Economic Council Chair Larry Kudlow write to U.S. Labor Secretary Eugene Scalia stating that the White House does not want the Thrift Savings Plan, which is a federal employee retirement fund, to have money invested in Chinese equities that numbers about $4 billion in assets.