25+ min ago (824+ words) Read on to find out the exact amount you'll lose HARD-WORKING savers stand to be at least "20,000 worse off following the Chancellor's major changes to pension savings announced in this week's Budget. In a massive pension tax raid, workers will soon be forced to pay the full rate of National Insurance on any contributions they make over "2,000 a year. Contributions above that threshold will be taxed in the exact same way as other employee pension contributions, stripping away a vital benefit used by millions to boost their nest eggs. Salary sacrifice has long been a savvy trick for Brits to exchange part of their salary for a pension contribution from their employer. Previously, the slice of pay they gave up wasn't subject to National Insurance, meaning both employees and employers saved cash. Many generous bosses even passed those savings back…...

37+ min ago (366+ words) Most Social Security payments adhere to a straightforward guideline based on your birth date. If your birthday falls between the 1st and 10th of the month, your payment is issued on the second Wednesday. For those with birthdays from the 11th to the 20th, the deposit occurs on the third Wednesday, while individuals born from the 21st to the end of the month receive their payments on the fourth Wednesday. This system is one that seldom undergoes changes. The timetable for Supplemental Security Income (SSI) is entirely different. SSI benefits, which are designed for low-income seniors and individuals with disabilities, are generally distributed on the first day of each month. The sole exception arises when this date coincides with a weekend or a federal holiday. In such cases, the funds are disbursed earlier. This situation has already occurred once during the current cycle: the SSI…...

2+ hour, 32+ min ago (148+ words) The EU has recognized what has been known for a long time: you need to save for retirement yourself Historically, the current pension system of the EU countries was created with the expectation that, upon retirement, a person would live only a few years, and also on the basis of the assumption that the number of employees would exceed the number of pensioners. But, as it turned out, both "assumptions" turned out to be wrong. For some reason, modern Europeans refuse to die immediately after retirement and on average still live from 15 to 20 years. And population growth in the EU countries has also stopped in order to pay old-age benefits at the expense of contributions from the working population. So the European Commission suggests that EU members create more efficient pension systems that would complement state pensions and provide pensioners…...

3+ hour, 11+ min ago (970+ words) (CNN) " Spending the holidays with your adult children and the grandkids? If so, their futures may be on your mind, especially if you sense " or they just flat-out say " they're not flush enough to buy a home, put their own kids through school, or pay off big debts they've acquired. As a parent, you may wonder if you should help them or if it makes more sense to stay out of it and leave them money after you die, if that's an option. To figure out what is right for you, here are four questions to consider: Think carefully about how much you can comfortably offer. "It's understandable to want to support your children. (But) balance that emotion with whether you can afford it," said Rob Williams, head of Financial Planning and Wealth Management Research at the Schwab Center for…...

3+ hour, 11+ min ago (970+ words) (CNN) " Spending the holidays with your adult children and the grandkids? If so, their futures may be on your mind, especially if you sense " or they just flat-out say " they're not flush enough to buy a home, put their own kids through school, or pay off big debts they've acquired. As a parent, you may wonder if you should help them or if it makes more sense to stay out of it and leave them money after you die, if that's an option. To figure out what is right for you, here are four questions to consider: Think carefully about how much you can comfortably offer. "It's understandable to want to support your children. (But) balance that emotion with whether you can afford it," said Rob Williams, head of Financial Planning and Wealth Management Research at the Schwab Center for…...

5+ hour, 12+ min ago (783+ words) Most people know they should have an estate plan, yet many put it off for years. The reasons vary " it feels overwhelming, it forces us to think about difficult topics, or life just gets busy. But here's what often gets overlooked: the process of completing an estate plan doesn't just protect your family. It can genuinely reduce your stress. The Weight of Unfinished Business There's a particular kind of anxiety that comes from knowing something important remains undone. For many Idahoans, estate planning sits on that mental list of things they'll "get to eventually." Meanwhile, that unfinished task quietly occupies mental space, surfacing during quiet moments or whenever news of someone else's family struggles reaches us. Completing your estate plan removes that weight. Clients often tell me they feel lighter after signing their documents " not because the process was difficult,…...

7+ hour, 27+ min ago (652+ words) For decades, people have fretted about the financial sustainability of America's bedrock retirement income program. Now, Social Security's precarious fiscal state is an issue for the here and now," Axios reports. How to fix it is set to be a defining political fight of the next several years, with millions of Americans' benefits and the fiscal future of the United States at stake." Republican-led committees in the Senate and the House say they will amplify their scrutiny of the Pentagon after a Washington Post report revealing that Defense Secretary Pete Hegseth gave a" New York Times: More than a dozen candidates, as well as hundreds of state and county election officials across Texas, are watching and waiting for the Supreme Court to decide" Politics and debt don't mix well. Americans would be wise to look across the Atlantic to see…...

9+ hour, 56+ min ago (767+ words) Data shows that a fair amount of workers today do not have a 401(k) available to them. An IRA is a good alternative, but the lower contribution limits might trip you up. You can supplement IRA contributions with a taxable brokerage account and look to an HSA if you're eligible for one. Saving independently for retirement is crucial if you want to be able to enjoy your senior years and not be worried about money constantly. And one of the easiest ways to build a retirement nest egg is to contribute to a workplace 401(k). The nice thing about 401(k) plans is that they get funded through automatic payroll deductions. When the money for your retirement savings is coming out of your paycheck before you get a chance to touch it, it's a good way to stay on track. Also, many companies that…...

10+ hour, 43+ min ago (605+ words) With a little encouragement from his father, Phyrell Simpson has cracked the code to retiring a millionaire. The 20-year-old investor has been buying Australian and US stocks for the last two years for a simple reason, he "doesn't want to be broke when he is older so he is starting to prepare" his finances now. By starting young, he is consistently buying and letting his returns compound. While Mr Simpson says he doesn't have a strict long-term plan with his investing, he wants to use his returns for big picture goals, including "buying a home" and "having enough for a comfortable retirement". Mr Simpson says he keeps his investing simple, with the majority of his money in an ASX and a Nasdaq exchange traded fund. "It is prettily evenly split. Both markets are both pretty uncertain right now, so I…...

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