Money Talk

SEPTEMBER 28, 2023

Below are six take-aways about some recent seminars that I attended about longevity risk: Ticking Time Bomb - One speaker called longevity risk a “ticking time bomb” in financial planning. For example, instead of two Social Security checks, there will be one, along with a reduced (survivor) pension benefit.

Pension 194

Pension Pension Benefit Insurance Taxes 194

Money Talk

SEPTEMBER 12, 2024

This post describes five changes in income and expenses that widowed persons can expect: Reduced Income - I heard this example at a recent seminar. If the husband dies first, the wife is left with $1,250 (50% of husband’s pension), $800-wife’s pension, and $2,000 (highest Social Security) for income of $4,050 ($48,600 annually).

Pension 162

Pension Pension Benefit Taxes Entertainment 162

Employee Benefits

SEPTEMBER 6, 2023

Empower employees with financial education Whilst some information may be provided via a website or leaflet, actually attending an interactive financial education workshop about pension options and retirement income options is far more engaging.

Pension 105

Pension Pension Benefit Taxes Education 105

Employee Benefits

MARCH 4, 2024

From April 2023, the LTA charge was removed and pension benefits have been taxed as income with no additional penalty since then, but the formal abolition of the LTA required a raft of new legislation which is now complete, so this will take place from April 2024.

Pension 59

Pension Pension Benefit Employment Taxes 59

Money Talk

DECEMBER 19, 2024

Not a week goes by that I dont receive colorful tri-fold invitations to free meal seminars for investments and preplanned burials and cremations. Below are five Barbservations about the seminar format, content, and take-aways: You Will Get Hungry- I typically eat dinner around 6:30 pm, which is when the presentation was slated to start.

Pension Benefit 159

Pension Benefit Pension Banking Food 159