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. They must cope with issues such as lower trigger amounts for taxes on Social Security and Medicare and reduced guaranteed income.

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

Whilst reducing contributions now would make relatively small savings each month, the impact on retirement savings in later life will be dramatic, due to lost employer contributions and tax relief.” It’s therefore more important than ever to ensure employees are engaged with their pensions.

Pension 105

Pension Pension Benefit Taxes Education 105

Employee Benefits

MARCH 4, 2024

Employers will need to review policies for employees who previously opted out of the pension scheme because they may have been close to the lifetime allowance. Two new limits will be introduced in April to control tax relief on pension lump sums. Some employers offered a cash benefit instead of a pension contribution.

Pension 59

Pension Pension Benefit Employment Taxes 59