Britain’s Chancellor of the Exchequer Jeremy Hunt leaves Downing Street in London, Britain September 13, 2023. REUTERS/Toby Melville/File photo acquire license rights LONDON, Oct 25 (Reuters) – Britain will not force pension funds to consolidate or invest in high-growth companies, but changes must be made to the sector to offer retirees better long-term returns term, …
Amy Caiazza is a securities, fintech and blockchain partner in the Washington, DC office of Wilson Sonsini Goodrich & Rosati. She leads the firm’s Fintech and Financial Services group, advising clients on regulatory and transactional matters involving securities and commodities laws. Cutting-edge technology, from machine learning and AI to new payment pathways, are transforming the …
You’ll need money in retirement to cover your bills outside of Social Security. These monthly benefits will only replace about 40% of your pre-retirement income if you earn an average salary. If you prefer not If you’re facing a 60% pay cut in retirement, then saving for yourself is crucial. And you can do it …
If you’re approaching retirement age, you’re probably thinking about all the different ways you want to spend your golden years. When do you dip into that hard-earned 401k? How will you spend your days from now on? And, perhaps more importantly, where do you want to live in retirement? Well, if you’re looking for the …
Over the past decade, the price of my home insurance has slowly increased. It was never enough to motivate me to look for a new company. I thought this was the typical increase in the price of a product over time due to inflation and such. But then, a few weeks ago, I received my …
Question: My cousin recently informed me that he has been working with a financial planner for years and will be retiring at 55. I live in the UK. Is it advisable to hire a financial planner in the UK or have advisors in the US work with international clients? When we sought financial advice 2 …
What happens when someone with trust issues with advisors decides they need help with their investments? In some cases, they write to me to assure me that they will be supported by a counselor. Here’s the latest: Now that we are both retired, managing our funds is more complex, and although I need support, I …
Time and time again, research shows that the personal relationship between a client and their advisor is paramount to the success of both parties. Without a strong personal relationship, advisors cannot provide the level of personalized, high-quality advice that clients seek today. For this reason, clients may disengage from their advisor or fire them outright …
Many older adults get most of their income from their monthly Social Security benefits. So naturally, Social Security recipients tend to expect a significant cost of living adjustment, or COLA, from one year to the next. In 2023, Social Security recipients obtained a COLA of 8.7%. But the 2024 COLA will be much smaller. The …
Pay Dirt is Slates’ financial advice column.Have a question?Send it to Athena and Elizabeth here.(It’s anonymous!) Dear Pay Dirt, Joe and I dated many years ago and the relationship blossomed into a deep and loving platonic friendship. We were both in our late 60s and weren’t interested in finding other partners. We never shared finances …