Embark on an SEO-optimized, creatively enhanced, and unique journey! Bid farewell! Life on solid ground appeared insufficient for the ever-thirsty Mike Soroker, aged 80. After discovering an affection for cruising with his wife Barbara, aged 75, during their four delightful voyages, the retired couple made a daring decision—to purchase a condo aboard a cruise ship …
Michael Caine made his acting debut just three years after Queen Elizabeth II ascended to the throne. After a career spanning nearly seven decades, it seems that The Great Escaper may be his final film. In an interview with the Telegraph, the iconic British actor, now 90 years old, stated, “I am bloody 90 …
A report commissioned by the Alberta government suggests that the province would be entitled to over half of the assets of the Canada Pension Plan (CPP) if it were to withdraw from the national program and establish its own retirement savings plan. A third-party report conducted by consultant Lifeworks, which was released on Thursday, estimates …
Regular updates and statements on your pension are essential. Your scheme provider should provide these, along with a website where you can login to track your pot’s performance and ensure that you’re on track to meet your retirement goals. Some individuals who work for large companies or in the public sector may have a different …
Not only will you benefit from employers contributing to your pension, but there are also additional perks. Currently, employers are required to contribute at least 3% of your salary, and in many cases, they will match your own contribution. As a result, the amount of money in your pension could potentially double, and this growth …
Civil service pensions offer a secure income that is protected against inflation and guaranteed by the government. These pensions are calculated as a percentage of either the final salary or the average salary throughout the career. They are adjusted each year to match the inflation figures of that September. Last year, they increased by 10.1%, …
The Parliamentary Ombudsman recently determined that the Department for Work and Pensions failed in providing clear communication regarding changes in the state pension age. However, no recommendations for redress have been published by the Ombudsman yet. Angela Madden, leader of the “Waspi” campaign, expressed her frustration, stating, “For the 250,000 women who have tragically passed …
Experts have cautioned that the future of retirement remains uncertain. Since April 1977, plans have been set in motion to raise the state pension age to 68 between 2044 and 2046. This change is projected to save the Treasury billions of pounds by reducing the cost of state pensions and increasing income tax revenue from …
Did you know that more than 1 in 3 people who divorce in the United States are age 50 or older? And 1 in 4 are 65 or older? These statistics come from a 2022 analysis published in the Journals of Gerontology. Divorcing as you near retirement—or after you’ve retired—comes with a unique set …
Despite the high cost of living, a recent survey reveals that Gen Z and millennial Canadians are still eager to start saving for retirement. In the face of the Bank of Canada’s decision to maintain a key interest rate of 5.0 per cent on September 6, financial pressures persist even after previous interest rate hikes. …