#retirement-savings

#retirement-savings

What if your parents have no retirement savings? This is an issue that a Reddit user is currently dealing with. His parents are Baby Boomers who, he says, exhausted their funds five years ago - although they only told him when they were on the brink of homelessness. Because of health problems and age-related constraints that make work impossible, the user stepped in to support them and to manage their finances.

The average Irish woman's pension pot is a "staggering" 40pc less than men's. An average pension pot for a man in Ireland is €102,000. But it is only €60,500 for women, according to research by the Irish-owned network of financial advisers Ask Acorn. This means that Irish women have on average saved around €41,400 less into their pension pots than men, indicating a gender pension gap of 40pc, according to a survey conducted by iReach for Ask Acorn.

Seniors in 41 states are projected to have more expenses than income during their golden years, putting them at risk for outliving their retirement savings, according to a new study by Seniorly, an assisted living online marketplace. The amount they're missing, on average, over the course of their retirement years: $115,000. RELATED: Leaving California: Where's the best state to move to in 2025? In California, the gap between projected income and expenses for retirees is far higher: $337,000. Along with the Golden State, three other states New York, Hawaii and Alaska have the nation's highest retirement gaps, where people's income likely can't keep up with expenses.

Welcome toMoney Diaries where we are tackling the ever-present taboo that is money. We're asking real people how they spend their hard-earned money during a seven-day period - and we're tracking every last dollar.Today: a psychiatric nurse practitioner who makes $166,000 per year and who spends some of her money this week on a post-surgery Uber. Editor's Note and Content Flag: This is a follow-up diary.

Private credit allows investors to lend money to private companies rather than buying stock, offering high risk and high reward, often independent of the stock market.

President Trump is making moves to ease regulations on using retirement savings for investments in cryptocurrencies, private equity, and other non-traditional assets.

The federal government aims to encourage school children in Germany to think about saving for retirement from an early age through an early start pension initiative.

When Rivera started her second role in 2020, her pay increased to about $100,000 from roughly $60,000. Additionally, when she accepted the extra position, she initially worked 80-hour weeks but has since scaled back to about 60 hours.

When faced with rising rent and mounting debt, the temptation to dip into a 401(k) to buy a home can be strong, but personal finance expert Dave Ramsey warns against it.

The recent market dip was described by Wells Fargo as an 'attractive entry point,' indicating that purchasing QQQ and other growth ETFs could be worthwhile.