"For example, the retirement account balance gap for women aged 55 to 64 was 38.7%," she said. "On the other hand, the Social Security benefits gap and the pension income gap were considerably lower at 24.7% and 18.7%, respectively." Greenfield added that the research underscores the need...
You can contribute to a SEP-IRA or Simplified Employee Pension if you have any size business with or without employees. But contributions only come from you as the employer; your employees can never contribute their own money. For 2023, you can make SEP-IRA contributions for each employee (...
"Picking up a gig is a great way to bring in some extra income and continue to save while you're seeking a long-term career opportunity," said Josh Duvall, a certified financial planner. "This includes things like driving for Uber or Lyft, bookkeeping, consulting in your former area of ...
Some people haven't received all their Social Security benefits, even though they paid into the system. A new law changes that. Maryalene LaPonsieJan. 10, 2025 8 Jobs That Welcome Older Workers Consider these jobs that value experienced workers. ...
AboutNathan Paulus Nathan Paulus is the Head of Content Marketing at MoneyGeek, with nearly 10 years of experience researching and creating content related to personal finance and financial literacy. Paulus has a bachelor's degree in English from the University of St. Thomas, Houston. He enjoys ...
If you are a citizen from one of the 50 friendly nations listed below and wish to relocate to Panama in order to conduct economic or professional business activities, you can qualify for this permanent residency program: Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Cr...
Benefits confirmation for retirement or pension You must be 18 years old to qualify for Emergency Broadband Benefit Spectrum. Otherwise, you must prove that you are a legally emancipated minor, such as a certificate or a court order. Do not send in any original documents because you never know...
Since you’re not receiving a paycheck, you aren’t eligible to contribute to your 401(k), pension or flexible spending plans while on unpaid leave. Learn more about the FMLA requirements and your rights from the U.S. Department of Labor. There's potential for future change too. Some ...
The standard income you get in retirement is Social Security, if you qualify. You may also get a pension from work if one is provided, though that is becoming more rare. Other than that, the rest of the income you receive is up to you. It can encompass income from retirement plans, ...
If you've started a new job, you may be overwhelmed with the choices in employee benefits, depending on your employer's offerings, from 401(k) plans to life insurance. Most companies require the employee to work for specific periods—calledvesting—before they becomeeligible to receive or rest...