The retirement income market is expected to grow at a rate of 4.2 percent per annum which is slightly higher than the growth rate between 2000 and 2004. This growth is expected in the wake of positive stock market conditions and the impact of regulation boosting the income drawdown market....
Older people after retirement choose to spend money for themselves (e.g. holiday) rather than saving money for their children. Is it a positive or negative development? Give reasons for your answer and include any relevant examples from your own knowledge or experience. Write at least 250 words...
One exception is Parker (2003), which uses evidence from the Retirement Survey to describe the income and wealth of self- employed pensioners in the UK. Using the notion of lifetime wealth, Parker finds that among the self-employed, housing assets account for the greatest proportion of wealth...
The average savings of individuals in the U.S. as a share of their disposable income in 2022 was much lower than in the previous years.
Short term income protectionis designed to cover you for less serious conditions that will result in a temporary break from working. For example, if you needed to have an operation that would mean bed rest for a number of weeks. Long term income protectionwill protect you if anything more se...
Many more people today find it difficult to answer the apparently straightforward question: “What do you want from your retirement?”
SEE: 8 Top-Performing Fidelity Funds for Retirement. How Are High-Net-Worth Investors Affected by NIIT? "The net investment income tax is a surtax on investment income," says Sean Mullaney, a financial planner at Mullaney Financial & Tax in Woodland Hills, California. The NIIT first affected...
and why we’re not including it in our calculations — but we still feel especially rock solid about the traditional phase of our retirement, assuming we don’t experience the zombie apocalypse before then, because we’ve been well above the amount needed in our 401(k)s for some time now...
Rural polarization is found to be closely linked to non-agricultural opportunities such as the expansion of township and village enterprises (TVEs) in the 1980s and 1990s. Retirement income is another polarizing component because only a minority of the rural elderly is entitled to pensions (Gao,...
An allowance for premiums paid to approved life assurance schemes/pensions is available in any assessment year up to a maximum of: the lesser of 20% of the assessable income or £35,000; To a Personal Pension Scheme or a Retirement Annuity Contract – one-seventh of the total assessable ...