Pensioner

80% of Expats Cite Lower Cost of Living as Reason for Moving to Mexico, According to Far Homes' Expat Survey

Retrieved on: 
Wednesday, December 20, 2023

SEATTLE, Dec. 20, 2023 /PRNewswire/ -- Far Homes (www.farhomes.com), a technology-powered marketplace that makes it easier for international buyers to find and buy homes, today released its annual 2023 Expats in Mexico survey. The report, authored in partnership with ExpatsinMexico.com, revealed the sentiments of people who have relocated to Mexico from other countries, with 91% of respondents hailing from North America. Participants were surveyed on psychographics including reasons for moving abroad, aspects of life as an expat, and overall satisfaction with Mexico.

Key Points: 
  • Participants were surveyed on psychographics including reasons for moving abroad, aspects of life as an expat, and overall satisfaction with Mexico.
  • Cost of living (79.9%) and Mexico's culture and lifestyle (74.1%) were also top motivating factors in expats' decision to relocate.
  • A majority of respondents (56.8%) indicated that moving to Mexico has improved their financial situation while 38.8% reported no difference.
  • Analysts at Far Homes concluded that overall, most expats are ultimately satisfied with their decision to move to Mexico.

SOCIAL SECURITY HORROR STORIES: Protect Yourself from the System and Avoid Clawbacks

Retrieved on: 
Wednesday, November 8, 2023

Now a new book -- Social Security Horror Stories -- Protect Yourself from the System and Avoid Clawbacks – by Laurence Kotlikoff (co-author of the best-selling Get What's Yours From Social Security) and nationally syndicated personal finance columnist Terry Savage (author of The Savage Truth on Money), reveals the secrets of avoiding clawbacks and other "scams" perpetrated by an agency that often deliberately misleads claimants into taking the wrong benefits at the wrong time -- mistakes that cost a small fortune.

Key Points: 
  • Social Security is Terrorizing Retirees and the Disabled Because of Its Own Mistakes!
  • CHICAGO, Nov. 8, 2023 /PRNewswire/ -- Social Security is clawing back $21.6 Billion in mistaken overpayments to elderly retirees and disabled people because the agency miscalculated benefits, often for decades!
  • This book is more than a warning; it's a clear guide to avoiding your own Social Security horror story.
  • Note: This book is not about the future solvency of Social Security, although the authors are prepared to discuss that issue.

Longevity Risk: Retirees and Pre-Retirees Fear Declining Finances and Deteriorating Health in Older Age

Retrieved on: 
Thursday, September 28, 2023

LOS ANGELES, Sept. 28, 2023 /PRNewswire/ -- Fewer than one in four age 50+ workers and retirees are very confident they will be able to maintain a comfortable lifestyle throughout their retirement (17%, 23%, respectively), according to Life in Retirement: Pre-Retiree Expectations and Retiree Realities, a new survey report released by nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica Institute®.

Key Points: 
  • The greatest retirement fear among age 50+ workers is outliving their savings and investments (45% age 50+ workers, 32% retirees), while the greatest fear among retirees is that Social Security will be reduced or cease to exist in the future (42% age 50+ workers, 39% retirees).
  • Many age 50+ workers and retirees fear declining health that requires long-term care (41%, 35%, respectively) and possible long-term care costs (35%, 28%).
  • More than seven in 10 age 50+ workers and retirees are concerned about health in older age (73%, 74%, respectively).
  • Fewer than four in 10 retirees and age 50+ workers currently use a professional financial advisor (35%, 37%, respectively).

UNITE HERE Releases Real Estate Runaround: How Brookfield’s Insurance Venture Offers Reward for Investors, Risk for Retirees

Retrieved on: 
Wednesday, September 27, 2023

So far this year, Brookfield ventures have defaulted on over $1 billion of commercial real estate loans, with over $5 billion more of office and real estate loans having been identified by analysts or lenders as distressed.

Key Points: 
  • So far this year, Brookfield ventures have defaulted on over $1 billion of commercial real estate loans, with over $5 billion more of office and real estate loans having been identified by analysts or lenders as distressed.
  • The report, Real Estate Runaround: How Brookfield’s Insurance Venture Offers Reward for Investors, Risk for Retirees , examines the dramatic changes in American National’s investment portfolio since the Brookfield takeover, including over $4.7 billion (book value) of investments in securities originated, structured, or collateralized by Brookfield’s non-insurance affiliates and joint ventures.
  • Over $1.2 billion of those related-party securities are related to Brookfield’s real estate holdings.
  • These investments include bonds issued by affiliates of Brookfield Office Properties and Commercial Mortgage-Backed Securities (CMBS) sponsored by Brookfield-owned office buildings and shopping malls.

TEAMSTERS CALL ON FEDERAL GOVERNMENT TO REFORM CORPORATE BANKRUPTCY LAWS

Retrieved on: 
Tuesday, August 8, 2023

WASHINGTON, Aug. 8, 2023 /PRNewswire/ -- The Teamsters Union is calling on the federal government to reform corporate bankruptcy laws following Yellow Corp.'s filing for Chapter 11 this week. The freight company's closure leaves 22,000 union members without work despite Teamsters at Yellow giving back more than $5 billion in wages and benefits since 2009.

Key Points: 
  • Companies Like Yellow Should Not Be Able to Escape Accountability, O'Brien Says
    WASHINGTON, Aug. 8, 2023 /PRNewswire/ -- The Teamsters Union is calling on the federal government to reform corporate bankruptcy laws following Yellow Corp.'s filing for Chapter 11 this week.
  • We see this with federal labor laws as well with workers fighting an unequal system for more than 400 days to get a union contract.
  • The Teamsters are calling on Congress and the White House to pass and enact new legislation that prioritizes workers throughout the corporate bankruptcy process.
  • Yet existing bankruptcy rules encourage corporate vultures to pick apart workers' bones, shred union contracts, and kill off companies," O'Brien said.

Americans Overwhelmingly See Course Corrections as Essential to Thriving in Retirement, Edward Jones and Age Wave Research Reveals

Retrieved on: 
Wednesday, May 17, 2023

ST. LOUIS, May 17, 2023 /PRNewswire/ -- Nearly all retirees (93%) agree that preparation, flexibility and willingness to adapt are keys to success in retirement, according to the latest study from Edward Jones and Age Wave involving representative surveys with more than 12,000 North American adults across five generations. The new research report1, "Resilient Choices: Trade-Offs, Adjustments and Course Corrections to Thrive in Retirement," explores more than 50 individual and impactful course corrections and other tips to thrive across the four pillars of the new retirement: health, family, purpose and finances.

Key Points: 
  • For some, retirement itself can be a cannonball, as 3 in 10 retirees (29%) said they were forced to retire unexpectedly.
  • The study defined course corrections as the positive actions that pre-retirees and retirees are already taking or considering to improve their retirement journeys.
  • Course corrections are motivated, and often necessitated, by life events that change the circumstances and goals of one's life plan.
  • In addition to covering the wide range of available course corrections, the study investigated practical advice from retirees to their pre-retiree peers.

T. ROWE PRICE COMPLETES ACQUISITION OF RETIREE, INC.

Retrieved on: 
Thursday, April 20, 2023

BALTIMORE, April 20, 2023 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, today announced it has completed the acquisition of Retiree, Inc., a fintech firm that offers innovative retirement income planning software.

Key Points: 
  • BALTIMORE, April 20, 2023 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, today announced it has completed the acquisition of Retiree, Inc., a fintech firm that offers innovative retirement income planning software.
  • "We are thrilled to have completed this acquisition and look forward to welcoming the Retiree, Inc. associates and clients to T. Rowe Price.
  • Combining our strengths in retirement will allow us to bring new solutions to clients to deliver improved retirement outcomes," said Phil Korenman, head of Individual Investors at T. Rowe Price.
  • With the closing of the transaction, Retiree Inc. associates will join T. Rowe Price, and William Meyer will report to Phil Korenman.

Defined Benefit Pensioners Win Battle for Pension Protection

Retrieved on: 
Wednesday, April 19, 2023

TORONTO, April 19, 2023 /CNW/ - Yesterday marks a historic victory for the protection of Canadian pensioners.

Key Points: 
  • TORONTO, April 19, 2023 /CNW/ - Yesterday marks a historic victory for the protection of Canadian pensioners.
  • "This landmark legislation will protect millions of Canadians who rely on defined benefit pensions for their financial security in retirement," said Michael Powell, President, Canadian Federation of Pensioners, whose organization led the charge for this protection.
  • This means Canadian pensioners will move closer to the front of the line, improving the likelihood of receiving their full pension.
  • "We urge the Liberal Government and the Governor General to expedite Royal Ascent of C-228 and ensure pensioners get the protection they urgently need."

Niche releases 2023 Best Places to Live in America rankings

Retrieved on: 
Monday, March 20, 2023

PITTSBURGH, March 20, 2023 /PRNewswire-PRWeb/ -- Niche, the leading platform connecting students and families with colleges and schools, has just published the 2023 Best Places to Live in America rankings. In the ninth consecutive year that Niche has produced these rankings, 228 cities and 17,932 towns and neighborhoods were included. Millions of people each year use Niche rankings and profiles to help with key life decisions such as where to live and where to go to school.

Key Points: 
  • Niche, the leading platform connecting students and families with colleges and schools, has just published the 2023 Best Places to Live in America rankings.
  • This year, for the first time ever, Cambridge, Mass., has been named the #1 Best City to Live in America.
  • PITTSBURGH, March 20, 2023 /PRNewswire-PRWeb/ -- Niche , the leading platform connecting students and families with colleges and schools, has just published the 2023 Best Places to Live in America rankings.
  • In addition to the national rankings, users can view the Best Places, Suburbs or Neighborhoods to Live rankings by state, metro area or county.

The TEFL Org Announces 2023 Influx in International Demand for Teachers of English as a Second Language

Retrieved on: 
Tuesday, March 7, 2023

LOS ANGELES, March 7, 2023 /PRNewswire-PRWeb/ -- Today The TEFL Org announced that 2023 is bringing an unprecedented increase in international demand for teachers of English as a second language. According to Korea JoongAng Daily, countries, such as South Korea, are at their lowest ebb in finding English language teachers. The number of native speakers heading to South Korea to teach English has plummeted to one-third of its pre-pandemic levels, thus driving the demand for teachers of English as a second language.

Key Points: 
  • The TEFL Org Prepares Career Changers, Retirees and Recent Graduates to Teach English as a Foreign Language, Offering Dream Jobs for Many Undecided on Their Professional Futures
    LOS ANGELES, March 7, 2023 /PRNewswire-PRWeb/ -- Today The TEFL Org announced that 2023 is bringing an unprecedented increase in international demand for teachers of English as a second language.
  • According to Korea JoongAng Daily, countries, such as South Korea, are at their lowest ebb in finding English language teachers.
  • The number of native speakers heading to South Korea to teach English has plummeted to one-third of its pre-pandemic levels, thus driving the demand for teachers of English as a second language.
  • The TEFL Org is for people considering teaching English as a second language - but are not sure where or how to begin.