#public-sector-pensions
#public-sector-pensions
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#social-security #retirement-planning #retirement #retirement-savings #financial-planning #financial-security
NYC parents
fromNew York Post
3 days agoHochul in talks to make fat pork union deal that could lower retirement age for teachers to 55 - at staggering cost to taxpayers
Gov. Kathy Hochul is considering a $1.5 billion deal to lower retirement age for public workers from 62 to 55, impacting taxpayers significantly.
fromNextgov.com
1 week agoAgency data leads worry about staff capacity to tackle statutory requirements, survey finds
Among the 189 CDO and other data leader respondents to the annual survey conducted by the nonprofit, nonpartisan Data Foundation, about 40% said they had lost six or more employees last year.
EU data protection
NYC politics
fromReason.com
2 weeks agoMamdani might raid a severely underfunded retiree fund to balance New York City's bursting budget
New York City faces a severe fiscal crisis driven by $260 billion in long-term liabilities, primarily from public pensions and retiree health care costs that threaten funding for essential services.
fromGothamist
3 days agoNew York pension sweeteners could cost $1.5 billion a year
"I think this is a worthwhile investment in the future so that we are protecting the workforce and people can live with the dignity they deserve" when they retire, said state Sen. Jessica Ramos, a Queens Democrat.
Retirement
#retirement-planning
fromSilicon Canals
3 days agoRetirement
I retired in January 2026 with $780,000 saved and by March I was back applying for part-time work - not because I needed the money but because inflation had made my 'enough' feel like barely surviving and I couldn't watch my future shrink in real time - Silicon Canals
Retirement
from24/7 Wall St.
6 days agoThe Social Security Breakeven Age Most Retirees Don't Know and Why It Should Change When You Claim
Only 13% of Americans know their full retirement age, crucial for making informed Social Security claiming decisions.
Retirement
fromSilicon Canals
3 days agoI retired in January 2026 with $780,000 saved and by March I was back applying for part-time work - not because I needed the money but because inflation had made my 'enough' feel like barely surviving and I couldn't watch my future shrink in real time - Silicon Canals
Retiring early can lead to unexpected financial challenges due to inflation, even with substantial savings.
from24/7 Wall St.
1 month agoRetirement Planning Mistakes That Only Show Up After You Stop Working
The harder mistakes to catch are the ones that look fine on paper but fall apart the moment you stop working. These are unquestionably the planning failures that will only reveal themselves after the paycheck ends and you're living off the portfolio. Recent data from Nationwide's Retirement Institute shows that 55% of people who retired in the last five years regret how they saved, and only 40% said they were on track with their original budget.
Business
Retirement
fromFortune
2 weeks agoSocial Security has 6 years left. The fix that sounds cruelest may be the smartest | Fortune
Social Security's trust fund faces insolvency by 2032, and benefit cuts rather than tax increases may generate stronger long-term economic growth through increased private savings and capital investment.
#social-security-taxation
Retirement
from24/7 Wall St.
3 weeks ago85% of Your Social Security Can Be Taxed and Most Retirees Never See It Coming
Combined income—adjusted gross income plus tax-exempt interest plus 50% of Social Security benefits—determines what percentage of Social Security is taxed, with frozen IRS thresholds since 1984 causing more retirees to face taxation as benefits rise with inflation.
Retirement
from24/7 Wall St.
3 weeks ago85% of Your Social Security Can Be Taxed and Most Retirees Never See It Coming
Combined income—adjusted gross income plus tax-exempt interest plus 50% of Social Security benefits—determines what percentage of Social Security is taxed, with frozen IRS thresholds since 1984 causing more retirees to face taxation as benefits rise with inflation.
Retirement
from24/7 Wall St.
3 weeks agoClaim Social Security at 62? Dave Ramsey's Advice Looks Riskier as Benefit Cuts Loom
Dave Ramsey recommends claiming Social Security at 62 to maximize lifetime payouts and investment opportunities, but this strategy becomes riskier given Social Security's uncertain financial future.
fromNonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
2 months agoBlue-State Pensions Are Subsidizing the Billionaire Takeover: This Must Stop! | Nonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
The truth about this money: It is invested with some of the worst actors engineering the current takeover. That includes private equity firms, venture capitalists, and asset managers-the most powerful corporations in the world and the billionaires that run them. Many of these people are actively supporting the Trump administration; most are doing little to nothing to oppose it. And all oversee millions, if not billions, of dollars in worker and community capital.
US politics
fromwww.housingwire.com
1 month agoRetirement planning faces longevity risk as Americans live longer
A 65-year-old man today can expect to live to 84 years old, while a 65-year-old woman can expect to live until 86. For plan sponsors and advisers, that translates into a potential distribution horizon of at least 20 to 30 years. Without incorporating realistic longevity assumptions into glide path design, withdrawal strategies and income solutions, participants face a heightened risk of outliving their savings.
Retirement
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