The offspring of many East Asian immigrants are raised to support their elders in their later years. That gives a segment of Americans challenges others don’t face.
Category: Pensions and Retirement Plans
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Their Children Are Their Retirement Plans
The New York Times – Business: -
Why China’s Shrinking Population Is Cause for Alarm
The New York Times – Business:China struggled for years to curtail its rapid population growth. Now that its population is declining, economists and others fear serious implications for China and countries around the world.
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French Government Unveils Plan to Raise Retirement Age to 64
The New York Times – Business:President Emmanuel Macron is focusing on cutting costs in France’s pension system, but labor unions, which fiercely oppose the measure, have promised a showdown.
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As Asian Societies Age, ‘Retirement’ Just Means More Work
The New York Times – Business:Across East Asia, populations are graying faster than anywhere else in the world, and while younger generations shrink, older workers are often toiling well into their 70s and beyond.
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For Freelancers, New Federal Help in Saving for Retirement
The New York Times – Business:The Secure 2.0 Act provides for direct government contributions to retirement accounts for low- and moderate-income workers, though that won’t start until 2027.
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How the Spending Bill’s New Retirement Rules Will Affect Roth IRAs and 401(k)s
The New York Times – Business:Want to transfer money from a 529 plan to a Roth I.R.A. or get an after-tax employee match in your Roth 401(k)? You may be in luck.
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Investors Relying on Roboadvisers Are Seeking a Human Touch
The New York Times – Business:Younger investors who are navigating market volatility and trying to save for retirement are finding that roboadvisers lack the personal touch.
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Investors Relying on Roboadvisers Are Seeking a Human Touch
The New York Times – Business:Younger investors who are navigating market volatility and trying to save for retirement are finding that roboadvisers lack the personal touch.
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Hardship 401(k) Withdrawals, Explained
The New York Times – Business:Most employers allow you to take funds out of your retirement account, but the withdrawals come with significant downsides. Our columnist discusses other options.
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Biden Devotes $36 Billion to Save Union Workers’ Pensions
The New York Times – Business:The money comes from last year’s Covid-19 relief package and will avert cuts of up to 60 percent in pensions for 350,000 Teamster truck drivers, warehouse and construction workers and food processors.
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New York Times Union Announces One-Day Strike
The New York Times – Business:Negotiators for the company and the union, which represents most of the newsroom, have failed to come to an agreement on salaries, health and retirement benefits, and other issues.