You are middle aged, and retirement seems far away for the moment, but in this current economical crisis, will there be a future for your retirement? This and other concerns are starting to settle in the minds of middle-aged Americans today. With Social Security in the balance, banks being closed, and people losing their 401K [...]
OVERVIEW:
The NASSIT Act, 2001 established a virtual state-monopoly in the NASSIT for the management and investment of pension funds in Sierra Leone. However, as is generally the case with monopolies and especially quasi governmental monopolies in Sierra Leone, we must continue to be vigilant and guard against inefficiencies in management and oversight, politically-driven investments, political [...]
Most of us are familiar with these statistics…
Out of 100 people who starts working at the age of 25, by the age 65:
* 1% are wealthy
* 4% have adequate capital stowed away for retirement
* 3% are still working
* 63% are dependant on Social Security, friends, relatives or charity.
* 29% are dead.
More Statistics on “The [...]
Many countries offer state-sponsored retirement benefits, besides those provided by the employers, which are funded by payroll or taxes. In the United States, this is one role of the Social Security Administration or SSA.
One of the most important retirement decisions facing Americans is, “When should I get my Social Security retirement benefits?”
There will come [...]
When life or working conditions become difficult, many people fantasize about early retirement as a form of escape. Early retirement can be a reality if you have taken steps early enough to prepare for this. If you have the foresight and the discipline to set aside savings from your employment income and invested them wisely, [...]