Personal Finance

Old habits die hard, goes a saying. It seems to be applicable to the employees at the grassroots level in Andhra Pradesh, who were engaged in distribution of pensions among various categories of beneficiaries. According to reports coming from different parts of the state, employees of the village secretariat and in some…

Retirement continues to be a hot button topic for Americans. With inflation still sky high and with little signs of slowing down, it seems like a pipedream that most will be unable to afford, let alone as the program stands now. Currently, if an American wants to officially retire and start collecting benefits, they must wait until they…

The New York State Common Retirement Fund has experienced a remarkable increase, bringing exciting news for public workers in the state. According to State Comptroller Thomas DiNapoli, the fund has now reached a total of nearly $268 billion, showcasing an impressive 11.5 percent return on investment. The New York State Common Retirement Fund…

On Wednesday, the Social Security Administration (SSA) announced a significant change to its evaluation process for disability benefits. This change has been brewing for a while and was finally announced to the public along with the implementation guidelines. This new change means that the agency will now consider only the past five…

Even those fortunate enough to avoid state taxes should remember that federal tax rules still apply. Editor's note: This article has been corrected. On June 21, the Kansas governor signed a law eliminating the state tax on Social Security income. The safety net that Social Security provides for millions of people is why it's one of the U.S.'s…

What if every employee in America were automatically enrolled in an Individual Retirement Account?In an ongoing study, researchers from Princeton University and the Treasury Department have analyzed just such a scenario.Their conclusion: Not surprisingly, a national retirement savings plan would substantially raise the nation’s savings rate,…

Pay Dirt is Slate’s money advice column. Have a question? Send it to Athena, Kristin, and Ilyce here. (It’s anonymous!) Dear Pay Dirt, My husband grew up in a household where saving for retirement wasn’t really a thing. I grew up the opposite: My parents saved, invested, and thought about finances long-term. I have a state…

Hispanolistic | E+ | Getty ImagesSuper savers are workers who are putting away more than 10% of their salaries toward their retirement plans, according to new research from nonprofit Transamerica Institute and its division Transamerica Center for Retirement Studies.More than half of workers — 56% — are saving 10% or less, according to a 2023…

Social Security has become an essential institution for more than 70 million people, including retirees, pensioners, and low-income workers, who rely on these benefits to maintain an acceptable standard of living. Although it is a federal program, the benefit amounts can vary significantly between different states and cities due to factors such…

From Business Sale To Retirement Wealth: How Mark Cuban Turned 91% Of His Employees Into MillionairesMark Cuban, a self-made billionaire widely known for his role on ABC's "Shark Tank," is no stranger to selling his companies or shares when it's time to move on. But he also makes it a point to give out heavy bonuses to the employees of these…