Precision isn't always possible when it comes to retirement planning. That doesn't mean you have to wing it and hope your savings don't expire before you do. Looking at the income, living expenses and life spans of today's retirees can help you make the right financial moves so your golden years aren't tarnished by an unexpected shortfall. WHAT'S AN "AVERAGE" RETIREMENT COST? Government and Gallup data reveal a lot about what retirement is like for Americans today. It starts at age 61, even though many tell Gallup they planned to work longer. And based on some morbid math — the average remaining life expectancy of someone who's made it to their early 60s (23.3 years), according to the Centers for Disease Control and Prevention — you should plan to be retired for at least a few decades. Your mileage may vary based on things such as your work (accountant versus rodeo clown, for example), diet, family health history and participation in extreme sports leagues. The average … [Read more...] about Could you live on your retirement savings for 23 years?
Carl Lamb, managing director of Almary Green Archant Our reader this week wants to know the best way to invest some savings in the short term - and avoid paying too much tax. Carl Lamb of Almary Green explains. I’ve been given some money – £20,000 – by my parents as part of their plan to reduce any inheritance tax that might need to be paid on their death. I’d like to invest it for a couple of years or so until I need it to buy a bigger house (I’m hoping to start a family soon). I’ve already used my ISA allowance this year so can you suggest please where I should invest my money and not pay too much tax on it?Response from Carl Lamb of Almary GreenFor this type of relatively short-term investment where you need to be able to guarantee the value of your money at the point when you need it, a cash investment account of some type is likely to be most suitable.If you invested in stocks and shares, for example, there would be a danger that markets … [Read more...] about Ask the Expert: How can I invest my savings without paying too much tax?
Allison Klein, The Washington Post Published 10:03 am PDT, Thursday, September 20, 2018 The bride was trying to stay calm. The 100-person wedding that she and her fiance, Andy Schneck, had been planning for the past year was unraveling. At the rehearsal the night before the wedding, their officiant slipped and fell on a gravel road. Her ankle swelled severely, and she was taken to a hospital from the rustic and remote wedding spot in Camden, Ohio. She would later have surgery. "I didn't want her to be hurt, but in the back of my mind I was thinking, 'Oh my gosh, what am I going to do?' " said Kelsey Schneck, 29. "I've been planning this for a year." Schneck had hired the woman nine months ago after searching the Internet, and the couple had met with her several times so she could tell their love story at their Sept. 1 wedding. "I thought, 'I am not getting married tomorrow,' " Schneck said. At that moment, a food-delivery guy from City Barbeque showed up with the … [Read more...] about As couple’s wedding was falling apart, an unlikely person saved the ceremony
Updated 2:18 pm PDT, Monday, September 3, 2018 FILE- In this May 24, 2018 file photo, Venezuela's President Nicolas Maduro and first lady Cilia Flores greets the media as they arrive to a military parade at Fort Tiuna in Caracas, Venezuela. U.S. prosecutors are looking into whether members of Maduro's family were simultaneously benefiting from what they contend was a scheme to siphon off $1.2 billion from the state-owned oil company, two people familiar with the U.S. investigation told The Associated Press . less FILE- In this May 24, 2018 file photo, Venezuela's President Nicolas Maduro and first lady Cilia Flores greets the media as they arrive to a military parade at Fort Tiuna in Caracas, Venezuela. U.S. prosecutors ... more Photo: Ariana Cubillos, AP Photo: Ariana Cubillos, AP Image 1 of / 1 Caption Close Image 1 … [Read more...] about Maduro buys gold to boost savings amid five-digit inflation
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Katie Camero Globe Correspondent August 31, 2018 Bourne firefighters and the Coast Guard worked with other first responders Friday to save a person onboard a burning 36-foot boat in the Cape Cod Canal near the Bourne Bridge, a US Coast Guard official said. The person on the boat was safely removed from the vessel about noon and was placed on an Army Corps of Engineers boat, Coast Guard spokesperson Zachary Hubb said.There were no reports of injuries. Advertisement The boat was lodged into rocks in the water, but Bourne police said in a Facebook message they could not confirm if the boat caught on fire before or after getting stuck in the rocks. Get Fast Forward in your inbox: Forget yesterday's news. Get what you need today in this early-morning email. Thank you for signing up! Sign up for more newsletters here A vessel from the Cape Cod Canal Coast … [Read more...] about Person saved from burning boat in Cape Cod Canal