Tag #Retirement Savings

Showing 37 to 48 of 76 results

dailymail.co.uk
🌐 85% Global Worthiness
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Australia's Unindexed Superannuation Tax: A \$40 Billion Windfall with Unforeseen Consequences

Australia's Labor government will impose a 30 percent tax on unrealised superannuation gains exceeding \$3 million, projected to yield \$40 billion over a decade, impacting a larger population than initially estimated due to inflation.

Progress

64% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Australia's Super Tax: Inflation Indexing Crucial to Mitigate Future Impact

Australia's Labor government plans to introduce new superannuation taxes on balances above \$3 million and a 15% tax on unrealised gains; however, the lack of inflation indexing will significantly broaden the impact over time, affecting more people than initially projected.

Progress

56% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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Fewer Retirees Rolling Over 401(k)s into IRAs

A declining number of retirees are rolling over their 401(k) assets into IRAs, opting instead to leave funds in employer plans due to technological improvements, cost reductions, and regulatory changes.

Progress

52% Bias Score

Reduced Inequality
foxnews.com
🌐 85% Global Worthiness
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Tax Cuts Extension Proposed Via Retirement Savings Conversion

A proposal to extend the 2017 tax cuts without raising taxes by creating a one-time "conversion window" in 2026 allowing pre-tax retirement savings to be converted to Roth IRAs, generating significant tax revenue.

Progress

56% Bias Score

Reduced Inequality
taz.de
🌐 75% Global Worthiness
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US Tariffs, Trade War, and AfD Rise Impact Germany

Following US tariff announcements, Germany's stock market dropped 10%, impacting private retirement savings; the escalating US-China trade war further destabilizes markets; Germany's new coalition government plans infrastructure investment despite rising AfD popularity.

Progress

44% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Cyberattack hits major Australian super funds

A cyberattack targeting five major Australian super funds, including AustralianSuper, resulted in account access issues and financial losses for some members, prompting calls for improved cybersecurity measures and regulatory oversight.

Progress

40% Bias Score

Reduced Inequality
lefigaro.fr
🌐 75% Global Worthiness
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French Household Savings Shift: Rise in Retirement, Fall in Housing

In early 2024, 86.9% of French households held at least one savings account, primarily tax-advantaged ones, while retirement savings reached 19.1%, up from 2021; housing savings decreased to 27%.

Progress

20% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Labor's Controversial Unrealised Gains Tax on Superannuation

Australia's Labor Party proposes a 15% tax on unrealised superannuation gains exceeding \$3 million, a globally unique policy facing significant opposition due to its complexity and potential negative impacts on retirees and small businesses.

Progress

56% Bias Score

Reduced Inequality
cbsnews.com
🌐 65% Global Worthiness
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Americans' Retirement Savings Goal Falls to $1.26 Million Amid Cooling Inflation

A Northwestern Mutual study reveals Americans' ideal retirement savings goal decreased to \$1.26 million due to cooling inflation, yet concerns remain about rising prices and Social Security's future, with generational differences in savings habits and confidence.

Progress

44% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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GROWTH Act Seeks to Reform Mutual Fund Capital Gains Tax

Reps. Beth Van Duyne and Terri Sewell introduced the GROWTH Act to correct the current tax system's impact on long-term mutual fund investors, where annual capital gains taxes are paid by investors even when they don't actively trade, thus reducing the benefits of compounding returns; the act will d...

Progress

52% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Carney Offers Retirement Relief, Boosts Conservation

Liberal Leader Mark Carney announced a plan to help Canadians facing market instability by reducing minimum RRIF withdrawals by 25 percent and increasing the GIS by 5 percent, along with increased nature conservation efforts to appeal to NDP and Green voters.

Progress

52% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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Financial Strategies for Comfortable Retirement at Age 60

Retiring at 60 requires saving approximately 17 times your annual salary, necessitating aggressive financial planning, including maximizing retirement contributions and minimizing expenses to offset the lack of Social Security and Medicare benefits until eligible ages.

Progress

48% Bias Score

Reduced Inequality

Showing 37 to 48 of 76 results