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BALTIMORE, Oct. 14, 2020 /PRNewswire/ — Transamerica announced today that the company has been selected to be a retirement plan recordkeeper of the Lockton Northeast (NE) Series pooled employer plan. Lockton is a global professional services firm and the world’s largest privately held independent insurance broker. Pinnacle, an NPPG Company, will serve as the third party administrator and NPPG Fiduciary Services as the Pooled Plan Provider (PPP). This collaboration is a new milestone in Transamerica’s pioneering history in pooled retirement benefit plans, encompassing nearly two decades of advocacy and specialization.
To support the new Lockton NE Series pooled employer plan, Transamerica will leverage its pooled retirement plan experience. Transamerica can offer a flexible plan design to each adopting employer in the pooled plan, enabling employers to customize their retirement plan’s design elements based on employees’ needs. Transamerica also offers specialized recordkeeping specific to each adopting employer in the pooled
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NEW YORK, Oct. 13, 2020 /PRNewswire/ — Well-planned financial goals, whether they’re for the next week or 5 years from now, are integral to a person’s financial growth. These goals are what drive us to make savings plans, budget, and investment strategies in order to reach them. Without a proper plan in place, achieving these goals is nearly impossible. This is especially true when it comes to retirement planning. Zoe Financial understands that a comfortable retirement is one of the top financial goals a person will have in their lifetime.
Everyone’s retirement plan will differ depending on their financial situation, age, and goals. For instance, retirement planning for small business owners will be much different than employees of big corporations. Since business owners won’t have as much access to traditional retirement accounts, they should familiarize themselves with the different options available. It’s essential to choose the retirement account that’s
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For many Americans, retirement is the reward after decades of work—it’s a time for unwinding, personal projects, and, if you can, seeing the world. Often it’s the relatively few vacation days we get that make retirement the first opportunity for certain trips: a month spent in Greece, for example, or that multi-stop heritage trip. And for women, who still do the bulk of housework and childcare (often spending double the time men do on chores daily) finding the time to both travel and spend money on yourself is even rarer.
But what happens when, after years of planning, you finally retire and book those dream trips—only to have a pandemic hit, rendering travel impossible? We spoke to three women who have gone through just that. They tell us about staying home, where in the world they’d rather be right now, and how they’re finding hope in a retirement that looks
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With the State Pension age continuing to rise, building a retirement savings portfolio is likely to become increasingly important for many people.
Assets such as buy-to-let property, cash, bonds and gold may seem appealing after the recent stock market crash. However, investing money in UK shares while they’re trading at cheap prices could be a better idea.
Through building a diverse portfolio of stocks, you could enjoy a robust passive income in older age that offers financial freedom.
State Pension challenges
As well as a rising State Pension age, the amount paid to retirees is relatively disappointing. At present, it amounts to around £9,110 per year. That’s around a third of the average salary in the UK. As such, it’s unlikely to provide most people with enough money to pay all necessary bills and expenditures each month.
Furthermore, there’s a real threat the rate at which pension payments rise could