Category: retiree

IRS Reminds Many Retirees They Must Withdraw Money from IRAs by Special Deadline or Face Penalties

March 10, 2023
BrightBusiness & MarketseconomyFixed IncomeIRApersonal financeretireeretirementRetirement AccountsUSUS News
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The Internal Revenue Service (IRS) has issued a reminder to retirees who turned 72 last year that, in most cases, they face a deadline on April 1, 2023, to take their first payment from their workplace retirements plans or face penalties. Americans can’t keep their retirement funds in their accounts indefinitely. When they turn 72,…

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Protest Erupts in Wuhan As Health Benefit Cuts Affect Millions of Retirees

February 9, 2023
ChinaChina Business & Economyflexible employmentretiree
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A large protest erupted in Wuhan after the Chinese regime reduced the health benefit payments by more than two-thirds. Protesters surrounded the city hall and jammed a nearby roadway. The government dispatched special police, as an online video shows. On Feb. 8, thousands of retirees gathered in front of the Wuhan city hall wanting an answer…

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Three Survival Tips for Retirees Besieged by Soaring Inflation: Experts

April 28, 2022
Business & EconomyeconomyExecutive BranchinflationInvestmentPolicies & ImpactsPoliticsretireeUSUS News
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Retirees who depend on fixed income are among those who will be affected most by the soaring inflationary costs. Experts say there are various ways for retirees to consider surviving the ongoing 40-year high inflation. The consumer price index (CPI) surged 1.2 percent in March, the biggest monthly increase since September 2005, the Labor Department…

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