Affect

Capita Blunders Affect Retired Firefighters’ Pensions, Raising Concerns about Civil Service Contract

London, UK – Retired firefighters from the Ministry of Defence’s fire and rescue service are facing significant delays and payment issues with their pensions, following a £525 million contract awarded to outsourcing group Capita in 2019. Since Capita took over the administration of the Defence Fire and Rescue Project (DFRP), retired workers and spouses of deceased pensioners have reported miscalculated benefits and lengthy delays in receiving their payments. The mistakes have left some individuals waiting …

Read more

Dutch Study Reveals How Co-Payments Affect Nursing Home Admissions and Financial Risks

AMSTERDAM, Netherlands – The cost of nursing home care in Europe is a major concern for many retirees, with some countries experiencing expenses that are three to four times higher than the median income of retirees. To alleviate this financial burden, various public programs are available to help cover these costs, but the level of support varies widely across different countries. In some Nordic countries and the Netherlands, over 90% of nursing home expenses are …

Read more

Social Security Benefits Tax: How 12 States Will Affect Your Retirement Paycheck

Los Angeles, California – Many retirees rely on Social Security benefits as a crucial source of income in their retirement years. However, it’s important to be aware of the potential taxes that may be owed on these benefits at both the federal and state levels. The amount of taxes owed can vary depending on the retiree’s total household income and state of residence. Minimizing taxes on Social Security benefits can significantly impact a retiree’s overall …

Read more

401(k) Withdrawals and Social Security: Will Cashing in Affect Benefits and Taxes?

Social Security in 2024 will be affected by 401(k) withdrawals, and it is important to understand how this might impact your benefits. As you approach your full retirement age, it’s crucial to consider the implications of cashing in your 401(k) and how it may affect your Social Security payments. Here’s what you need to know about this complex issue. Firstly, as you reach your full retirement age in 2024, your work earnings limit will be …

Read more