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Retirement Savings at Risk: Avoid this Common Pension Mistake in Divorce

Houston, TX – Divorce can often have far-reaching financial consequences, and a mistake in handling pensions during divorce proceedings could significantly impact an individual’s retirement savings. The mishandling of pension division can potentially lead to a much poorer retirement, leaving individuals without the necessary financial security in their later years. When couples divorce, assets such as pensions must be divided fairly and in accordance with the law. Failure to do so could result in one …

Retirees at Risk: New Study Reveals Shocking Lack of Knowledge on Social Security Benefits

ORLANDO, FLORIDA – U.S. retirees are facing potential financial pitfalls as a study reveals that a shocking 78% of Americans aged 55 to 65 lack essential knowledge about Social Security benefits. According to the study conducted by a financial planning consultant, this lack of understanding puts retirees at risk of making “tragic mistakes” in their retirement planning. The survey found that nearly 80% of Americans approaching retirement or already retired struggled to answer 13 basic …

Pension Savers at Risk of Losing Thousands to Forgotten Fund Charges, Warns Experts

Pension savers in London, UK, may be at risk of losing thousands of pounds due to forgotten charges on their funds. A new report reveals that individuals who have retired or transferred their pensions could be losing significant amounts of money due to hidden fees. The research, conducted by a financial advisory firm, highlights the potential impact of these charges on pension savings. According to the report, many pension savers are unaware of the fees …

Gaza’s Health Care Crisis Worsens as Israel About to Launch Invasion into Rafah, Posing Serious Humanitarian Risk

GAZA CITY, Gaza Strip — The health crisis in Gaza has reached alarming levels, with hospitals overwhelmed, medical supplies blocked at the border, and infectious diseases spreading rapidly among the population. As Israel’s war on Hamas continues, the situation looks set to deteriorate, with a potential invasion into the city of Rafah posing a grave risk to the over a million Palestinians, especially women and children, seeking refuge there. The breakdown of cease-fire talks in …

401(k) Savings at Risk: How Recent Legislation and New Partnerships Are Helping to Preserve Retirement Savings

Chicago, IL – Recent research shows that nearly 40% of workers who leave a job cash out their 401(k) plans each year, resulting in significant financial losses. This trend especially affects job switchers with small accounts, who often choose to cash out their accounts rather than rolling them over. As a result, they forfeit their savings and potential future earnings on that money. According to the Employee Benefit Research Institute, such “leakages” amounted to $92.4 …

Healthcare Workplace Violence: Rising Risk Triggers State Mandates for Comprehensive Policies

Austin, Texas – Healthcare facilities across the nation are facing a growing concern as statistics show that healthcare workers are five times more likely to experience workplace violence than workers in other industries. This alarming trend has only intensified in the wake of the COVID-19 pandemic, prompting legislative responses and calls for comprehensive workplace violence policies. The U.S. Bureau of Labor Statistics has identified violence in healthcare settings as a significant occupational risk, signaling the …

Pension Rights of Retirees at Risk: How De-risking Shifts Financial Burden onto Workers

DETROIT, MI – Companies in the United States have been shifting their pension obligations to insurers, lessening their own financial risk while leaving former employees to bear more of the burden. This trend, known as pension de-risking or pension stripping, has raised concerns about the potential impact on retirees nationwide. Corporate de-risking involves transferring the responsibility for delivering retirement income promised by defined benefit pension plans to insurance providers, private equity funds, or other financial …

St. Bernards Healthcare in Jonesboro at Risk of Being Out-of-Network with UnitedHealthcare

JONESBORO, Arkansas – St. Bernards Healthcare is facing the possibility of being added to the list of medical providers unable to reach an agreement with UnitedHealthcare of Minnetonka, Minnesota. Mitchell Nail, a spokesman for St. Bernards, expressed doubt about the organization’s future in-network status with UnitedHealthcare after current agreements expire. The St. Bernards Behavioral Health Hospital and Counseling Center moved to out-of-network status with UnitedHealthcare on Jan. 4, with over 300 physicians and healthcare providers …

Social Security Under Threat in 2024 – 3 Million Pennsylvanians at Risk

Harrisburg, Pennsylvania – Nearly 3 million Pennsylvanians rely on Social Security as a crucial source of economic security in their older years. As the program faces potential depletion in 2024, the battle over the future of Social Security intensifies. Since taking office, President Biden has made strong promises to protect Social Security. He has consistently vowed to prevent any cuts to the program, emphasizing its importance as a financial safety net for aging Americans. On …

Here are the 7 Big Retirement Risks to Avoid

In the last several decades, retirement planning has seen a significant transformation. As a result of enhanced health care, people are living longer, and prices have climbed drastically across the board.