Timothy Sumer

The UK state pension has already steadily increased and it is soon to go up further to the age of 68. In this video I go through the implications for the rise in the state pension and what it could mean for you. We already have one of the highest and least generous state pensions in western economies and this is a further squeeze on people who have worked hard all their lives. #pensions #retirement #ukstatepension timestamps 0:00 intro 1:40 how UK compares 2:46 when will the changes come into force? 3:12 messed up retirement plans 3:50 how much you need for a comfortable retirement... ( read more ) LEARN MORE ABOUT: Retirement Pension Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The UK State Pension Age Will Rise to 68: What Does it Mean for You? The UK government has announced that the State Pension age will rise to 68, affecting millions of individuals who ar...

If you’re feeling a bit lost and confused about about exactly what is going on with pensions in the UK you’re in the right place. link to details on age entitlement In this video I wanted to summarise the current situation as it stands today for the state pension The state pension age is currently 66. So if you are 64 today, you will be entitled to the state pension from the age of 66. If you are born after 5 April 1960, making you 63 or younger right now, you are part of the phased increase in SPA to 67. The increase, to 68, is not due to happen until between 2044 and 2046. I recently made a video about discussion around bringing forward the increase in pension age to 68 increase in state pension age to 68 is being brought forward. The announcement confirming this change was anticipated to happen in May 2023. The Treasury wanted the change to 68 to come in as early as 2035 – affecting you if you are 54 and under today. Some reports have talked about the change pos...

From red-hot inflation to a strong jobs market, and all the negative gross domestic product in between, economists are divided on the health of the U.S. economy. A top concern for Americans: Are there layoffs on the horizon? Economists break down the data and economic indicator complexities brought upon by the Covid pandemic and the war in Europe. More corporate leaders are anticipating a recession, according to a survey from Stifel. Big companies are already announcing layoffs, including Best Buy, Ford Motor, HBO Max, Peloton, Shopify, Walmart and Wayfair. Meanwhile, a survey from PwC shows 50% of firms expect to reduce their labor forces in the next six to 12 months. This comes at a time when the labor market could hardly appear stronger. In July 2022, there were 11.2 million job openings, revealing a shortage of workers for available positions. "I think it's very important to look at the number of job openings," Julia Pollak, chief economist at ZipRecru...

Moody's Analytics' chief economist Mark Zandi cautions that a recession may be on the horizon. In an interview with CNBC's Andrea Miller, Zandi said a recession did not occur in the first half of this year. Zandi called employment levels the "most important indicator[s]" of a recession. With unemployment at the low rate of 3.5%, he doesn't buy the view that two back-to-back quarters of negative growth alone are sufficient to make for a recession. But Zandi did warn that he expects layoffs to increase in the days ahead. "With this kind of low unemployment, inflation’s going to remain a problem," he said, and to address that the Federal Reserve has signaled it will continue to raise interest rates in an attempt to slow down the job market. Zandi attributed the confusion about whether the U.S. experienced a recession in the first half of this year to the coronavirus pandemic and the Russian invasion of Ukraine. "These two massive supp...

Pensions are confusing and it can be difficult to decide what is the best for you. If you are not sure what an annuity is versus drawdown, this video will help you understand the difference. #annuity #drawdown #ukpension 0:00 what is an annuity? 1:05 the pros of drawdown 2:00 the cons of drawdown 2:44 the pros of annuities 4:00 the cons of annuities 4:33 factors to consider in making your decision 5:31 cash reserve with a drawdown... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/annuity-or-drawdown-the-pros-and-cons-to-help-you-decide-what-to-do-with-your-pension-pot/?feed_id=38907&_unique_id=637051d639f40 #Inflation #Retirement #GoldIRA #Wealth #Investing #careergrowth #DianneSullivan #personalfinance #personalgrowth #thegrowthwriter #RetirementAnnuity #careergrowth #Dian...