I am currently paying into my superannuation — a savings system for workplace pensions in retirement in Australia — trying to build up my pension savings and also making catch-up contributions ...
As interest rates increase, the value of a pension holder’s lump sum could decrease. Because of this, I am seeing more pension holders who want to take a lump sum do so now vs. waiting.
Social Security Administration says it is immediately starting to pay retroactive benefits due to more than 3.2 million retirees.