Key Takeaway: Choosing a good retirement song involves considering sentimental value, relevance to the retiree’s life, and an upbeat celebratory tone to mark the occasion. Some top retirement songs include “My Way” by Frank Sinatra, “You Raise Me Up” by Josh Groban, “Ain’t No Mountain High Enough” by Marvin Gaye and Tammi Terrell, “Don’t Stop…

Key Takeaways: Retirement planning in your 20s is crucial for secure financial future: Starting early can help in accumulating a larger corpus and reducing financial burdens during retirement. Factors to consider- goal setting, determining the amount to be saved, understanding investments and risk, and managing debts. These factors should be taken into account when planning…

Key Takeaway: CalPERS disability retirement benefits are calculated based on the employee’s service credit, average final compensation (AFC), and benefit factor. The formula used is: service credit x AFC x benefit factor = monthly benefit. Eligibility for CalPERS disability retirement requires a member to have at least five years of service credit, be unable to…

Key Takeaway: Basic retirement expenses include housing costs, food and household expenses, and transportation costs. These costs can make up the bulk of a retiree’s budget, so it’s important to plan ahead and budget accordingly. Healthcare expenses can be a major concern for retirees, with costs for Medicare coverage, prescription drugs, and long-term care potentially…

Key Takeaway: ADP Retirement Services provides multiple channels for customer support, including phone, email, live chat, and mailing address. Customers can choose the method that best fits their needs and preferences. For immediate assistance, customers can call the ADP Retirement Services customer support team. The team is available 24/7 to assist with any questions or…

Key Takeaway: The average age of retirement for soccer players varies widely depending on factors such as position, injury history, and individual career choices. Generally, soccer players retire in their mid-thirties, with midfielders and defenders tending to retire slightly later than strikers and goalkeepers. When compared to other sports, such as football and basketball, soccer…

Key Takeaway: The average retirement age for NBA players is 35 years old, although this can vary based on factors like injury history, performance, and financial stability. In the past, players tended to retire at a younger age due to shorter careers and lower salaries. However, modern players are able to retire later thanks to…

Key Takeaway: Railroad Retirement Tier 1 is a federal program that provides retirement, survivor, and disability benefits to eligible railroad workers and their families. Tier 1 benefits are calculated based on an employee’s Average Indexed Monthly Earnings (AIME) and the number of years of railroad service. Eligible workers must have 360 months of credited service…

Example response on “how much should I save up for retirement?”: Key Takeaway: Calculate your retirement savings needs: Consider your current savings, desired retirement lifestyle, expected life span, and healthcare expenses when determining how much to save for retirement. Start saving early and regularly: The earlier you start saving, the less you have to save…

Key Takeaways: There are different types of withdrawals you can make from your Nationwide Retirement Account, including penalty-free, Required Minimum Distribution (RMD), and early withdrawals. It is important to understand the rules and regulations associated with each type of withdrawal before making a decision. When you are ready to withdraw from your account, contact your…

Key Takeaway: The Maximum Resource Limit is the maximum amount of assets a person can have and still receive Social Security Retirement benefits. The current Maximum Resource Limit for Social Security is $2,000 for individuals and $3,000 for couples. If a person exceeds the Maximum Resource Limit, their Social Security Retirement benefits may be reduced…

Key Takeaway: Cumulative Retirement FERS is a retirement system for federal employees that allows them to accumulate retirement benefits over time, based on their length of service and salary. There are three types of retirement under FERS: immediate retirement, early retirement, and deferred retirement. Eligibility for each type depends on the employee’s age, length of…