Tag Archives: Pension

I’m a Retired Teacher With a State Pension, Social Security and $550k in Savings. Should I Pay Off My $120k Mortgage?

Monetary advisor and columnist Brandon Renfro I’m making an attempt to determine if I ought to repay my home price about $750,000. I owe round $120,000 on an adjustable-rate mortgage (ARM). Then again, my 4.5% rate of interest simply ended and I do know the curiosity will proceed to rise on this economic system. My mortgage is $1,450 per thirty …

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Pensioners could be set for inflation-busting state pension rise next April

Pensioners may obtain an inflation-busting state pension improve subsequent yr, which may re-ignite the controversy across the sustainability of the triple lock, specialists have mentioned. Beneath the triple lock, the state pension often rises every April by inflation, wages or 2.5% – whichever is increased. Workplace for Nationwide Statistics (ONS) figures launched on Wednesday confirmed that Shopper Costs Index (CPI) …

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