Showing posts with label saving for college. Show all posts
Showing posts with label saving for college. Show all posts

Friday Top Five: Retirement Related News for 10/09/2015

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From Governor Jay Nixon: Gov. Jay Nixon today announced his appointments to the Missouri Commission for the Deaf and Hard of Hearing and the Missouri State Employees Retirement System Board of Trustees.

Gov. Jay Nixon today announced his appointments to the Missouri Commission for the Deaf and Hard of Hearing and the Missouri State Employees Retirement System Board of Trustees.

The Governor has appointed Lloyd Joseph Carmichael, of Springfield, to the Missouri State Employees Retirement System (MOSERS) Board of Trustees. The board is responsible for the general administration and proper operation of the Missouri State Employees Retirement System, as well as for the administration and oversight of the State of Missouri Deferred Compensation Program.

From The Nevada Daily Mail: Missouri's retirement systems for public educators on solid footing says director

The Public School and Education Employee Retirement Systems of Missouri is doing what it needs to do, said Steve Yoakum, executive director of PSRS/PEERS.

Yoakum told those attending the Vernon County Retired Teachers meeting Sept. 25, at the Bowman Building in Nevada that the system was meeting its stated goals:

* To help school districts attract and retain the best and brightest educators and employees for Missouri's school children.
* To manage the systems in a prudent and cost-efficient manner.
* To provide retirement security to Missouri's educators and education employees after a full career of service.

From CNN Money: Don't waste your savings on a boring retirement

Sometimes we put so much time and effort into the financial aspects of retirement planning -- saving the right amount, creating a viable investing strategy, assuring we'll have adequate income after the paychecks stop, etc. -- that we don't pay enough attention to translating all that financial planning into a more enjoyable and gratifying retirement.

Which is why I've long recommended that as people get within five to 10 years of calling it a career -- and then again periodically during retirement -- they engage in some "lifestyle planning," or thinking seriously about how they to spend the last 30 or so years of their lives.
 

From Naija247 News: US pension funds embrace private equity in Africa

But while African pension funds still tend to err on the side of caution and, for the most part, avoid investing in domestic private equity funds, US pension funds are embracing private equity on the continent.

That Missouri’s 111,000 retired state workers receive some of their pensions thanks to Africa consumers may seem unlikely.

As pension funds the world over struggle to meet their responsibilities, many are considering a larger exposure to African economies to tap into growth of, on average, close to 5 per cent a year. Some sectors, particularly those serving the nascent middle classes, have been growing much faster, at up to 20 per cent a year.

From Scripps Media: Missouri Senator McCaskill Addresses Pension Advance Fraudsters

A problem that's affecting pension advances among firefighters, veterans and teachers in other states is being addressed by Missouri Senator Claire McCaskill.

McCaskill says she's hoping other states will outlaw the practice of pension advances like Missouri.

She says because of fees and interest rates, pension advances often offer consumers terms and costs that are extremely unfavorable in comparison to other financial products.

Related: 2014 Legislation Affecting MOSERS.
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