U.S. Is Still Not Among Top 10 Countries for Retirement

Also: The IRS Is Sending Special Refund Checks to 1.6 Million Taxpayers This Month
͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
September 27, 2022
Retire with Money

The United States doesn’t get great grades globally when it comes to retirement. For 10 years, French investment bank Natixis has been keeping score with its Global Retirement Index. The U.S. has usually been in the top 20 best countries for retirement (except for the first year of the survey), but never cracked the top 10. Those top spots seem reserved for countries such as Norway, which took first place this year, as it did in 2017.

Natixis ranks 44 countries using factors that affect financial security and material well-being, including unemployment and income inequality. The U.S.’s overall score dipped this year, driven by lower scores on measures including tax pressure and government debt, landing at No. 18 on the list.

The good news is, we’re better than we used to be. In 2012, the first year of the index, the U.S. scored a dismal 23rd place. We peaked at No. 14 in 2016. 

What happened? The top reason for our lower ranking is rising healthcare costs: It’s no surprise that with a fragmented health care system, the U.S. gets poor scores in health. To find out more, check out our story on the index.

— Jill Cornfield, deputy editor

P.S. If you got this newsletter from a friend, sign up here for email delivery to make sure you don't miss the next issue.

 

Timely Retirement News, Insights and Advice

 

Check your mailbox for some good news from the IRS. The agency is sending out $1.2 billion in collective refunds or credits to roughly 1.6 million taxpayers who got hit with fees for filing their 2019 or 2020 federal income tax returns late. The majority of eligible Americans are set to receive those refunds by the end of September.

 

10 Cities Where Homebuyers Are Most Likely to Pay All Cash
The housing market is cooling rapidly and bidding wars may be fading away, but all-cash home purchases are still more common than they were before the pandemic. New data released by real estate brokerage Redfin shows that roughly one-third of home purchases in the U.S. were bought with cash in July. That’s up from 27.5% the year before and higher than nearly any point since early 2014.

 

Here at Money we're not always so keen on taking advice from old adages. To be fair, there is wisdom in some sayings coined by legendary investors, and some classic tips can provide helpful guidance. We take a look at eight common investing sayings that financial advisors say you can ignore.

 

The Federal Reserve announced its fifth consecutive interest rate hike on Wednesday, bumping up the target federal funds rate by 0.75% to reach a range of 3% to 3.25% in its ongoing battle against inflation. It hasn't been this high since 2008.

 

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Money Moves
Sam Sharf
Every Saturday, Money real estate editor Sam Sharf dives deep into the world of real estate, offering a fresh take on the latest housing news for homeowners, buyers and daydreamers alike.

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Older messages

Take that Monthly Retirement Projection With a Grain of Salt

Sunday, October 9, 2022

Also: The 50 Best Places to Live in the US ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Issue #163: Christmas shopping with a PSL in hand

Wednesday, October 5, 2022

plus a Missouri sign war + bear snack ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Money's Best Places to Live 2022

Saturday, October 1, 2022

And the best place to live is... ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Issue #162: Everyone is over overdraft fees

Wednesday, September 28, 2022

plus Cardi B hot takes + unstreamable songs ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Issue #161: Just how high can they climb?

Wednesday, September 21, 2022

plus free ballet classes + a relaxed raccoon ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

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