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Linklaters Luxembourg Announces 8 New Promotions
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Упростят согласование мест торговли и выдачу разрешений - Рига
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Dubai: If inflation rate was at a very conservative estimate of 3 per cent per annum, the Dh500 in your wallet or bank right now would only amount to the value of Dh227 in 20 years. Or in the reverse of this calculation, the cost of spending Dh500 today, would cost you Dh743 (approximately), in 20 years. This means that while you continue to save, your money will either need to grow, or you’ll need to save exponentially more, to be able to actually afford the retirement you have been planning for.
One way to make your money grow is to invest it and let it grow over the long term. Investment – the word immediately brings to mind a hefty savings account, risks of day trading, a ‘diverse portfolio’, a stockbroker and a fear of loss. But here, we’ll be talking about investments that are supposed to grow in value over a couple of years with a passive investment style.
By Benjamin Cox on April 26, 2021 at 8:25am
18
th District Congressman Darin LaHood is co-sponsoring re-introduced legislation to allow for broader investment in public sector employment retirement programs.
The bipartisan Public Service Retirement Fairness Act would allow public sector employees like teachers, nonprofit employees, and public servants to have access to diversified investments in their 403(b) defined-contribution retirement-savings plans. 403(b) plans are similar to 401(k) plans offered in the private sector, but they cannot invest in Collective Investment Trusts.
The new law would allow public sector employee retirement programs to invest in the CITs, which typically have lower fees and more flexibility than the types of annuity contracts and mutual funds that the 403(b) plans are limited to investing in by law. Due to compound interest and higher fees, it can allegedly cost public servants thousands of dollars in retirement savings.
Assets under Management of Luxembourg ManCos Rise 4% to €4 1tn
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