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2. Illinois Municipal Retirement Fund - Wikipedia

   en.wikipedia.org/wiki/Illinois_Municipal...

   The Illinois Municipal Retirement Fund (or IMRF) is the second largest and best-funded public pension system in Illinois. Since 1941, has partnered with local units of government to provide retirement, disability and death benefits for public employees. With a funded status of about 98 percent and more than $50 billion in assets, IMRF is well ...

3. Empower (financial services) - Wikipedia

   en.wikipedia.org/wiki/Empower_(financial_services)

   Empower was created in 1891, when parent company Great-West Lifeco was founded as an insurance provider on the Canadian prairie. [1] After serving more than a century of expansion and a profound evolution of service offerings, the modern iteration of Empower was launched in 2014, when the retirement businesses of Great-West Life combined the record-keeping services of Great-West Financial ...

4. Illinois pension crisis - Wikipedia

   en.wikipedia.org/wiki/Illinois_pension_crisis

   The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees.

5. How Much Do I Need To Retire? Retirement Calculator and Tips

   www.aol.com/much-retire-retirement-calculator...

   The final rule for retirement savings is the 80% rule, or saving enough to replace 80% of your pre-retirement income. So if you currently earn $100,000 per year, this rule says you’ll need ...

6. Will You Run Out of Money in Retirement? - AOL

   www.aol.com/finance/retirement-income-enough...

   This comes from the 4% rule, which proposes that you can withdraw 4% of your portfolio in retirement and it’ll potentially last for 30 years.”. For example, if you need $70,000 per year to ...

7. How to Catch Up on Retirement Savings in Your 60s - AOL

   www.aol.com/catch-retirement-savings-60s...

   One of the best ways to catch up on savings is to take advantage of catch-up contributions allowed for retirement accounts like 401 (k)s and IRAs. In 2024, those aged 50 and older can contribute ...