Approaches Archives - DR News - News, Retirement, Finance

Record-Breaking Retirement: U.S. Approaches “Peak 65” Year

The city of New York, NY – The United States is heading towards a record-breaking year for retirement, known as “Peak 65.” This trend is a result of the large number of baby boomers reaching the traditional retirement age of 65. The combination of the baby boomer generation and longer life expectancies is contributing to this phenomenon. As the population ages, the impact of “Peak 65” on the workforce and economy is becoming more evident. …

Social Security Payments Could Lead to Higher IRS Bills for Millions of Americans as Tax Season Approaches

Sarasota, Florida – As tax season approaches, many seniors on Social Security may find themselves owing thousands of dollars to the IRS. Although Social Security payments received a 3.2 percent cost of living adjustment this year, this increase could inadvertently push many seniors into a higher tax bracket, resulting in a larger amount of money being withheld from their payments. In fact, it is estimated that nationally, about 40 percent of Social Security recipients are …

Health Care Approaches in Alaska Shift Towards Gym Membership Style Subscriptions

Juneau, Alaska – The Alaska Legislature recently passed Senate Bill 45, a groundbreaking healthcare initiative likened to a gym membership. The bill, which allows for direct health agreements in the state, aims to revolutionize the way Alaskans access basic healthcare services. With a vote of 28-12 in the state House, Senate Bill 45 was approved, clarifying that these direct care agreements are not considered insurance and therefore cannot be regulated as such. This move is …

Jackpot Soars to $800 Million as Powerball Drawing Approaches

Little Rock, Arkansas – The Powerball jackpot has reached a staggering $800 million after no winning tickets matched the numbers drawn on Saturday night. The winning numbers for the jackpot on Saturday evening consisted of 6, 23, 25, 34, 51, along with a red Powerball 3, and a Power Play of 2X. Although the grand prize went unclaimed, five fortunate players from California, Florida, Indiana, Texas, and Washington each secured $1 million by matching all …

Flood Watch Issued for DC Area as Heavy Rain Approaches

Washington D.C. residents are on high alert as a flood watch has been issued for the region from 2 a.m. to 2 p.m. on Saturday. The forecast calls for heavy rain and potential flooding, prompting locals to prepare for a wet weekend ahead. Despite a sunny start to the day, clouds have begun to gather as a storm approaches from the south, with rain expected late into the evening. As the evening progresses, clouds are …

DeSantis Set to Sign Historic Health Care Package as Deadline Approaches

TALLAHASSEE, Florida — Governor Ron DeSantis is on the brink of signing a significant healthcare package recently approved by the state’s Legislature. The package, including Senate President Kathleen Passidomo’s health care priority bills, was sent to the Governor for approval. DeSantis has until March 27 to make a decision on the bills – either signing them into law, vetoing them, or letting them become law without his signature. The main focus is on whether the …

IRS Cracking Down on Taxpayers as Filing Season Approaches

Phoenix, Arizona – Tax season is approaching, and with it comes some changes to the filing system in Arizona. This new system will bring about a different experience for Arizonans as they navigate their taxes this year. One major change to the filing system is the tax refund schedule. Understanding when you will receive your 2024 tax refund is crucial, as it can impact financial planning and budgeting. Yahoo Finance highlights the importance of knowing …