Majority Archives - DR News - News, Retirement, Finance

Retirement Reality Check: Majority of American Workers Leave the Workforce Earlier than Expected, New Study Finds

Have you ever wondered about the retirement age expectations of American workers in Los Angeles, California? Many believe they will retire at the traditional age of 65. However, new research reveals a different reality, with the majority actually stepping back from work sooner than anticipated, often not by choice. According to recent findings from the Employee Benefit Research Institute, the median retirement age for Americans is 62, indicating that the typical worker is retiring three …

Brookfield Negotiating Acquisition of Majority Stake in Castlelake, an Aircraft Leasing Company

Los Angeles, CA – The global investment firm Brookfield is reportedly in negotiations to acquire a majority stake in Castlelake, a leading asset management company based in Los Angeles. This potential deal signifies a significant move in the financial sector, highlighting Brookfield’s continued growth and strategic investment decisions. Castlelake specializes in alternative investments, with a focus on asset management in various sectors such as real estate, aviation, and energy. Their expertise in identifying and managing …

Pension vs. 401(k): Survey Reveals Majority of Americans Prefer Traditional Pension for Retirement Security

Dallas, Texas – A recent survey has shed light on the American perspective when it comes to retirement planning, with many favoring traditional pensions over modern 401(k) plans. Despite this preference, the prevalence of pensions has significantly decreased over the past few decades, leading to a shift towards 401(k)s and IRAs as primary retirement savings tools for most Americans. Between 1975 and 2019, the number of individuals actively participating in private-sector pension plans dropped significantly, …

Pensions Preferred by Majority of Americans Over 401(k)s, Survey Finds

Los Angeles, California – A recent survey has revealed that a majority of Americans prefer traditional pensions over 401(k) plans. The survey, conducted by a reputable research firm, indicates a strong preference for a guaranteed monthly income in retirement, rather than relying on investments. The findings of the survey shed light on the financial concerns and priorities of American workers when it comes to retirement planning. Despite the growing popularity of 401(k) plans in recent …

Rep. Buck’s Early Resignation Shrinks House GOP Majority

Denver, Colorado – The Republican party is facing a significant shift in its majority in the House of Representatives as Rep. Ken Buck of Colorado plans to resign early. This decision will further diminish the GOP’s hold on the House, as Buck is set to leave his congressional seat at the end of next week. Buck’s early resignation comes as a surprise to many in the political sphere, with speculations arising about the reasons behind …

Haley’s False Plan: Cutting Social Security Benefits for Majority of Americans Debunked

Columbia, South Carolina – Former President Donald Trump’s campaign released a Facebook ad attacking Republican presidential candidate Nikki Haley’s alleged plan to reform entitlement programs. The ad claims that Haley’s proposal would cut Social Security benefits for 82% of Americans, sparking controversy and debate among voters. In the ad, a narrator accuses Haley of jeopardizing Americans’ retirement security by proposing changes to entitlement programs like Social Security and Medicare. Haley is shown in a video …

Snowplow parents: New study shows majority of parents have given financial help to adult children in the past year

NEW YORK, NY – A recent study by Pew Research has found that three-fifths of parents with adult children provided them with financial assistance in the past year. This highlights the trend of modern parenting extending well beyond a child’s 18th birthday. Financial planners caution that supporting adult children can be costly, emphasizing the importance of parents meeting their own financial needs. Previous Pew research has shown that nearly half of adults under 30 years …

Minnesota Senate Majority Leader Kari Dziedzic Steps Down to Focus on Cancer Treatment, Leaves DFL in Search of New Leader

MINNEAPOLIS, MN – After leading the 34-member DFL caucus through a historic 2023 session, Minnesota Senate Majority Leader Kari Dziedzic stunned her fellow senators with the announcement that she will step down from her leadership post to focus on her cancer treatment. Dziedzic, 61, shared her decision in a written statement, citing the return of her cancer and the serious challenges she is facing. The news came as a surprise to many, especially considering how …