number Archives - DR News - News, Retirement, Finance

Record Number of 401(k) Millionaires Emerge as Retirement Savings Soar

New York – Retirement savings continue to be a concern for many American workers, with a significant portion struggling to accumulate enough funds for their post-work years. However, recent data from Fidelity Investments reveals a positive trend in the number of 401(k) millionaires and a notable increase in the average income contribution rate among all 401(k) savers. According to Fidelity, there is a growing number of 401(k) participants with balances exceeding $1 million, reaching a …

Octogenarian Writers Prove Age is Just a Number with Forward-Thinking Opinions

Cleveland, Ohio – Dr. Howard Tucker, a 102-year-old neurologist, has defied the norms of retirement by continuing to work and teach medical students at Case Western Reserve University. With a remarkable career spanning over seven decades, Dr. Tucker exemplifies a growing trend of individuals choosing to work well into their later years. His dedication to his profession and passion for learning have earned him recognition as the world’s oldest practicing doctor by the Guiness Book …

Darryl Strawberry Makes History with Citi Field Number Retirement

Flushing, New York – Former MLB star Darryl Strawberry is set to receive a special honor at Citi Field this season, with his number being retired in a ceremony to commemorate his impressive career. Strawberry, a former outfielder for the New York Mets, was a key player during the team’s success in the 1980s. Known for his powerful hitting and outfield prowess, Strawberry became a fan favorite for his contributions to the Mets’ lineup. The …

$168,600: The Key Number for Maximizing Your Social Security Retirement Benefits

Los Angeles, California – Social Security has long been viewed as a safety net rather than a primary source of retirement income. Many financial experts advise that for a comfortable retirement, individuals should not rely solely on Social Security benefits, especially for those who have been diligent in investing and saving for the future. However, for those looking to maximize their Social Security benefits, there are specific criteria to meet. One key factor in determining …

Retirement Experts Debunk the $1.46 Million “Magic Number” Myth

Boston, Massachusetts – A recent study conducted by Northwestern Mutual reveals that the new “magic” retirement number is $1.46 million. This figure, discussed in various financial outlets and online forums, has sparked both conversation and concern among Americans regarding their financial future. Financial advisors caution against relying solely on a universal magic number for retirement planning. While general benchmarks like $1.46 million can be helpful, it’s crucial to personalize one’s retirement savings goals based on …

Record Number of OPM Retirement Claims Processed in February

Washington, D.C. – The Office of Personnel Management in February showed significant progress in processing retirement claims, hitting a high mark of 10,025 claims, the highest since April 2023. With 8,794 claims received during the month, OPM managed to process over 3,000 claims more than in January, providing relief to the backlog. Following a notable increase in the backlog in January, OPM made commendable strides in reducing the backlog by 1,231 claims, bringing the total …

52-Year-Old Jaromir Jagr Still Plays Professional Hockey and Will Have His Number Retired by Pittsburgh Penguins

PITTSBURGH, PA – The Pittsburgh Penguins are set to retire Jaromir Jagr’s number, No. 68, in a historic ceremony to take place on Sunday. This will solidify Jagr’s place in the franchise’s history alongside Mario Lemieux and Michel Briere as the only three players to receive this honor. Jagr, who is in Pittsburgh for the occasion, had to take time off from his game in order to participate in the festivities. For many, it may …

Social Security Alert: Nikki Don’t Lose That Number for Unclaimed Benefits

Los Angeles, California – Social Security is essential for many people in the United States, providing financial support during retirement and in the event of disability. However, the process of applying for and receiving Social Security benefits can be complex and overwhelming for some individuals. In recent years, there has been an increase in the number of individuals who are being denied Social Security benefits upon their initial application. This has led to a growing …

Medicare Card Lost? Here’s How to Retrieve Your Medicare Number

MINNEAPOLIS, MINNESOTA – In late January, a client named Bill contacted me in a panic. He had lost his job and his healthcare insurance and needed to enroll in Medicare by March 1. Having already been automatically enrolled in Medicare Part A by Social Security, Bill now needed to enroll in Part B, but was facing difficulties doing so. One of his main challenges was not having his Medicare card on hand, which is a …

Account Number Recycled by CIBC Causes Widow to Fight for Pension Funds

Ottawa, Canada – Dobrinka Gueorguieva, a recent widow, encountered a distressing situation when her pension funds were mistakenly deposited into a stranger’s account by CIBC, her bank. After providing a void cheque to set up her pension deposits, Gueorguieva discovered that the account number on the cheque had been “recycled” by the bank, resulting in five pension payments being deposited into the wrong account. Although the bank was able to recover three of the payments, …