plans Archives - DR News - News, Retirement, Finance

Tax Relief: Governor Justice Plans to Scrap Social Security Income Tax in Three-Year Proposal

Charleston, West Virginia – West Virginia Governor Jim Justice has put forward a proposal to phase out the state income tax on Social Security benefits over the course of three years. This plan has garnered support from the House Finance Committee, marking a significant development in tax legislation in the state. The proposed plan aims to provide relief to retirees and elderly residents who depend on Social Security as a primary source of income. Governor …

Social Security Funding Crisis Looms: 3 GOP Politicians’ Plans Unveiled for 2024 Election

WASHINGTON, D.C. – With the 2024 presidential race gearing up, the focus on Social Security has intensified as both Democratic and Republican candidates promise to preserve benefits. However, looming funding shortfalls have brought the issue to the forefront of the campaign landscape. The program’s Old Age and Survivors Insurance Trust Fund is projected to run out of money within the next decade, leaving Social Security solely reliant on payroll taxes that currently cover only about …

Finances and Freedom: Married Lawyers Face Off Over Early Retirement Plans

Atlanta, GA – Two married lawyers in Atlanta, Rachel and Brian, are facing a financial dilemma as Brian aims to retire within the next year or two. With a joint net worth of $2.3 million, the couple has a combined annual income of $270,000 and minimal debt. However, their differing attitudes toward money and separate finances have led to a major disagreement about Brian’s early retirement plans. Rachel, 51, expressed her shock and anxiety when …

Pension Fund Exits Investment in Over 300 Fossil Fuel Companies, Including Shell and BP, Over Lack of Decarbonization Plans

Amsterdam, Netherlands – One of the largest pension funds in Europe, PFZW, has made a significant move by divesting from over 300 fossil fuel companies, including big players like Shell, BP, and TotalEnergies. This decision comes after a 2-year engagement process, during which PFZW set increasingly stringent criteria for oil and gas companies in its portfolio. As a result, only seven such companies remain in its investment portfolio. The divestment from 310 companies marks a …

Shocking Discovery: Uvalde Shooter Discussed School Violence Plans in Middle School, Previously Unreleased Records Show

Uvalde, Texas – Recently released documents have unveiled troubling revelations about Salvador Ramos, the teen behind the devastating Uvalde school shooting, showing that his violent inclinations were evident years prior to the tragic event. As early as middle school, Ramos had spoken about his intent to carry out a school shooting, a grim warning that went unheeded. The documents, which came to light this week, draw from a conversation Ramos reportedly had in a chat …

Employer Match for Student Loan Repayments Offers Game-Changing Opportunity for Black Women’s Retirement Plans

Arlington, VA – Starting this year, a new policy allows employers to match employees’ student loan repayments as 401(k) contributions, a change experts believe could have a significant impact on individuals struggling with student loan debt, particularly Black women. This policy, enacted under Section 110 of the SECURE Act 2.0, allows an employer to make matching contributions with respect to ‘qualified student loan payments’ under a 401(k) plan, 403(b) plan, or SIMPLE IRA. The policy …

Starmer Vows to Thwart Far-Right’s Plans for ‘Summer of Riots’ Following Southport Stabbing Incident

LONDON — Following a violent incident in Southport, Keir Starmer, the leader of the Labour Party, has declared his intent to prevent far-right groups from orchestrating a “summer of riots.” This statement comes in the wake of increasing tensions in the community and throughout the nation. Starmer expressed grave concerns over the potential for escalated far-right activities during the summer months, coinciding with various high-profile public events and gatherings. He emphasized the need for immediate …

Sam Heughan Plans to Keep a Cherished Memento from the Outlander Set

Sam Heughan, the Scottish actor renowned for his role as Jamie Fraser in the popular historical drama series “Outlander,” has decided to claim a personal memento from the set as the show navigates its concluding seasons. “Outlander,” which airs on Starz, has captured the attention of a global audience, offering a compelling mix of romance, history, and adventure. The series revolves around Claire Randall, a World War II nurse played by Caitriona Balfe, who inexplicably …

Retirement and Social Security Expert Mary Johnson Shares Insight and Plans for Her Future

HOUSTON, TEXAS – Mary Johnson, a prominent Social Security and Medicare policy analyst at the Senior Citizens League, recently revealed her plans to retire from the advocacy group in March. Despite her wealth of financial knowledge, Johnson emphasized the importance of seeking advice from a trusted financial advisor, especially in the lead-up to retirement. She acknowledged that even experts can benefit from outside expertise and a reliable sounding board. Johnson’s decision to retire coincided with …

Rising Age of Retirees Around the World Reveals Surprising Truths About Retirement Plans

Presidential hopeful Nikki Haley’s proposal to raise the retirement age for Americans has sparked a debate about retirement differences around the world. As retirement approaches, individuals look for varied approaches and rights for senior citizens that impact their overall quality of life. The average age of the population is increasing in many countries, leading to discussions about how to support older adults financially, medically, and within their communities. Haley’s pledge to raise the retirement age …