retirement Archives - DR News - News, Retirement, Finance

Social Security Retirement Benefits: Mistake or Necessity at 62?

Pittsburgh, PA – A retired individual shared their experience of being compelled to opt for Social Security retirement benefits at the age of 62 instead of Supplemental Security Income (SSI). Now at the age of 71, they are questioning if this decision was an error on the agency’s part. This situation raises concerns about the complexities of social security benefits and the various factors that come into play when individuals make such decisions. It is …

Three Key Components To Maximize Your Retirement Savings

If your working years were spent as an employee, your taxes on wages were pretty straightforward. You worked and contributed to employer-based benefits, and the net was reported to you on a W-2 form, which you used to plug into your 1040 tax form. There is not much wiggle room for reporting that income and paying the associated taxes. The good and the bad of retirement income planning is that you have all the control. …

Investing: The Secret to Financial Security and Retirement Success

In Omaha, Nebraska, renowned investor Warren Buffett once famously said, “You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.” For many individuals, investing is a crucial step in growing their savings and ensuring financial security in retirement. Beginning early in one’s career can be advantageous due to the extended time frame available for interest and investment returns to …

Retirement expert Suze Orman shares key advice on Social Security benefits timing

Miami, Florida – Planning for retirement can be a complex journey filled with important decisions, one of the most critical being when to start taking Social Security benefits. The choice between early or delayed claiming is heavily debated, with each individual’s circumstances playing a significant role in the decision-making process. According to the 2023 Schroders U.S. Retirement Survey, only 10% of non-retired Americans plan to delay their Social Security benefits until age 70 to maximize …

Retrospective: Braves Pitcher Wisler Announces Retirement After Rollercoaster Career

Atlanta, Georgia – The Atlanta Braves, a dominant force in the NL East division for six consecutive seasons, are facing a significant change as one of their former pitchers, Matt Wisler, announces his retirement from professional baseball at the age of 31. Wisler, once a highly-regarded prospect in baseball, made his debut with the Braves in 2015 and showed flashes of brilliance on the mound. However, his career took a turn for the worse in …

Scammed Australian Loses Retirement Nest Egg in Million-Dollar Inheritance Con by Impersonators

A Melbourne, Australia, man recently fell victim to a devastating scam that wiped out his retirement savings in just the blink of an eye. Renato Calalang, a 60-year-old resident of Melbourne, had diligently saved close to $150,000 for his retirement when he received an email from someone claiming to be the owner of a bank in his native Philippines. The email, allegedly sent by a person named Steve Golds, informed Calalang that a cousin of …

Retirement Crisis: Nearly a Quarter of Americans Have Nothing Saved, Survey Reveals

Orlando, Florida – A recent survey conducted in the United States revealed a concerning trend among individuals aged 18 to 64: between 25% and 35% reported having no savings for retirement. This lack of financial preparedness raises questions about the ability of Americans to retire comfortably in the future. According to the survey, 28% of Americans have nothing saved for retirement, with 39% not contributing to a retirement fund, and 30% expressing doubts about ever …

Levy Considers Retirement as Acting Career Future looms

Los Angeles, California – Veteran actor and comedian Eugene Levy is contemplating the future of his acting career, hinting that retirement may be on the horizon. Levy, 77, gained renewed popularity in recent years due to his role in the hit comedy series “Schitt’s Creek.” In a candid interview with The Independent, he expressed his openness to the idea of stepping back from acting in the near future. Reflecting on retirement, Levy shared, “I’m not …

Retirement Income Sources Unveiled in Weekend Reading Edition

Toronto, Canada – Planning for retirement can be a daunting task, especially when considering the various income sources available. Understanding the pillars of Canada’s retirement income system is crucial for individuals preparing for their golden years. These pillars include benefits such as Old Age Security (OAS), Guaranteed Income Supplement (GIS), Canada Pension Plan (CPP), and personal retirement savings like Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs). The first pillar, funded by general …