retirement Archives - Page 14 of 48 - DR News

Retirement Survey Reveals Americans Aim for $1 Million Benchmark for Comfortable Retirement

Denver, Colorado – Is $1 million the new benchmark for a comfortable retirement in the United States? Recent surveys suggest that more Americans believe that having at least $1 million in savings is essential for a secure and comfortable retirement. According to studies conducted by various financial firms, older workers are predicting the need for substantial retirement savings ranging from $1.1 million to $4.3 million. These figures reflect the growing concern among Americans about the …

Buying Power Eroding for Social Security Recipients: Why Retirement Savings Are Key

New York, New York – Seniors across the country rely on monthly Social Security benefits to cover essential expenses like housing, medication, and food. However, while these benefits are supposed to keep pace with inflation through yearly cost-of-living adjustments (COLAs), many retirees are finding that their purchasing power is actually decreasing over time. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) is used to calculate Social Security COLAs, but it fails …

Thinking About Working in Retirement? Here’s Your Must-Read Guide

If you’re contemplating the idea of working after your retirement, you’re part of the majority. In 2024, the Transamerica Center for Retirement Studies conducted a survey; they found that 55% of workers expressed their intention to continue working after what is conventionally considered “retirement,” with nearly 20% planning to work full-time. Some retirees opt to keep working for financial reasons, while others see potential health benefits. A 2016 study published in the Journal of Epidemiology …

The Surprising Ways Your Credit Score Dictates Your Retirement Luxury

When one envisions retirement, the usual images that come to mind are sandy beaches, peaceful afternoons, and a life free of financial worries. However, the tranquility of retirement can be easily disrupted if one doesn’t consider the significance of a good credit score. It’s a common misconception that once you’re retired, credit scores lose their relevance. In reality, even in retirement, a solid credit score can hold as much weight as during one’s earning years, …

Thierry Neuville Hints at Possible Retirement from World Rally Championship in 2024

Ostbelgien, Belgium – Belgian driver Thierry Neuville has hinted at the possibility of retiring from the World Rally Championship at the end of this season. The 35-year-old veteran, currently competing in his 13th consecutive season at the highest level of rallying, has been contemplating his future in the sport due to uncertainties surrounding the series. Neuville, a seasoned competitor who has clinched the championship runner-up title five times, expressed his thoughts on potentially ending his …

Retirement Reckoning: Ben Shapiro’s Controversial Views on Social Security and Retirement Age

Boston, MA – Conservative pundit Ben Shapiro recently made controversial remarks about retirement and Social Security, sparking a debate on the future of these programs. Shapiro, known for his influential presence in conservative circles, challenged conventional ideas surrounding retirement age and Social Security benefits. Shapiro, 40, argued that the notion of retiring at 65 is outdated and even went as far as calling retirement itself a “stupid idea.” He pointed out that when Social Security …

Retirement Savings Study Reveals One in Five Adults Have No Savings, AARP Launches Campaign to Encourage Planning

Jacksonville, Florida – A recent survey conducted by the AARP reveals a concerning statistic – more than one in five adults have no retirement savings. In response to this alarming trend, the AARP and the Ad Council have joined forces to launch a campaign called “This is Pretirement” aimed at urging individuals to take proactive steps towards securing their financial future. Mary Liz Burns, a representative from the AARP, emphasized the importance of addressing the …

Wake-Up Call: The 3 Overlooked Realities Facing Every Retiree

Retirement, though meticulously planned for, often arrives with unexpected realities that can challenge even the most foresightful individuals—these significant life transitions usher in a whirlwind of alterations to one’s daily life and finances. Some retirees have to adjust to specific pivotal changes such as downsizing living spaces, budgeting with a tighter income, and dissociating personal identity from professional roles. However, the evolution doesn’t end there. As retirement approaches or if you’re already at the cusp …

The Spousal Benefit Switch: Could This Social Security Secret Boost Your Retirement Income?

Retirement is a phase of life that brings many decisions, especially concerning finances. One such decision revolves around Social Security benefits. If you’re married, consider spousal benefits’ intricacies. Let’s dive deep into this topic. The Basics of Social Security Spousal Benefits Social Security serves as a dependable source of retirement income. For married couples, deciding when to claim these benefits becomes crucial, especially if qualifying for spousal benefits is possible. If you’ve already initiated your …

Derek Watt Announces Retirement After Seven-Year NFL Career

Pittsburgh, PA – Former NFL fullback Derek Watt has announced his retirement from professional football. Watt revealed the news through a heartfelt post on Instagram, expressing gratitude for his time in the league and the relationships he has built along the way. While he may not have reached the same level of success as his brothers, J.J. Watt and T.J. Watt, Derek Watt still had a successful seven-year career in the NFL. Having been drafted …