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Eliminating the tax cap is just one of the proposals that could help shore up Social Security's finances.
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Families of USS Lincoln crew say Trump should be 'ashamed' of conditions on board NPRMaher on USS Abraham Lincoln conditions: ‘It just makes my blood boil' thehill.comNavy and USS Lincoln's Problems Are Tied to Attacks on U.S. Base Early in War The New York TimesUS pulls last aircraft carrier in Asia as Trump focuses on Iran and the Western Hemisphere AP News
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Devon Witherspoon, Seahawks agree to four-year extension NBC SportsSources: Seahawks, CB Witherspoon agree to 4-year, $132M deal ESPNDevon Witherspoon contract: Seahawks star becomes NFL's highest-paid CB, raises bar for Christian Gonzalez CBS SportsSeattle Seahawks make Devon Witherspoon NFL's highest-paid CB of all time, but probably not for long Fox News
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Investors say that the most-followed woman on Instagram failed to follow through on her commitments.
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Italy-focused private markets manager Nextalia has held a €1.1bn first close for its second flagship private equity fund, securing one of the country's largest pools of capital dedicated to mid-market buyouts just five months after launching the raise.
The post Nextalia secures €1.1bn first close for second flagship buyout fund, platform tops €3.4bn AUM appeared first on AltAssets Private Equity News.
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A lot of retirement guidance I have read lately continues to treat baby boomers the same as the rest of the investor public. Even after the first six months of 2022, when the traditional 60/40 stock/bond portfolio sank more than 20%.
I may not dispute the traditional approach for investors who are 25, 35 or 45 years old and accumulating savings for retirement or the kids' college education. As we know, markets historically rebound, and younger investors with time to recover from market corrections have the benefit of dollar cost averaging.
SEE MORE Find Out in 5 Minutes If You Have Enough to Retire
But boomers entering or already in retirement have different needs than all the "Gens" that have come after them: They may not be able to wait around for their depressed accounts to grow again. For boomers, income is the important consideration — income that stays steady and grows over the decades of retirement.
Where to find income
Economic downturns always provide winners along with the many losers, and annuity payment contracts (also called income annuities) — which with rising interest rates have increased the payouts on new contracts — are the current winners. As of August 15, 2022, new purchases of income annuities at certain ages are providing 20% to 50% (depending on the income start age) more than at the beginning of the year, and that could go up even further. They're almost the mirror image of mortgage interest rates, which are also going up.
How much do you think a 20% increase in annuity payments is worth? Just imagine that your starting Social Security benefit you could claim next year went up from $3,000 to $3,600 per month. Would that get your attention
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