California State

Columbus, OH

The California Public Employees’ Retirement System staff Monday announced that the pension fund had achieved a 9.3% return in its most recent fiscal year, through June 30, 2024. Exceeding its 6.8% long-term investment return benchmark, assets of the largest pension fund in the U.S. rose to $502.9 billion, also...

CalPERS Announces 9.3% Return in Year Ending June 30

Social Security benefits got a 3.2% cost-of-living adjustment (COLA) in 2024, but two-thirds of retirees say their expenses have increased more quickly, meaning benefits lost buying power. The Senior Citizens League thinks benefits will get a smaller COLA of 2.6% in 2025, which is particularly bad news for retired workers...

Social Security Benefits Get a Cost-of-Living Adjustment (COLA) in 2025, But the Latest Forecast Is Bad News for Retirees

Markets Insider

The Berkshire Hathaway executive will put his fortune into a trust run by his three children, who will decide how to use it, he told The Wall Street Journal.

Warren Buffett says he'll put his $130 billion fortune into a charitable trust run by his children after he dies

SmartAsset

As you approach retirement, your financial focus shifts. During your working life, retirement is about goals and planning. You decide what kind of lifestyle you want, figure out what kind of income will support that spending, then build a savings and investment plan to reach those goals. That should be your retirement approach at age […] The post I’m 65 With $1.2 Million in an IRA. I’ll Get a $2,900 Monthly Social Security Benefit. What’s My Retirement Budget? appeared first on SmartReads by SmartAsset.

I'm 65 With $1.2 Million in an IRA. I'll Get a $2,900 Monthly Social Security Benefit. What's My Retirement Budget?

The Motley Fool

Even with moderating inflation, there's still a big problem for retirees with whatever next year's COLA will be.

Here's the Latest 2025 Social Security COLA Estimate -- and Why It's Both Good News and Bad News for Retirees

Oklahoma State

Daily Mail

In a new report by GOBankingRates , the personal finance site showed just how long a retirement fund worth $1 million would last when looking at annual expenses.

Troubling new study reveals how little $1m in retirement savings would last in each US state

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Delaware State

Joe Biden and First Lady Jill have been using their homes as an ATM, taking out multiple mortgages and refinancing their Delaware properties an astonishing 35 times, DailyMail.com can reveal.

Report: The Bidens have been using their Delaware house for fast cash

Fintech firm Arcesium unveiled its new Opterra platform for managers to optimize operations and accelerate data strategies, officials said. Opterra is slated to optimize all middle- and back-office functions across asset classes and provide operational infrastructure with new capabilities in areas such as expanded self-service reporting; increased operational support for assets including private credit and […]

Arcesium launches new operational platform

Pennsylvania State

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Bucks County Beacon

With an assassination attempt on Donald Trump at a rally in Pennsylvania on July 13, 2024, the U.S. experienced another violent episode in its increasingly polarized politics. Former President Trump, who’s about to formally become the GOP nominee for president in the 2024 election, survived the attempted assassination when, initial reports said, a bullet grazed his ear . But one rally attendee was killed , more spectators were injured and the suspected gunman is also dead. The Conversation’s politics editor, Naomi Schalit, spoke with University of Massachusetts, Lowell, scholar Arie Perliger after the event. Perliger offered insight from his study of political violence and assassinations. Given the stark political polarization in the U.S., Perliger said, “it’s not a surprise that eventually people engage in violence.”

‘One Inch from a Potential Civil War’? Trump Shooting a Close Call for American Democracy

GOBankingRates

Retirement should be enjoyable and stress-free. You certainly don't want to have any worries about your housing situation.  You've reached the age where you might consider selling your home for a...

5 Reasons Retirees Shouldn’t Sell Their Homes in 2024

FinanceBuzz

Downsizing is a great option if you're looking to cut expenses, but be sure to avoid these 11 mistakes that could end up making the move expensive.

11 Mistakes Most Retirees Deeply Regret Making When Downsizing

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Anika Jindal

Retirement should be a time for relaxation, not financial stress. Overspending on luxury items or ill-advised investments can jeopardize your financial stability. This article will discuss certain purchases that retirees, particularly Baby Boomers, should avoid to maintain their financial health. Let’s explore these potential pitfalls to ensure a secure and peaceful retirement.

12 Purchases Boomers Should Never Make During Retirement

The vast majority of people don't reach that goal. Read on to find out how to boost your retirement savings.

How Many People Really Save $1 Million for Retirement?

By the end of 2023, a typical 67-year-old US citizen is likely to receive a monthly Social Security benefit of about $1,883.50, totalling $22,602 annually. This estimate assumes that the individual begins to collect benefits at full retirement age and represents an increase from the average payout of $1,543.87 per month or $18,526.44 annually in 2020.

US social security benefits to increase by 2023

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

You may be entitled to more than you think from Social Security.

1 Lesser-Known Social Security Rule All Retirees Should Know

Kentucky State

Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

New York State

The $268 billion New York State Common Retirement Fund (NYSCRF) added just over $2 billion across a wide array of alternative investment strategies, with the largest commitments going to real assets strategies. The allocations were reported to be made during the month of May, according to an investment report. Real assets led the way in […]

New York adds over $2bn to alts strategies

NewsBreak

CalPERS reports 17% return for private debt

The $514 billion California Public Employees Retirement System (CalPERS) disclosed its annual investment performance...

CalPERS reports 17% return for private debt

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