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Retirement Savings: Only 10% of Americans Retire with $1 Million Nest Egg

Reported 4 months ago

For decades, a $1 million retirement savings goal has been seen as ideal, but the reality is that only about 10% of American retirees achieve this milestone. The Federal Reserve's Survey of Consumer Finances reveals that most retirees fall short, with the median retirement savings balance at just $87,000 for all U.S. families. Generation X faces challenges with a median retirement savings of $40,000 and a belief that $1.1 million is needed for retirement, while Baby Boomers aged 58-77 have a median savings of $120,000, far from their $1 million target. Strategies like early savings, maximizing tax-advantaged accounts, and staying invested can help, and consulting a financial advisor for personalized guidance is key to achieving retirement goals.

Source: YAHOO

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retirement savings fall short of $1 million

Reported 4 months ago

A recent survey by the Federal Reserve shows that only about 10% of American retirees have managed to save $1 million or more, leaving a significant 90% who fall short of this milestone. Challenges vary across generations, with Gen X having a median retirement savings of $40,000 despite believing they need around $1.1 million for retirement. Baby Boomers face similar gaps in their retirement savings, with an estimated $1 million needed but having median savings around $120,000. Strategies for reaching the $1 million mark include starting early, maximizing tax-advantaged accounts, and staying invested, but defining personal retirement goals and working with a financial advisor are key to developing a plan that aligns with individual needs and circumstances.

Source: YAHOO

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Everything to Know About Rian Johnson’s 'Wake Up Dead Man: A Knives Out Mystery'

Reported 4 months ago

Rian Johnson's latest installment in the 'Knives Out' mystery series, titled 'Wake Up Dead Man,' is generating excitement among fans with new information being gradually revealed, from casting details to the storyline. Following the success of 'Knives Out' and its sequel, Johnson's unique approach to the series and collaboration with Netflix for two more sequels have raised anticipation for this star-filled whodunnit, despite some differences in distribution strategies.

Source: YAHOO

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Mitigating Large Tax Bills Due to Lack of Capital Gains Withholding in Investment Accounts

Reported 4 months ago

Michele Cagan, CPA, advises on mitigating large tax bills due to investment accounts not withholding taxes from capital gains. Strategies include increasing withholding from other income sources, making quarterly estimated tax payments, and contacting mutual funds for potential withholding. Understanding capital gains distributions and using safe harbor guidelines to avoid underpayment penalties are key. Taking proactive steps can help manage tax liability throughout the year and prevent an unexpected balance due in April.

Source: YAHOO

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Roaring Kitty's GameStop Reddit Post Signals $289 Million Paper Fortune

Reported 4 months ago

Keith Gill, known as Roaring Kitty, posted a portfolio screenshot on Reddit without comment, revealing a paper fortune of $289 million, potentially making him worth $289 million on Monday. The post showed his GameStop holdings, including 5 million shares and 120,000 call options expiring June 21. Gill's social media accounts had been inactive for over three years until he resurfaced last month, sparking a surge in GameStop shares. E*Trade is considering removing him from its platform amid concerns of stock manipulation linked to his recent GameStop options purchase.

Source: YAHOO

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Megan Michaels Wolflick discusses Abi Carter's standout performance and the search for a new judge on 'American Idol'

Reported 4 months ago

Megan Michaels Wolflick, the showrunner of 'American Idol,' talks about Abi Carter's memorable performance and the ongoing search to replace Katy Perry as a judge. The reality TV show recently concluded a successful season, and the discussion is hosted by Gold Derby editor Marcus James Dixon.

Source: YAHOO

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Aaron Judge's Stellar Performance in San Francisco, Tommy Pham's Altercation, and MLB Weekend Highlights

Reported 4 months ago

During the New York Yankees' weekend in San Francisco, Aaron Judge shined with a three-home-run performance. The Baseball Bar-B-Cast recap includes Judge's standout display, Juan Soto's clutch home run, the altercation between Tommy Pham and William Contreras, Detroit Tigers sending Spencer Torkelson back to the minors, Baltimore Orioles' injury concerns, and Seattle Mariners' dominant pitching. The episode also covers the disappointing end to Birmingham-Southern Panthers' college baseball season and a discussion on internet critics of play-by-play announcers.

Source: YAHOO

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Novak Djokovic's French Open Journey

Reported 4 months ago

Novak Djokovic rallied to win a second consecutive five-set match at the French Open despite a right knee injury, moving closer to a record-breaking 25th Grand Slam singles title. Uncertain about his quarterfinal match due to the injury, Djokovic praised the crowd's support. He received medication during the match to manage pain but will undergo more screenings. Other notable results included Alex de Minaur upsetting Daniil Medvedev and Aryna Sabalenka reaching the quarterfinals.

Source: YAHOO

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“House of the Dragon”確認第二季將有5隻全新的龍

Reported 4 months ago

《House of the Dragon》總裁製Ryan Condal堅守過去對粉絲承諾:第二季將有五隻新的龍。Condal在HBO系列即將首播前的星期一記者會上表示:“五年半前我就說過了,我想我會堅持。所以將出現五隻你之前沒看過的新龍。”演員Emma D'Arcy也談到騎龍的經驗,稱這個體驗“非常痛苦”,飾演龍騎士皇后Rhaenyra Targaryen的她表示:“就像在現實生活中騎龍一樣,穿著盔甲非常不舒服,我一直在大喊:‘給我更多坐墊!給我更多墊子!’”

Source: YAHOO

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Revisiting Costco's Desserts: 7 Hits Among 10

Reported 4 months ago

A review by Paige Bennett evaluates 10 desserts from Costco's bakery section, with 7 being worth buying again. Standouts include Kirkland Signature cheesecake and vanilla cake with a cheesecake layer, as well as the banana cream pie. The chocolate-covered strawberries, strawberries-and-cream bar cake, and Mini All-American Cakes didn't fare as well in the taste test. Costco's bakery section remains popular, contributing significantly to the company's revenue.

Source: YAHOO

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Company Guilty of Neglecting Beagles for Research, Faces Record $35M Fine

Reported 4 months ago

Envigo RMS, a company that bred beagles for research, pleaded guilty to neglecting thousands of dogs at its breeding facility in Virginia and was ordered to pay a record $35 million fine. The plea deal prohibits the company from breeding or selling dogs in the future. Prosecutors revealed that the company neglected basic care for the animals, leading to injuries, deaths, and environmental violations. Inotiv, the parent company, expressed contrition and vowed to uphold higher standards of animal welfare moving forward.

Source: YAHOO

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Bia Releases 'Sue Meee?' Diss Track Targeting Cardi B

Reported 4 months ago

2024 has seen hip-hop feuds escalate, with Bia swiftly responding to Cardi B’s subs on the 'Wanna Be (Remix)' with her own diss track titled 'Sue Meee?'. Bia's track takes aim at Cardi B, accusing her of various wrongdoings including allegedly cheating on Offset, having ghostwriters, and speaking at a second-grade level. The feud was reignited when Cardi B seemingly took subliminal shots at Bia on a recent remix. The diss track is inspired by Cardi B's threat to take legal action against Bia. Listen to 'Sue Meee?' for more.

Source: YAHOO

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Bank of America's Analysis on Stock Market Rally Post May Jobs Report

Reported 4 months ago

Bank of America has outlined the ideal scenario for stocks to rally after the May jobs report, stating that a report within the 'Goldilocks range' of 125,000-175,000 new jobs added would likely give the Federal Reserve more leeway to cut interest rates sooner, leading to a positive stock market response. Conversely, a report below 125,000 jobs added could signal economic deterioration and lead to a market sell-off, while surpassing 175,000 would indicate stronger-than-expected economic growth.

Source: YAHOO

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NYC 12小時內有15萬份可負擔住房申請

Reported 4 months ago

在12小時內,150,000個家庭提交了申請,希望有機會加入紐約市聯邦計劃的等候名單,該計劃補貼低收入家庭的租金。紐約市目前有大約100,000個家庭使用Section 8計劃,但已達到最大容量,等候名單自2009年以來一直處於鎖定狀態。市府計劃將在6月9日晚上11:59之前接收新的申請,並計劃將20萬個家庭添加到名單上。然後,這些人將有資格參加8月份的Section 8抽獎,每月將選出1,000個家庭參加該計劃。

Source: YAHOO

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Analyzing Tommy Pham’s Unique Intensity in MLB on Baseball Bar-B-Cast Podcast

Reported 4 months ago

Yahoo Sports' MLB analysts discuss the recent altercation between Tommy Pham and William Contreras, highlighting Pham's intensity and competitive nature in baseball. They delve into Pham's strategic approach and the impact of his energy on team dynamics, emphasizing his value as a player known for his unwavering passion and dedication to the game.

Source: YAHOO

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New York Rangers 2023-24 評分報告: 以他們在東部冠軍賽的表現分級藍衫軍隊

Reported 4 months ago

根據 SNYRangers 的 2023-24 評分報告指出,紐約游騎兵在例行賽有出色表現,但最終在佛羅里達豹隊止步,未能結束 30 年的史丹利盃乾旱。報告中對球員的表現進行評分,包括門將、前鋒、後衛和教練,並提及 Igor Shesterkin 的關鍵貢獻、Artemi Panarin 和 Chris Kreider 在季後賽中的表現、以及 Peter Laviolette 的首個教練賽季等。

Source: YAHOO

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Popular weight-loss drugs may reduce desire for sweets

Reported 4 months ago

A new study presented at the Endocrine Society's annual meeting suggests that the weight-loss drugs Ozempic and Wegovy, containing the active ingredient semaglutide, may enhance taste sensitivity and decrease the desire for sweets in obese individuals. Researchers found changes in taste perception, taste bud genes expression, and brain responses to sweet tastes in women who received semaglutide injections compared to a placebo, indicating potential benefits beyond appetite and satiety changes for weight loss. More research is needed to confirm these findings in different settings and populations.

Source: YAHOO

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Sharks传奇Pavelski“可能”在与Oilers的比赛中打完他的最后一场NHL比赛

Reported 4 months ago

Sharks传奇Pavelski”可能“已经在与Oilers的比赛中打完他的最后一场NHL比赛。前圣荷西鲨鱼明星将不会参加斯坦利杯决赛,Edmonton Oilers艾文德·凯恩却晋级,以2-1击败达拉斯星队晋级西部决赛。凯恩似乎在比赛初期受伤,未参加第三节的比赛。然而,他将有近一个星期的时间来康复,因为决赛第一场对阵佛罗里达豹队将于6月8日进行。与此同时,有很多人认为这可能是Pavelski的最后一场NHL比赛。

Source: YAHOO

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Former TD Employee Accused of Opening Fraudulent Accounts in Florida, Bloomberg News Reports

Reported 4 months ago

A former TD Bank employee in Florida, Gerry Aquino Vargas, allegedly falsified documents to open numerous accounts and provided services to assist in moving millions of dollars to Colombia, bypassing anti-money-laundering measures. The bank has taken action against the employees involved, cooperated with the U.S. Department of Justice, and is making changes to enhance compliance. TD Bank is facing a DOJ investigation related to a drug money-laundering case, where an employee was reportedly bribed in the process.

Source: YAHOO

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使用這個病毒性TikTok趨勢是結交媽媽朋友的聰明方法

Reported 4 months ago

在學校接送隊伍等待,陪伴參加戶外教學活動,觀看孩子在足球場上的表現,帶孩子參加生日派對,以及在社區公園閒晃時,媽媽們經常被拋在一起。有時人們可以將這些微小時刻轉化為美麗的友誼,但其他人卻難以將這些客套的對話轉變為真誠的連結。對於想結交其他媽媽朋友的媽媽們,一個新的TikTok趨勢也許能有所幫助。搜索#momfollowparty,你會看到成千上萬的視頻使用這個聲音,原先是由TikToker Anna from Atlanta(@atlmamaknows)製作的。該聲音中Anna要求媽媽們關注她,她會返關注。最後,她給出這些指示:「去留言處,留言你住在哪裡以及有幾個孩子。任何在你留言旁邊加上心符號的人,你去關注他們,他們也會返關注你。」簡單明瞭吧?

Source: YAHOO

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Brianna Chickenfry and Grace O'Malley Confirm They Are Continuing Their Podcast Despite Rumors

Reported 4 months ago

Brianna LaPaglia and Grace O'Malley addressed rumors about ending their podcast 'Plan Bri Uncut,' clarifying that they will continue hosting together. LaPaglia mentioned the possibility of introducing solo content to the show for more meaningful conversations with fans, but emphasized that both hosts are committed to their friendship and podcast. They discussed past misunderstandings but reassured fans that they are moving forward positively, highlighting that friends can navigate challenging times.

Source: YAHOO

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Maersk调高2024年指引,受强劲需求和红海干扰影响

Reported 4 months ago

丹麦运输集团AP穆勒-马士基周一第二次提高全年利润指引,主要受益于强劲的集装箱市场需求和红海危机。马士基现在预计其基本息税折旧及摊销前利润在70亿至90亿美元范围内,大大提升自之前的40亿至60亿美元的预测。公司表示,现在看到进一步的港口拥堵迹象,尤其在亚洲和中东地区,还预计集装箱运价将进一步上涨。随着集装箱运价的上涨和港口拥堵的进一步加剧,马士基称预计将有更强劲的财务表现于2024年下半年。

Source: YAHOO

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Tsitsipas vs. Alcaraz: Clash of Titans at French Open

Reported 4 months ago

Stefanos Tsitsipas and Carlos Alcaraz are set to face off in the French Open quarter-finals, a rematch from last year which Alcaraz won in straight sets. Tsitsipas aims to challenge Alcaraz and ignite his competitive spirit, seeking his first Grand Slam title, while Alcaraz targets his first French Open crown after recent victories. In the women's draw, three Grand Slam winners will compete, including Iga Swiatek and Marketa Vondrousova. Additionally, Britons Alfie Hewett and Gordon Reid start their wheelchair singles campaign at Roland Garros.

Source: YAHOO

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Fentanyl vs Dilaudid: Which Is Better?

Reported 4 months ago

Fentanyl and Dilaudid are strong opioid pain medications used to relieve severe pain, with Fentanyl being more potent and available in various forms like injections, patches, and pills. Illegally-made fentanyl is a major contributor to the opioid epidemic and overdoses. Both medications carry risks of dependence, addiction, and overdose, with specific safety considerations and significant drug interactions. Alternative pain management strategies are available for those who prefer non-opioid options.

Source: YAHOO

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Andrew Left re-short GameStop after being burned in 2021 meme frenzy

Reported 4 months ago

Andrew Left, founder of Citron Research, has taken a new short position against GameStop after previously facing losses in the meme-stock craze of 2021. Left covered his previous short position from May and then re-shorted it, although the size of the current short position has not been disclosed. This move comes as GameStop's stock price surged by 75% in response to investor Keith Gill's new stake in the company, sparking another bout of meme stock trading frenzy on social media platforms like Reddit.

Source: YAHOO

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