Fidelity Investments estimates that a 65-year-old retiring in 2026 will spend an average of $185,500 on health and medical expenses, a 7.5% increase from last year. This figure excludes long-term care, and many pre-retirees mistakenly believe Medicare covers all costs, highlighting a critical need for financial planning.
Actor Jake Johnson discusses starring in "The Dink," a pickleball comedy, despite no prior experience with the sport. He reflects on the film's lighthearted escape from divisive times, his career evolution from "New Girl" to blockbusters, and how fatherhood keeps him grounded.
A British couple, Jane and Alan Kelvey, on a yacht in the Channel reported a Russian warship, Admiral Grigorovich, fired warning shots near them. The couple downplayed the incident, stating it was unnecessary and the Russian account was untrue, emphasizing they were not on a collision course and had right of way.
Bernie Sanders and Elizabeth Warren urged the Labor Department to drop a proposal that would make it easier to offer crypto and other alternative assets in 401(k) plans, arguing it weakens fiduciary standards and could benefit Donald Trump and his family.
A widening pension gap means future retirees will receive a significantly smaller portion of their final salary compared to current retirees. Data from Censis and Confcooperative highlights generational and gender disparities, with women facing lower pay and fewer opportunities.
The 'survivor's penalty' impacting tax filings for surviving spouses may have less financial impact than expected due to various tax breaks and deductions, especially for those with modest savings or assets in Roth accounts.
Investment scams targeting Hong Kong's elderly rose 17% in Q1 2026 despite an overall decline in cases, with police warning that better-educated retirees with more investment experience are increasingly vulnerable. Elderly victims' losses contributed to an 18.6% rise in total scam losses to HK$1.85 billion, even as case numbers fell 0.6%. The 1,264 victims over 60 suffered HK$530 million in losses, a 79% year-on-year increase.
Nearly half of Americans who retired in 2025 did so earlier than anticipated, with 76% of early retirements driven by unforeseen circumstances like health issues, layoffs or caregiving responsibilities, according to the Employee Benefit Research Institute. The survey found 40-50% of retirees consistently exit the workforce earlier than planned since the late 1990s, highlighting the importance of backup retirement plans.
A new bill in Congress calls for eliminating the retirement earnings test, which reduces Social Security for some workers who are younger than retirement age.
The Department of Expenditure has announced that NPS pensioners and family pensioners will now receive their Fixed Medical Allowance (FMA) through automatic quarterly bank transfers, removing the requirement for manual claim submissions.
India's NPS eased its mandatory annuitisation requirement to 20% last year, giving retirees more flexibility. Financial experts advise using annuities to cover essential expenses while allocating remaining corpus to Systematic Withdrawal Plans (SWPs) for tax efficiency and growth, as annuity payouts are fully taxable while SWPs only tax gains.
