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KSAT12 News at 6:30

Local news from around South Texas from KSAT12

LIVE

KSAT12 News at 6:30

RETIREMENT


The 10 states where $1 million in retirement savings will run out the fastest—Hawaii is No. 1

If your goal is to retire on $1 million, that amount may not be enough to cover your retirement living expenses in some states per GoBankingRates' analysis.

cnbc.com

Some financial tips as you think about retirement plans

Uncertainty in the markets shouldn’t force you into quick decisions about what to do with your money.

Uvalde CISD assistant superintendent is 4th in central office to retire after Robb Elementary massacre

Assistant superintendent of human resources Beth Reavis is retiring.

Uvalde CISD board names interim superintendent

Uvalde CISD board members met Wednesday behind closed doors for more than two hours to decide on an interim superintendent after accepting Superintendent Hal Harrell’s retirement announcement last week.

Retirees and inflation: don’t risk your financial future

You’ve worked your whole life to enjoy the rest of your life and now sky high inflation and a moody market is putting your golden years at risk.

A quarter of Americans are expecting to delay their retirement due to rising consumer costs, according to a new study

High inflation is disrupting many Americans' plans to retire

cnbc.com

Uvalde CISD superintendent supporters show up in droves at school board meeting over retirement

As the Uvalde CISD school board met to accept superintendent Hal Harrell's retirement, families of Robb victim's felt heartbroken their community never showed this kind of support for them.

Inflation impacts retirees, tips on finances and investments

Although inflation may be slowing down somewhat, the cost of living is still increasing at a much higher rate than in recent years, making it especially hard on people in retirement or nearing retirement. Here are some tips for what retirees can do to help deal with inflation.

Today in History for July 9th

Highlights of this day in history: William Jennings Bryan gives his 'Cross of Gold' speech; Britain's Princess Elizabeth engaged; Boxer Mike Tyson punished for biting Evander Holyfield's ear; Actor Tom Hanks born; Actor Rod Steiger dies. (July 9)

news.yahoo.com

How to be a good money manager in retirement

If you reach retirement with a significant amount of assets, you’ve done a great job of saving and investing. But now comes another challenge – making that money last.You might think that this task, as important as it is, won’t be as hard as accumulating the money in the first place. Yet, a sizable number of people have reached a different conclusion.

boernestar.com

Here's how much money you'll have at retirement if you start saving $500 a month in your 20s, 30s, or 40s

CNBC Make It used a compound interest calculator to demonstrate how much you'd have at age 67 if you put away $500 a month beginning at various ages.

cnbc.com

Longtime Michigan GOP Rep. Fred Upton announces his retirement

Upton is the fourth House Republican who voted to impeach former President Donald Trump to announce his retirement.

npr.org

Most common retirement mistakes

On average, about 10,000 baby boomers turn 65 each day. People born in this generation are now either in retirement or close to it. But if you’re nearing retirement age, there are some common mistakes that can ruin your whole plan.

Here are some retirement pitfalls people make because of misconceptions

A lot of people are making major mistakes when it comes to their retirement because of myths and misconceptions.

What a ride! Viral video shows seniors getting a kick out of indoor tubing at this retirement community

Without much snow, the employees improvised, and a viral video was born.

BlackBerry’s classic smartphone stops working Tuesday

The company cuts off support for the once-beloved cellphone and status symbol, a casualty of the rise of the touch screen.

washingtonpost.com

Virginia vineyard, winery and house for sale for $6 million

HOUSE OF THE WEEK | The Rappahannock County property has produced gold-medal wines.

washingtonpost.com

What’s your retirement IQ?

Are you ready to retire? How much do you need saved? When should you take your social security?

Here's how much money Americans in their 40s have in their 401(k) accounts

The earlier you start saving for retirement, the better. To help you know if you're on track, retirement-plan provider Fidelity set benchmarks for how much you should have saved at every age. By 40, Fidelity recommends having three times your salary put away. If you earn $50,000 a year, you should aim to have $150,000 in retirement savings by the time you are 40. If your annual salary is $100,000 a year, you should aim to have $300,000 saved.

cnbc.com

Tom Brady, through the years: In pictures

Tampa Bay Buccaneers quarterback Tom Brady will officially retire, he announced Tuesday on Instagram.

After 47 years KSAT legend Paul Venema announces retirement in 2021

SAN ANTONIO – From the courtroom to Willie Nelson’s tour bus, for almost five decades Paul Venema has been capturing KSAT viewers with his stories. “I fell in love with the legal system and that’s what I enjoy most,” Venema said. Willie Nelson and KSAT Reporter Paul VenemaWhile viewers will miss seeing him on-air, his KSAT colleagues will miss him, too. KSAT viewers have witnessed his professionalism and journalistic excellence, but I also appreciate his friendship. Paul Venema, Isis Romero and Steve Spriester (KSAT)“In a world where it’s all about relationships, Paul has been able to develop great relationships inside the station and across the community.

Here's what to do with your 401(k) if you lose your job

Retirement might be the last thing you are thinking about if you lose your job. But if you have a 401(k), there are a few decisions you can make to protect your future. Being proactive is the most important thing you can do with your 401(k) when you change employers, according to financial expert and radio host Chris Hogan. Check out this video to learn the moves Hogan recommends everyone should make with their retirement accounts if they are unemployed. More from Invest in You:'Predictably Irrational' author says this is what investors should be doing during the pandemicCoronavirus forced this couple into a 27-day quarantine amid their honeymoon cruiseHow to prepare for a family member with Covid-19Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

cnbc.com

How much you need to save every month to earn $50,000 a year in interest for retirement

Retirement usually involves giving up your annual salary, but you will still need an income to survive. While Social Security will cover a part of your budget, the rest of your money will most likely need to come from your savings and investments. If you want bigger drawdowns, you'll need to save up a much larger nest egg before you retire. NerdWallet crunched the numbers, and we can tell you how much you need to save now to get $50,000 every year in retirement, without taking a bite out of your principal. We do not factor in inflation, taxes or any additional income you may get from Social Security.

cnbc.com

Here's what your monthly budget will look like if you retire with $2 million

Having a six-figure budget in retirement requires a large nest egg. You will need to save at least $2 million if you want to spend $100,000 per year in retirement, according to experts. You should aim to spend around 4% of your nest egg per year in retirement, according to financial advisor Winnie Sun. Check out this video to see a few different case studies of how much spending money you'll have if you retire on $2 million. CHECK OUT: Why January is a particularly great time to invest your money via Grow with Acorns+CNBC.

cnbc.com

Tigers manager Gardenhire announces immediate retirement

A Comerica Park videoboard displays a thank you message to Detroit Tigers manager Ron Gardenhire, who announced his retirement prior to a baseball game against the Cleveland Indians, Saturday, Sept. 19, 2020, in Detroit. This year was taking more of a toll on the 62-year-old Detroit Tigers manager than he'd necessarily let on. General manager Al Avila said he made a routine visit to Gardenhire’s office Saturday, when the manager told him about the decision. “On behalf of all of us with the Detroit Tigers, congratulations to Ron Gardenhire on a tremendous managerial career,” Tigers CEO Christopher Ilitch said in a statement. “Always, you'll miss baseball,” Gardenhire said.

How you can live large after your retirement

Nearly 4.5 million retired homeowners paid a mortgage in 2014. In one decade, the median mortgage debt for older homeowners jumped 82 percent to $79,000. In this "Eye on Money" series, CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss what you need to know about mortgage debt, buying and renting homes and common mistakes to avoid before your retirement.

cbsnews.com

How to save and prepare for retirement

Are you saving enough for retirement? According to Voya financial, nearly 50 percent of American workers have saved less than $49,000. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss retirement and saving tips.

cbsnews.com

4 steps to a secure retirement

4 steps to a secure retirement If you're in your 60s, retirement may be right around the corner. What are the most important things you need to do right now to prepare? CBS New financial analyst Mellody Hobson has the answer.

cbsnews.com
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