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☆ More than half of non-retired US adults expect to rely on Social Security in retirement
▼ + stars: | 2024-11-21 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

CNN —Social Security is by far one of the most popular government programs in the United States because it is critical for so many retirees’ financial security. More than half of non-retired US adults (53%) overall said they expect they will need to use Social Security to pay for necessary expenses, according to a new survey from Bankrate. Social Security benefits only replace a portion of Americans’ pre-retirement income. Indeed, only 31% of the non-retired adults surveyed said they are not planning to rely on Social Security benefits in retirement, with just 14% saying they will “not (be) at all” reliant on them. Their “normal retirement age” is 67 for the purposes of collecting Social Security benefits.

Persons: That’s, one’s, ’, they’ll, ”, Mark Hamrick, Bankrate —, —, Trump, they’ve, haven’t Organizations: CNN, Social, Security, —, Social Security, Bankrate, Social Security Administration Locations: United States

☆ 4 University of Rochester students arrested over 'wanted' posters targeting Jewish staff
▼ + stars: | 2024-11-20 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Four students were arrested on felony charges after buildings at the University of Rochester in New York were defaced with "wanted" posters targeting several Jewish faculty members, officials said. The four students were charged with felony criminal mischief and a fifth is being investigated, Quchee Collins, the university public safety chief, said in a news release Tuesday. "The posters identifying faculty, staff, and board members have instilled credible fear among those depicted, their families, and other members of our Jewish community," Mangelsdorf said in a message to the community. The university Department of Public Safety was made aware of the posters last week and immediately began removing them. The posters named certain university staff members and professors for alleged war crimes related to the conflict in Gaza, NBC affiliate WHEC of Rochester reported.

Persons: Quchee Collins, Collins, Sarah Mangelsdorf, Mangelsdorf, ” Organizations: University of Rochester, University, Trustees, Department of Public, NBC Locations: New York, Gaza, Rochester

☆ Meet the OpenAI mafia: These 23 former employees left the AI juggernaut and founded startups that have collectively raised billions
▼ + stars: | 2024-11-16 | by ( Samantha Stokes | Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Dario Amodei, Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, and Sam McCandlish, cofounders of AnthropicAnthropic's Dario Amodei, Jack Clark, and Daniela Amodei. Since then, the company has received billions in funding from both Google and Amazon in what some have termed an "AI arms race." CEO Dario Amodei, a former Google Brain researcher with a Ph.D. in computational neuroscience, has been writing about the cataclysmic potential of AI since 2016. Constitutional AI is partly the brainchild of two other OpenAI alums and Anthropic cofounders, Tom Brown and Jared Kaplan. Both Kaplan and Brown have worked on Anthropic's efforts to "red team" the company's flagship language model, Claude, probing for misuse possibilities.

Persons: Dario Amodei, Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, Sam McCandlish, Anthropic Anthropic's Dario Amodei, Menlo Ventures Anthropic, Amodei's, Anthropic, —, Anthropic cofounders, Brown, Kaplan, Johns Hopkins, Claude, AGI, I'm Organizations: Google, Menlo Ventures, Bloomberg, Johns, OpenAI Locations: OpenAI, GPT

☆ British Museum receives donation of Chinese ceramics worth $1.27 billion
▼ + stars: | 2024-11-14 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

London Reuters —The British Museum said on Wednesday it would receive 1,700 pieces of world-renowned Chinese ceramics worth around 1 billion pounds ($1.27 billion), in the largest donation in its nearly 300-year history. The collection, which has been on loan to the British Museum since 2009, has been donated by the Percival David Foundation. The Trustees of the British Museum“This is the largest bequest to the British Museum in our long history,” said George Osborne, chair of the British Museum. “It’s a real vote of confidence in our future.”Thanks to the donation, the British Museum said it would hold one of the most important collections of Chinese ceramics of any public institution outside the Chinese-speaking world, numbering 10,000 objects. Porcelain was first produced in China around AD 600, and it is by far the most advanced in the world.

Persons: Percival David, ”, George Osborne, “, Chris Bryant Organizations: London Reuters —, British, British Museum, Percival, Percival David Foundation, British Museum British, Shanghai Museum, Metropolitan Museum Locations: British, China, New York

A long-shuttered administration building at the struggling Knoxville College, a historically Black institution, was destroyed in a fire Monday night, officials said. Firefighters spray water on a building fire on the Knoxville College campus, in Knoxville, Tenn., on Monday. Knoxville College is a small historically Black college and university, or HCBU, founded in 1875. Frank Shanklin, Jr., a member of Knoxville College's board of trustees, told WBIR that the former administration building has not been used in the last 40 or 50 years. "We're going to keep fighting for Knoxville College," Shanklin said, adding that he hopes the city, county and people in the region keep it in their prayers.

Persons: Mark Wilbanks, ” Wilbanks, Knoxville Mayor Indya Kincannon, Kincannon, Frank Shanklin, WBIR, Shanklin Organizations: Knoxville College, Knoxville Fire Department, NBC, Firefighters, Knoxville College campus, Knoxville News Sentinel, Knoxville Mayor Locations: Tennessee, Knoxville, Tenn, Jr

☆ California's attorney general is investigating a school district over its handling of Rosemead High sex abuse claims
▼ + stars: | 2024-10-28 | by ( Matt Drange | ) www.businessinsider.com time to read: +9 min

The California attorney general is investigating the El Monte Union High School District in Southern California. The action follows Business Insider's reporting on a pattern of sexual misconduct at one district school, Rosemead High. Investigators are looking at compliance failures related to "suspected child abuse, sexual abuse, assault." AdvertisementThe California attorney general is investigating a Southern California school district over whether it properly handled claims of educator sexual abuse and misconduct, records reviewed by Business Insider show. Investigating a local school district is a rare step for the top law enforcement office in the state.

Persons: —, Kamala Harris, Rob Bonta, Robin Torres, Torres, Edward Zuniga, Mark Abramson, Zuniga, Michael Carrillo, Carrillo, Edwin Reyes, Villegas, Jane Doe, Reyes, Stewart, Jenny Louro, Credentialing, Reyes Villegas, Herbert Ortiznmonroy, Ortizmonroy, Coach Ortiz, Jane, Alex Rai, Rai, Dominique Boubion, Matt Drange Organizations: El Monte Union High School District, Service, Business, BI, Redlands Unified, Redlands, El, Children's, Rosemead, US Department of Education, Manly, California Bureau Locations: California, Southern California, Redlands, El Monte Union, El Monte, Rosemead, El Monte district

☆ A battle over the future of US retirement is playing out in Pennsylvania as the election looms
▼ + stars: | 2024-10-26 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +12 min

Similar to Maureen, she's concerned about financial security for older Americans — but she will be supporting Vice President Kamala Harris. "He says that he's going to keep Social Security, but you never know with him," Klein told BI of Trump. CRP research suggests that's due to fewer older adults working traditional jobs and instead pursuing entrepreneurship to supplement their retirement incomes. AdvertisementJR Reed and Krista Geer, both in charge of county-wide aging agencies, have met with older adults in Pennsylvania to hear their top worries. Critics say it isn't tied to a measure that accurately reflects the spending of older Americans.

Persons: Harris, Trump, —, Maureen, Donald Trump, he'll, she's, Heck, Federal Reserve —, Marjorie Klein, Kamala Harris, Klein, Bill Johnston, Walsh, Benjamin Glasner, haven't, Glasner, Mike Crossey, Crossey, Richard Fiesta, Fiesta, Kyle Kopko, Kopko, Bill Candelori, It's, Candelori, Josh Shapiro —, Democrat —, Jason Kavulich, it's, I've, JR Reed, Krista Geer, Geer, Reed, Brian Hughes, JD Vance, Kavulich Organizations: Pennsylvania, BI, Social Security, Service, Republicans, Biden, Trump, Federal Reserve, AARP, Cambria —, Economic Innovation Group, Security, Alliance, Retired, Center for, Democrat, Pennsylvania's, JR Locations: Pennsylvania, Philadelphia, AARP Pennsylvania, — Fayette, Cambria, Pittsburgh, Center for Rural Pennsylvania

☆ What could happen to Social Security benefits in 2033 if the program's trust fund isn't fixed
▼ + stars: | 2024-10-22 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

Social Security may not be able to pay full retirement benefits as soon as 2033, based on current projections from the program's trustees. If Congress doesn't move to fix the situation by that date, the general expectation is that millions of retirees could see a 21% across-the-board benefit cut. The effects of that lost income could be enough to prompt a retirement crisis, since it would double the elderly poverty rate and reduce median senior household income by nearly 14%, according to new research from the American Enterprise Institute. Yet those broad benefit cuts would not necessarily have to happen, as the worst effects of insolvency could be prevented by executive action, according to the report. "It means big cuts on very rich people, but it avoids what you might think of as a retirement crisis, where everything is thrown into upheaval," Biggs said.

Persons: Andrew Biggs, Kristin Shapiro, " Biggs Organizations: American Enterprise Institute, Finance, Social Security Administration, Social Security, AEI Locations: BakerHostetler

☆ A Trump presidency would drain Social Security's finances faster, budget group warns
▼ + stars: | 2024-10-21 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Trump's proposals would dramatically worsen Social Security's finances, a nonpartisan budget group is warning. The group predicts Trump's agenda would push up Social Security insolvency by 3 years. Harris' proposals would have little impact on Social Security's insolvency timeline, the group says. AdvertisementThe Social Security and Medicare Boards of Trustees estimated that the fund would run out a year later, in 2035. President Trump delivered on his promise to protect Social Security in his first term, and President Trump will continue to strongly protect Social Security in his second term," Leavitt said in the statement.

Persons: Harris, —, Trump, Trump's, wouldn't, nominee's, that's, Karoline Leavitt, Leavitt, Kamala Harris, CRFB's, Marc Goldwein, Xers, they're Organizations: Social, Service, Federal, Social Security, Congressional, Office, Security, Trump, Republican, Business, Democratic, Washington Post

"We find President Trump's campaign proposals would dramatically worsen Social Security's finances," the CRFB budget group said in a blog post. Social Security trust funds are set to be exhausted by Fiscal Year 2034, according to the Congressional Budget Office. "If you cut income taxes and cut payroll taxes, then you're going to have an impact on Social Security," Freese said. "I don't believe the Trump campaign is looking to undermine Social Security," said Andrew Biggs, senior fellow at the American Enterprise Institute and former principal deputy commissioner of the Social Security Administration. "And likewise, Social Security is so big, any changes to Social Security will affect other things."

Persons: Trump's, Trump, Karoline Leavitt, Leavitt, Kamala Harris, Maria Freese, Freese, Harris, Andrew Biggs, Biggs Organizations: Republican, CNBC, Social Security, Democratic, Social, Congressional, Trump, National Committee, Preserve Social Security, Medicare, American Enterprise Institute, Social Security Administration, Security Locations: Monday's

☆ Social Security's retirement trust fund may run out in nine years. Here's how the next U.S. president may address that
▼ + stars: | 2024-10-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +7 min

As more retirees start to claim Social Security, there are not enough workers contributing to the program to make up for that increase in benefit payments. But the trust fund Social Security relies on to pay retirement benefits is projected to be depleted in 2033. watch nowBoth presidential candidates — former president Trump and Vice President Harris — have vowed to protect Social Security benefits. "Seniors should not pay tax on Social Security," Trump wrote on July 31 in all capital letters on social media platform Truth Social. Ending taxes on Social Security benefits would move the insolvency date of Social Security's trust fund closer by over one year, according to the Committee for a Responsible Federal Budget.

Persons: Donald Trump, Kamala Harris, Allison Joyce, —, Donald Trump —, Trump, Harris —, Jason Fichtner, Mike Blake, Howard Gleckman, Gleckman, Harris, Kevin Lamarque, Joe Biden, Biden, Governor Walz, Mia Ehrenberg Organizations: Art House Theatre, Bloomberg, Getty, Social Security Administration, Democratic, Republican, Social, Social Security, CNBC, Center, Alliance, Lifetime, Income, Trump, Reuters, ABC, Finance, Urban, Brookings Tax, Brookings, U.S, Union, Employers, Center for Economic, Research, Washington Democrats Locations: Fayetteville , North Carolina, Coachella , California, U.S, Detroit , Michigan

Two former Indiana University basketball players have sued their alma mater alleging their team doctor repeatedly sexually assaulted them and their teammates and the school did nothing to stop him. Delaney names the Trustees of Indiana University as defendants in the lawsuit, alleging Title IX violations by the school for failing to protect the students. Delaney said she alerted Indiana University in a letter last month that a former basketball player had come forward with allegations of abuse at the hands of Bomba. “When Mujezinovic’s teammates saw that he was assigned to Dr. Bomba, Sr., they warned Mujezinovic to prepare for ‘the finger’,” the suit says. “When Mujezinovic declined, Dr. Bomba, Sr. informed Mujezinovic they could ‘skip’ the rectal examination for that year,” the lawsuit says.

Persons: Haris Mujezinovic, Charlie Miller, Bob Knight, Bradford Bomba, Knight, “ Dr, Bomba, “, Mujezinovic, Miller, ” Mujezinovic, ” Miller, ”, Kathleen Delaney, Delaney, IU’s, Mark Bode, Dr, Richard Strauss, Strauss, Bradford Bomba Jr, Bomba’s, Bomba “, Sr Organizations: Indiana University, Hoosiers, Court, Hoosier, Indiana, IX, IU, Jones, Ohio State University, American Cancer Society, physicals Locations: U.S, Southern Indiana, Europe

☆ A Professor Made Porn. His Firing May Shape the Future of Free Speech
▼ + stars: | 2024-10-13 | by ( Hallie Lieberman | ) www.businessinsider.com time to read: +13 min

Can a tenured professor be fired for making porn? "We don't want to be known as Porn U," said Betsy Morgan, who replaced Gow as interim chancellor. Leitner presented Gow's videos as part of his broader advocacy of nonmonogamy. The regents, Gow said, "are willing to fire me for the short-term goodwill they get with the far right." He puts Gow's online porn in the same category as "posting inflammatory personal, political opinions on social media."

Persons: Joe Gow, Carmen Wilson, —, Gow, Wilson, It's, Zach Greenberg, Betsy Morgan, Morgan, Tom Ginsburg, He's, Gow's, Wade Harrison, Roe, Donald Downs, Simone Lueck, undergrads, Harrison, Jay Hart —, Tom, Jerry Bui, Bui, unswayed, Mark Leitner, Leitner, Banner, Keith Whittington Harrison, Dr, Aweek, he's, Keith Whittington, they've, McCarthy Organizations: University of Wisconsin, UW, La, Foundation, Rights, Forum, Free, University of Chicago, Diego, Republican, Academia, Yale, Freedom Alliance, University Locations: La Crosse, Mississippi, America, Wisconsin, Onalaska, San Diego, foreplay, Madison, Milwaukee, Yale

In 2025, millions of retired Americans will see a 2.5% cost-of-living adjustment for benefit payments, according to the Social Security Administration. The Social Security Administration on Oct. 10 unveiled a higher threshold for earnings subject to Social Security payroll taxes, known as the “taxable maximum” or “wage base.”The limit shifts annually based on the national average wage index. How the Social Security tax calculation worksThe Social Security payroll tax rate is 12.4%, with workers paying 6.2% through paycheck deductions. Concerns over Social Security solvencyThe latest Social Security adjustments come amid growing concerns about the program’s solvency. In the meantime, some advocates have pushed to increase the Social Security wage base to provide more funding.

Persons: Sean Lovison, “, Lovison, ’, Alicia Munnell Organizations: Social Security Administration, Social, Social Security, Medicare, Security, Center for Retirement Research, Boston College Locations: Philadelphia

☆ Lisa Marie Presley felt like her mom Priscilla Presley 'didn't want me,' according to memoir
▼ + stars: | 2024-10-10 | by ( Olivia Singh | ) www.businessinsider.com time to read: +6 min

Lisa Marie Presley wrote in her posthumous memoir that she felt unwanted by her mom, Priscilla Presley. AdvertisementLisa Marie Presley wrote in a new posthumous memoir about feeling unwanted by her mom, Priscilla Presley. Lisa Marie Presley, Priscilla Presley, and Riley Keough in 2022. Priscilla Presley and Lisa Marie Presley in September 2013. AdvertisementPriscilla Presley, Lisa Marie Presley, and Riley Keough in May 2015.

Persons: Lisa Marie Presley, Priscilla Presley, Lisa Marie, Priscilla, didn't, Elvis Presley, —, Riley Keough, wouldn't, Elvis, Jon Kopaloff, Lisa, Lisa Marie said, Rick Diamond, Keough, Lisa Marie weren't, Lisa Marie's, Michael Lockwood, Riley, Eric Charbonneau, Harper, Finley Lockwood, Barry Siegel, Benjamin Keough, Daisy Jones, Oprah Winfrey's Organizations: Service, Americana Music, Getty, Warner Bros Locations: Graceland

☆ Broadway star Gavin Creel, known for performances in 'Hello, Dolly!' and 'Hair,' dies at 48
▼ + stars: | 2024-09-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kahlan-Rosenblatt.Jpg | Kalhan Rosenblatt | ) www.nbcnews.com time to read: +4 min

Create your free profile or log in to save this articleCreate your free profile or log in to save this articleTony Award-winning Broadway star Gavin Creel died Monday, months after being diagnosed with an aggressive, rare cancer. He made his Broadway debut as Jimmy Smith in “Thoroughly Modern Millie” in 2002, a role that earned him his first Tony nomination. Gavin Creel and the cast of "Hair" perform at the Tony Awards in New York City on June 7, 2009. Gavin Creel during the curtain call for the "Thoroughly Modern Millie" reunion concert in New York City on Feb. 18, 2018. His "extraordinary talent, kindness, and passion lit up the stage and our hearts," the show wrote in its X post, sharing the star's acceptance speech.

Persons: Tony, Gavin Creel, Creel, New York City’s, Jimmy Smith, “, Millie ”, Cornelius Hackl, Stephen Sondheim’s “, Elder Price, ”, Bette Midler, Kristin Chenoweth, “ Hamilton, Lin, Manuel Miranda —, Andrew H, Walker, ” Miranda, alums Josh Gad, Andrew Rannells, ” Gad, ” Rannells, I’m, Gavin, ” Sutton Foster, ” Tom Viola, Walter McBride, ” Viola Organizations: Broadway, New York, New York City’s Memorial Sloan Kettering Cancer Center, NBC News, Burger, Equity, Shubert Organization, SAG Locations: New, New York City, “, United States

☆ How rich Americans use life insurance to save on taxes and protect their kids' inheritance with this neat trick
▼ + stars: | 2024-09-22 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

But there is an alternative to a fire sale: They can use life insurance to foot the bill with a neat trick. Instead of owning a life insurance policy directly, they take out a policy and put it inside a trust. The irrevocable life insurance trust (ILIT) collects the death benefit, pays the tax bill, and distributes whatever is left according to the insured individual's wishes. For an ultra-rich taxpayer with a $10 million life insurance policy, using an ILIT could save $4 million in taxes. Make sure you're getting a life insurance policy that makes financial sense.

Persons: —, Sam, Robert Strauss, Weinstock Manion, Dan Griffith, Griffith, Strauss, it's, ILITs, Kate Maier Organizations: Service, Business, Huntington Bank, IRS

☆ Warren Buffett's death plan dodges taxes and will make his kids 'philanthropic titans,' says wealth inequality guru
▼ + stars: | 2024-09-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. On the positive side, he's not creating private wealth dynasties. But his children will become philanthropic titans by wielding taxpayer-subsidized private power through enormous charitable foundations upon his death. A progressive annual wealth tax, with rates becoming steeper as wealth goes above $1 billion. A cap on the charitable deduction so that wealthy people, like Buffett, don't get to opt out entirely of paying taxes.

Persons: —, Warren Buffett, Berkshire Hathaway, he's, Chuck Collins, Buffett, Collins, Bill Gates, don't Organizations: Service, Business, Institute for Policy Studies, Berkshire Locations: Berkshire

Combs on Tuesday pleaded not guilty to each count: racketeering conspiracy, sex trafficking and transportation to engage in prostitution. The lawsuit accuses Combs and other defendants of sex trafficking, human trafficking, sexual assault, gender-motivated violence, sexual harassment, gender discrimination and a hostile work environment. Diddy is not accused of sexual assault in the lawsuit but is included in allegations of liability and aiding and abetting. Lampros accuses Combs of four instances of sexual assault from the mid-1990s to the early-2000s. July 3: Adria English, a former adult film actress, accuses Combs of sex trafficking and sexual assault in a federal lawsuit filed in New York.

Persons: CNN —, Sean “ Diddy ” Combs, Combs, Combs ’, Diddy, Casandra, Cassie ” Ventura, Ben Brafman, Mr, “, ”, Ventura, ” Combs, Brafman, Joi Dickerson, Neal, Liza Gardner, Aaron Hall, Guy, Gardner, Instagram, Jane Doe, ” Douglas, Wigdor, Rodney “, Rod ” Jones, Jones, Shawn Holley, Sean, Aaron Dyer, Christian Combs, Grace O’Marcaigh, Dyer, ” Sean Combs, Cassie Ventura, Ventura –, I’m, Meredith Firetog, Cassie, ‘, ’, Firetog, Crystal McKinney, drugging, Lampros, Eric Adams, Adams, Howard, Sean Combs, ” Jonathan Davis, Singer Dawn Richard, Danity Kane, Combs “, ” Ventura, Erica Wolff, Richard, Christine Cornell, Prosecutors, CNN’s Nicki Brown, John Miller, Eric Levenson, Alli Rosenbloom, Kristina Sgueglia, Lisa Respers France, Sandra Gonzalez Organizations: CNN, Prosecutors, Howard University, Ventura, New York Supreme, Syracuse University, Diddy, of, Homeland Security, InterContinental, MTV, New York’s Fashion Institute of Technology, Howard University’s, Sean Combs Foundation, Adria Locations: Los Angeles, Miami, New York City, Here’s, New York, Southern, of New, Century City, Ventura

☆ Pink, peacock-populated, possibly possessed Pakistani palace
▼ + stars: | 2024-09-17 | by ( Associated Press | ) edition.cnn.com time to read: +5 min

AP —Stained glass windows, a sweeping staircase and embellished interiors make Mohatta Palace a gem in Karachi, a Pakistani megacity of 20 million people. The palace sits on prime real estate in the desirable neighborhood of Old Clifton, among mansions, businesses and upmarket restaurants. The land under buildings like the Mohatta Palace is widely coveted, said palace lawyer Faisal Siddiqi. Mohatta Palace is a symbol of that diversity. “I’m from Bahawalpur (in Punjab, India) where we have the Noor Mahal palace, so I wanted to look at this one.

Persons: there’s, Faisal Siddiqi, Heba Hashmi, Shivratan Mohatta, Fatima Jinnah, Pakistan’s, Shirin, Nasreen Askari, ”, “, don’t, Ahmed Tariq, “ I’m, It’s, Askari, ” Hashmi Organizations: Foreign Ministry Locations: Karachi, Pakistani, Rajasthan, Old Clifton, Lahore, Mughal, ”, Mohatta, Jodhpur, India, Pakistan, Bahawalpur, Punjab, It’s

☆ Special needs trusts bring peace of mind to aging parents
▼ + stars: | 2024-09-13 | by ( Hannah Frances Johansson | ) edition.cnn.com time to read: +17 min

Because of her disability, Rachel doesn’t work. The SNT is in place to pay for unmet needs and enhance his quality of life after his parents die. Unlike SNTs, ABLE accounts can be owned and accessed directly by the person with the disability. However, like first-party SNTs, ABLE accounts may be subject to Medicaid payback after the individual with a disability dies. Like her mother, Rachel Tung has a love for San Francisco, its arts and its culture.

Persons: Linda Tung, Rachel, Tung, Tung’s, Rachel doesn’t, we’re, ” Tung, “, David Goldfarb, ” Goldfarb, they’re, ”, Stephen Dale, Amin Muhammad Amy Tessler, Scott, ” Tessler, Tessler, ” Dale, You’re, Goldfarb, ” Hall, Dale, Sabrina Padillo, —, Padillo, she’s, ” Padillo, fiduciaries, “ We’re, Tesslers, Scott ., SNTs, “ I’ve, Alisa Ferguson, Virginia’s, haven’t, ” Ferguson, Rachel’s, Rachel Tung, “ She’s, Amin Muhammad Mother, “ I’m, ” Rachel, … Everything’s, Hannah Frances Johansson, Amin Muhammad Organizations: Berkeley , California CNN, Population, Mercy, Hall Law Firm, Lawyers, Dale Law, Children, Housing, The Dale Law Firm, Services, San, Rehabilitation Care, Golden State, Trust, Alliance, Legion, de, Academy of Sciences, University of California, Graduate School of Journalism Locations: Berkeley , California, San, Golden, “, San Francisco, Dale, Pacheco , California, Sunflower, California’s East Bay, Oakland, Sunflower Hill, San Diego, Thailand, Berkeley, Santa Cruz, de Young, Castro

Social Security recipients can expect next year's annual cost-of-living adjustment (COLA) to be the lowest since 2021, following cooler inflation readings in July and August. The Social Security Administration is expected to announce the official cost-of-living adjustment for 2025 on Oct. 10. Much of the political debate about Social Security remains focused on reforming — and ultimately paring back — the entire program. But earlier this year, Democratic Sen. Bob Casey of Pennsylvania introduced the Boosting Benefits and COLAs for Seniors Act, designed to increase Social Security benefits at a rate "that actually reflects the costs seniors face." "The Boosting Benefits and COLAs for Seniors Act would help seniors contend with rising costs and ensure that Social Security remains a lifeline for all who need it.”

Persons: ” Mary Johnson, Johnson, Democratic Sen, Bob Casey of, ” Casey, ” Organizations: of Labor Statistics, Social, Senior Citizens League, Social Security, Medicare, Trustees, Social Security Administration, League, Democratic, Seniors, Bureau of Labor Statistics, , Social Security, Security Locations: Bob Casey of Pennsylvania, Pennsylvania

☆ Waffle House CEO Walt Ehmer dies at 58
▼ + stars: | 2024-09-09 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

ATLANTA — Walt Ehmer, the president and CEO of Waffle House and a member of the board of trustees for the Atlanta Police Foundation, has died at age 58, the foundation announced Sunday. Steve Helber / AP“His leadership, dedication and warmth touched the lives of many, both within the Waffle House family and beyond. The board of directors for Waffle House issued a statement Sunday afternoon saying Ehmer died after a long illness. Ehmer was chair of the Georgia Tech Alumni Association Board of Trustees from 2012 to 2013 and served numerous organizations, including the Georgia Tech Foundation Board and the Georgia Tech Advisory Board. The Waffle House chain of around-the-clock diners opened in 1955 and now boasts more than 1,900 locations in 25 states.

Persons: Walt Ehmer, Ehmer, Hurricane Florence, Steve Helber, ”, Andre Dickens, “ Organizations: ATLANTA, Waffle, Atlanta Police Foundation, Waffle House, Georgia Tech University, Georgia Tech Alumni Association, Georgia Tech Foundation Board, Georgia Tech Advisory Board, The Atlanta Locations: Wilmington, N.C, Hurricane, Ehmer

☆ Trump wants to cut Social Security taxes for seniors. It's not as good as it sounds.
▼ + stars: | 2024-08-08 | by ( Allie Kelly | Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Read previewFormer President Donald Trump said that if he's elected, he'd cut taxes on Social Security benefits for older Americans — but the policy risks shrinking those funds sooner than expected. "People on Social Security are being killed, and one of the things I'm doing is no tax for seniors on Social Security, and I'll get it done quickly." Trump had previously pitched his plan to eliminate taxes on Social Security, writing on his social-media platform Truth Social on July 31: "SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!" Trump has vowed not to cut Social SecurityTrump has previously taken a strong position on Social Security — one at odds with many members of his own party who have faced criticism from Democrats for calling for Social Security cuts. For example, Trump said in January 2023 that "under no circumstances should Republicans vote to cut a single penny from Medicare or Social Security."

Persons: —, Donald Trump, Trump, Garrett Watson, Trump's, we'll, Social Security Trump, Biden, Kamala Harris Organizations: Service, Social Security, Fox &, Republican, Business, Social, The Tax, Security, Republican National Committee, Democratic, Medicare, Affordable Locations: Illinois

While most of TIAA’s clients are current or retired workers at nonprofit organizations, TIAA also offers individual retirement accounts to investors online. They didn’t own enough in-house TIAA products, according to the complaint and a recording of Parkin’s presentation. But in two asset classes, the tool’s recommendations are limited to TIAA products, according to the complaint and internal documents. Morningstar selects asset classes and investments for the TIAA tool from those chosen by a retirement plan fiduciary, it said. Paras Griffin / Getty Images fileThe recent push to increase client usage of TIAA’s advice tool appears to be succeeding.

Persons: Ted Fitzpatrick, Fitzpatrick, TIAA, “, ” Fitzpatrick, ’, Chris Tobe, Craig Parkin, Rajotte, ”, Yale, Craig Warga, TIAA hasn’t, Ted Siedle, “ TIAA, ” Siedle, TIAA’s Parkin, Parkin, Thasunda Brown Duckett, “ Thasunda, ” Parkin, ” TIAA, Adriana Macias, Morningstar, Duckett, Rowe Price, TIAA’s, Paras Griffin, it’s, Steers, ‘ Organizations: SEC, New, Cornell University, University of North Carolina System, TIAA, Vanguard, Fidelity, Systems, Yale, Yale University, Bloomberg, Getty, Brown University and Harvard, NBC News, NBC, Morningstar Investment Management, of, Morningstar, “ Morningstar Investment Management, Bank of New York Mellon, Equitable Holdings, Cohen, Steers, & $ Locations: Milwaukee, TIAA, New York, New Haven, Conn, Chicago, Atlanta

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