retirement

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Tennis Icon Plays Final Match of His Career

Rafael Nadal retires after losing at the Davis Cup

(Newser) - Rafael Nadal bit his lower lip and his reddened eyes welled with tears as he stood alongside his Davis Cup teammates for Spain's national anthem Tuesday before what he—and everyone— knew might be the last match of his career . Hours after Nadal's 6-4, 6-4 loss to Botic...

Lindsey Vonn Shakes Off Retirement at 40

Olympic champ rejoins US ski team to 'share my knowledge'

(Newser) - Lindsey Vonn is coming out of retirement to rejoin the US Ski Team, she announced Thursday, intending to race again at age 40—and six years after her last Olympics, per the AP . Vonn is a three-time Olympic medalist, including a downhill gold and super-G bronze at the 2010 Vancouver...

After Backlash, Aussie Breaker Retires

Rachael Gunn, aka Raygun, was ridiculed for her routine at the Summer Olympics in Paris

(Newser) - Three months after she stepped onto the world stage, Rachael Gunn is stepping off of it. The 37-year-old breaker known as B-Girl Raygun, who made a splash at the Summer Olympics in Paris with what the BBC calls a most "unorthodox" breaking routine , has announced she's retiring from...

Here's What You Can Put Toward Retirement in 2025

IRS releases annual cost-of-living adjustments, including updates on contributions to 401(k)s, IRAs

(Newser) - The IRS is out with its annual cost-of-living tweaks, including increases in how much Americans can inject into their pension plans and retirement accounts. The details, per the AP :
  • 401(k), 403(b), federal Thrift Savings Plan, most 427 plans: In 2025, individuals will be able to contribute up to $23,500
...

Michigan QB Makes 'Difficult Choice' After 5th Concussion

Wolverine Jack Tuttle's retirement comes after NC State's Grayson McCall stepped down

(Newser) - Last week, North Carolina State quarterback Grayson McCall announced he'd be retiring from football at the age of 23, after suffering a string of concussions. Now, another young college star is stepping off the field for similar reasons, this time out of the Great Lakes State. On Monday, Michigan...

10 Best US Cities to Retire Affordably

American Canyon in California is No. 1 in ranking by Fortune

(Newser) - Longer lifespans mean having more time to enjoy retirement—and also a longer timeframe over which your life's savings must stretch. Fortune honed in on this reality in its search for the most affordable US cities to retire. To assess what's affordable, they crunched 200 metrics across 2,...

Rafael Nadal: It's Time to Retire
Rafael Nadal
Calls It a Day
Oct 10, 2024 6:05 AM CDT

Rafael Nadal Calls It a Day

Tennis great, 38, to play his final pro match at Davis Cup Finals

(Newser) - One of the best tennis players of all time is relinquishing his racket. Spain's Rafael Nadal, whose retirement was suggested following his loss to Novak Djokovic in the Paris Olympics men's singles, announced Thursday that he will retire from the game he loves following the Davis Cup Finals...

Guess Who's Not Retired Anymore?
Guess Who's
Not Retired
Anymore?
Oct 2, 2024 9:40 AM CDT

Guess Who's Not Retired Anymore?

Actor Daniel Day-Lewis is back after 7-year hiatus to appear in Anemone , directed by son Ronan

(Newser) - If an actor claims they're retiring, do they actually really mean it? That's a nay for Daniel Day-Lewis, the Academy Award-winning thespian who announced seven years ago , at age 60, that he was leaving the biz. He's now apparently retracting that decision, with a new movie in...

Jamie Dimon Is on the Hunt for His Replacement

It's reportedly a top priority for the 68-year-old JPMorgan CEO

(Newser) - After 18 years as head of America's largest bank, JPMorgan Chase CEO Jamie Dimon is preparing to retire. Indeed, finding a successor is now his top priority, Reuters reports. Earlier this year, the 68-year-old indicated he would retire in fewer than five years, but Bank of America analysts predict...

Kathy Bates Drops Bomb About Post-Matlock Life

Oscar winner says she's always felt like something of a 'misfit' in Hollywood, is retiring after CBS drama

(Newser) - A reboot of Matlock, the Andy Griffith legal drama from the '80s and '90s, is set to hit the small screen in two weeks—and the Independent reports that Kathy Bates, the franchise's new star, is already announcing her retirement ahead of the premiere. "This is...

Best and Worst US Cities for Retirees

Florida is doing pretty well for our elders

(Newser) - For those looking to give up punching the clock sooner rather than later, some cities are better able to facilitate that. As calculating "snowbirds" have long figured out, the Sunshine State is a good place to look at. WalletHub crunched the numbers on 182 American cities (the 150 most...

Elite Group of 401(k) Holders Breaks a New Record

Fidelity says there are more '401(k)-created millionaires' than ever in the US

(Newser) - Got a retirement plan in the seven figures? Consider yourself among a record-breaking group: A new report from Fidelity Investments says there are more US participants in 401(k) plans with balances over $1 million than ever, though the stats show that most Americans are "woefully unprepared" for their retirement...

Aerosmith Makes Big Move in Wake of Tyler Injury

Rock band is retiring from touring due to permanent damage to lead singer's vocal cords

(Newser) - Aerosmith says Steven Tyler's voice has been permanently damaged by a vocal cord injury last year and the band will no longer tour. The iconic band behind hits like "Love in an Elevator" and "Livin' on the Edge" posted a statement Friday announcing the cancellation of remaining...

When It Comes to Retirement, a Possible 'Cultural Shift'

Less than half of Americans think they'll work past age 62, per a new survey

(Newser) - Less than a decade ago, the percentage of Americans who anticipated they'd work past age 62 hovered close to 60%. Now, that figure comes in at less than half: According to the SCE Labor Market Survey released in March and cited by Liberty Street Economics , only about 46% of...

Baseball's Most Controversial Ump Is Out
Baseball's
Most Vilified
Ump Is Out
the rundown
May 28, 2024 10:04 AM CDT

Baseball's Most Vilified Ump Is Out

Angel Hernandez retires midseason

(Newser) - News that a Major League Baseball umpire is retiring typically doesn't make waves. But in this case, the umpire just happens to be the most vilified one in the game—Angel Hernandez. As coverage shows, however, not everybody thinks he deserves his reputation:
  • Retirement: Hernandez, 62, announced his retirement
...

A Lot More 401(k) Accounts Now Have $1M+ Balances

Still, Fidelity's 485K million-plus accounts represent just 2% of their defined contribution plans

(Newser) - The number of retirement accounts with balances above $1 million spiked dramatically to a new record this year. Some 485,000 401(k) accounts had balances above $1 million in the first quarter, CNN reports. That's a 15% increase from the end of 2023 and 43% higher than this time...

Survey: Many Say They're Being Priced Out of Retirement

Blame goes to cost of housing and everyday expenses

(Newser) - More than one-quarter of US adults over age 50 say they expect to never retire, and 70% are concerned about prices rising faster than their income, an AARP survey finds. About 1 in 4 have no retirement savings, according to research released Wednesday by the organization that shows how an...

Americans Think $1.46M Is the Magic Number

That's how much they think they need to retire comfortably, per a new survey

(Newser) - Americans' best guess of what they'll need to retire comfortably is on the rise. The Wall Street Journal reports that a survey of 4,588 adults conducted by Northwestern Mutual put the magic number at $1.46 million; in last year's survey, they pegged the target at $1....

BlackRock CEO: Maybe 65 Shouldn't Be Retirement Age

Larry Fink addresses retirement system problems in shareholder letter

(Newser) - The CEO of the largest money management firm on Earth has suggested one way to ease the crunch facing the US retirement system, though it might not be the most popular: Everyone should just work longer—or retire later, if that way of putting it is easier to swallow. That...

For Those Turning 65, a Very Different Golden Years Await

In 2024, nearly 4.1M seniors will hit this milestone

(Newser) - This year, we'll be donning birthday hats for more people turning 65 in the US than at any other time in history, in what the AARP is calling the "silver tsunami." And the nearly 4.1 million seniors celebrating this milestone are doing things a bit differently...

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