In 2026, Americans generally consider a net worth of around $2.3 million to be wealthy, with perceptions influenced by inflation and the need for sustainable income from investments, highlighting that wealth thresholds are evolving and depend on individual goals and age.
Steny Hoyer, a long-serving Democratic Congressman and former House Majority Leader, announced his retirement after over 40 years in Congress, citing a desire to be true to himself and reflecting on his bipartisan relationships and leadership. His departure marks the end of an era in Democratic leadership, with speculation about his successor.
Steve Phelps, NASCAR's first Commissioner, is stepping down after 20 years of leadership, during which he transformed the sport with new events, international expansion, and innovative initiatives, leaving a lasting legacy of growth and innovation.
Vintage camera repairers, mostly older and nearing retirement, are facing a future where their skills may be lost as fewer new technicians enter the field, raising concerns about the preservation of film camera repair expertise. Younger repairmen like Daniel Ward are optimistic about technological solutions like 3D printing to address parts shortages, and some believe film photography will persist even as digital fades.
The article offers practical tips for retirees to protect and grow their savings, including diversifying investments with gold, working with financial advisors, reducing debt, securing digital assets, and saving on major expenses like insurance and phone plans, along with a bonus on affordable weight-loss medications.
Jim Cramer recommends a three-asset investment strategy for early retirement: 45-50% in index funds, 45-50% in five carefully chosen stocks (including some speculative), and 5-10% in 'insurance' assets like gold and bitcoin to hedge against market downturns. While his approach offers a diversified plan, it involves risks, especially with concentrated stock holdings and volatile assets like bitcoin.
The Heart of Michigan store in Howell is closing at the end of January after 15 years, as owners Karen and John Wing retire to enjoy more time with family and their plans. They thank the community for their support and invite customers to visit during the final sales to share memories and help clear out stock.
Tyson Fury, the former heavyweight champion, has announced his return to boxing in 2026 after a brief retirement following his loss to Oleksandr Usyk in 2024. Despite previous retirements, Fury's comeback has been anticipated, with plans potentially involving high-profile fights, though recent injuries to rivals may impact these plans. Fury aims to avenge his losses and regain his title, continuing his storied career.
The article explains upcoming changes to required minimum distribution (RMD) rules for retirees in 2026, including the age at which RMDs start, the elimination of RMDs for Roth 401(k) plans, and penalties for failing to take RMDs on time, emphasizing the importance of understanding these rules for retirement planning.
Doug Bowser, the president of Nintendo of America, has announced his retirement effective December 31, 2025, after 44 years with the company, expressing gratitude and continued support for Nintendo.
Philip Rivers, who briefly returned to play for the Colts this season, has announced he is definitively retiring from playing and will focus on coaching his sons' high school football team in 2026.
The article highlights three stable, dividend-paying companies suitable for retirees seeking steady passive income, emphasizing Venture Corporation's consistent dividend history, strong cash flows, and low debt as a prime example, along with the Singapore Exchange for its reliable recurring income.
Gene Deckerhoff, the iconic voice of the Tampa Bay Buccaneers for 37 seasons, will retire after the 2025 NFL season, ending a distinguished broadcasting career that included calling over 800 games and becoming a beloved figure among fans and in sports history.
The Netherlands is implementing a major overhaul of its €1.8 trillion pension system to improve sustainability and adapt to changing demographics and economic conditions.
Many members of Congress from both parties are retiring or not seeking reelection before the 2026 midterms, with some aiming for higher office or leaving early, which could signal significant turnover and impact control of Congress.