Money Monday: How Gen-Z is planning for retirement
Are younger people already thinking about retirement? Brett Neugerbauer from Northwestern Mutual stopped by WLWT to discuss how gen-zers are planning for the future.
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Good Morning AmericaHow a new retirement law could change your savings
A major set of changes to the rules for retirement finances took effect this year, but many people may not have noticed. The rules were buried within a 4,000-page long, $1.7 trillion spending measure signed by President Joe Biden in December. The batch of changes, called Secure Act 2.0, affords people greater flexibility in how and when they withdraw from their retirement accounts.
- Fortune
5 side hustles where you may earn over $20,000 per year—all while working from home
Side hustles can help you explore your hobbies and pad your budget.
- BuzzFeed
This CEO Asked Employees To "Donate PTO Days" To A Sick Colleague Instead Of Extending Their Leave, And People Are Bashing Them
"If anyone at any company has the power to just give PTO days to a 17-year veteran of the business, you would think it would be the president and CEO. But. I. Guess. Not."
- Fortune
Bosses think they’re winning the return to office—until employees blindside them by quiet quitting
To boost engagement, making employees feel like their opinions are heard is almost as important as letting them work from home.
- GOBankingRates
401(k) Mistakes Most Boomers Are Making
Some 401(k) mistakes can be very costly to your retirement plans. Take a look at the mistakes some baby boomers are making and how to fix them.
- Fortune
The economist who predicted that A.I. would replace half of all U.S. jobs now says ChatGPT is the equivalent of Uber disrupting the taxi industry—and it could lead to lower wages
If ChatGPT is successful in creating competition like Uber did, it could drive wages down, according to Oxford economist Carl Frey.
- SmartAsset
84% of Retirees Are Making This RMD Mistake. Are You One of Them?
Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a study from JPMorgan Chase shows that there is likely good reason to take out more. A withdrawal approach based solely on … Continue reading → The post 84% of Retirees Are Making This RMD Mistake appeared first on SmartAsset Blog.
- Business Insider
There are plenty of open jobs for tech workers — they're just not at tech companies
Despite the massive wave of layoffs, there are still plenty of job openings for tech workers if they have the right skill set, a report says.
- GOBankingRates
5 Easy Side Gigs That Pay Well
If you're angling to open a second income stream, the first thing you probably want to know about any side hustle you're considering is what it pays -- but what you should be asking is how hard the...
- Glamour
Is ‘Quiet Thriving’ the New Workplace Trend We Should All Be Channeling?
So long, quiet quitting.
- TheStreet.com
Southwest Airlines Pushes Back Against a Common Criticism
The airline has faced a lot of criticism since its holiday meltdown and it's pushing back in one key way.
- Reuters
Boeing says it will cut about 2,000 white-collar jobs in finance and HR
WASHINGTON (Reuters) -Boeing Co expects to cut about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs, the U.S. planemaker confirmed Monday. The company confirmed a Seattle Times report Monday it expects "about 2,000 reductions this year primarily in finance and HR through a combination of attrition and layoffs." Boeing also confirmed it is outsourcing about one third of those jobs to Tata Consulting Services in India.
- Autoweek
A $2 Billion Loss Spells Trouble in Dearborn
Ford’s continuing cost problems—and chip supply—are to blame, but inventory is high, too.
- TODAY
Subway will no longer make its sandwiches with pre-sliced meat
Subway will no longer serve pre-sliced meat in its shops, adding automatic in-store slicers to its 22,000 stores, "by summer 2023," says the sandwich chain.
- Reuters
U.S. judge rejects bail proposal for FTX founder Bankman-Fried
NEW YORK (Reuters) -A federal judge on Tuesday rejected a proposal to modify Sam Bankman-Fried's bail conditions, despite an agreement between the FTX cryptocurrency exchange founder and prosecutors to address potential witness tampering concerns. U.S. District Judge Lewis Kaplan in Manhattan did not provide reasons for the denial, and said a hearing on bail remains scheduled for Feb. 9. A spokesman for Bankman-Fried declined to comment.
- Business Insider
The new CEO of FTX charged $690,000 for 2 months of work untangling the failed crypto exchange's chaotic finances
The new FTX CEO previously told the court that his fee would be $1,300 an hour to clean up the failed crypto exchange's mess.
- MarketWatch
‘I really need help.’ I have $580K in retirement savings, but can’t find a financial adviser because the ones I spoke to want clients to be richer than me. What should I do?
Question: I’m in Maryland and could use a financial planner for my Roth IRA and my TSP [a retirement savings plan for government employees] to make investment suggestions and help manage my funds to improve returns. My Roth IRA is about $80,000 and I really need help finding the right investments to grow this account in this terrible environment. “Not all financial planners require a minimum number of assets to work with you,” says certified financial planner Jonathan Grannick of Wonder Wealth.
- INSIDER
Big Tech reshaped immigration policy to recruit global talent. The newest wave of layoffs have left those immigrant workers stranded.
Outdated immigration policy and tech company layoffs have led to many H-1B visa holders scrambling to find new employment or face deportation.
- Fox News
Biden's IRS plans to crack down on waiters' tips
The Internal Revenue Service is moving ahead with a proposal to crack down on service industry tip reporting in an effort the agency said would provide "certainty to taxpayers."
- Reuters
EV startup Vinfast to cut U.S. jobs amid restructuring
(Reuters) -Vietnamese electric vehicle maker VinFast is cutting its workforce in the United States, the company said on Monday, amid a restructuring in its major overseas market as the startup grapples with a stalled shipment of its first cars and prepares for a potential stock listing. The Vietnamese company, a subsidiary of conglomerate Vingroup JSC, has been moving to expand in the United States, where it hopes to compete with existing automakers. It was not immediately clear how many jobs would be affected by the U.S. restructuring.