how to win in fortune gems
South Korea's lawmakers on Friday voted to impeach acting President Han Duck-soo, in the second head-of-state ousting this month after a short-lived martial decree on Dec. 3, according to South Korean news agency Yonhap . > Watch NBC Bay Area News 📺 Streaming free 24/7 Finance Minister Choi Sang-mok is next in line to take on the mantle of the acting presidency, according to South Korean law. Han's predecessor, President Yoon Suk Yeol, was impeached a mere two weeks prior , after imposing martial law for six hours at the start of the month for the first time since the military coup of 1979, citing the need to "protect the constitutional order based on freedom and eradicate shameful pro-North Korea anti-state groups, that are stealing freedom and happiness of our people," according to NBC News . Opposition lawmakers brought the motion against Han on Thursday over the acting president's reluctance to immediately appoint three justices in the Constitutional Court, which is preparing to kick off deliberations on upholding Yoon's impeachment or reinstating him. Han's ruling Power People Party has argued that filling the Constitutional Court vacancies exceeds Han's mandate as acting president. The Constitutional Court held a first hearing on Yoon's case on Friday and has 180 days to reach its conclusion. A simple 151 majority, rather than two-thirds of parliamentary support, was required to pass the Friday vote. The assembly approved Han's impeachment motion with 192-0 in favor, while governing party lawmakers boycotted the poll, according to a Google-translated Yonhap update . The agency reports that acting Han has said he will respect the Friday decision. Han's own impeachment plunges South Korea into renewed political turbulence, shaking the foundations of its democratic success story and driving the Korean won down 0.40% to 1,472.22 after the Friday news. South Korea's Kospi slid 1.02% during the Friday session . Earlier on Friday, the Finance Ministry's Choi warned of the economic and security impact of Han's impeachment vote on Asia's fourth-largest economy. "In a time of global trade wars and national emergencies, the absence of a control tower for state affairs would cause severe damage to our country's credibility, economy, national security and governance continuity," Choi said, according to Yonhap . The International Monetary Fund projects 2.5% growth in South Korea's gross domestic product for 2024, and also a 2.5% inflation print over the period.AP News Summary at 6:42 p.m. EST
Luke Williams feels Swansea ‘lost grip’ on game despite sealing victory at Derby
NEW DELHI (AP) — India’s former Prime Minister Manmohan Singh, widely regarded as the architect of India’s economic reform program and a landmark nuclear deal with the United States, has died. He was 92. Singh was admitted to New Delhi’s All India Institute of Medical Sciences late Thursday after his health deteriorated due to a “sudden loss of consciousness at home,” the hospital said in a statement. “Resuscitative measures were started immediately at home. He was brought to the Medical Emergency” at 8:06 p.m., the hospital said, but “despite all efforts, he could not be revived and was declared dead at 9:51 p.m.” Singh was being treated for “age-related medical conditions,” the statement said. A mild-mannered technocrat, Singh became one of India’s longest-serving prime ministers for 10 years and leader of the Congress Party in the Parliament's Upper House, earning a reputation as a man of great personal integrity. He was chosen to fill the role in 2004 by Sonia Gandhi, the widow of assassinated Prime Minister Rajiv Gandhi . But his sterling image was tainted by allegations of corruption against his ministers. Singh was reelected in 2009, but his second term as prime minister was clouded by financial scandals and corruption charges over the organization of the 2010 Commonwealth Games. This led to the Congress Party’s crushing defeat in the 2014 national election by the Hindu nationalist Bharatiya Janata Party under the leadership of Narendra Modi . Singh adopted a low profile after relinquishing the post of prime minister. Prime Minister Modi, who succeeded Singh in 2014, called him one of India’s “most distinguished leaders” who rose from humble origins and left “a strong imprint on our economic policy over the years.” “As our Prime Minister, he made extensive efforts to improve people’s lives,” Modi said in a post on the social platform X. He called Singh’s interventions in Parliament as a lawmaker “insightful” and said “his wisdom and humility were always visible.” Rahul Gandhi, from the same party as Singh and the opposition leader in the lower house of the Indian Parliament, said Singh’s “deep understanding of economics inspired the nation” and that he “led India with immense wisdom and integrity.” “I have lost a mentor and guide. Millions of us who admired him will remember him with the utmost pride,” Gandhi wrote on X. The United States offered its condolences, with Secretary of State Antony Blinken saying that Singh was “one of the greatest champions of the U.S.-India strategic partnership.” “We mourn Dr. Singh’s passing and will always remember his dedication to bringing the United States and India closer together,” Blinken said. Born on Sept. 26, 1932, in a village in the Punjab province of undivided India, Singh’s brilliant academic career took him to Cambridge University in Britain, where he earned a degree in economics in 1957. He then got his doctorate in economics from Nuffield College at Oxford University in 1962. Singh taught at Panjab University and the prestigious Delhi School of Economics before joining the Indian government in 1971 as economic advisor in the Commerce Ministry. In 1982, he became chief economic adviser to the Finance Ministry. He also served as deputy chair of the Planning Commission and governor of the Reserve Bank of India. As finance minister, Singh in 1991 instituted reforms that opened up the economy and moved India away from a socialist-patterned economy and toward a capitalist model in the face of a huge balance of payments deficit, skirting a potential economic crisis. His accolades include the 1987 Padma Vibhushan Award, India’s second-highest civilian honor; the Jawaharlal Nehru Birth Centenary Award of the Indian Science Congress in 1995; and the Asia Money Award for Finance Minister of the Year in 1993 and 1994. Singh was a member of India’s Upper House of Parliament and was leader of the opposition from 1998 to 2004 before he was named prime minister. He was the first Sikh to hold the country’s top post and made a public apology in Parliament for the 1984 Sikh Massacre in which some 3,000 Sikhs were killed after then-Prime Minister Indira Gandhi was assassinated by Sikh bodyguards. Under Singh, India adopted a Right to Information Act in 2005 to promote accountability and transparency from government officials and bureaucrats. He was also instrumental in implementing a welfare scheme that guaranteed at least 100 paid workdays for Indian rural citizens. The coalition government he headed for a decade brought together politicians and parties with differing ideologies that were rivals in the country’s various states. In a move hailed as one of his biggest achievements apart from economic reforms, Singh ended India’s nuclear isolation by signing a deal with the U.S. that gave India access to American nuclear technology. But the deal hit his government adversely, with Communist allies withdrawing support and criticism of the agreement growing within India in 2008 when it was finalized. Singh adopted a pragmatic foreign policy approach, pursuing a peace process with nuclear rival and neighbor Pakistan. But his efforts suffered a major setback after Pakistani militants carried out a massive gun and bomb attack in Mumbai in November 2008. He also tried to end the border dispute with China, brokering a deal to reopen the Nathu La pass into Tibet, which had been closed for more than 40 years. His 1965 book, “India’s Export Trends and Prospects for Self-Sustained Growth,” dealt with India’s inward-oriented trade policy. Singh is survived by his wife Gursharan Kaur and three daughters. Associated Press writer Sheikh Saaliq in New Delhi contributed to this report.Ministers Joly, LeBlanc travel to Florida to meet with Trump's team
Rupee Depreciates 3 Per Cent In 2024, Manages To Remain Less Volatile Than Its Counterparts
OTTAWA — Peter Anholt tried to keep things light as he emerged from one of the elevators at Canada's hotel. The temperature had been turned way up on the veteran hockey executive and the country's under-20 program after a stunning upset some 12 hours earlier. "You only want to talk to me when things are bad, eh?" Anholt joked to reporters Saturday morning. "Is that how this works?" That is indeed what happens when a powerhouse with a record 20 gold medals expected to roll over an opponent suffers one of its worst all-time defeats at the tournament. Canada was embarrassed on home soil 3-2 by Latvia — a country it had thumped by a combined 41-4 score across four previous meetings — in a shocking shootout Friday. Coming off a disastrous fifth-place finish last year in Sweden and having talked a lot about upping their compete level and preparation, the Canadians looked disjointed for long stretches against the plucky, hard-working Latvians. The power play finally clicked late in the third period, but stands at 1-for-7 through two games, while the top line of Easton Cowan, Calum Ritchie and Bradly Nadeau has yet to translate its pre-tournament chemistry into success in the spotlight. "We're certainly trying to problem solve, but not throw the baby out with the bath water," said Anholt, who heads the world junior setup. "We've got to be really careful." Canada, which picked up a solid 4-0 victory over Finland to open its tournament Thursday, had plenty of offensive zone time and directed 57 shots at Latvian goaltender Linards Feldbergs. Included in that total, however, were far too many one-and-done efforts from the perimeter with little traffic in front. There were, of course, desperate spurts — especially late in regulation and in 3-on-3 overtime — but not nearly enough for a roster peppered with first-round NHL draft picks and top prospects. "We played really, really hard," Anholt said in defending his players. "We controlled the puck lots. We created some chances. Their goalie was really good and they defended really good ... 99 times out of 100 we win that game." Hoping for a big response Sunday against Germany before meeting the United States on New Year's Eve to tie a bow on round-robin action in Group A, Canada will have to push ahead minus one of its best players. Star defenceman Matthew Schaefer was injured Friday and is done for the tournament after he slammed into Latvia's net and skated off favouring his left shoulder area. "Tough blow for the kid," Anholt said. "The way he plays the game, he plays it at such a high speed." Cowan, a Toronto Maple Leafs first-round selection, said Canada remains confident despite Friday's ugly result in the nation's capital. "We're good," said the 19-year-old from Mount Brydges, Ont. "Everyone's lost a hockey game before." But not like that — or to that opponent on that stage. "Bit of a (crappy) feeling," said Nadeau, a Carolina Hurricanes prospect from St-Francois-de-Madawaska, N.B. "We all know what this group is capable of. Losing that game is not our standard. "We'll bounce back." Some corners of social media exploded following the Latvian debacle, with heavy criticism directed at head coach Dave Cameron and the team's overall roster construction. "We're not really worried about it," defenceman and Ottawa native Oliver Book, who like Cowan is back from last year's team, said of the outside noise. "We know we didn't play well." Canada appears poised to mix things up against the Germans. Vancouver Canucks prospect Sawyer Mynio of Kamloops, B.C., is set draw in for Schaefer, while Anholt indicated there's a good chance forward Carson Rehkopf will get his first crack at the 2025 tournament as a returnee. The 19-year-old Seattle Kraken second-round pick from Vaughan, Ont., has scored a combined 78 goals over his last 97 regular-season and playoff games in the Ontario Hockey League. "Great player," Cowan said. "He finds ways." Anholt said taking a big-picture approach is key in challenging moments. "Let's not panic," he said. "The world hasn't fallen in. It's hard, but we'll learn from it." It's something Canada will have to do under intense scrutiny. "People are gonna love you and people are gonna hate you," said Cowan, who has a goal an assist through two games. "Gotta keep doing you." Anholt, who was also at the helm 12 months ago when Canada never got in gear, isn't getting 2024 vibes from this year's group. "Not even in any way, shape or form," he said. "We've just got to take care of business." They get a first shot at redemption Sunday. This report by The Canadian Press was first published Dec. 28, 2024. Joshua Clipperton, The Canadian Press
New Delhi: India on Saturday afternoon bid a sombre farewell to former prime minister Manmohan Singh as his mortal remains were consigned to flames at a State funeral with full military honours at Nigambodh Ghat here in the presence of the topmost leaders of the government and the Opposition, the King of Bhutan, foreign minister of Mauritius and diplomatic corps besides Singh's wife Gursharan Kaur , their three daughters, sons-in-law and close relatives and friends. ET Year-end Special Reads Take That: The gamechanger weapon's India acquired in 2024 10 big-bang policy moves Modi government made in 2024 How governments tried to rein in the social media beast Singh, who died last Thursday at the age of 92, had had an eventful prime ministerial tenure for a decade from 2004 as the head of the two consecutive Congress-led UPA governments. President Droupadi Murmu, who is also the commander-in-chief of the armed forces, gave the ceremonial farewell salute to the departed leader amid military ceremonies, including the gun-salute, before Singh's family members performed the final religious rites. The final journey of Singh started early in the morning from his official residence with his body placed on a bedecked gun carriage pulled by a military truck with army personnel leading the march with the family, supporters and admirers of the late leader in tow. The body was first taken to the Congress headquarters at 24, Akbar Road, where it was received by the top Congress leadership and many of Singh's former cabinet colleagues besides the party workers. All of them then proceeded to the last phase of the funeral procession towards the Nigambodh Ghat where the government leaders joined them for the final rites. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrows Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program (You can now subscribe to our Economic Times WhatsApp channel )
Soitec SA (OTCMKTS:SLOIF) Short Interest UpdateLuke Williams feels Swansea ‘lost grip’ on game despite sealing victory at DerbyHow co-writing a book threatened the Carters' marriage
Swansea boss Luke Williams thought his side were second best for the majority of the contest despite earning a 2-1 win at Derby. The Swans stunned Pride Park into silence with less than two minutes on the clock when Zan Vipotnik sent a bullet past Jacob Widell Zetterstrom before Ronald slotted home his first of the season in the 14th minute. Cyrus Christie brought Tom Barkhuizen down inside the box and Nathaniel Mendez-Laing dispatched the resulting penalty to cut the deficit in half and, despite piling on the pressure, Derby succumbed to a second home defeat of the season. Williams told a press conference: “We started the game very well, we were good up until we scored the second goal then we lost the grip on the game and I thought Derby were the better team. “The next thing for us we have to be able to maintain that level throughout the game and we weren’t able to do that to be quite honest today. “They made it difficult, reacted very well after the second goal and didn’t go under, far from it.” Swansea leapfrogged their opponents into the top half of the table with their sixth win of the season and took three points back to south Wales following two last-minute defeats by Burnley and Leeds heading into the match. Williams added: “We’ve recently conceded late goals but they’re a very resilient group and we saw it out in the end. “We’ve dominated games a lot but probably failed to score when we’ve been that dominant and tonight we managed to score the goals when we were dominant. “We scored the goals at the right time today.” Derby had been unbeaten in their last three matches coming into this one but Paul Warne put defeat down to a poor start. He said: “We conceded two and didn’t get close enough, weren’t aggressive enough, not enough body contact and looked soft, that’s my fault. “Maybe I didn’t message it properly. Sometimes it doesn’t come down to shape and tactics but I thought that was what the difference was. “Credit Swansea for the win but after the 25 mins it looked like we would score. I really enjoyed it, that’s the truth. I had 70 minutes of a team giving everything, I don’t think we’ve had that many attempts in the Championship this season. “It’s a rude awakening, last year we would’ve won that 4-2.”
Activist investor Barington Capital Group is calling on department store retailer Macy’s to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale’s and Bluemercury chains among other changes to boost its slumping stock, according to its proposal made public Monday. The presentation to Macy’s shareholders comes after Barington Capital, which has stakes in such brands as Victoria’s Secret, Hanes and Dillard’s, has built an undisclosed stake in Macy’s. Barington said it has partnered with property owner Thor Equities. They said that Macy’s shares are undervalued, and that its real estate, including its Macy’s flagship at Herald Square, is worth between $5 billion and $9 billion. They believe Macy’s should create a separate real estate unit to collect market rents from Macy’s retail operations and pursue other asset sale and redevelopment opportunities. Macy’s shares fell 4% in morning trading, and they have fallen 12% so far this year and closed on Friday at $16.43. The company is expected to report its fiscal third quarter earnings Wednesday after it announced it is delaying its full quarterly results after it discovered an employee intentionally hid up to $154 million of expenses over several years. As part of the proposals, Barington and Thor are urging Macy’s to cut capital expenditures to between 1.5%to 2% of total sales from the current 4% and repurchase at least $2 billion to $3 billion in stock over the next three years. | Such changes could lead to a 150% to 200% total return for Macy’s stockholders over the next three years, they said. “We seek to be value-added stockholders at Macy’s that can bring fresh perspectives to the company, especially in the areas of capital allocation, merchandising and retail, and real estate,” said Joseph Sitt, chairman of Thor, and James Mitarotonda, chairman of Barington, in a joint statement. Barington said in the presentation that Macy’s should look at publicly traded Dillard’s as an example of how to prudently cut expenses and deliver strong returns to shareholders. Dillard’s shares are up 10% since the beginning of the year. Macy’s has had to confront other activist shareholders looking to make changes as the company struggles with sluggish sales and increased competition from discounters and online behemoth Amazon. In July, it cut off monthslong buyout talks with two investment firms, saying the bid was inadequate and the financing was not certain. Macy’s said those bidders, Arkhouse Management and Brigade Capital Management, failed to provide it with additional information by its June 25 deadline, including the highest price they would be willing to pay. In April, Macy’s named two independent directors to its board backed by Arkhouse, ending a fight to replace most of the board and to acquire the chain. Macy’s CEO Tony Spring took the helm Feb. 4 and then later that month he announced a plan to close 150 stores . It also announced plans to upgrade 350 stores, with plans to add more salespeople to fitting areas and shoe departments, while adding more visual displays like mannequins. The Macy’s stores targeted for closure accounted for 25% of overall square footage but less than 10% of its sales, the company had said. In a statement, Macy’s said that its board and management team are committed to “delivering sustainable, profitable growth and driving shareholder value.” “We have consistently demonstrated open-mindedness, including with respect to regularly reviewing the company’s strategy and capital allocation framework and exploring all paths to enhance value,” the company said Monday. It said it remained confident in its new strategy to cut stores and to upgrade others and expects to share full details of its progress on Wednesday. It also said it looks forward to engaging with its shareholders including Barington and Thor, as it further advances its initiatives and execute toward its long-term goals. —Anne D’Innocenzio, AP retail writer The extended deadline for Fast Company’s World Changing Ideas Awards is this Friday, December 13, at 11:59 p.m. PT. Apply today.NEW YORK — No ex-president had a more prolific and diverse publishing career than Jimmy Carter . His more than two dozen books included nonfiction, poetry, fiction, religious meditations and a children’s story. His memoir “An Hour Before Daylight” was a Pulitzer Prize finalist in 2002, while his 2006 best-seller “Palestine: Peace Not Apartheid” stirred a fierce debate by likening Israel’s policies in the West Bank to the brutal South African system of racial segregation. And just before his 100th birthday, the Dayton Literary Peace Prize Foundation honored him with a lifetime achievement award for how he wielded "the power of the written word to foster peace, social justice, and global understanding.” In one recent work, “A Full Life,” Carter observed that he “enjoyed writing” and that his books “provided a much-needed source of income.” But some projects were easier than others. “Everything to Gain,” a 1987 collaboration with his wife, Rosalynn, turned into the “worst threat we ever experienced in our marriage,” an intractable standoff for the facilitator of the Camp David accords and winner of the Nobel Peace Prize. According to Carter, Rosalynn was a meticulous author who considered “the resulting sentences as though they have come down from Mount Sinai, carved into stone.” Their memories differed on various events and they fell into “constant arguments.” They were ready to abandon the book and return the advance, until their editor persuaded them to simply divide any disputed passages between them. “In the book, each of these paragraphs is identified by a ‘J’ or an ‘R,’ and our marriage survived,” he wrote. Here is a partial list of books by Carter: “Keeping Faith: Memoirs of a President” “The Blood of Abraham: Insights into the Middle East” (With Rosalynn Carter) “Everything to Gain: Making the Most of the Rest of Your Life” “An Outdoor Journal: Adventures and Reflections” “Turning Point: A Candidate, a State, and a Nation Come of Age” “Always a Reckoning, and Other Poems” (With daughter Amy Carter) “The Little Baby Snoogle-Fleejer” “Living Faith” “The Virtues of Aging” “An Hour Before Daylight: Memories of a Rural Boyhood” “Christmas in Plains: Memories” “The Hornet’s Nest: A Novel of the Revolutionary War” “Our Endangered Values: America’s Moral Crisis” “Faith & Freedom: The Christian Challenge for the World” “Palestine: Peace Not Apartheid” “A Remarkable Mother” “Beyond the White House” “We Can Have Peace in the Holy Land: A Plan That Will Work” “White House Diary” “NIV Lessons from Life Bible: Personal Reflections with Jimmy Carter” “A Call to Action: Women, Religion, Violence, and Power” “A Full Life: Reflections at Ninety”
Jimmy Carter, the 39th US president, has died at 100
In a significant development, Bank of America's co-head of investment banking in India, along with two other bankers, has departed from the company. This follows an internal investigation into allegations of misconduct, as per a report from the Financial Times. The probe, initiated earlier this year, is examining whether Bank of America and its Asian investment banking division shared confidential information with select investors before the announcement of secondary stock offerings. The company has not provided any comments in response to inquiries from Reuters. (With inputs from agencies.)
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALTR, MPB, CDMO, AVAV on Behalf of ShareholdersMaharashtra: Dhananjay Munde Meets CM Devendra Fadnavis At Sahyadri Guest House, Demands Death Penalty For Beed Sarpanch's Killers
With the holidays taking up much of your time, you may not be concentrating on retirement moves to make before 2025. But if you’re the type of person who does everything to the max, investing in your future retirement now could be a game changer. Contribution limits In 2024, you can invest up to $23,000 into your 401(k) retirement plan as per IRS contribution limits. If you’re over 50 and need to play catch-up, you can invest an extra $7,500. That means your total possible contribution for 2024 is $30,500. If that seems like a lot, it is. But you don’t have to max out your contributions if you can’t afford it. Employer matching can help. In 2025, you can invest $23,500, bringing your possible contribution up to $31,500. If you’re over 50, the catch-up contribution remains at $7,500 for 2025. But a huge change was made in SECURE 2.0 for employees aged 60 to 63 who participate in workplace retirement plans. Starting in 2025, this super catch-up contribution limit is $11,250 instead of $7,500. People are also reading... Adobe Stock Four ways to max out 1. Figure out how much you contributed. If you’ve contributed as much as possible for the year, you’re in good shape going into 2025. If you’re not sure, you changed jobs or haven’t contributed consistently in 2024, you still have time to make adjustments to max out your 401(k) contributions for the year. 2. Check your employer’s match. Employer matching is a job benefit not to be overlooked. After all, for every dollar you save in your 401(k), your employer matches your contributions dollar-for-dollar or offers a partial match up to a certain percentage of your wages. Knowing where you stand can help you make the most of this opportunity. For example, let’s say you earn $50,000 per year and contribute $3,000 to your 401(k), or 6% of your salary. If your employer offers to match 50 cents of each dollar you contribute up to 6% of your pay, they would add $1,500 each year to your 401(k) account, boosting your total annual contributions to $4,500. 3. Look at your budget. Maxing out your 401(k) is always a good move. However, retirement planning can be a balancing act; sometimes, your budget is downright against it. If you have high debt or no money set aside for emergencies, you may want to hold off a bit. That doesn’t mean you shouldn’t contribute to your retirement plan at all. Maintaining contributions is important, even if it means not maxing it out. Still, if you wait too long to save, you’ll have to play catch-up. Listen now and subscribe: Apple Podcasts | Spotify | RSS Feed | SoundStack | All Of Our Podcasts If you save too much, you may have to tap into your account early, which can mean early withdrawal penalties if you are under age 591⁄2. 4. Boost your contributions. If you have enough cash stashed away to cover a large lump sum contribution to your 401(k), you could max out your 401(k) contributions before the end of the year. You can do this by increasing the percentage you contribute monthly from your paycheck. You’ll want to speak with your employer or HR department to see if this is possible and fill out the necessary paperwork. Keep in mind that how often you increase it or even if you can will depend on your plan rules. You may also want to check to be sure your contributions are still automatic. Since it’s usually easier to save money if it’s automatically deducted from your paycheck, it may be worth reviewing your budget to see if you can boost your contribution amount to max out your 401(k). If you haven’t set up automatic payroll contributions, now is a good time to do so. 1 in 4 people say they’ll go into debt for the holidays. Is social media to blame? Benefits of maxing out Maxing out your 401(k) has some clear benefits. This is especially true if you’ve fallen behind on your savings goals or you simply want to grow your retirement nest egg faster. The main advantage is that you’ll have more money saved for retirement. According to Northwestern Mutual’s 2024 Planning & Progress Study, most retired Americans believe they will need nearly $1.5 million in the bank to retire comfortably. That’s a 15% increase — which far outpaces the 3% to 5% inflation rate — over 2023 and is up 53% from 2020. The money you put into your 401(k) lowers how much you’ll pay in taxes for the year, which may put you in a lower tax bracket. Also, 401(k) investments grow tax-deferred, so you won't pay taxes on the money until you withdraw the funds in retirement. If you have a Roth 401(k), you don't get a tax break on contributions because you fund your account with after-tax dollars. But the money you contribute grows tax-free and you won’t pay any taxes on your withdrawals in retirement. Speak with a pro Maxing out your 410(k) each year may not be enough to retire comfortably, but it is a great start. That’s why enlisting the help of a financial adviser in 2024 can help you get a head start on 2025 and a happy retirement down the road. 4 tips to help you experience exceptional cruise dining | PennyWise podcast You need to make $108,000 to afford a home in America Americans who bought homes in 2024 were older and richer than ever Why you shouldn't store your money in payment apps Be the first to knowKEMI Badenoch last night threatened to tear up human rights laws and stop migrants claiming benefits in a bid to tame rampant population growth. Vowing to “tell the truth on immigration ,” she used her first major speech as Tory leader to warn: “This country is not a dormitory or a hotel, it is our home.” She pledged a “strict” cap on arrivals with visas only doled out to those who “will make a substantial and clear overall contribution”. And the Opposition chief promised to review Britain’s membership of the European Court of Human Rights and its basis in UK law . Both policies mark a hardening in her position since she ran for the leadership and were adopted by her rival Robert Jenrick . Taking aim at Labour and her Conservative governments on immigration, she attacked the “failure of politics over the last thirty years” to “gloss over it or make it a fringe issue”. Read more on Kemi Badenoch She also took aim at Home Office civil servants who would “much rather be working in a charity , helping people with asylum” than controlling borders. Ms Badenoch said: “Millions want to come here, but we as politicians have to do right by the citizens of this country, before anyone else. “Our country cannot sustain the numbers we have seen. We are reducing the quality of life for people already here. “Because immigration is at a pace too fast to maintain public services, and at a rate, where it is next to impossible to integrate those from radically different cultures.” Most read in The Sun She vowed to tighten citizenship and settlement criteria so a British part is “earned not an automatic right”. Her Shadow Home Secretary Chris Philp added: “Speaking honestly, I am troubled that over a million people in the UK – over a million - can’t speak English either well or at all.” Ms Badenoch also warned there would be “zero tolerance for foreign criminals remaining in the UK” if she becomes PM. She added: “We will look at the access of migrants and any dependents to welfare and public services.” And a Rwanda-like plan is still the Tory ambition to deter small boat crossings. Reform leader Nigel Farage gave the speech short shrift, slamming: “The Conservative Party have broken their promises on immigration after the 2010, 2015, 2017 and 2019 manifestos. “Why on earth would I or anyone else believe them now.” Labour’s Migration Minister Angela Eagle said: “It’s welcome the Tories finally accept that immigration spiralled out of control on their watch. “But Kemi Badenoch offers no new ideas or alternatives to her party’s failed policies of the past.”Top professional Dr. Amal K.L. Illesinghe has been appointed to the Board of Bank of Ceylon as an Independent Non-Executive Director. Illesinghe is an experienced and a highly qualified Banking Professional with over 35 years of experience in Information and Communication technology. During this tenure, 28 years has been in the Banking and Financial sector which he served at National Savings Bank and People’s Bank in Sri Lanka and 20 years served in the Corporate and Executive management positions gaining a wealth of experience in Strategic Management and latest Information and Communication Technology. He retired from National Savings Bank in October 2024 and currently, he is working as the Secretary of CSSL and Executive Council Member of OPA. His knowledge and experience in the banking sector combined with vision and guidance helped to transform National Savings Bank from traditional banking platform to the state-of-the-art technology to improve operation of the bank. He finished his secondary education from Richmond College Galle and completed the Bachelor Degree (Hons) in Mathematics and Statistics from University of Sri Jayewardenepura, Post Graduate Diploma in Computer Technology from Institute of Computer Technology, University of Colombo, Master of Science in Information Technology from University of Colombo School of Computing, Master of Business Administration from University of Kelaniya. He also obtained his PhD Doctorate in Informatics in 2019 from University of Science and Technology, Malaysia. He won the CIO of the year 2021 organised by CSSL and Dynamic CIO award twice in 2020 and 2021 awarded by Digital Maestros Awards. Further, Dr. Illesinghe served as the Board member of National Youth Service Council, Secretary of the Bank CIO forum, Member of the Electronic Payment System Implementation Committee, Member of the National Payment Council, Member of CBSL appointed LankaQR Implementation Committee and Shared KYC implementation based on Blockchain Technology Committee. He is a Member of British Computer Society (BCS), Computer Society of Sri Lanka (CSSL), Organisation of Professional Association (OPA) and Association of Professional Bankers (APB).
World leaders and U.S. politicians mourn the passing of former U.S. President Jimmy Carter, who passed away at the age of 100. Carter, who was instrumental in establishing peace between Israel and Egypt, leaves behind a legacy of humanitarian efforts and global diplomacy. During his presidency, Carter was known for his strong commitment to civil rights and energy conservation. His post-presidential work with the Carter Center and Habitat for Humanity are testaments to his lifelong dedication to service and equality. Presidents Joe Biden, Donald Trump, George W. Bush, and other prominent figures shared their condolences and reflected on Carter's impactful life. President Carter's contributions, such as the Camp David Accords and efforts in arms control, continue to inspire leaders worldwide. His dedication to promoting peace and human rights is commemorated by figures like Egypt's President Abdel Fattah al-Sisi and French President Emmanuel Macron, highlighting Carter's everlasting influence on international relations. (With inputs from agencies.)
- Previous:
- Next: is fortune gems legit
