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At 60, my wife and I have $2M saved for retirement. We feel ready for a change — but is it too soon to retire?

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There’s a lot to consider when planning for retirement. Things like retirement savings and Social Security are often top of mind, but deciding when to retire can also be a tough thing to figure out.

That’s exactly the position Joyce and Gina find themselves in. They’re both 60 years old and had planned to work a few more years before retiring. However, restructuring and uncertainty at work has the couple rethinking their original plan.

They currently have $2 million in retirement savings and a low-cost lifestyle, so the big question becomes: do they really need to keep working, or can they retire early?

There’s no standard retirement savings number that works for everyone. In fact, it all depends on how much money they’ll need in retirement. To figure out if Joyce and Gina are financially ready to retire now, let’s get into the numbers.

According to a 2024 survey from Northwestern Mutual — reported by CBS News — the average American believes they’ll need $1.26 million to retire comfortably. That figure is actually down slightly from 2024, when the estimate was $1.46 million [1].

With $2 million in savings, Joyce and Gina are well ahead of that $1.26 million figure. If they were to retire today and withdraw 4% in the first year — while adjusting for inflation each subsequent year — that would give them $80,000 to spend in that first year of retirement.

Assuming a 4% annual withdrawal rate, 2.5% average annual inflation and a 6% average annual portfolio return, Joyce and Gina would be able to withdraw $88,200 in year five of retirement while their savings would sit at $2.03 million. In year 10, they’d be able to withdraw $99,700 with $2.1 million left in their savings.

By age 90, they’d still have a meaningful cushion — around $1.01 million, with a 4% annual withdrawal rate coming in at $163,000 — assuming the markets perform reasonably well and inflation stays moderate.

This plan also doesn’t include Social Security, which could add a significant income stream later in retirement. Assuming the 4% withdrawal rate mentioned above works for their lifestyle, Joyce and Gina can comfortably retire now while waiting until they turn 70 to apply for Social Security.

Japan’s Prime Minister Shigeru Ishiba resigns

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Japan’s Prime Minister Shigeru Ishiba has announced he is stepping down after less than a year in the role, following two major election losses.

The move comes a day before his Liberal Democratic Party (LDP) was expected to vote on whether to hold an internal leadership vote that could have forced him out.

The LDP has governed Japan for almost seven decades, but under Ishiba it lost its majority in the lower house for the first time in 15 years and then lost its majority in the upper house in July.

Japan, the world’s fourth-largest economy and a key US ally, now faces a period of political uncertainty as tensions rise with China and regional insecurity mounts.

“Now that a conclusion has been reached in the negotiations concerning the US tariff measures, I believe this is precisely the appropriate time”, Ishiba said, referring to a deal signed last week to ease tariffs imposed by US president Donald Trump on Japanese cars and other exports.

Until Sunday, he had resisted calls to resign, saying it was his responsibility to settle the dispute with Washington before stepping down.

“I have strongly believed that negotiations concerning the US tariff measures, which could be described as a national crisis, must be brought to a conclusion under our administration’s responsibility,” he said.

The 68-year-old said he would continue his responsibilities “to the people” until a new prime minister was selected.

Ishiba, who took office in October 2024 promising to tackle rising prices, struggled to inspire confidence as the country faced economic headwinds, a cost-of-living crisis and fractious politics with the US.

Inflation, particularly the doubling of rice prices in the last year, was politically damaging.

Public support further slid after a series of controversies, including criticism of his decision to appoint only two women to his cabinet and handing out expensive gifts to party members.

Streaming the NFL? It’s going to cost you                                        

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If you want to be able to watch all of the NFL’s action this season, it’s going to cost you. 

NFL games will be broadcast on Fox, CBS, NBC, Amazon, YouTube, Netflix and ESPN as more media companies use the league’s broad popularity to lure viewers to their direct-to-consumer streaming apps and subscriber services.   

And as these media companies use the nation’s most popular sports league to get people to subscribe to their streaming services, the cost of watching all the games is rising. 

Consumers who wish to watch every single NFL game this season will have to pay upwards of $750 to do so, according to estimates by Forbes, which noted the league’s games will air on ten different platforms during the 2025-26 season.   

The most expensive of these packages is NFL Sunday Ticket, available through traditional cable providers or Google’s YouTubeTV for nearly $400 a season.   

YouTube is just one of a number of new players that are getting into the game. 

Amazon and Netflix also will be televising some games this year, and the only way to see them will be to pay for their services. 

Netflix plans in the U.S. range from $6.99 to $24.99 per month while a subscription to Amazon’s streaming service will run customers $14.99 per month or $139 per year.  

Amazon burst onto the NFL scene in 2021, signing a multi-billion-dollar media rights deal with the league to broadcast Thursday Night Football, Black Friday and other select games through the 2033 season.  

Netflix, which has made a major push into live streamed sports, broadcast last season’s Christmas Day games, with more than 20 million viewers tuning in to the double-header action during the holiday.  

The streamer will again this Christmas broadcast two NFC divisional rivalry games: the Dallas Cowboys vs. the Washington Commanders, and the Detroit Lions vs. the Minnesota Vikings. 

One unique characteristic of the NFL compared to other pro sports leagues is games are available for free over broadcast antenna in the local markets of each team playing in a select game.  

This will be the case on Friday evening, when the powerhouse Kansas City Chiefs take on the AFC West rival Los Angeles Chargers, a game played in Brazil as part of the NFL’s push into international markets and streamed for free on YouTube.  

Meanwhile, an increasing number of traditional media companies are hoping NFL football will help buoy their fledgling direct-to-consumer streaming platforms, like Paramount+ “Fox One,” ESPN+ and others, as more viewers cut cable in favor of streamed sports content.   

Fox and CBS currently each have deals with the NFL to show weekly games on Sunday afternoons in the home markets of NFL franchises, but many observers see the current deals, which end in 2033, as one of the last that will be broadcast on linear television.  

NBC’s broadcast Thursday night’s opening game between the Dallas Cowboys and Philadelphia Eagles on linear broadcast, but also Peacock, which runs consumers $16.99 a month or $169.99 per year.  

The Comcast-owned network also broadcasts Sunday Night Football, one of the highest-rated television shows each week during the fall. 

Whatever technology these legacy media companies and new tech streamers use to bring NFL games to fans, the demand for the league’s content is undeniable.  

Last year, more than 90 of the top 100 television broadcasts were NFL games, signaling the league remains the single largest driver of audience across the media business.   

“This is part of our broader strategy of making this a global game,” Hans Schroeder, the NFL’s EVP for Media Distribution, said during a recent interview with podcaster Richard Deitsch. “We’re playing more games, in more places in more windows … we couldn’t do that if we didn’t change the structure of our media deals.”   

There are signs the NFL is interested in getting into deeper business with some of the largest media companies in the world.  

The league signed a $2 billion agreement with Disney earlier this summer to sell the league’s “RedZone” brand to ESPN, giving the NFL a 10 percent stake in the Disney-owned sports media giant.    

And though the trend of more games on more platforms is leading to some confusion among NFL fans, nobody is expecting anyone to tune pro football out anytime soon. 

“Everyone seems to be testing the same line in terms of what the consumer is willing to absorb,” said John A. Fortunato, an expert in sports media and business at Fordham University. “The NFL pretty clearly hasn’t gotten to that line yet. Whatever you think of them now, media is how the NFL grows … and this is the economic reality of how popular that league is.”   

Investors Eye Marvell’s (MRVL) Next Moves as Analysts Reaffirm $90 Target

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Marvell Technology, Inc. (NASDAQ:MRVL) is one of the AI Stocks to Watch Out For in 2025On August 29, TD Cowen analyst Joshua Buchalter reiterated a Buy rating and $90.00 price target on the stock.

TD Cowen’s analysis reflects concerns regarding Marvell’s custom silicon business which is expected to decline in the October quarter before bouncing back in the January quarter.

Investors may not like the F3Q downtick, and are more interested in follow-on wins that they need to see to believe.

“Lack of Upside and Still the Same Questions Makes for a Tough Quarter; An in-line print/guide with custom silicon signaled down in OctQ due to “lumpiness” before growing in JanQ. The F3Q downtick amid supply chain noise is unlikely to be well-received given uncertainty on follow-on wins that investors likely need to see to believe. Outside custom, electro-optics strength remains a bright spot with secular pull, and ex-datacenter segments are rebounding. Buy, $90 PT.”

Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers.

While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Must-Watch AI Stocks on Wall Street and 10 AI Stocks Investors Are Watching Closely.

Disclosure: None.

Thousands take part on Tyneside

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Jason Arunn Murugesu & Catherine LeeBBC News, North East and Cumbria

North News Dozens of people in running gear standing my model of green Tyne Bridge. They are all smiling and posing for the camera. North News

About 60,00 runners have entered, according to organisers

Thousands of runners have descended on Tyneside and are taking part in the Great North Run – one of the biggest half marathons in the world.

It is the 44th staging of the race, which starts in Newcastle, heads through Gateshead and South Tyneside before finishing in South Shields.

About 60,00 runners have entered, and will be cheered on by more than 200,000 supporters lining the 13.1-mile (21km) route.

As is traditional, there are famous faces at the start line to see off the runners – this year it is Newcastle United’s Jacob Murphy and Nick Pope.

The Great North Run’s founder, Sir Brendan Foster, said the event was “more popular, more famous, more in demand…the whole dimension of the thing is much bigger.

“Interestingly, the age group is changing slightly, with more young people now taking up running,” he said.

“The first Great North Run there were 8% of women running, last year 49% of the runners were women.

“I’m just so happy it’s taking place here in the North East, it has become iconic.”

PA Media Crowds of runners, wearing colourful tops, run across the Tyne Bridge. A set of planes (Red Arrows) can been in the blue sky, leaving a trail of white, red and blue markings in the sky.PA Media

The Red Arrows are set for a flyover at the start of the race, and a display at the finish

Broadcaster and fitness coach Joe Wicks is among those taking part.

He was also one of the starters at Saturday’s Junior Great North Run, which saw more than 12,000 children race.

Wicks, who turns 40 later this month, said: “It’s all about moving. I’m not here to run fast.”

Boxer Tommy Fury is also taking part. He said his body was “really feeling it” after running a triathlon last weekend. “[I am] just looking to get over the line in one piece to be honest,” he said.

North News Joe Wicks, who has swept back long dark hair, a close cropped dark beard and wearing a short sleeved black t-shirt. He is holding some kind of klaxon and behind him is a red bell hanging from a red stand. North News

Joe Wicks sounded the horn for the start of the Junior Great North Run event

Professionals taking part include Eilish McColgan, who is hoping to follow in her mum’s footsteps with a win.

The elite wheelchair race began at 10:20 BST, followed by elite women at 10:25, the visually impaired race at 10:27 and elite men and masses at 10:50.

Waves for the masses continue until about 12:00, with many taking part in the race to raise money for charities.

The CDC needed a thorough housecleaning to restore trust

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For 715 consecutive days — every single day — I put on full protective gear in the ICU at Houston’s United Memorial Medical Center, fighting COVID-19 on the frontlines. I never took a day off, because when lives hang in the balance, doctors don’t get the luxury of excuses. We act. We fight. We serve.

The Centers for Disease Control and Prevention was created to serve with that same urgency — to protect Americans from infectious disease through science, transparency and rapid response. But what the public got instead during the pandemic was an agency more obsessed with narratives and control than with saving lives.

During the pandemic, the CDC didn’t just make mistakes — it fundamentally betrayed its mission. It manipulated data, censored debate and colluded with Big Tech to silence dissenting physicians. That isn’t science — that’s politics and narrative-control masquerading as public health, and it comes at a dear cost to this nation.

That’s why HHS Secretary Robert F. Kennedy must enact a forceful and immediate, top-to-bottom house cleaning.

Consider just a few of the documented failures.

The CDC released COVID-19 test kits with internally known fundamental defects, contributing to catastrophic delays in detecting the virus.

It shifted guidance back and forth on whether to require masks — not based on any evidence but under political pressure. This helped destroy public trust.

Then there’s the data manipulation — at least 25 documented statistical errors, 80 percent of them exaggerating the severity of the pandemic.

The agency suppressed transparency, refusing to release full vaccine injury data because the public “might misinterpret it.”

It colluded in censorship, training Facebook, X, and Google employees to erase posts from experienced physicians who challenged CDC orthodoxy.

It surveilled U.S. citizens, buying massive location-tracking databases to monitor lockdown compliance.

It also buried risk data, scrubbing evidence of myocarditis risk from the vaccine and overcounting child deaths from the virus. This fueled destructive school closures and unnecessary child masking.

These are not minor missteps. They represent institutional malpractice — an agency actively choosing political control over scientific honesty. It has cost countless lives.

Even as frontline doctors treated wave after wave of patients, the CDC insulated itself behind bureaucratic walls, doubling down on arrogance and ideology. Instead of humbly correcting course, the agency turned inward, obsessed with power and control.

The result? Americans no longer know if they can trust the very institution designed to protect them. Public health depends on trust. Once lost, it is nearly impossible to rebuild.

Again, that’s why Kennedy must take bold action now, at this juncture, to restore integrity. That means purging the political operatives and career bureaucrats who turned the CDC into a fortress of ideology. It means bringing in real doctors —leaders with actual hands-on clinical experience, not detached administrators or partisan activists. It means requiring full, unredacted release of all data — good, bad or inconvenient.

In short, to rebuild trust, Kennedy must make sure the CDC is putting patients and science first, not politics and profit.

The CDC desperately needs leaders who understand their first duty is not to narratives, not to politicians, and not to authority or control, but to the health and well-being of the American people.

The CDC’s failures during the COVID-19 pandemic were not just bureaucratic errors. They were betrayals that cost lives, undermined freedom and shattered trust. Unless we act now, the next public health crisis will expose an even weaker, more distrusted CDC — one that Americans may simply ignore from the outset.

As a doctor who has dedicated my life to saving patients, I will not stand silent. The American people deserve a CDC worthy of its name, that works harder to control diseases than it does to control narratives.

Dr. Joseph Varon is president and Chief Medical Officer of the Independent Medical Alliance. He spent 715 consecutive days in full protective gear, fighting COVID-19 cases as the Chief Medical Officer in charge of the ICU at Houston’s United Memorial Medical Center.

Armani Stuck to the Classics. But His Business Needs a Refresh.

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Armani Stuck to the Classics. But His Business Needs a Refresh.

From London baptism to first millennial saint

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Aleem MaqboolBBC Religion Editor

BBC A boy with dark curly hair in a red polo shit stands, smiling at the camera, with his hands on his hips, in front of a field and hillsBBC

Carlo Acutis will become the first millennial saint

A London-born boy is set to become the first millennial saint, in a ceremony steeped in an ancient ritual presided over by Pope Leo on Sunday.

In his short life, Carlo Acutis created websites documenting “miracles” as a means of spreading Catholic teaching, leading some to nickname him God’s influencer.

His canonisation had been due in late April, but was postponed following the death of Pope Francis.

More than a million people are estimated to have made a pilgrimage to the Italian hilltop town of Assisi where Carlo’s body lies, preserved in wax.

But there is another pilgrimage site associated with Carlo Acutis that has seen an increase in visitors since it was announced that he was to be made a saint – Our Lady of Dolours Church in London.

The font at the back of the Roman Catholic church in the Chelsea area was where Carlo was baptised as a baby in 1991.

To the side of the church an old confession booth has been converted into a shrine to him. In it, a relic holder contains a single strand of Carlo’s hair.

“His family were in finance and they were working really temporarily in London,” says Father Paul Addison, a friar at the church.

“Although they didn’t use the church much, they decided to come and ask to have the child baptised. So Carlo was a flash, a very big flash, in the life of the parish community,” he says.

A friar in a dark cloak stands next holding the lid of a font, between a framed picture of a boy in a red top and a framed baptism certificate

Father Paul Addison shows the font where Carlo was baptised in 1991

Carlo was not yet six months old when his parents moved back to their home country of Italy, and he spent the rest of his life in Milan.

There, he was known for a love of technology and is said to have enjoyed playing video games.

While some who knew Carlo Acutis say he did not appear to be especially devout, as a teenager he did create a website – pages of which are now framed at the church in Chelsea – in which miracles were documented.

A shot of a corridor with pillars and chairs lined up, with the focus of the camera on a series of printed and framed webpages

Pages of Carlo’s website are now framed at Our Lady of Dolours Church in Chelsea

But he died of leukaemia aged just 15.

In the years after his death, Carlo’s mother, Antonia Salzano, visited churches around the world to advocate for him to be a saint.

As part of the process, it had to be proved her son had performed “miracles”.

“The first miracle, he did the day of the funeral,” says Carlo’s mother.

“A woman with breast cancer prayed (for) Carlo and she had to start chemotherapy and the cancer disappeared completely,” she explains.

A woman in brown glasses, a brown coat and orange scarf looks to the side of the camera, stood in front of a hedge

Antonia Salzano has spent years advocating for her son to be made a saint

Pope Francis attributed two miracles to Carlo Acutis and so the test was passed and he was due to be made a saint on 27 April.

But Pope Francis died during the preceding week.

Some followers who had travelled to Rome for the canonisation instead found themselves among the tens of thousands of mourners at the late pontiff’s funeral – Diego Sarkissian, a young Catholic from London, was one of them.

He says he feels a connection to Carlo Acutis and is excited by his canonisation.

“He used to play Super Mario video games on the old Nintendo consoles and I’ve always loved video games,” Mr Sarkissian says.

“The fact that you can think of a saint doing the same things [as you], wearing jeans, it feels so much closer than what other saints have felt like in the past,” he says.

Approval for someone to become a saint can take decades or even centuries, but there is a sense that the Vatican fast-tracked Carlo Acutis’ canonisation as a means of energising and inspiring faith in young people.

The Catholic Church will be hoping Sunday’s events do just that.

March descends on DC against Trump takeover

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Thousands of people descended on the White House during a Saturday march from Malcolm X Park to Lafayette Park in protest of the Trump administration’s crackdown on crime in the nation’s capital. 

Demonstrators entitled the effort “We Are All DC,” representing the potential ripple effects of military force on local citizens, spurred by the president. 

“Today, in defense of the people and communities living under a military take over of DC, we join in sending a clear and peaceful message: the American people will not bow to dictators. We are in solidarity with our neighbors and Black, Brown, immigrant, and other communities targeted. We will march, we will resist, and we will peacefully protest,” Democracy Forward wrote in a statement on X.

Throughout the past several weeks, soldiers have patrolled the streets as federal agents have worked to set up traffic stops with police and detain individuals deemed to be homeless or illegal immigrants. 

“DC communities are joyful, powerful — and we’re under attack,” a statement from “Free DC” read in promotion of the Saturday march.

“Armed National Guard soldiers are carrying guns through our neighborhoods. ICE and FBI agents are profiling, harassing, and violently arresting our neighbors. MPD is going after children just for being outside, and every hour that goes by is an hour when people here are in danger,” it added. 

Large groups of protestors flooded the streets with signs as they chanted quotes of outrage against the current administration. 

“Our nation’s capital is a place people call home—not a militarized zone. We’re demanding an end to Trump’s takeover of DC and calling on Congress to finally give DC the statehood it’s owed,” the League of Conservation Voters wrote on X.

On Friday, Republicans unveiled a series of legislation set to overturn Washington, D.C.’s self-governance by requiring the DC Council to submit all proposed bills to Congress for review. 

GOP lawmakers are also attempting to lower the age of juveniles who are eligible to be tried as adults while ensuring harsher punishments for those defacing federal public property. 

DC Mayor Muriel Bowser (D) also signed a Tuesday order extending partnerships with federal law enforcement agencies to establish a chain of communication between local leaders and national heads. 

City council members opposed the move, as have most local residents who say the increased police presence is unnecessary.

Still, President Trump’s deployment of Washington National Guard troops to patrol the nation’s capital has been extended through December to ensure that service members receive the full scope of benefits for the mission, according to multiple news outlets

Ares Management Expands in Australia with New Infrastructure Fund

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Ares Management Corporation (NYSE:ARES) is one of the best growth stocks to buy for the next 2 years. On August 18, Ares Management Corporation announced the launch of Ares Core Infrastructure Fund/AUT, which is an Australian-domiciled unit trust. The new fund is designed to give wholesale and advised retail clients in Australia access to the Ares Core Infrastructure Fund/ACI, which is a US-regulated business development company.

Ares Management Expands in Australia with New Infrastructure Fund
Ares Management Expands in Australia with New Infrastructure Fund

Since its launch in 2024, ACI has grown to ~A$1.8 billion in assets under management as of July 1 this year. The fund focuses on a portfolio of operating infrastructure assets and is structured to provide enhanced transparency and quarterly liquidity to investors. This is the fourth wealth offering from Ares in Australia and New Zealand.

The company had previously introduced the Ares Private Markets Fund/AUT in December 2024, along with the Ares Global Credit Income Fund and Ares Diversified Credit Fund. Since it entered into the region in 2020, Ares has raised ~A$2.0 billion across its private wealth products.

Ares Management Corporation (NYSE:ARES) is an alternative asset manager in the US, Europe, and Asia.

While we acknowledge the potential of ARES as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.