Strike shuts down mine
CN strike prompts potash mine shutdown, 550 layoffs Nutrien Ltd. says it is temporarily shutting down its largest potash mine because of the strike at Canadian National Railway Co., resulting in some 550 short-term layoffs at the fertilizer giant. Nutrien chief executive Chuck Magro says workers received notices today alerting them that the mine in […]
Max 8 software ‘has to go’
Transport Canada says suspect Max 8 software must go A Transport Canada official is urging global aviation regulators not to let Boeing’s 737 Max 8 aircraft fly again until the company removes anti-stall software that has been tied to two crashes that killed 346 people. The federal department has confirmed the authenticity of an email […]
Money expert: The No. 1 mistake young people make when saving for retirement
The biggest mistake young people make when saving for retirement isn’t choosing the wrong account or contributing less than the idealized 10 to 15%. It’s having the mindset that they can’t afford to save for the future at all, says Farnoosh Torabi, personal finance author and host of the “So Money” podcast. It’s the mentality […]
States embrace nudge theory to promote retirement savings
A new government program that takes money out of people’s paychecks is gaining interest in state legislatures across the country — in part because it is wildly popular with voters. Oregon, Illinois and California have launched initiatives to create retirement savings accounts for residents whose employers do not offer company-sponsored programs. In those states, tens […]
Nearly half of American workers have tapped into their retirement early
There’s no exact science to prepare for retirement. Most advisors will suggest you save at least 10% of your pre-tax income, but if all else fails, “something is better than nothing” tends to be the preferred thinking. While there’s no set rule to build your golden nest egg, Bankrate’s latest study found that 52% of […]
Is early retirement hazardous to your health?
Is early retirement bad for you? While that’s a crucial question all of us face, it takes on a special urgency for adherents of the Financial Independence/Retire Early (FIRE) movement. After all, if retirement is bad for our health, then we ought to postpone it as long as possible. Several recent studies are shedding new […]