News
Detroit Fire Captain retiring after 31 years of service; K9 partner also retiring
1+ week, 2+ day ago (206+ words) DETROIT (WXYZ) " Captain Omar Davidson is retiring after working with the Detroit Fire Department for 31 years, a department spokesperson tells us. Davidson will retire this week, alongside his K-9 officer partner, Campbell. Davidson began his career as a trial firefighter in…...
Community helping 86-year-old Wyandotte woman still working to survive after family losses
1+ mon, 3+ week ago (375+ words) WYANDOTTE, Mich. (WXYZ) " At 86 years old, most people are enjoying retirement, but Elaine Dorland starts every day at 4: 30 a. m. with a cup of coffee before heading to work as a cleaner at her senior living facility in Wyandotte. The community has…...
Many US workers have under $1, 000 saved for retirement, new report finds
2+ mon, 1+ week ago (242+ words) Many working Americans remain unprepared for retirement, according to a new report from the National Institute on Retirement Security. The report found that workers who had money saved in workplace retirement accounts, such as 401(k)s, had a median balance of…...
Meeting your financial goals in the new year
3+ mon, 1+ week ago (47+ words) WXYZ Channel 7 Meeting your financial goals in the new year (WXYZ) " We're just three days into the new year, so many of your resolutions should still be going strong. This includes your financial goals. Happy Holidays from Channel 7!...
88-year-old veteran who became social media sensation receives $1. 7 M check to help him retire
4+ mon, 1+ week ago (405+ words) BRIGHTON, Mich. (WXYZ) " An 88-year-old Army veteran working as a cashier at Meijer in Brighton became a millionaire this week thanks to the kindness of complete strangers from around the world. Ed Bambas' story began to spread after a social…...
IRS provides guidance for new 'Trump accounts': Here's who gets $1, 000
4+ mon, 1+ week ago (248+ words) The Internal Revenue Service announced new guidance involving the so-called Trump accounts, a new type of individual retirement account for eligible children. The IRS said the federal government will provide a $1, 000 contribution into eligible accounts for children born between Jan....
In the Great Resignation, Americans are prioritizing passion over a paycheck
4+ mon, 2+ week ago (762+ words) COLORADO SPRINGS, Colo. " Workers across the country are leaving their jobs in record numbers. The Bureau of Labor Statistics found nearly 40 million Americans quit in 2021. But the question is: where are all these workers going once they quit? Chef Ben…...
More people retired early because of pandemic than expected, many not by choice
5+ mon, 6+ day ago (447+ words) Janine Vanderberg is the director of a Colorado-based initiative called Changing the Narrative, a campaign against age discrimination, something she says has increased during the pandemic. "They were laid off. They were pushed out. They had their hours reduced. They…...
On-Demand financial coaching app offers accessibility to expertise and reasonable rates
8+ mon, 2+ week ago (300+ words) (WXYZ) " According to data from The National Association of Plan Advisors, nearly 70 percent of individuals, because of their level of savings or assessed net worth, are overlooked by traditional financial advisors, as they are not deemed to be as profitable....
Talking taxes: Why do seniors still have to pay taxes?
8+ mon, 4+ week ago (282+ words) The deadline to file taxes is less than a month away. The IRS says more than 63 million people have already filed ahead of the April 15 deadline." This week, Scripps News is taking viewers' questions to the tax experts." One viewer…...