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Liz Weston: You’ll probably live longer than you think

Published Tue, 19 Nov 2024 04:36:47 GMT

Women often don’t score as well as men in surveys of financial literacy. One area where we seem to do better is “longevity literacy,” or understanding how long we’re likely to live.Longevity literacy is essential to smart retirement planning. Overestimate your longevity, and you could retire too late or scrimp too much. Underestimate it and you could run short of money.In a recent TIAA Institute study, 43% of women correctly estimated the life expectancy of 60-year-old women in the U.S. (The right answer was 85.) Only 32% of men chose the correct answer for the life expectancy for 60-year-old men, which was 82. Men also were far more likely than women to underestimate life expectancy — and that’s a huge potential problem for both sexes.A man who expects to die in his 70s might draw too much from retirement funds or start Social Security too early. That could leave him — and the spouse who may outlive him — with too little income later on.“A lot of people do OK in their first 10 year...

Man charged after double fatal car crash that killed teen couple in Hoffman Estates

Published Tue, 19 Nov 2024 04:36:47 GMT

HOFFMAN ESTATES, Ill. — An Elgin man was charged Sunday, one day after a car crash in Hoffman Estates that killed a teen couple who had just graduated from Schaumburg High School.Deni Rubi, 32, from Elgin, Ill. (Courtesy: Hoffman Estates PD)Deni Rubio, a 32-year-old Elgin resident, was charged with five felony counts, according to the Cook County State's Attorneys Office. Rubio was charged with two counts of aggravated DUI resulting in the death of another person, two counts of reckless homicide, and one count of trying to disarm a peace officer.On Saturday, the Cook County Medical Examiner's Office identified the teen couple as 18-year-olds Amelia Mazeikis and D’Shaun “DJ” Tudela, who had graduated from Schaumburg High School in May.Amelia Mazeikis and D'Shaun Tudela at their high school graduation in May.According to family, the two had been dating for three years and Amelia was driving D'Shaun to work at the time of the crash. PREVIOUS COVERAGE: Cook County ME ID’s teen couple ...

Migrants move to Daley College further delayed

Published Tue, 19 Nov 2024 04:36:47 GMT

CHICAGO -- Two delays in two days and migrants are still unsure about what is next for their expected move to Daley College. Mayor Brandon Johnson said the decision was made with careful consideration of the impact the move would have on the families staying at the YMCA in West Ridge. The families have been staying at the location at Touhy Avenue and Western since last fall. Reports say many children have been attending schools and their parents said they have made connections and that moving across the city would be disruptive. Aurora Pride Parade takes place after preliminary injunction in US District Court The city originally planned to move the families to Daley College on the Southwest Side last week. The Johnson administration announced the move would move to Sunday. When announcing the second delay, the Mayor said it would provide more time for planning and to consider possible alternatives to Daley College. This weekend, the city plans to use the college as a shelter unti...

Monday Forecast: Mostly sunny and low 70s

Published Tue, 19 Nov 2024 04:36:47 GMT

Monday: Mostly sunny, NNW 10-15 G20, isolated late day shower. High: 71Monday Night: Mostly cloudy, chance for rain & storms, W 10-15 G25. Low: 617-Day Forecast | Chicago, Illinois | WGN TVTuesday: Mostly cloudy, showers and storms, W 10-15 G30. High: 67wgntv.com/weather

Here's how billions in COVID relief funds were stolen or wasted

Published Tue, 19 Nov 2024 04:36:47 GMT

WASHINGTON (AP) — Much of the theft was brazen, even simple.Fraudsters used the Social Security numbers of dead people and federal prisoners to get unemployment checks. Cheaters collected those benefits in multiple states. And federal loan applicants weren’t cross-checked against a Treasury Department database that would have raised red flags about sketchy borrowers.Criminals and gangs grabbed the money. But so did a U.S. soldier in Georgia, the pastors of a defunct church in Texas, a former state lawmaker in Missouri and a roofing contractor in Montana.All of it led to the greatest grift in U.S. history, with thieves plundering billions of dollars in federal COVID-19 relief aid intended to combat the worst pandemic in a century and to stabilize an economy in free fall.An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding; another $123 billion was wasted or misspent. Combined, the loss represents 10% of the $...

George Soros passes control of his foundation to his son Alex

Published Tue, 19 Nov 2024 04:36:47 GMT

(The Hill) - American billionaire philanthropist and investor George Soros has passed control of his foundation, Open Society Foundations (OSF), to his son Alex. A foundation spokesperson confirmed the news to the Wall Street Journal on Sunday. In an interview, Alex, 37, told the Journal that he’s “more political” than his father, adding that he was concerned about former President Trump’s 2024 presidential campaign, suggesting that his organization might have to play a significant financial role in the 2024 election. “As much as I would love to get money out of politics, as long as the other side is doing it, we will have to do it, too,” the younger Soros added. In a separate interview, Soros, via a spokesperson, told the Financial Times that the organization plans to double down on defending voting rights and personal freedom at home and supporting the cause of democracy abroad.A source told the Journal that Soros’ priorities in U.S. politics will remain unchanged w...

Brutal heat worsens through the week

Published Tue, 19 Nov 2024 04:36:47 GMT

AUSTIN (KXAN) -- Brace yourself.... this week's heat will get worse before it gets better. (And the "better" might be quite awhile from now.)Afternoon highs will climb towards the century mark this afternoon, and with the addition of humidity, will bring 'feels like' temperatures up to 105° in some areas.Dangerous heat index values Monday afternoonLater this evening, a few strong storms will make a run at our northern counties. Most of these storms will stay north of our area, but those storms that have enough strength to hold together will have the potential to bring large hail and strong winds.Isolated storms possible late Monday, mainly north of AustinMarginal to slight risk (1-2 out of 5) of severe storms Monday eveningAs high pressure builds over the region, temperatures will continue to climb. High temperatures will soar well above average each day, surpassing 100° each afternoon. With temperatures expected to reach 104°-105° late week into the weekend, expect heat index value...

98.3 TRY Social Dilemma: Separate Vacations

Published Tue, 19 Nov 2024 04:36:47 GMT

ALBANY, N.Y. (NEWS10) -- Today's TRY social dilemma is about separate vacations. This is what the anonymous sender had to say: Get the latest, news, weather, sports and community events delivered right to your inbox!  Hi Jaime. I’m not sure how I feel about a double standard that’s happening in my home.  My wife got some exciting news.  She’s been invited on a two week girls trip to Hawaii with her friends.   That’s great.   But when I said I would take the opportunity to go to vegas with my best friend who’s never been, she said no way. What’s the difference here?AnonymousWhat do you think?

5 things to know this Monday, June 12

Published Tue, 19 Nov 2024 04:36:47 GMT

ALBANY, N.Y. (NEWS10) -- Happy Monday! According to Meteorologist Jill Szwed, we should expect warm and muggy conditions early on, followed by a few potential evening storms, however nothing severe. Get the latest, news, weather, sports and community events delivered right to your inbox! After the Philip Schuyler statue was removed from in front of Albany City Hall, a time capsule was discovered underneath where the statue stood. Meanwhile, thousands lost power in Rensselaer County following a mass power outage in multiple towns. These stories, and more, are covered in your five things to know this Monday morning. 1. Time capsule found at Albany City HallA time capsule was discovered on June 10 at City Hall in Albany. The removal of the Philip Schuyler statue earlier that day led to the capsule being unearthed.2. Philip Schuyler statue removed from Albany City HallThe statue of General Philip Schuyler that stood in front of Albany City Hall for nearly a century is gone....

Janae Edmondson set to have another surgery today

Published Tue, 19 Nov 2024 04:36:47 GMT

ST. LOUIS - A teen recovering from a devastating injury that almost took her life is making strides in her recovery.Janae Edmondson lost her legs in a downtown St. Louis crash earlier this year. She's scheduled to have another surgery Monday. Her mom posting her GoFundMe page is an important step toward getting her prosthetics, so she can walk again. Monday is also Janae's 18th birthday.Her mom shared that Janae really didn't want to have this surgery on her birthday, but she would have to wait 3 weeks before they could schedule it if she didn't do it on her Monday. So she's having the procedure Monday instead of waiting. Janae Edmondson set to have another surgery today Her mom saying - "This girl is made different and really wants to walk soon."Janae was in town from Tennessee for a volleyball tournament back in February when she got hit by a car at the 11th and St. Charles Streets downtown. She was walking back to her hotel with her family when police said Daniel Riley failed t...