Retirement could come sooner than you think — how to plan for it

By Kate Ashford | NerdWallet The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. American workers expect to retire at a median age of 65, according to a 2023 survey from the Employee Benefit Research Institute (EBRI). But the actual median age for retirement is 62, the survey found. That may not seem like a big gap, but if you retire three years earlier than planned, that’s three fewer years of savings and three more years of retirement to fund. This could happen for all sorts of reasons: You (or your partner or your parents) could get sick or disabled, there could be changes at your company, or you could simply burn out on the job. Forty-six percent of retirees exit the workforce sooner than they had planned, according to the EBRI survey, and of those, 35% say they did so due to a hardship (like health issues or disability). Liz Windisch, a certified financial planner

FTC chief says tech advancements risk health care price fixing

Julie Rovner, David Hilzenrath | (TNS) KFF Health News New technologies are making it easier for companies to fix prices and discriminate against individual consumers, the Biden administration’s top consumer watchdog said Tuesday. Algorithms make it possible for companies to fix prices without explicitly coordinating with one another, posing a new test for regulators policing the market, said Lina Khan, chair of the Federal Trade Commission, during a media event hosted by KFF. “I think we could be entering a somewhat novel era of pricing,” Khan told reporters. Khan is regarded as one of the most aggressive antitrust regulators in recent U.S. history, and she has paid particular attention to the harm that technological advances can pose to consumers. Antitrust regulators at the FTC and the Justice Department set a record for merger challenges in the fiscal year that ended Sept. 30, 2022, according to Bloomberg News. Last year, the FTC successfully blocked biotech company Illumina’s over $7 billion acquisition of cancer-screening company Grail. The FTC, Justice Department, and Health and Human Services Department launched a website on April 18, healthycompetition.gov, to make it easier for people to report suspected

Horse-riding apes spotted in Bay Area to promote upcoming film, ‘Kingdom of the Planet of the Apes’

WEATHER ALERT High Wind Warning WATCH LIVE Welcome, Manage MyDisney Account Log Out Thursday, April 25, 2024 5:26PM Horse-riding apes invaded San Francisco’s Crissy Field Wednesday to promote the upcoming film “Kingdom of the Planet of the Apes.” SAN FRANCISCO — Horse-riding apes invaded California’s Bay Area on Wednesday. Well, not really, they were actors doing a promo shoot for the upcoming film, “Kingdom of the Planet of the Apes.” The movie is set 300 years after the events of “War for the Planet of the Apes,” which was released in 2017. One man vacationing here from India, got an up-close look and couldn’t believe how realistic the apes looked. “They even have their eyelids moving, which was something I didn’t expect, because usually in a mask you wouldn’t expect eyelids to move, right? It was quite a nice experience,” said Sankalp Bangera. The film is being distributed by Disney 20th Century Fox which is the parent company of ABC7. It hits theaters on May 10. Disney is the parent company of 20th Century Studios and this station. Copyright © 2024 KGO-TV. All Rights Reserved.

Lisa Vanderpump talks ‘Vanderpump Villa,’ writing a book and those ‘RHOBH’ rumors

LOS ANGELES — Lisa Vanderpump is a VERY busy woman. On top of opening numerous restaurants with more in the works, she is on three different TV shows. But she took some time to sit down with George Pennacchio to talk about it all, starting with her show, “Vanderpump Villa.” It follows the decadence and debauchery in the lives of the staff at Vanderpump’s Chateau Rosabelle in France. “It’s one of the kind of fantastic experiences about going to Europe, you just become overwhelmed with the beauty of the cities,” Vanderpump said. “Then you put a whole lot of naughtiness right in the middle of the French countryside and poof! There you have it.” “We were actually looking for people who had good personalities,who weren’t going to be shy in front of the camera, but we were looking for people who were really good at their jobs,” Vanderpump continued. “They all had to be qualified, which they were. Did they choose to always work? Not always.” Lisa recalled her own youth, explaining to George that, for the most part, she was nothing like her Chateau

SCOTUS seems skeptical of Trump’s claim of absolute immunity but decision’s timing is unclear

WASHINGTON — The Supreme Court on Thursday appeared likely to reject former President Donald Trump’s claim of absolute immunity from prosecution over election interference, but it seemed possible Trump could still benefit from a lengthy trial delay, possibly beyond November’s election. Chief Justice John Roberts was among at least five members of the court who did not appear to embrace the claim of absolute immunity that would stop special counsel Jack Smith’s prosecution of Trump on charges he conspired to overturn his 2020 election loss to Democrat Joe Biden. But in arguments lasting more than 2 1/2 hours in the court’s first consideration of criminal charges against a former president, Roberts also was among several justices who suggested that the case might have to be sent back to lower courts before any trial could begin. Roberts indicated he was unhappy with the reasoning adopted by the federal appeals court that ruled against Trump. The timing of the Supreme Court’s decision could be as important as the outcome. Trump, the presumptive 2024 Republican presidential nominee, has been pushing to delay the trial until after the election

New York appeals court overturns Harvey Weinstein’s 2020 rape conviction

NEW YORK — The rape conviction of movie producer Harvey Weinstein has been overturned by New York’s highest court. The New York Court of Appeals, in a scathing 4-3 opinion, overturned Weinstein’s conviction on sex crimes against three women, finding the trial judge “erroneously admitted testimony of uncharged, alleged prior sexual acts against persons other than the complainants of the underlying crimes.” The court said that testimony “served no material non-propensity purpose” and “portrayed defendant in a highly prejudicial light.” The Weinstein team, which was eagerly awaiting a ruling, was not expecting it to be in Weinstein’s favor after a succession of rulings in different courts all went against Weinstein. Robert Boyce, ABC News Contributor, explains what happens next from a legal standpoint. Weinstein was also convicted of sex offenses in Los Angeles and sentenced to 16 years in prison there. Because Weinstein is already convicted in California, he will not be released, but instead transferred to the custody of prison authorities in California. Weinstein, 72, was a well-known, powerful man within the entertainment industry and prosecutors said he abused his power to take advantage

FTC refunds over $5 million to Ring users

According to a notice, the FTC is sending 117,044 PayPal payments to impacted consumers who had certain types of Ring devices. By WYATTE GRANTHAM-PHILIPS Thursday, April 25, 2024 4:46PM It comes from a settlement with Ring over charges the company allowed employees and contractors to access cameras. NEW YORK — The Federal Trade Commission is sending more than $5.6 million in refunds to consumers as part of a settlement with Amazon-owned Ring, which was charged with failing to protect private video footage from outside access. In a 2023 complaint, the FTC accused the doorbell camera and home security provider of allowing its employees and contractors to access customers’ private videos. Ring allegedly used such footage to train algorithms without consent, among other purposes. Ring was also charged with failing to implement key security protections, which enabled hackers to take control of customers’ accounts, cameras and videos. This led to “egregious violations of users’ privacy,” the FTC noted. The resulting settlement required Ring to delete content that was found to be unlawfully obtained, establish stronger security protections and pay a hefty fine. The FTC says that

Bad news for California renters: New apartment plans drop to 10-year low

The hopes of California tenants that a wave of apartment construction might provide more rent relief may be fizzling in early 2024. Construction plans for multifamily housing plunged to a 10-year low, my trusty spreadsheet found after peeking at quarterly California building permit patterns from the Census Bureau complied by the St. Louis Fed. Multifamily housing is primarily apartments plus certain ownership condos or townhomes. California permits approved for multifamily housing in the first quarter fell 22% below 2023’s start to 8,972 units in this year’s first three months. That’s the slowest quarter for multifamily plans since the start of 2014. California developers cooled their building plans as interest rates soared, the economy slowed and folks no longer felt the pandemic-fueled need for larger living spaces. And let’s not forget that California rents have flattened as vacancies increased. No amount of legislation or nudging will get developers to build when economic conditions aren’t near-perfect. Sadly, the year’s slow start contrasts sharply with a previously swift pace of multifamily housing construction in California. The first quarter’s permitting ran 32% below the 2021-23 pace. In those three

Ariel Henry resigns as prime minister of Haiti, paving the way for a new government to take power

By DANICA COTO (Associated Press) PORT-AU-PRINCE, Haiti (AP) — Ariel Henry resigned Thursday as prime minister of Haiti, leaving the way clear for a new government to be formed in the Caribbean country, which has been wracked by gang violence that killed or injured more than 2,500 people from January to March. Henry presented his resignation in a letter signed in Los Angeles, dated April 24, and released on Thursday by his office on the same day that a council tasked with choosing a new prime minister and Cabinet for Haiti was sworn in. Henry’s remaining Cabinet meanwhile chose Economy and Finance Minister Michel Patrick Boisvert as the interim prime minister. It was not immediately clear when the transitional council would select its own interim prime minister. The council was installed more than a month after Caribbean leaders announced its creation following an emergency meeting to tackle Haiti’s spiraling crisis. Henry had pledged to resign once the council is installed. The nine-member council, of which seven have voting powers, is also expected to help set the agenda of a new Cabinet. It will also appoint

A ‘boring’ no-frills NFL Draft would be to the 49ers’ advantage

SANTA CLARA — It isn’t necessarily a bad thing Thursday night if the 49ers end up taking someone only serious draft geeks have heard of at No. 31 of the NFL Draft or trading out of the first round altogether and doing their serious work on Friday and Saturday. Taking the big swing hasn’t been a strength since coach Kyle Shanahan and general manager John Lynch arrived in 2017, with some of their biggest roster additions coming from selections that brought blank stares. The real drama will involve wide receiver Brandon Aiyuk, a former first-round pick himself who may or may not have priced himself out of the 49ers’ immediate future. The 49ers were faced with a similar dilemma once before in 2020, and they made the decision to trade defensive lineman DeForest Buckner to Indianapolis and then draft his replacement in Javon Kinlaw. Buckner has remained a mainstay with the Colts. Kinlaw, taken at No. 14, never ascended to his draft status mostly because of knee trouble and signed this offseason with the New York Jets after four seasons, with the 49ers declining his