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Billionaire investor Peter Thiel has $5B in his tax-free retirement account, report finds

Peter Thiel, the luminary venture capitalist billionaire, has used a common personal retirement account as his own “$5 Billion Tax-Free Piggy Bank,” according to a new report from the nonprofit news organization ProPublica. Roth IRAs, which were created in 1997, are meant to serve as an incentive for people to save money now and be …

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Pandemic Dims Retirement Hopes For Blacks, Hispanics, EBRI Finds – InsuranceNewsNet

Blacks and Hispanics have plenty of retirement money concerns. The pandemic set Black and Hispanic Americans further back in their income potential and retirement prospects, further exacerbating an existing retirement disadvantage. Blacks and Hispanics were more likely than whites to experience disruption in employment, according to findings from the 2021 Retirement Confidence Survey, conducted by …

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We have $7 million for retirement but ‘I feel bad about not working’ — should I retire anyway?

Help me retire. I am 59 and working. My 73-year-old husband retired three years ago. We have no debt and we own our home and cars. Our last kid is a senior in college, which is fully paid. I have $2 million in my retirement account and our other retirement savings has another $5 million.  …

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Retirement Confidence Largely Held Up During Pandemic, Says Study

The pandemic has generally not changed retiree confidence in living comfortably through their retirement years, with seven in 10 saying it has had no impact but of the rest, more saying their confidence has decreased vs. those saying it has increased. “Despite the challenges of 2020, retirees continue to report their lifestyle and expenses are …

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HyreCar Announces the Retirement of Scott Brogi and Announces the Appointment of Serge De Bock as Chief Financial Officer

LOS ANGELES–(BUSINESS WIRE)–HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing, food, and package delivery services, today announced the appointment of Serge De Bock, CFA, as Chief Financial Officer. Serge’s appointment follows the retirement of Scott Brogi as the Company’s CFO. Mr. De Bock will begin his tenure as CFO on July 5, 2021. “Scott …

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