Latest news with #Brenda
Yahoo
6 hours ago
- Business
- Yahoo
I'm 59 and ready to retire ASAP — but I still owe $81K on my mortgage. Do I have to work until it's paid off?
Imagine this scenario: Brenda is 59, single, has no children and is eyeing retirement. The hitch? She still has $81,000 outstanding on her mortgage, so she's wondering if it makes sense to remain in the workforce until it's paid off. If she retires with a mortgage, she'd join a growing share of older Americans who've done so. In 1989, 24% of Americans aged 65 to 79 had a mortgage, home equity loan or home equity line of credit on their primary residence. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) By 2022, that number jumped to 41%, according to a report from the Joint Center for Housing Studies of Harvard University (JCHS). In 2022, homeowners aged 65 to 79 had a median mortgage debt of $110,000 — more than a 400% increase from 1989, according to JCHS. The picture is even more drastic for those over 80, whose median mortgage debt ($79,000) increased more than 750% from 1989 to 2022. So, should Brenda keep working to avoid lingering debt in her later years? Whether or not you choose to pay off your mortgage before retiring often comes down to personal choice, regardless of whether it's the best financial move. For some, the peace of mind that comes from not having a large outstanding debt in retirement outweighs any financial downsides. After all, as long as you're carrying a mortgage, there's always some risk of foreclosure — and if you're out of the workforce, this can be much harder to recover from. The decision isn't clear cut. Since housing costs are lower when you no longer have a mortgage, paying it off may free up cash for other expenses. On the other hand, using a large chunk of your retirement savings to pay off your mortgage may reduce the monthly amount you can draw from in retirement and hurt your cash flow more than having a mortgage payment would. The money you use to pay down the mortgage goes toward your home equity, which isn't easily available for cash flow. Also, taking a large withdrawal from a 401(k) or other tax-deferred plan can raise your tax rate for the year and potentially increase your Medicare Part B premiums. You may want to avoid taking a lump-sum pension payout to pay down the mortgage. If you don't roll the payment directly into an IRA or employer-qualified plan, then it will be taxed as income. Even worse, if you do this before you turn 59 ½, you'll face a 10% early withdrawal tax penalty. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it It may not make sense to pay off your mortgage if your potential investment returns are higher than the interest on your mortgage. In other words, you may not want to pay down a 5% mortgage with money that could be earning 8% if it stays invested, advised Dana Anspach, founder of a financial advisory firm in an interview with U.S. News & World Report. However, 'while it's possible to make more money in the market than paying off your mortgage, it's not guaranteed,' Jay Zigmont, founder of Childfree Wealth in Mount Juliet, Tennessee, told U.S. News. He tells clients to 'look at paying off their mortgage as a tax-free, risk-free return of the interest saved.' But not all advisors agree. 'Paying off the mortgage at retirement is rarely beneficial,' David M. Williams, director of planning services for Wealth Strategies Group, told MassMutual in March. 'Maintaining and managing a mortgage may actually improve retirement cash flow.' For example, if you're able to claim the mortgage interest deduction, the tax break may offer just enough relief without sacrificing your savings or investment growth opportunities. The decision also depends on your individual situation. If you don't have investments and are relying solely on Social Security for income, then it can make sense to work a bit longer and try to pay down the mortgage for your peace of mind and the extra retirement cash flow this could bring. If you're heading for retirement and concerned you can't carry a mortgage after you leave the workforce, then you may want to explore options such as working longer (either to pay it down or build up more savings), working part-time for the first few years of retirement, downsizing your home or even moving to an area with a lower cost of living. You could also explore whether a reverse mortgage might be right for you, but this option also comes with a lot of pros and cons. At 59, Brenda still has several options available to her, but she may want to consult with her financial advisor to determine the best path forward and create an updated plan for retirement. Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Like what you read? Join 200,000+ readers and get the best of Moneywise straight to your inbox every week. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Daily Mirror
9 hours ago
- Entertainment
- Daily Mirror
Vera confirms Brenda Blethyn's unexpected return to screens after exit
Vera star Brenda Blethyn will be making an unexpected return to screens on Sunday night Fans of ITV's hit drama Vera can look forward to a Sunday night treat as Brenda Blethyn makes an unexpected return when the series airs a repeat. The second episode of Vera's twelfth series will be showcased on ITV at 8pm, with viewers set to reunite with Brenda's character, DCI Stanhope, and her right-hand man, Aiden Healy, played by Kenny Doughty. The storyline for this instalment centres on Lance Corporal Conn Burns, who has struggled to adjust to civilian life and ended up destitute on the streets of Newcastle, but who is determined to turn his fortunes around. According to the episode synopsis: "Adapting to civilian life was not easy for Lance Corporal Conn Burns, and after a series of bad life choices, he found himself desolate, down and out on the streets of Newcastle." It continues: "Attempting to get his life back on track, Conn had recently been making moves that would see him repay old debts, rebuild relationships, and get him off the streets," reports Wales Online. As the tale unfolds, DCI Stanhope is brought into the investigation following the shocking discovery of Burns' body, which leads to revelations of secrets from his past and current betrayals. Brenda acknowledged earlier in the year that she was ready to retire her iconic hat and coat for good. While acknowledging how hard it was to step away, Brenda shared her desire to reduce time spent apart from her loved ones. Speaking at a Q&A, she disclosed: "It was a big decision because I love the job, I love the people I was working with, and I know they loved it too, so it was a little bit of an emotional responsibility as well because if I stop, it's going to stop. "I saw on the catering list one day, just on a typical day, there were 76 people, so that's all those people. I console myself with the fact that there's a big studio opening in Sunderland next yea,r so there will be lots of jobs available." She continued: "I was aware that people who would like to continue on it wouldn't be able to and that made me feel sad but as much as I like my Newcastle family, I have a family at home and I hadn't had a summer for 14 years and I thought, 'Bren, go and have a summer. Go home'. So it was a difficult decision." Brenda's exit was not the only one to tug at viewers' heartstrings, as Kenny Doughty announced his own departure from the series in 2023. In the fifth instalment of the ITV drama, Aiden stepped in to fill the shoes left by Vera's original partner, Joe Ashworth (David Leon). Yet, come spring 2023, he shared his "difficult decision" to depart. His heartfelt thanks were shared on Instagram: "I want to thank everyone who's made this amazing time so joyous, ITV, Silverprint, all the brilliant cast and crew BUT of course my buddy and inspiration Brenda Blethyn. The perfect leading star who I owe so much to. I feel lucky to have you as a friend, you make me howl with laughter and have been a rock for me over the years. I can't thank you enough. Precious times." He ended his touching tribute by expressing gratitude to the show's loyal following, saying: "And finally, the Vera fans: without you and your support, I would never have made so many films. You really are the best fans in the world. Thank you so much for your loyalty and love for the show." After Kenny Doughty's exit, David Leon reprised his role as Joe on Vera until the series concluded. Vera airs at 8pm on Sunday on ITV.
Wales Online
10 hours ago
- Entertainment
- Wales Online
Vera's Brenda Blethyn makes unexpected return to screens with co-star
Vera's Brenda Blethyn makes unexpected return to screens with co-star Vera fans were left heartbroken when the ITV series came to an end earlier this year Vera star Brenda Blethyn will unexpectedly return to screens on Sunday night when a repeat of the ITV drama airs. Episode two of series 12 of Vera will be broadcast on ITV at 8pm, and fans will be thrilled to see Brenda as DCI Stanhope and her sidekick Aiden Healy (Kenny Doughty) back on screens. The synopsis for the episode reads: "Adapting to civilian life was not easy for Lance Corporal Conn Burns, and after a series of bad life choices, he found himself desolate, down and out on the streets of Newcastle. "Attempting to get his life back on track, Conn had recently been making moves that would see him repay old debts, rebuild relationships, and get him off the streets. "DCI Stanhope is called in after the body of Burns is discovered, and unearths secrets from his past and betrayal in the present." Kenny Doughty and Brenda Blethyn (Image: ITV ) Article continues below This Morning host fights tears as Grenfell survivor speaks on losing unborn baby READ MORE: Earlier this year, Brenda confirmed she would be hanging up her iconic hat and coat for the final time. While admitting it was a difficult decision, the actress said she wanted to spend less time away from her family. She explained at a Q&A event in London: "It was a big decision because I love the job, I love the people I was working with and I know they loved it too so it was a little bit of an emotional responsibility as well because if I stop, it's going to stop. "I saw on the catering list one day, just on a typical day there were 76 people, so that's all those people. I console myself with the fact that there's a big studio opening in Sunderland next year so there will be lots of jobs available." Vera will return to screens on Sunday (Image: ITV ) She added: "I was aware that people who would like to continue on it wouldn't be able to and that made me feel sad but as much as I like my Newcastle family, I have a family at home and I hadn't had a summer for 14 years and I thought, 'Bren, go and have a summer. Go home'. So it was a difficult decision." Brenda's departure wasn't the only one to leave fans heartbroken, as Kenny Doughty confirmed he was leaving the series in 2023. In the fifth series of the ITV drama, Aiden initially replaced Vera's original sidekick, Joe Ashworth (David Leon). Aiden Healy left Vera in 2023 (Image: ITV ) However, in spring 2023, he confirmed his "difficult decision" to leave. On Instagram, he expressed his gratitude, saying: "I want to thank everyone who's made this amazing time so joyous, ITV, Silverprint, all the brilliant cast and crew BUT of course my buddy and inspiration Brenda Blethyn. The perfect leading star who I owe so much to. I feel lucky to have you as a friend, you make me howl with laughter and have been a rock for me over the years. I can't thank you enough. Precious times." He concluded his heartfelt message with a nod to the show's dedicated audience: "And finally, the Vera fans: without you and your support, I would never have made so many films. You really are the best fans in the world. Thank you so much for your loyalty and love for the show." David Leon returned to Vera following Kenny's departure to play Joe until the series came to an end. Article continues below Vera is available to watch on ITVX.
Business Upturn
21 hours ago
- Business
- Business Upturn
EY US Announces Brenda Chamulak, CEO of TekniPlex, As an Entrepreneur Of The Year® 2025 Greater Philadelphia Award Winner
Wayne, PA, June 19, 2025 (GLOBE NEWSWIRE) — TekniPlex, a global leader of innovative solutions through materials science expertise, is proud to announce that Brenda Chamulak, President and CEO, has been named an Entrepreneur Of The Year® 2025 Greater Philadelphia Award winner by Ernst & Young LLP (EY US). Entrepreneur Of The Year is the preeminent competitive awards program for entrepreneurs and leaders of high-growth companies. Founded in 1986, Entrepreneur Of The Year has celebrated more than 11,000 ambitious visionaries who are leading successful, dynamic businesses in the US, and it has since expanded to nearly 60 countries globally. This prestigious award recognizes unstoppable leaders who demonstrate exceptional vision, innovation, and purpose—transforming industries and creating long-term value through bold leadership. Chamulak was chosen by an independent panel of past winners, top CEOs and business leaders. Judges assessed candidates on long-term value creation, entrepreneurial spirit, purpose-driven commitment, and significant growth and impact. 'It's an honor to receive this recognition from EY,' said Chamulak. 'This award is a reflection of the incredible work our teams are doing around the world—collaborating, innovating, and pushing boundaries to serve our customers and communities. I'm proud to share this recognition with the entire TekniPlex team.' Under Brenda's leadership, TekniPlex has accelerated its transformation into a global materials science leader, expanding its healthcare and consumer products solutions to serve critical markets and improve everyday life. With a focus on sustainability, innovation, and operational excellence, Brenda has helped guide the company through significant growth and investment in advanced manufacturing across the Americas, Europe, and Asia. As a Greater Philadelphia winner, Brenda joins a global network of leading entrepreneurs and will advance to the national Entrepreneur Of The Year® competition. National finalists and winners will be recognized at the Strategic Growth Forum®, taking place November 12–15, 2025, in Palm Springs, CA. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2026. Entrepreneur Of the Year recognizes many different types of business leaders for their ingenuity, courage and entrepreneurial spirit. The program has recognized leadership of entrepreneurs such as: Howard Shultz of Starbucks Company Reed Hoffman and Jeff Weiner of LinkedIn Arthur Blank of The Home Depot Sponsors Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, Cresa LLC, Marsh USA, and SAP. In Greater Philadelphia, sponsors also include Donnelley Financial Solutions (DFIN), ADP, SolomonEdwards Group, and DLA Piper. # # # About TekniPlex TekniPlex is a globally integrated company that provides innovative solutions through materials science and manufacturing technologies. A global leader in the healthcare and consumer products markets, TekniPlex provides medical device components and a multitude of materials science solutions that lead to a healthier and more sustainable world. Its solutions are found in some of the most well-known names in the healthcare, pharmaceutical, personal care, household, and food & beverage markets. Headquartered in Wayne, PA, TekniPlex employs 9,000 team members throughout its operations in Belgium, Brazil, Canada, China, Colombia, Costa Rica, Germany, India, Italy, Mexico, Northern Ireland, Slovakia and the United States. For more information visit About EY EY is building a better working world by creating long-term value for clients, people, and the planet while helping build trust in capital markets. By leveraging data, artificial intelligence, and advanced technologies, EY teams help organizations confidently navigate today's challenges and prepare for the future. Across more than 150 countries, EY delivers a wide range of services such as assurance, consulting, tax, strategy, and transactions. While being globally connected, multi-disciplinary teams, combined with deep sector knowledge and an extensive group of partners, EY is able to provide impactful solutions. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information, visit Contact Info Natalia Rivera [email protected] +1 480-395-3130 Attachments Brenda Chamulak, President and CEO of TekniPlex EOY25 Winner Logo Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Globe and Mail
2 days ago
- Business
- Globe and Mail
John De Goey is questioning long-held beliefs within the financial services industry
In the first episode of season two, Brenda speaks with John De Goey, a well-known advisor and author who isn't afraid to question industry norms. John's bold ideas and critical perspective have set him apart from most of his peers in the financial services world. With books like 'The Professional Financial Advisor' and 'Stand Up to the Financial Services Industry,' he pushes for changes that better serve investors. John talks about his upbringing on a southwestern Ontario farm, explains why he thinks advisors paint an overly optimistic picture of the market, and outlines what red flags to look out for when choosing your advisor.
