Swebor and Canadian Firm Strike Deal to Make Ballistic-Grade Steel
The companies signed a partnership agreement in Sweden during a visit by Canadian Industry Minister Melanie Joly, who's trying to attract investment in tariff-hit sectors and build up the country's defense industrial base.
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Social Security's Future: 5 Backup Income Sources Every Retiree Should Consider
Potential cuts to Social Security benefits understandably concerns many retirees. Social Security often comprises a significant portion of income for its near 58 million recipients, according to the Social Security Administration (SSA). A reported insolvency in seven years may create growing unease for those depending on monthly benefits. Be Aware: Check Out: Dual-earning couples may see an $18,100 annual reduction in benefits, according to the Committee for a Responsible Federal Budget (CRFB). Amounts can vary depending on specific circumstances. Taking prudent action now can help provide income to offset any loss in benefits. Before considering any backup income source, retirees should consult with a trusted financial advisor to create a plan. Retirement Accounts IRAs and 401(k) accounts are popular retirement planning tools for many Americans. Roughly 54% of Americans had such accounts in 2022, according to Wisely tapping these accounts can be a good way to complement a reduction in benefits. 'If you have 401(k)s, IRAs or other retirement accounts, it is time to make a plan to access them if your Social Security benefits get squeezed. The challenge is to set up a withdrawal and tax plan that maximizes the income you can get from your retirement accounts across the rest of your life,' said Jay Zigmont, PhD, certified financial planner (CFP) and founder at Childfree Trust. Speaking with an advisor can help seniors create a withdrawal plan. Consider This: An Annuity Annuities often get a bad rap, thanks to fees and other potential charges. While not for everyone, an annuity can be a good fit for some retirees. Fixed annuities commonly have reduced points of entry, making them easier for seniors to purchase. 'One of the most reliable ways to create backup income in retirement is through fixed indexed annuities with guaranteed income riders,' noted Matt Eilers, CEO and Founder of Medalist Wealth Management. 'These income sources grow based on the performance of a stock index, like the S&P 500, but the principal is protected against market volatility, and the income riders guarantee a predictable income payment through retirement.' A Part-Time Job Having a part-time job in retirement may not be desirable, but it can be a good way to supplement Social Security payments. Retirees can earn up to $62,160, as of 2025, before benefits are reduced, according to the SSA. Working a side gig may be attractive, but Zigmont advises seniors to look elsewhere for work. 'While gig work, like driving for Uber, may be popular, it is unpredictable and comes with other costs. Part-time jobs are probably the best bet, as you don't need the benefits,' said Zigmont. Dividend-Paying Stocks Investing in dividend-paying stocks has long been a way for retirees to earn income. Americans can house such investments in both retirement and non-retirement accounts. Holding them in the latter can provide cash flow, and lower-income retirees may face 0% federal tax on them, if they're classified as qualified dividends, according to Fidelity. This strategy poses some risk of placing you in a higher tax bracket and potentially losing the tax deferral benefits found in retirement accounts. Speak with an advisor to identify if this is an option for you. Use Your Home For many Americans, their home is their most valuable asset. If you can downsize, it can free up cash. For example, if your current home is paid off and worth $350,000, and you move to a $200,000 home, that's $150,000 in cash you can claim, before fees tied to selling the house. Such an amount could offset a reduction in benefits. A reverse mortgage is another possibility, but it may not be worth the risks and fees associated with such an action. A reduction in Social Security benefits can cause grave concern for many seniors. Pairing the right backup income source with reduced spending can help mitigate the financial impact. More From GOBankingRates 5 Ways Trump Signing the GENIUS Act Could Impact Retirees7 Luxury SUVs That Will Become Affordable in 2025 This article originally appeared on Social Security's Future: 5 Backup Income Sources Every Retiree Should Consider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Home Depot misses quarterly estimates on muted demand
(Reuters) -Home Depot missed analysts' estimates for second-quarter sales and profit on Tuesday, as price-conscious homeowners reined in spending on large-scale home renovations and focused on do-it-yourself projects. Shares of the top U.S. home-improvement chain fell 2% to $388.37 in premarket trading. Home Depot's results kick off a busy earnings week for big-box retailers, including Walmart and Target, offering early clues on U.S. consumer spending and how these companies are navigating the turbulence of Trump's tariff policies. Home Depot and rival Lowe's are grappling with soft demand as higher mortgage rates discourage home purchases. As homeowners opt to stay put longer, spending has shifted toward smaller repair projects and maintenance, dampening sales of big-ticket renovation products. For instance, demand for kitchen and bath remodels has weakened, as those projects typically rely on financing that has become pricier. Visits to the home improvement chain were down 2.2% in the second quarter, after a 3.9% drop in the first quarter, according to foot traffic data from firm The company posted net sales of $45.28 billion for the quarter ended August 3, compared to analysts' estimate of $45.36 billion, according to data compiled by LSEG. Its adjusted profit came in at $4.68 per share, below expectations of $4.71. Sign in to access your portfolio
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Need to Supplement Your Retirement Income? Buy This Extremely Safe, High-Yielding Dividend Stock.
Key Points Realty Income owns a high-quality portfolio of income-generating real estate. The REIT has a strong financial profile. It has delivered reliable and resilient growth that should continue. 10 stocks we like better than Realty Income › Many retirees face a shortfall between their Social Security benefits, savings, and actual income needs. One study found this gap to be as high as 33% for the average U.S. household. As a result, current and future retirees must find additional income sources to live comfortably. Realty Income (NYSE: O) is an excellent choice for those seeking additional income. The real estate investment trust (REIT) owns a reliable and high-quality real estate portfolio that generates stable rental income. This enables the REIT to pay a steadily rising monthly dividend currently yielding 5.5%. Here's why Realty Income is a safe way to supplement your retirement income. A high-quality portfolio Realty Income's foundation is its high-quality real estate portfolio. The REIT owns over 15,600 properties in the U.S. and parts of Europe. Its portfolio includes retail (approximately 80% of its rent), industrial (15%), gaming (3%), and other properties, such as data centers (2%), net leased to over 1,600 tenants across 90+ industries. About 90% of rent comes from tenants in recession-resistant industries and those less affected by e-commerce, such as grocery stores, home improvement centers, and convenience stores. The company invests in properties secured by long-term net leases that provide predictable rental income because tenants cover all property operating costs, including routine maintenance, real estate taxes, and building insurance. Most leases raise rents at a low single-digit rate each year. As a result, Realty Income's existing portfolio delivers steadily rising rental income. A fortress financial profile Realty Income pairs its strong real estate portfolio with a robust financial profile. The REIT pays about 75% of its adjusted funds from operations (FFO) in dividends each year. This cushion will enable it to retain over $750 million of excess free cash flow in 2025 to fund new investments. The company also has a strong A3/A- bond rating (its credit rating is in the top 10 within the REIT sector) backed by a low leverage ratio, and it has ample liquidity. This financial strength enhances Realty Income's ability to continue expanding its real estate portfolio. Resilient and consistent growth Realty Income's portfolio has demonstrated its durability over the decades. Since completing its public market listing in 1994, the REIT had only one year (2009) when it failed to grow its adjusted FFO per share. Overall, it has grown adjusted FFO per share at a more than 5% compound annual rate. The company's growth and financial strength have enabled it to raise its dividend every single year since its public market listing. Realty Income has increased its payout 131 times, including the last 111 quarters. It has grown the payout at a 4.2% compound annual rate since it went public. That steady growth is likely to continue. Realty Income's financial strength gives it the capacity to invest in more income-generating real estate. There is a $14 trillion potential market opportunity to invest in net lease properties in the U.S. and Europe. That provides the REIT with a very long growth runway. It has been steadily enhancing its growth prospects by investing in additional property classes (data centers and gaming), more countries in Europe, and through new investment platforms (credit and private capital). A great way to supplement your retirement income Realty Income's portfolio generates reliable rental income to support its high-yielding monthly dividend. Its strong financial profile further supports the dividend and its continued expansion. These features make Realty Income an exceptionally safe choice for those seeking to supplement their retirement income. Should you buy stock in Realty Income right now? Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Realty Income wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Matt DiLallo has positions in Realty Income. The Motley Fool has positions in and recommends Realty Income. The Motley Fool has a disclosure policy. Need to Supplement Your Retirement Income? Buy This Extremely Safe, High-Yielding Dividend Stock. was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
