Latest news with #KevinMarshall
Yahoo
30-05-2025
- Business
- Yahoo
Here's the Minimum Net Worth Considered To Be Middle Class in Your 70s
Wondering if your nest egg stacks up with the average retiree? As we age, the idea of 'middle class' starts to look a little different — especially in our 70s, when income often shifts from paychecks to pensions, savings and Social Security. According to retirement-plan provider Fidelity Investments, people should have the equivalent of 10 times their income put aside by age 67 to have a comfortable retirement. Trending Now: Explore More: 'When you're in your 70s, being 'middle class' isn't just about how much income you bring in each month — it's about whether your total financial picture allows you to live comfortably without worrying about running out of money,' Kevin Marshall, certified public accountant (CPA), tax and personal finance expert, and senior contributor at Amortization Calculator. If you're curious where you stand, here's a look at the minimum net worth typically considered 'middle class' for folks in their 70s. According to Kevin Huffman, owner of Kriminil Trading, the amount of money you'll need to sustain a middle-class lifestyle in your 70s in 2025 will vary significantly based on where you live, what your health costs look like and what kind of lifestyle you want to enjoy. But as a rough guideline, he said we're looking at something from $500,000 to $1.5 million for most retirees. Find Out: Huffman noted that while someone in a mid-cost city such as Denver may need about $750,000 to cover just the basics: Healthcare premiums ($7,000 per year), groceries, utilities, and occasional trips. Those in high-cost areas, such as San Francisco, could end up needing $1.2 million or more, with inflated living expenses. 'The typical 70-year-old couple needs, at a minimum, $55,000 to $65,000 per year post-retirement, not including long-term care,' Huffman added. According to Huffman, those in their 70s with $300,000 in savings following a mortgage payoff and who have Social Security/pension income of $40,000 per year can frequently manage to eke out a middle-class lifestyle without much suffering. The trick, he explained, is to maintain enough liquid financial assets, in the low seven figures, while also ensuring you have a guaranteed income stream enough to outpace inflation. Sound planning like downsizing or annuitizing part of your savings could stretch your net worth even further. More From GOBankingRates 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth This article originally appeared on Here's the Minimum Net Worth Considered To Be Middle Class in Your 70s 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
Hamilton Spectator
27-05-2025
- Sport
- Hamilton Spectator
St. Anne's girls capture A-pool title at Tilbury Titans soccer tournament
The 11th annual Tilbury Titans Soccer Tournament wrapped up in May with high-energy play, sportsmanship and fierce competition from high school teams across southwestern Ontario, including Windsor, London, Chatham and Sarnia. Hosted by Tilbury District High School, the long-running event has become a spring tradition, drawing top soccer talent to the community and giving young athletes a chance to compete at a high level. The 2025 tournament was no exception, with dozens of teams vying for titles in multiple pools. Among this year's standout performances was the senior girls' team from St. Anne Catholic High School in Lakeshore, which captured the A-pool championship. The team successfully defended its title for a second consecutive year, with support from four junior players called up for the tournament. 'Congratulations to the senior girls' soccer team (and four members of the junior team) in defending their title at the annual Tilbury Titan Cup,' the school shared in a post following the win. Parents and supporters packed the sidelines throughout the event, creating a festival-like atmosphere despite rainy weather during early matches. 'It's such a fantastic event,' said Megan Drouillard, a parent from Comber. 'You can really see how hard these girls work, and the sportsmanship from all the teams was impressive.' 'We've been coming to this tournament for years, and it just keeps getting better,' added Kevin Marshall, a parent from Chatham-Kent. 'It's well organized and a great showcase for high school talent.' Organizers say the tournament not only promotes healthy competition but also helps foster strong community ties through sport. As the tournament continues to grow, schools and families alike look forward to returning each year. St. Anne's championship win is expected to give the team momentum heading into the WECSSAA playoffs later this spring. With experienced leadership and a rising crop of junior players already making an impact, the Titans may have handed the crown over — but St. Anne's is proving it's a powerhouse to watch.
Business Post
10-05-2025
- Business
- Business Post
Innovative and flexible education models boost inward investment
One of Ireland's biggest assets in drawing companies to locate here is our wealth of highly skilled talent. According to IDA Ireland, our highly educated population in particular supports employment in knowledge-intensive and high-technology sectors. Recent statistics reveal that 62.3 per cent of Irish people aged 23-34 have completed third-level education, while Ireland also has the highest level of STEM graduates per capita in EU among 20 to 29-year-olds. 'Ireland's highly skilled and adaptable workforce is well recognised as one of our strongest assets in attracting and retaining foreign direct investment,' said David Corscadden, communications manager for MicroCreds. 'In a global economy facing uncertainty and rapid technological change, the ability to respond quickly to evolving skills needs is more important than ever. This is where higher education, and in particular micro-credentials, play a crucial role in ensuring Ireland remains a top destination for international companies to come and prosper. 'Micro-credentials are short, flexible, and university accredited learning opportunities designed to build specific, job-relevant skills in learners. Delivered by leading Irish universities and developed in collaboration with enterprise and industry stakeholders, they are a practical tool to address immediate and emerging skills gaps. For FDI companies looking to invest in Ireland, the availability of a workforce that can upskill and reskill quickly is a key advantage.' Dr Kevin Marshall is the head of education at Microsoft Ireland and the new chairman of the government's National Skills Council. He was also a member of the MicroCreds Enterprise Advisory Group, which pinpointed what courses were needed. 'Micro-credentials include short courses in emerging areas that a business might need,' Marshall told the Business Post when MicroCreds was launched. 'From an employee perspective they don't have to commit to a year-long or an 18-month diploma or degree, but they can gain particular skills quickly and flexibly. Ireland's highly skilled and adaptable workforce is well recognised as one of our strongest assets in attracting and retaining foreign direct investment 'The advisory group aimed to inform the government on what skills were needed by enterprise. For instance, my speciality would be technology. We also provided guidance on how you can build awareness of micro-credentials within your own company and at a national level. 'We work closely with industry stakeholders, including Enterprise Ireland and the IDA, to identify the transversal and technical skills that are most in demand by businesses of all sizes in Ireland,' continued Corscadden. 'As new companies set up operations in Ireland, they need confidence that the talent pipeline can respond to both sector-specific needs and broader trends, such as automation, AI integration, or green innovation. Micro-credentials enable us to support workers in developing these in-demand skills while continuing in their role and helping their organisation to prepare for future challenges. 'The government's endorsement of lifelong learning and upskilling, particularly through the HCI Micro-credential Learner Fee Subsidy, has made this form of learning more accessible to individuals and employers alike. It sends a strong message to FDI clients: Ireland is not only investing in infrastructure but also in the skills and capabilities of its people.' This sentiment is shared by Skillnet Ireland. 'As Irish companies navigate the complexities of a rapidly changing global business environment, having a highly skilled workforce is crucial for leveraging the economic opportunities presented by hi-tech innovation, digitalisation, and the green transition,' said Tracey Donnery, director of policy at Skillnet Ireland in its latest publication, Ireland's Talent Landscape 2025. 'People are key to the future success of Ireland's economy, business competitiveness and capacity to secure international investment. 'Supporting a strong, digitally resilient and sustainable talent pipeline is a key priority for Skillnet Ireland. Digital transformation, driven by artificial intelligence (AI), automation and data analytics, is revolutionising how businesses connect with customers and make decisions. The demand for expertise in these areas, as well as broader digital literacy skills, is growing, and it is essential that we rise to meet this challenge. 'Equally important is the integration of sustainability into business practices, with increasing demands for skilled workers in green technologies, the circular economy and other sustainable areas. Working together with enterprise, Skillnet Ireland designs supports for businesses to adapt to the changing demands of digitalisation and sustainability challenges.' The expansion of Ireland's apprenticeship programmes also helps ensure our talent pool remains strong. A key focus for IDA Ireland is the operation of apprenticeships in disciplines most relevant to supported FDI high technology sectors such as ICT, medical devices, engineering, biopharmaceuticals and international financial services. Once mainly confined to construction-style roles such as electrical, scaffolding, carpentry and joinery, there are now 77 apprenticeships available, with over 27,000 apprentices and almost 9,000 employers engaged in the scheme. The current uncertainty surrounding FDI depends on many external factors; however, by continuing to invest in and develop our workforce can only have a positive effect for every company.
