Latest news with #NSSA
Yahoo
04-05-2025
- Business
- Yahoo
Should Gen X Really Be Worried About the State of Social Security? Experts Weigh In
Every week there seems to be new chatter about the future and fate of Social Security. For Gen Xers, who are the next in line to retire, this can cause serious anxiety about whether or not America's safety net will be there when they're ready to take it. Find Out: Read Next: Experts explained whether Gen Xers should really be worried about the state of Social Security. There is an uncomfortable truth about Social Security that people may not like to hear, according to Krisstin Petersmarck, National Social Security Advisor (NSSA) and investment advisor representative at New Horizon Retirement Solutions. 'People think that since they paid into the system they are entitled to benefits in retirement. Unfortunately, this simply is not accurate. The money you paid into the system while you are working benefits people who are receiving their Social Security benefit.' Learn More: Because of the structure of the current funding system for Social Security benefits, if it isn't overhauled in some way through policy moves, Petersmarck warned there is a real risk that Gen X recipients will see a reduction in their Social Security benefits. 'The largest factor affecting the Social Security system is that there are more workers leaving the workforce and claiming benefits than there are workers entering the workforce and paying into the system,' she explained. Additionally, wage growth has not keptup with inflation in recent years, according to Sara Levy-Lambert, head of operations at Thus, less money has been coming into the program through payroll taxes. 'These pressures are exacerbated by lengthening life expectancies, which has meant that more retirees are drawing benefits for longer lengths of time,' Levy-Lambert added. Experts disagree on the likelihood of Gen Xers getting their full benefits. Petersmarck expects that it is 'realistic' for Gen X to expect to receive their full benefits at the currently scheduled retirement age. However, Kevin Thompson, a CFP with 91 Capital Group LLC, said, 'The reduction [in benefits] is absolutely real if there is no significant change in the current funding.' Currently, the Social Security Trust could become insolvent by 2033 or 2034, which could mean a significant reduction in Social Security benefits for beneficiaries moving forward. The federal government could also raise the retirement age, forcing Gen Xers and those who come after them to work longer or save more. Another possibility would be to roll back cost of living adjustments (COLAs), Levy-Lambert said. This might 'also tamp down the growth in benefits over time, particularly if inflation continues running ahead of adjustments.' The most realistic reform to the Social Security system is raising taxes, both Petersmarck and Thompson agreed. 'A higher wage base on the taxable Social Security amount seems to be the only answer that could quickly resolve this issue,' Thompson said 'But the current administration does not seem too likely to implement that and are doing their best to take more money out of the system than they want to put into it.' The Social Security Fairness Act is one such contributor that will inevitably take more money out of the system. With the risk of Social Security benefits reduction, it may be a good idea to save more money now, Petersmarck said. 'Consider maxing out your 401(k) contributions, IRA contributions and investment accounts you fund with after-tax dollars.' Try not to rely on Social Security benefits as your sole source of income in retirement, she added. Your plan should provide income from other sources where you have saved. Fortunately, the IRS has increased the amounts you can save in these various buckets so take advantage of them, she urged. Putting your money into assets that appreciate over time — like a home, stocks or mutual funds — may also help provide a hedge against the projected deficit in Social Security benefits, according to Levy-Lambert. 'It is also a good idea for Gen Xers to stress-test financial plans as if those benefits were less after they retire. For example, planning for a buffer by tucking away some more money could offer more security if the worst happens,' she said. If you are a Schedule C-filing business of any kind, you may have an advantage, Thompson said, because you can implement some tax-saving strategies. Consult with a tax professional to see your options, he said. At the end of the day, the best bet is to plan for living on fewer Social Security benefits while hoping for the best. More From GOBankingRates 6 Used Luxury SUVs That Are a Good Investment for Retirees How Far $750K Plus Social Security Goes in Retirement in Every US Region 7 Overpriced Grocery Items Frugal People Should Quit Buying in 2025 12 SUVs With the Most Reliable Engines Sources Krisstin Petersmarck, New Horizon Retirement Solutions Sara Levy-Lambert, Kevin Thompson, 9i Capital Group This article originally appeared on Should Gen X Really Be Worried About the State of Social Security? Experts Weigh In
Zawya
17-03-2025
- Science
- Zawya
Bahrain's first satellite successfully deployed in orbit
Bahrain's National Space Science Agency (NSSA) has confirmed the successful deployment and operation of the kingdom's Al Munther satellite in orbit. The satellite has fully activated its solar panels and sensors and has successfully transmitted its first signal to ground stations, verifying its operational status, it said. In a landmark moment for the Kingdom of Bahrain, NSSA successfully launched "Al Munther", the nation's first domestically designed and built satellite, onboard a SpaceX Falcon 9 rocket on Saturday (March 15) as part of the Transporter-13 mission from Vandenberg Space Force Base in California, US. This historic achievement marks a significant milestone in Bahrain's journey towards becoming a regional leader in space technology and innovation, reported BNA. The launch of "Al Munther" underscores the Kingdom's commitment to advancing its capabilities in space science and technology, while showcasing the expertise of Bahraini engineers and scientists, it stated. "Al Munther" was successfully deployed into its designated orbit at an altitude of 550 km above sea level. The satellite will now undergo a series of orbital tests to ensure its operational readiness before commencing full-scale operations. The NSSA is responsible for advancing Bahrain's space sector and fostering innovation in space science and technology. The agency works to develop national capabilities in space exploration, satellite technology, and space applications, contributing to Bahrain's sustainable development and economic diversification, said the BNA report. NSSA said the satellite was equipped with advanced technological payloads, including a medium-resolution space camera (20 meters/pixel) designed to capture high-quality images of Bahrain and its territorial waters, an artificial intelligence (AI) system capable of real-time image analysis, making "Al Munther" the first nanosatellite in the region to incorporate such advanced AI capabilities, a cybersecurity payload featuring advanced encryption technologies to safeguard the satellite's data from unauthorised access or tampering, and a radio broadcast payload that will transmit the Bahraini national anthem and a special message from His Majesty King Hamad bin Isa Al Khalifa, King of Bahrain, to radio enthusiasts worldwide. One of the most distinctive features of "Al Munther" is its ability to broadcast the Bahraini national anthem and a royal message via digital signals. These transmissions can be received by amateur radio operators and space enthusiasts around the globe using simple equipment. This initiative aims to promote Bahrain's space achievements and enhance its international presence in the field of space exploration. NSSA Chief Executive Officer Dr Mohammed Ibrahim Al Aseeri, hailing the launch as a historic achievement for Bahrain, said the successful launch of 'Al Munther' represents an unprecedented milestone for the country in the field of space science. "This accomplishment is a testament to the visionary leadership of His Majesty King Hamad bin Isa Al Khalifa, and the unwavering support of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander of the Armed Forces, and Prime Minister, and guidance of His Highness Shaikh Nasser bin Hamad Al Khalifa, National Security Advisor, Royal Guard Commander, and Secretary General of the Supreme Defence Council. This achievement reflects Bahrain's commitment to advancing its capabilities in space technology and innovation," he stated. The "Al Munther" project has provided a unique opportunity for a team of young Bahraini engineers to gain hands-on experience in developing advanced space systems. From mission concept development and engineering requirements to system design, software development, and environmental testing, the project has enabled Bahraini talent to contribute to every stage of the satellite's development, noted Al Aseeri. According to him, the 'Al Munther' project represents a forward-looking national vision and a significant step towards localising space technology in Bahrain. The Falcon 9 is one of the most frequently launched rockets, known for its reusable design that reduces the cost of space access. It is a two-stage, partially reusable launch vehicle measuring 70 meters in height and 3.7 meters in diameter. The rocket has a maximum payload capacity of 22,800 kilograms to low Earth orbit (LEO) and 8,300 kilograms to geostationary transfer orbit (GTO). It is powered by RP-1 kerosene and liquid oxygen (LOX) fuel. In a landmark moment for the Kingdom of Bahrain, the National Space Science Agency (NSSA) today (March 15) successfully launched "Al Munther", the nation's first domestically designed and built satellite onboard a SpaceX Falcon 9 rocket as part of the Transporter-13 mission from Vandenberg Space Force Base in California, US. This historic achievement marks a significant milestone in Bahrain's journey towards becoming a regional leader in space technology and innovation, reported BNA. The launch of "Al Munther" underscores the Kingdom's commitment to advancing its capabilities in space science and technology, while showcasing the expertise of Bahraini engineers and scientists, it stated. "Al Munther" was successfully deployed into its designated orbit at an altitude of 550 km above sea level. The satellite will now undergo a series of orbital tests to ensure its operational readiness before commencing full-scale operations. The NSSA is responsible for advancing Bahrain's space sector and fostering innovation in space science and technology. The agency works to develop national capabilities in space exploration, satellite technology, and space applications, contributing to Bahrain's sustainable development and economic diversification, said the BNA report. NSSA said the satellite was equipped with advanced technological payloads, including a medium-resolution space camera (20 meters/pixel) designed to capture high-quality images of Bahrain and its territorial waters, an artificial intelligence (AI) system capable of real-time image analysis, making "Al Munther" the first nanosatellite in the region to incorporate such advanced AI capabilities, a cybersecurity payload featuring advanced encryption technologies to safeguard the satellite's data from unauthorised access or tampering, and a radio broadcast payload that will transmit the Bahraini national anthem and a special message from His Majesty King Hamad bin Isa Al Khalifa, King of Bahrain, to radio enthusiasts worldwide. One of the most distinctive features of "Al Munther" is its ability to broadcast the Bahraini national anthem and a royal message via digital signals. These transmissions can be received by amateur radio operators and space enthusiasts around the globe using simple equipment. This initiative aims to promote Bahrain's space achievements and enhance its international presence in the field of space exploration. NSSA Chief Executive Officer Dr. Mohammed Ibrahim Al Aseeri, hailing the launch as a historic achievement for Bahrain, said the successful launch of 'Al Munther' represents an unprecedented milestone for the country in the field of space science. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Daily Tribune
16-03-2025
- Science
- Daily Tribune
U.S. Embassy Hails Bahrain's Historic Al-Munther Satellite Launch
The U.S. Embassy in Bahrain has congratulated the Kingdom on the successful launch of Al-Munther, the first fully made-in-Bahrain satellite, calling it a 'major accomplishment in space technology.' In a statement, U.S. Ambassador Steven C. Bondy praised the efforts of Bahrain's National Space Science Agency (NSSA) and highlighted the U.S.-Bahrain partnership in space exploration. 'The United States is proud to have partnered with Bahrain on the launch using the SpaceX Falcon 9 rocket and looks forward to strengthening our collaboration in advanced technologies and through the Artemis Accords, fostering a safe, peaceful, and prosperous future in space,' Bondy said. The launch marks a significant step in Bahrain's space ambitions, demonstrating its growing capabilities in satellite technology and international cooperation.
Trade Arabia
16-03-2025
- Science
- Trade Arabia
Bahrain's first satellite successfully deployed in orbit
Bahrain's National Space Science Agency (NSSA) has confirmed the successful deployment and operation of the kingdom's Al Munther satellite in orbit. The satellite has fully activated its solar panels and sensors and has successfully transmitted its first signal to ground stations, verifying its operational status, it said. In a landmark moment for the Kingdom of Bahrain, NSSA successfully launched "Al Munther", the nation's first domestically designed and built satellite, onboard a SpaceX Falcon 9 rocket on Saturday (March 15) as part of the Transporter-13 mission from Vandenberg Space Force Base in California, US. This historic achievement marks a significant milestone in Bahrain's journey towards becoming a regional leader in space technology and innovation, reported BNA. The launch of "Al Munther" underscores the Kingdom's commitment to advancing its capabilities in space science and technology, while showcasing the expertise of Bahraini engineers and scientists, it stated. "Al Munther" was successfully deployed into its designated orbit at an altitude of 550 km above sea level. The satellite will now undergo a series of orbital tests to ensure its operational readiness before commencing full-scale operations. The NSSA is responsible for advancing Bahrain's space sector and fostering innovation in space science and technology. The agency works to develop national capabilities in space exploration, satellite technology, and space applications, contributing to Bahrain's sustainable development and economic diversification, said the BNA report. NSSA said the satellite was equipped with advanced technological payloads, including a medium-resolution space camera (20 meters/pixel) designed to capture high-quality images of Bahrain and its territorial waters, an artificial intelligence (AI) system capable of real-time image analysis, making "Al Munther" the first nanosatellite in the region to incorporate such advanced AI capabilities, a cybersecurity payload featuring advanced encryption technologies to safeguard the satellite's data from unauthorised access or tampering, and a radio broadcast payload that will transmit the Bahraini national anthem and a special message from His Majesty King Hamad bin Isa Al Khalifa, King of Bahrain, to radio enthusiasts worldwide. One of the most distinctive features of "Al Munther" is its ability to broadcast the Bahraini national anthem and a royal message via digital signals. These transmissions can be received by amateur radio operators and space enthusiasts around the globe using simple equipment. This initiative aims to promote Bahrain's space achievements and enhance its international presence in the field of space exploration. NSSA Chief Executive Officer Dr Mohammed Ibrahim Al Aseeri, hailing the launch as a historic achievement for Bahrain, said the successful launch of 'Al Munther' represents an unprecedented milestone for the country in the field of space science. "This accomplishment is a testament to the visionary leadership of His Majesty King Hamad bin Isa Al Khalifa, and the unwavering support of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander of the Armed Forces, and Prime Minister, and guidance of His Highness Shaikh Nasser bin Hamad Al Khalifa, National Security Advisor, Royal Guard Commander, and Secretary General of the Supreme Defence Council. This achievement reflects Bahrain's commitment to advancing its capabilities in space technology and innovation," he stated. The "Al Munther" project has provided a unique opportunity for a team of young Bahraini engineers to gain hands-on experience in developing advanced space systems. From mission concept development and engineering requirements to system design, software development, and environmental testing, the project has enabled Bahraini talent to contribute to every stage of the satellite's development, noted Al Aseeri. According to him, the 'Al Munther' project represents a forward-looking national vision and a significant step towards localising space technology in Bahrain. The Falcon 9 is one of the most frequently launched rockets, known for its reusable design that reduces the cost of space access. It is a two-stage, partially reusable launch vehicle measuring 70 meters in height and 3.7 meters in diameter. The rocket has a maximum payload capacity of 22,800 kilograms to low Earth orbit (LEO) and 8,300 kilograms to geostationary transfer orbit (GTO). It is powered by RP-1 kerosene and liquid oxygen (LOX) fuel. In a landmark moment for the Kingdom of Bahrain, the National Space Science Agency (NSSA) today (March 15) successfully launched "Al Munther", the nation's first domestically designed and built satellite onboard a SpaceX Falcon 9 rocket as part of the Transporter-13 mission from Vandenberg Space Force Base in California, US. This historic achievement marks a significant milestone in Bahrain's journey towards becoming a regional leader in space technology and innovation, reported BNA. The launch of "Al Munther" underscores the Kingdom's commitment to advancing its capabilities in space science and technology, while showcasing the expertise of Bahraini engineers and scientists, it stated. "Al Munther" was successfully deployed into its designated orbit at an altitude of 550 km above sea level. The satellite will now undergo a series of orbital tests to ensure its operational readiness before commencing full-scale operations. The NSSA is responsible for advancing Bahrain's space sector and fostering innovation in space science and technology. The agency works to develop national capabilities in space exploration, satellite technology, and space applications, contributing to Bahrain's sustainable development and economic diversification, said the BNA report. NSSA said the satellite was equipped with advanced technological payloads, including a medium-resolution space camera (20 meters/pixel) designed to capture high-quality images of Bahrain and its territorial waters, an artificial intelligence (AI) system capable of real-time image analysis, making "Al Munther" the first nanosatellite in the region to incorporate such advanced AI capabilities, a cybersecurity payload featuring advanced encryption technologies to safeguard the satellite's data from unauthorised access or tampering, and a radio broadcast payload that will transmit the Bahraini national anthem and a special message from His Majesty King Hamad bin Isa Al Khalifa, King of Bahrain, to radio enthusiasts worldwide. One of the most distinctive features of "Al Munther" is its ability to broadcast the Bahraini national anthem and a royal message via digital signals. These transmissions can be received by amateur radio operators and space enthusiasts around the globe using simple equipment. This initiative aims to promote Bahrain's space achievements and enhance its international presence in the field of space exploration.
Trade Arabia
16-03-2025
- Science
- Trade Arabia
NSSA launches first 'Made in Bahrain' satellite Al Munther
In a landmark moment for the Kingdom of Bahrain, the National Space Science Agency (NSSA) today (March 15) successfully launched "Al Munther", the nation's first domestically designed and built satellite onboard a SpaceX Falcon 9 rocket as part of the Transporter-13 mission from Vandenberg Space Force Base in California, US. This historic achievement marks a significant milestone in Bahrain's journey towards becoming a regional leader in space technology and innovation, reported BNA. The launch of "Al Munther" underscores the Kingdom's commitment to advancing its capabilities in space science and technology, while showcasing the expertise of Bahraini engineers and scientists, it stated. "Al Munther" was successfully deployed into its designated orbit at an altitude of 550 km above sea level. The satellite will now undergo a series of orbital tests to ensure its operational readiness before commencing full-scale operations. The NSSA is responsible for advancing Bahrain's space sector and fostering innovation in space science and technology. The agency works to develop national capabilities in space exploration, satellite technology, and space applications, contributing to Bahrain's sustainable development and economic diversification, said the BNA report. NSSA said the satellite was equipped with advanced technological payloads, including a medium-resolution space camera (20 meters/pixel) designed to capture high-quality images of Bahrain and its territorial waters, an artificial intelligence (AI) system capable of real-time image analysis, making "Al Munther" the first nanosatellite in the region to incorporate such advanced AI capabilities, a cybersecurity payload featuring advanced encryption technologies to safeguard the satellite's data from unauthorised access or tampering, and a radio broadcast payload that will transmit the Bahraini national anthem and a special message from His Majesty King Hamad bin Isa Al Khalifa, King of Bahrain, to radio enthusiasts worldwide. One of the most distinctive features of "Al Munther" is its ability to broadcast the Bahraini national anthem and a royal message via digital signals. These transmissions can be received by amateur radio operators and space enthusiasts around the globe using simple equipment. This initiative aims to promote Bahrain's space achievements and enhance its international presence in the field of space exploration. NSSA Chief Executive Officer Dr. Mohammed Ibrahim Al Aseeri, hailing the launch as a historic achievement for Bahrain, said the successful launch of 'Al Munther' represents an unprecedented milestone for the country in the field of space science. "This accomplishment is a testament to the visionary leadership of His Majesty King Hamad bin Isa Al Khalifa, and the unwavering support of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander of the Armed Forces, and Prime Minister, and guidance of His Highness Shaikh Nasser bin Hamad Al Khalifa, National Security Advisor, Royal Guard Commander, and Secretary General of the Supreme Defence Council. This achievement reflects Bahrain's commitment to advancing its capabilities in space technology and innovation," he stated. The "Al Munther" project has provided a unique opportunity for a team of young Bahraini engineers to gain hands-on experience in developing advanced space systems. From mission concept development and engineering requirements to system design, software development, and environmental testing, the project has enabled Bahraini talent to contribute to every stage of the satellite's development, noted Al Aseeri. According to him, the 'Al Munther' project represents a forward-looking national vision and a significant step towards localising space technology in Bahrain. "It has not only empowered our young engineers but also laid the groundwork for future space projects led by Bahraini professionals. This achievement is a proud moment for our nation and a testament to the potential of Bahraini talent," he added.
