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5 Major Social Security Mistakes Boomers Can't Stop Making
5 Major Social Security Mistakes Boomers Can't Stop Making

Yahoo

time14 hours ago

  • Business
  • Yahoo

5 Major Social Security Mistakes Boomers Can't Stop Making

Retirement planning is both complicated and high-stakes — a recipe for mistakes with major financial consequences. And sure enough, Business Insider reported that more than half of Americans over 65 earn less than $30,000 a year. As you plan your own retirement, watch out for these Social Security mistakes plaguing current baby boomers. Check Out: Read Next: Too many people reach their early 60s and think: 'I've been paying into the system for decades, I need to lock in my share!' Unfortunately, that leaves them with far lower lifetime benefits than if they'd waited. 'Filing early means locking in a permanent reduction in benefits, up to 30% if your full retirement age is 67,' explained Christine M. Parisi, senior wealth advisor at R.W. Rogé & Company. If you take benefits at age 62, you receive just 70% of your full retirement benefit. At 67, you collect 100%. Wait until 70, and you receive 124% of your full Social Security benefit. Learn More: Plan to continue working for a while? Hold off on taking Social Security — and not just to secure higher benefits. 'If your earnings exceed the annual limit, the Social Security Administration may withhold $1 in benefits for every $2 you earn over the threshold,' Parisi added. 'Benefits can also push your income higher for Medicare-related costs like IRMAA, meaning you could end up paying more in premiums.' Plus, combining your salary with Social Security can push you into a higher tax bracket. You can end up handing much of that money right back to Uncle Sam. If one spouse earned significantly higher income, or worked for many years longer, their benefits will be higher. Plan to optimize those, perhaps by having that spouse delay benefits while the family lives on earned income or distributions from retirement accounts before taking benefits. Parisi noted that different rules apply to surviving spouses. 'If your late spouse worked long enough to qualify for Social Security, you may be able to start collecting survivor benefits as early as age 60. Unfortunately, many don't realize this is even an option until it's too late.' First and foremost, when you planned your retirement income, did you account for taxes? You'll still owe income taxes in retirement, at least under current tax laws. 'A portion of Social Security benefits are taxable, up to 85%, based on your provisional income,' said Keith Hensley of Florida Financial Planning. Many states tax Social Security benefits as well. The upshot? You may need more money saved for retirement than you thought. Again, you may be better off working another year and delaying Social Security benefits. It may not be too late for a Roth conversion to make sense. If you have a year with lower income, consider taking the tax hit and converting some of your traditional retirement funds to Roth accounts, so they can compound tax-free and you can avoid paying taxes on withdrawals in retirement. If Social Security is your only — or your primary — plan for retirement income, expect stormy seas ahead. William Connor, CFA and CFP with Sax Wealth Advisors, added some historical context. 'Social Security was created as a safety net for older Americans. It was not designed as a primary source of retirement income, and won't replace your working income.' Instead, combine it with other sources of income such as retirement accounts, health savings accounts (HSAs), taxable brokerage accounts, real estate investments and perhaps part-time fun working gigs. The less you rely on Social Security income, the more comfortable and secure your retirement will be. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 8 Common Mistakes Retirees Make With Their Social Security Checks How Much Money Is Needed To Be Considered Middle Class in Every State? This article originally appeared on 5 Major Social Security Mistakes Boomers Can't Stop Making Sign in to access your portfolio

Pianist Girolamo Parisi Announces His Latest Musical Endeavors, Highlighting a Life of Passion and Perseverance
Pianist Girolamo Parisi Announces His Latest Musical Endeavors, Highlighting a Life of Passion and Perseverance

Yahoo

time17-05-2025

  • Entertainment
  • Yahoo

Pianist Girolamo Parisi Announces His Latest Musical Endeavors, Highlighting a Life of Passion and Perseverance

Italian pianist Girolamo Parisi shares his musical journey from Calabria to global digital platforms, where he leads the way with daily livestreams and award-winning performances on TikTok. CALABRIA, ITALY / / May 16, 2025 / Pianist and composer Girolamo Parisi announces his growing presence in the classical and contemporary music scene, sharing the story behind his artistic evolution and the launch of original compositions that are resonating with a global audience online. Parisi Girolamo Image Born in Calabria, Italy, a region in Southern Italy known for its rich cultural heritage, Parisi's musical inclination was evident from infancy. At just one year old, he received a small piano from his father, a symbolic gift that sparked a lifelong devotion to music. Tragically, Parisi lost his father in an accident before the age of two, an event that influenced his early life and deepened his emotional connection to music. By age six, Parisi began keyboard lessons and advanced to private piano studies by nine. At eleven, he was accepted into the prestigious Francesco Cilea Conservatory in Reggio Calabria, where he also began composing his first pieces. His formal training continued under esteemed instructor Cinzia Dato and culminated in a master's degree under the guidance of internationally acclaimed pianist Aldo Ciccolini. Throughout his academic journey, Parisi won multiple music competitions and participated in advanced seminars, experiences that shaped his refined technique and expressive style. His compositions blend classical tradition with modern sensibility, appealing to a wide and diverse audience. On July 25, 2022, Parisi released his debut album Ombre, featuring original works such as Rema and Hands Can Listen. These pieces have gained traction on streaming platforms like Spotify, while his presence on TikTok has become a defining part of his success. With over 700,000 followers, Parisi is recognized as one of the first pianists globally to livestream daily performances on TikTok, attracting more than 100,000 viewers per session. His innovative approach to live digital performance earned him honors at TikTok Live Fest in Miami (February 2024) and London (January 2025), where he was acknowledged for his artistic contributions and unique ability to connect with audiences in real time. His content not only showcases his live performances but also offers a behind-the-scenes look at his creative process, further strengthening his bond with fans worldwide. Parisi's growing digital footprint and expanding catalog reflect a career in motion. With a deep respect for classical roots and a forward-thinking approach to audience engagement, he is redefining how classical and contemporary music can thrive in the digital age. To explore Girolamo Parisi's music and learn more about his journey, visit or follow him on TikTok at @parisigirolamo. Media Contact:Parisi GirolamoParisipiano@ SOURCE: Parisi Girolamo View the original press release on ACCESS Newswire 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

‘I didn't expect to find an exciting life in Dublin'
‘I didn't expect to find an exciting life in Dublin'

Irish Times

time06-05-2025

  • Business
  • Irish Times

‘I didn't expect to find an exciting life in Dublin'

For Guilherme Parisi, a study abroad experience in Slovakia as a teenager sparked his interest in European living. 'When I was 16, I went to Slovakia for one year as an exchange student in high school. That was my first time abroad and maybe that's what drove me to want to have that opportunity again to come to Europe for studying or work.' The 29-year-old moved to Dublin from the Brazilian countryside in October 2024, after being offered a job in product safety and regulatory affairs at German multinational company Henkel, where he has worked for the Latin American team since 2019. 'I really wanted to come to Europe because from a regulatory perspective, Europe creates a lot of very important chemical safety regulations which drive innovation globally so it's really important for my career.' READ MORE Words of encouragement from friends who had moved to Dublin and spoken of 'how exciting it is' helped convince Parisi to take the leap, and he has no regrets. 'It's really nice to live in Dublin because everything is close by. You have really exciting nightlife, loads of restaurants. If you want to go to a Brazilian restaurant or a Turkish restaurant, you can find anything. People are really excited and friendly all the time, so it's really nice to go out.' [ 'In Brazil, it's all about the food. Here it's more about the drink' Opens in new window ] Now living in 'a really nice neighbourhood' in Dundrum, Parisi says he was surprised by Dublin's vibrancy. 'I didn't expect to find a lot of vivid and exciting life in Dublin.' 'I come from a really small town in Brazil , in the countryside so I was used to more calm, countryside life. Very similar to Galway. I have been to Galway and I felt more what was like my life in Brazil.' During a recent weekend trip to the west coast, Parisi enjoyed seeing 'a different side to the Atlantic'. Investing in some new wardrobe staples was part of adjusting to the unpredictable Irish climate; 'waterproof shoes and a nice raincoat' have been essential additions. Having initially lived closer to his Tallaght-based office, Parisi became a frequent participant in Saturday morning park runs around the Dodder Valley Park. 'You can find a lot of parks here. We don't have that in Brazil,' he says. 'Although it's a really large country, you cannot find this amount of green spaces where you can go and run or do some physical activity like playing tennis.' While he moved with near fluency in English, the 'variety of accents and vocabulary' caught Parisi off guard at first. 'I used to speak English more on a corporate level and formally but as I came here to live I found sometimes in the beginning it was hard because of the variety of accents. Even in a country as small as Ireland, you can find a variety of accents and vocabulary.' [ 'Irish teenagers are so innocent. Where I'm from we learn not to be naive' ] Reflecting on his experience living with a host family and attending school in Slovakia, Parisi feels grateful for the relatively smooth transition he has been afforded here. 'If I had moved to another country I think it would have been more difficult. I have the experience of living in Slovakia. I was maybe the only Brazilian in the city where I was, and it was really challenging because of the language.' The presence of a large Brazilian community in Dublin has also made the city feel like home. 'Living here, I still feel like I am in Brazil because of the Brazilian community and the activities that we can find ... One thing that people miss the most is the food and the language and I can find that because I can get together with my Brazilian friends and we can cook, like typical rice and beans or feijoada [black bean stew] and brigadeiro [a traditional Brazilian dessert combining hot condensed milk, cocoa and butter].' Parisi celebrated his birthday in January, an occasion he worried would be lonely, but 'was much better than expected' thanks to friends and colleagues who surprised him with cake. Although far from family and friends in Brazil, Parisi found ways to incorporate Brazilian customs into his day. 'As you finish singing happy birthday, like here you blow the candles and then make a wish. Then as you cut the cake in Brazil you have to cut bottom to top and make a second wish. With the first piece of cake, you have to give it to the most special person to you in the room.' Anyone in the world could feel really comfortable here because people are friendly and really polite Parisi recalls being 'really surprised how Irish people are open for talking, for discussion'. 'I didn't expect people to be as open and talkative because we as Brazilians have the wrong idea that people in Europe are more closed.' Another cultural similarity is the shared historic and economic importance of agriculture in both countries. 'Brazil has hundreds of years of agriculture and also Ireland so we both connect.' 'We in Brazil have received a lot of immigrants over the years and also Ireland,' says Parisi, who says the 'diversity of people' has been another positive aspect of moving to Dublin. 'It's nice to live here because of the diversity of people that we can find on the street. I can listen to Spanish, Portuguese, Italian or any other language as you walk through mainly some areas in the city centre. I think it's very welcoming for newcomers. Anyone in the world could feel really comfortable here because people are friendly and really polite. The courtesy is really important, that's something I appreciate.' After an enjoyable first six months in Ireland, Parisi says he is content to settle in the south Dublin suburbs for the foreseeable future. 'I do see myself five years from now living in Dundrum because I really like the neighbourhood and being close to my friends. I like the environment here.' We would like to hear from people who have moved to Ireland in the past 10 years. To get involved, email newtotheparish@ or tweet @newtotheparish

Emily In Paris star QUITS hit Netflix series as fans say ‘they destroyed your character'
Emily In Paris star QUITS hit Netflix series as fans say ‘they destroyed your character'

The Sun

time24-04-2025

  • Entertainment
  • The Sun

Emily In Paris star QUITS hit Netflix series as fans say ‘they destroyed your character'

AN Emily In Paris star has quit the hit Netflix series, with fans responding saying 'they destroyed your character.' The Netflix smash hit – famed for its love triangles and bold fashion choices – sees actress Camille Razat play the role of Camille, Emily's friend and love rival. 6 6 6 But the 31-year-old French actress has decided to throw in the towel and leave the show, leaving fans disappointed. Camille shared the poignant update on Instagram, alongside a carousel of images from her time on the show. She wrote: 'After an incredible journey, I've made the decision to step away from Emily in Paris. 'It has been a truly wonderful experience, one filled with growth, creativity, and unforgettable memories. I'm deeply grateful to @starmandarren and the entire team at @netflix and @paramountpics for their trust and for giving me the opportunity to bring Camille to life and leaving the door open for her return, as she will always be a part of Emily In Paris world.' She continued: 'This character has meant a lot to me, and I feel that her storyline has naturally come to an end. It felt like the right moment to explore new horizons. 'I leave the show with nothing but love and admiration for the cast, crew, and fans who have supported us along the way. Thank you for the beautiful ride.' Despite her warm goodbye, some fans claimed that the show ended up 'destroying her character.' One person penned: 'Good call! They ruined Camille's character a bit too much. She was a sunflower in season one, such good vibes and the best character ! The actress deserves better roles and she will get them.' Someone else echoed: 'They destroyed Camille's character, she was beautiful and independent! It was Emily who stole Gabriel, they forced Camille to like another woman! They destroyed the character! Camille, we love you!' Buy Lily Collins' gingham tote from Emily in Paris before it's gone for good - it's 67% off at Nordstrom Rack A third wrote: 'Camille's character had a lot of potential but it got ruined by that boring story of pretending to be pregnant. Hope you have a great journey with your new roles.' Someone else said: 'They ruined your character with your storyline of adopting. Wanting a wasn't the right timing. Didn't suit your character either. I know you'll do amazing fun But many went on to praise the star, saying how much they'll miss her on the show, with others saying her 'good looks' were what kept them watching. Camille also updated fans with her exciting plans for the future, writing: 'I've recently wrapped two series: Nero for Netflix and the Lost Station girls for Disney+. 'I'm also excited to share that I've launched my own production company, @tazar_production. We mainly produce music videos and short films for now, but we're currently developing our first feature film, something I'm truly passionate about and excited to grow.' Emily In Paris follows the life of Emily Cooper - played by Lily Collins - as she works in a Parisian marketing agency by day and explores Paris by night. It instantly became a huge hit with fans, and Netflix have confirmed Emily in Paris will be back for a fifth series. 6 6 6

Carnival crowds and travel gridlock make life 'difficult' as social media users chime in
Carnival crowds and travel gridlock make life 'difficult' as social media users chime in

Fox News

time20-02-2025

  • Entertainment
  • Fox News

Carnival crowds and travel gridlock make life 'difficult' as social media users chime in

As travelers flock to Venice for the world-famous Carnival celebration, they may be in for a tight squeeze. Three million people travel to Venice every year for the Venetian tradition, according to the website of the tourist group Walks of Italy. Carnival, also known as Carnevale, dates back to 1162 — when townspeople celebrated a victory over the Patriarch of Aquileia. Artists banned together in 1979 to restart Carnevale, says the site. Carnival attendees don Venetian masks and garb as they attend various events around the city. One video posted on TikTok by Gazella, @gazellastudio, shows tourists in gridlock making their way around the City of Canals. Gazella, a Venice-based photographer, told Fox News Digital the last time she saw the city so crowded was in 2020, before the COVID quarantine. "The city hasn't been this crowded since. It has made life for locals difficult," said Gazella. She said the crowding has increased travel times for local residents on weekends. The video amassed over 19,000 views — with users taking to the comments section to express their opinions. "Nightmare. Worse than ever," wrote one user. Another Tiktoker commented, "Waited 2 hours for a vaporetto from Ferrovia on Saturday morning, didn't even know it was Carnivale when we booked." "Experienced this today … Never again," commented one woman. A user added, "It was so packed today. We weren't expecting so many people." "It's a shame how massive tourism is making beautiful cities less and less enjoyable," said one man. Another user cautioned, "Never go [to] Venice during carnival." "Venice 365 days a year..." one woman joked. The city has been working to combat overtourism by announcing a change in tourist fees. Venice introduced a pilot program in 2024 to charge day trippers a $5.17 (5 euros) entry fee that authorities hoped would discourage visitors from arriving on peak days, Fox News Digital reported. Starting on April 18, visitors will officially pay the access fee of $5.17 if booked four days ahead, while the fee for arrivals that are booked last-minute — within three days — doubles to $10.33 (10 euros), according to the city's site. Pino Parisi, a Connecticut-based Italian travel agent, said he sees more tourists than ever in Italy this year. "Venice's tourist taxes [are] not preventing people from going to Venice. I don't think it is making a difference," said Parisi. "Since I can remember, 'Il carnevale di Venezia' has been the most famous in all Italy," said Parisi. He added that the festival does attract more of a local Italian crowd; but since not many tourists go to Venice in the winter, there are still lots of tourists. The festival is held from Friday, Feb. 14, to Tuesday, March 4.

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