Latest news with #Phoenix
Yahoo
2 hours ago
- Business
- Yahoo
60-year-old-woman wants to own a home, but only makes $2,800/month
She's debt-free, has some savings and no major expenses. But at 60, Andrea still isn't sure she can buy a home or retire — and she called into The Ramsey Show to ask if it's even possible. 'I want to own a home and retire one day,' the Phoenix, Arizona resident told co-hosts George Kamel and Dr. John Delony. But with a modest monthly income of US$2,864 and no retirement strategy in place, she's unsure how — or if — she can make that dream a reality. Here's the skinny on her retirement plan and how it can help you. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich — and 'anyone' can do it The Canadian economy is showing signs of softening amid Trump's tariffs — protect your wallet with these 5 essential money moves (most of which you can complete in just minutes) I'm almost 50 and don't have enough retirement savings. What should I do? Don't panic. Here are 6 solid ways you can catch up Andrea lives with her son and his family and only pays for car insurance, gas and the occasional incidental. That leaves her with approximately US$2,154 each month to save. She has US$69,000 in a 401(k) — which is the American equivalent of an RRSP — and US$45,000 in a savings account. She's also considering relocating to Ohio, where her aging siblings live, to be closer to family and cut living costs. Andrea works in medical records and hopes to move to a remote role at her company that pays about US$40,000 annually. She's also certified in medical coding but hasn't worked in that role. The hosts quickly identified her biggest hurdle: boosting her income. 'What you're facing here, Andrea, is an income problem,' Kamel said. 'We've gotta get your income up because that's going to create more margin for you to save for that home.' Starting late doesn't mean it's too late. At 60, Andrea still has solid options to grow her retirement savings. 1. Put money away for a down payment The hosts recommended using her US$45,000 as both an emergency fund and a down payment reserve. They advised setting aside three to six months' worth of living expenses as a safety net, with the rest going toward a future home purchase. 2. Invest 15% of her income into retirement Andrea said she's currently investing only about 1%. The hosts stressed that saving alone isn't enough. They encouraged her to invest in mutual funds through her retirement account. If done consistently, she could see 10-12% average returns over time. 3. Pursue higher-paying roles With her experience and certification in medical coding, Andrea could land a better-paying remote job. While her starting salary is US$40,000, the field offers room to grow. ' Even if it's not the exact role you want, I would just try to get on a ladder,' Kamel said. 4. Continue living with family or find a roommate To keep saving aggressively, the hosts suggested Andrea stay with her son or consider moving in with her siblings once she's in Ohio. 'It might not be ideal,' Delony said, ' but I love the idea of you saving money over the next five or 10 or 15 years until somebody can help you." 5. Adjust expectations around retirement Andrea may need to work into her 70s to reach her goals. That's not uncommon — in 2022, one in five Canadian seniors aged 65 to 74 were working, almost half by necessity, according to Statistics Canada. ' You know you got US$69,000 in that retirement account,' Kamel said. '(If) you keep investing, let's say, a thousand bucks a month. If you can do that to 72, you'll have over half a million in that nest egg. ' He added that she could also get a reasonable mortgage to avoid paying rent forever. Andrea's situation underscores a growing concern for older North Americans: how to make a smooth and comfortable transition to retirement. The co-hosts stressed that with focus and a solid long-term plan, Andrea still has a real shot at a meaningful future. 1. The Ramsey Show Highlights: Is It Too Late For Me To Invest For My Future? (May 15, 2025) 2. Statistics Canada: Employment by choice and necessity among Canadian-born and immigrant seniors (April 24, 2024) Read more: Here are — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind. 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
Washington Post
4 hours ago
- Business
- Washington Post
Bradley Beal's contract will soon be gone. But it won't be forgotten.
After just three years, the ludicrous Bradley Beal contract will meet a painfully predictable demise soon. Beal and the Phoenix Suns are negotiating the intricate terms of a buyout because no other team would dare attempt to acquire an aging player with $110 million and a pesky no-trade clause left on his deal.
Yahoo
12 hours ago
- Sport
- Yahoo
Former Indiana Fever Star Spotted at WNBA Game After Being Released
Former Indiana Fever Star Spotted at WNBA Game After Being Released originally appeared on Athlon Sports. After going 20-20 last year, the Indiana Fever made multiple additions this offseason that led people to tag them as legitimate championship contenders coming into this season. Advertisement One of those additions was DeWanna Bonner, a veteran wing who has made the WNBA All-Star team six times, including in both of the previous seasons. It was expected that she would add some firepower off the bench for Indiana. But she struggled in nine games with Indiana, and she was waived on June 25. On Monday, she was reportedly seen attending a Phoenix Mercury game while sitting next to Mercury general manager Nick U'Ren. A return to Phoenix would perhaps be fitting, as Bonner played there from 2009 to 2019. The team took her with the No. 5 pick in the 2009 draft, and she was named the Sixth Woman of the Year in each of her first three seasons. Advertisement While she isn't an efficient shooter or a 3-point threat, she has always been a potent scorer and a solid defender. Former Indiana Fever forward DeWanna Bonner (25).© Grace Smith-Imagn Images The Mercury came into Monday with the WNBA's second-best record at 12-6. While they're fifth in both points per game and offensive rating, they could use some more scoring from their reserves. Bonner averaged 15.0 points a game last season, but so far this season, she's at just 7.1 points in 21.3 minutes a game while shooting 34.5% from the field. She started three games for the Fever when they were hit by injuries — in particular, the injuries that star guard Caitlin Clark has dealt with. Advertisement Related: Troubling Caitlin Clark Issue Emerges After Missing Five Straight Fever Games This story was originally reported by Athlon Sports on Jul 8, 2025, where it first appeared.
Fox News
17 hours ago
- Sport
- Fox News
Luis Sharpe, former Cardinals All-Pro tackle, dead at 65
Former NFL offensive tackle Luis Sharpe, a three-time Pro Bowler, died on Friday, his former team confirmed. He was 65. Sharpe played in the league for 13 seasons, all with the Arizona Cardinals franchise. He was a first-round pick of the St. Louis Cardinals in 1982. While Sharpe only played for the Cardinals, he played in three different cities. He spent the first six seasons of his career in St. Louis, and the next six seasons in Phoenix when the team moved to Arizona. The final season of Sharpe's career was the first one the Cardinals franchise rebranded to become the Arizona Cardinals. Sharpe started all 189 games he played in his career. "Throughout his lengthy and accomplished career with the Cardinals, Luis Sharpe exhibited an uncommon type of strength and toughness that made him so successful as a player," Cardinals owner Michael Bidwill said in a statement. "Admirably, he would later demonstrate those same traits in dealing with the personal challenges he faced when his career was over. We send our deepest condolences to all of those who loved Luis, in particular his family and former teammates." Following his NFL career, Sharpe battled a drug addiction and spent time in jail, but he turned his life around and got sober. In 2015, Sharpe moved back to his home state of Michigan to get out of Arizona. "I feel a sense of purpose now," Sharpe told The Athletic in 2020. "I feel more significant than I ever did when I was playing professional football. My life is better today. I tell people all the time, 'What I thought was my greatest curse has turned into my greatest blessing.'" In the final years of his life, Sharpe spent time counseling patients in Detroit at a sobriety clinic. The three-time Pro Bowler also worked with the NFL to help former players with their health in their post-playing days. "I recognize today I have the life I have because I've overcome so many obstacles and so many challenges," Sharpe said. "God wanted me to go out and do exactly what I'm doing, to share my life with others, to tell them my fall from grace and say, 'If I can stand before you today as a productive member of society, so can you.'" Follow Fox News Digital's sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.
Yahoo
20 hours ago
- Yahoo
Phoenix police ask public to stay away from 83rd Avenue and Indian School intersection
Phoenix police were asking people to stay away from a west Phoenix intersection Saturday morning. Officers were "negotiating with an armed man" near North 83rd Avenue and West Indian School Road, the department said on X shortly before 10 a.m. The intersection is a busy one, with a Fry's, a McDonald's and several other businesses and commercial plazas. (This is a developing story. Check back for updates.) This article originally appeared on Arizona Republic: Police: Stay away from 83rd Avenue, Indian School Road intersection
