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Yahoo
4 hours ago
- Business
- Yahoo
I spent way too much in my first 4 years of retirement and I worry I'll never get back on track. What do I do?
Retirees usually have bucket lists and dream vacations they want to go on while they're still healthy and fit. But after trips and maybe a few too many dinners out over the past four years, it sounds like you're suffering buyer's remorse. The good news is you realized you're jeopardizing your ability to fund the rest of your retirement, and you can take steps to protect your financial well-being before it's too late. 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 5 essential money moves to help boost your net worth today — here's how to up your money game in 2025 (and you can complete each step within minutes) Are you rich enough to join the top 1%? Here's the net worth you need to rank among Canada's wealthiest — plus a few strategies to build that first-class portfolio About a third of retirees (32%) say their monthly expenses in retirement are higher than they expected, according to the 2024 Profiles of Retirement conducted by the Ontario Securities Commission (OCS), with sustained high inflation topping Canadians' list of concerns. Despite this, 70% of retirees are say their standard of living is similar to or better than what it was pre-retirement. Does this mean that most retirees are planning to indulge in more leisure activities now that they have the freedom? Well, it's actually the opposite. When comparing the spending objectives of retirees and pre-retirees, only 35% of Canadians in retirement are prioritizing recreational travel during their golden years. In comparison, 55% of their non-retired counterparts intend to become frequent flyers. This isn't necessarily a bad thing. Because our health will inevitably decline as we age, we may have more energy, mobility and strength to pursue leisure activities and travel in our early years of retirement. Doing so, however, will require careful planning to ensure you remain comfortable throughout retirement and are able to fund a potential increase in medical expenses in later years. To ensure you have income throughout your retirement, determine a sustainable rate at which you can withdraw from your retirement savings. A common rule of thumb is the 4% rule. It says if you withdraw 4% of your investment portfolio in the first year and then this same amount plus an adjustment for inflation in each subsequent year you have a low probability of running out of money for 30 years. In the case of spending too much in the early years of retirement, you could determine today how much of your savings remain and begin employing the 4% rule from this point forward. This will likely mean you have to cut back on spending, but it could help ensure you remain comfortable going forward. This rule can be a useful starting point, but that doesn't mean it's a one-size-fits-all solution since each person's situation is different. Instead, you may find that a different withdrawal strategy works better for you. For instance, you might want to use the percentage of portfolio strategy, where you withdraw a fixed percentage of your portfolio's value each year. This means your income will fluctuate each year with the market value of your portfolio. If you follow a fixed-dollar withdrawal strategy, you'd withdraw a fixed dollar amount every year for a set time and then re-evaluate. Read more: Here are — and very quickly regret. How many are hurting you? You want to make sure your portfolio asset allocation reflects your investing horizon and risk tolerance. You may want to consider speaking with a financial advisor about your situation. Many advisors today have modeling tools at their disposal that allow them to run personalized economic and life scenarios to help determine the best withdrawal strategy. An advisor can also help with other retirement income withdrawal considerations, such as the amount of income you'll be receiving from the Canada Pension Plan, your required minimum distributions from your RRSP and/or TFSA and how and when to take from each type of account and asset class to be as tax-efficient as possible. As you get serious about spending responsibly, you may want to reevaluate your lifestyle and earn some additional income. Creating a budget and tracking expenses can be valuable tools in determining where expenses could be cut back. To earn additional income, you could take on a side hustle or part-time job. If major changes are needed, you may want to consider renting out a room, sharing a place with a friend or even moving to a less expensive area. Other options you might consider are accessing your home equity and borrowing against the cash value of a life insurance policy or even selling it. There's nothing wrong with taking advantage of your good health early in retirement to live a little. But if you get off track financially, acknowledging the issue and tackling it right away can help to ensure a comfortable retirement in your later years, too. 1. Ontario Securities Commission: Profiles of Retirement (Jan 10, 2024) 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 Warren Buffett's Berkshire Hathaway bought nearly 26 million shares of this Canadian company in 2024 — here are 3 ways to help you invest like the Oracle of Omaha What would you do if you had an emergency vet bill worth $5,000 tomorrow? Here's how to protect your furry friend (and keep your wallet intact) Billionaires like Mark Zuckerberg and Jay-Z have taken out mortgages for homes they can easily afford — here's why This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Star
18 hours ago
- The Star
Over 128 tons of narcotics incinerated in Mali
BAMAKO, June 27 (Xinhua) -- More than 128 tons of narcotics were incinerated on Thursday in Mali as part of the observance of the International Day Against Drug Abuse and Illicit Trafficking, the Central Office for Narcotics Control (OCS) announced on Friday. The incinerated substances were seized across Malian territory between June 27, 2024, and June 26, 2025, and included psychotropic drugs, counterfeit medicines, hookah devices, and drug-related accessories, the OCS said in a press release. The market value of these substances is estimated in the tens of billions of CFA francs (10 billion CFA francs is approximately 17.8 million U.S. dollars), the statement added. "This incineration operation aims to show the public that these dangerous substances can only be destroyed through incineration. They are burned to protect the health of our population from the harmful effects of their consumption," OCS Director Fousseny Keita was quoted in the statement. "Mali is considered a transit country for narcotics and psychotropic substances," he noted, expressing the regret that much of this trafficking is carried out by Malians, most of whom are young people aged between 15 and 45.
Business Wire
16-06-2025
- Business
- Business Wire
United States: TotalEnergies Enters 40 Chevron-Operated Exploration Blocks, Building on a Successful U.S. Offshore Partnership Between Both Companies
PARIS--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the acquisition of a 25% working interest in a portfolio of exploration leases Offshore U.S. from Chevron (operator). The 40 Outer Continental Shelf (OCS) federal leases, spanning approximately 1,000 km 2 and located 175 to 330 km from shore, include 13 blocks located in the Walker Ridge area, 9 blocks in the Mississippi Canyon area and 18 blocks in the East Breaks area. The transaction provides access to multiple offshore Exploration plays and prospects, strengthening the successful U.S. offshore collaboration with Chevron beyond the existing partnerships in Ballymore (40% TotalEnergies) which achieved first production this year, Anchor (37.14%) where production started-up last year, and the Jack (25%) and Tahiti (17%) producing assets. 'This transaction is in line with our consistent strategy of filling our Exploration portfolio with low cost and low emissions options, and will significantly expand TotalEnergies' Offshore U.S. exploration acreage, combining a wide range of geological plays and prospectivity,' said Kevin McLachlan, Senior Vice- President Exploration. 'Building on the momentum of the recent Ballymore and Anchor startups, we are very pleased to expand our successful partnership with Chevron, and we expect to mature Exploration drill decisions on these blocks utilizing advanced 3D imaging technology to unlock large remaining U.S. Offshore production potential.' TotalEnergies in the United States TotalEnergies is deploying its integrated energy model across the United States, where it has been active since 1957. Since 2022, TotalEnergies has invested nearly $11 billion in the U.S. to accelerate development in oil, LNG, and low carbon electricity. With over 10 million tons of output in 2024, TotalEnergies is the leading exporter of U.S. LNG and is integrated throughout the LNG value chain, with upstream gas production assets in Texas and offshore U.S. The U.S. is also a key country for the deployment of TotalEnergies' Integrated Power strategy – with 10 GW of onshore utility-scale solar, wind and battery storage, installed and under construction. Find out more about TotalEnergies' U.S. presence here. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. X @TotalEnergies LinkedIn TotalEnergies Facebook TotalEnergies Instagram TotalEnergies Cautionary Note The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Yahoo
12-06-2025
- Business
- Yahoo
HUBER+SUHNER opens new facility in Poland
Swiss fibre optic cable manufacturing company Huber+Suhner has inaugurated a new facility in Pisary, Poland. The facility will focus on producing POLATIS optical circuit switches (OCS) to meet the rising demand from artificial intelligence (AI) and data centres. The new site, which spans 3000sqm, will enable the company to capitalise on the growing AI data centre market. Through increasing the manufacturing speed of the POLATIS OCS portfolio, Huber + Suhner can ensure hyperscale operators have the leading-edge technology required to enhance the performance and energy efficiency of data centre architectures and AI compute clusters. Jürgen Walter, Huber+Suhner communication segment chief operating officer, said: 'The opening of our new Pisary facility is a major milestone that aligns with our commitment to innovation and operational excellence in optical networking. Our POLATIS OCS solutions deliver transparent, software-defined dynamic optical connectivity within energy-efficient hyperscale data centres to meet the low loss and latency demands of high-performance AI workloads." 'The Pisary site will enhance our supply of OCS solutions while reflecting our mission for sustainable operations,' says Robert Smith, Huber+Suhner POLATIS managing director. "The facilities include a photovoltaic installation with a capacity of 150 kWp, a mechanical ventilation with heat recovery, and a biological waste treatment plant. A new building management system has also been implemented to support a low carbon footprint." Huber+Suhner, headquartered in Herisau, Switzerland, serves the industry, communications and transportation sectors through the applications of radio frequency, fibre optics and low frequency. The company has a global production network, with subsidiaries and representatives in over 80 countries. "HUBER+SUHNER opens new facility in Poland" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
Yahoo
11-06-2025
- Automotive
- Yahoo
Occupant Classification System (OCS) Market by Vehicle Class, Component Type, Sensor Type, Electric Vehicle, Propulsion and Region
Europe holds a significant market share thanks to stringent safety standards. Key players like Bosch and Continental focusing on R&D to enhance OCS technologies. This report covers industry trends, strategies, and competitive dynamics. Dublin, June 11, 2025 (GLOBE NEWSWIRE) -- The "Occupant Classification System Market by Vehicle Class, Component Type, Sensor Type, Electric Vehicle, Propulsion, and Region - Global Forecast to 2032" has been added to offering. The global occupant classification system (OCS) market is anticipated to reach USD 3.95 billion by 2032. Several factors are affecting the market, with regions like Asia-Pacific leading the charge due to high automobile production rates and stringent safety regulations. Additionally, innovations in sensor fusion and smart fabric sensors are further enhancing system capabilities, responding to the growing demand for advanced safety features in both traditional ICE vehicles and the emerging electric and hybrid models. The ICE Segment: A Market Leader During the forecast period, the internal combustion engine (ICE) segment is projected to dominate the occupant classification system market. This segment enjoys a larger market share compared to the electric segment, bolstered by ICE vehicles' established technology, refueling infrastructure, and cost-effectiveness. Within Asia Pacific, where ICE vehicles hold significant market share, models like the Toyota Corolla, which was the second best-selling vehicle in Japan in 2023, are equipped with occupant detection sensors from AISIN CORPORATION. The commitment to passenger safety and regulatory compliance continues to drive the adoption of OCS technology, solidifying the market's expansion within the ICE vehicle realm. Emerging FCEV Segment Fuel cell electric vehicles (FCEVs) are set to experience the fastest growth within the OCS market. Increasing investments in hydrogen infrastructure and robust government support are driving this upward trend. Models such as Toyota Mirai and Hyundai Nexo underscore the advantages of FCEVs, which include longer range and quicker refueling times compared to battery electric vehicles. For instance, South Korea and China have specific targets for FCEV proliferation and infrastructure development by 2040 and 2025, respectively, highlighting an increased demand for OCS-equipped FCEVs aligned with sustainable, zero-emission transport goals. Europe's Impact In Europe, the growth of the OCS market is attributed to stringent safety regulations and mandates such as the Euro NCAP safety ratings, which push automakers to integrate sophisticated safety features like OCS. This integration is crucial for smart airbag deployment, adjusting deployment force based on passenger detection. The presence of automotive giants like Volkswagen, BMW, and Daimler, alongside OCS providers such as Continental, ZF, and Bosch, fuels market growth. Audi models like Q3, Q5, and S5, featuring passenger detection systems from IEE Smart Sensing Solutions, exemplify how OCS technologies are increasingly embedded across the region. Industry Insights In-depth interviews were conducted with executives across the industry, providing insights into company typology, with Tier I, II, and III companies represented at 24%, 32%, and 44%, respectively. The geographical distribution includes Asia-Pacific at 36%, North America at 28%, and Europe at 32%. Research Coverage and Competitive Analysis The report provides a comprehensive view of the OCS market across various domains, including vehicle class, component type, sensor type, and regions. It further delves into the competitive landscape and profiles of major market players, focusing on product offerings, business strategies, recent developments, and key market strategies. The OCS market is primarily led by industry players such as Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, Continental AG, IEE Smart Sensing Solutions, AISIN CORPORATION, and Aptiv, who are all strategically expanding their portfolios to strengthen market positions. Benefits and Insights Market stakeholders will find the report beneficial for understanding revenue approximations, competitive landscapes, and market positioning strategies. The detailed analysis provides insights into critical drivers, restraints, opportunities, and challenges affecting the market, along with pricing trends and future market directions. Key areas explored include product development, market expansion, diversification opportunities, and a detailed competitive assessment. Market Dynamics Drivers Increasing Stringency of Safety Regulations Rising Consumer Awareness of Safety Challenges Limited Penetration in Emerging Markets Complex Regulatory Standards Opportunities Integration of Advanced Technologies Growing Penetration of Occupant Classification Systems in Economy Cars Case Studies Volvo Enhanced Ncap Ratings with Bosch's Occupant Classification System Hyundai Improved Economy Car Safety with Autoliv's Occupant Classification System Tesla Achieved High Safety Standards with Aptiv's Occupant Classification System Industry Trends Trends and Disruptions Impacting Customers' Businesses Companies Profiled Robert Bosch GmbH Denso Corporation ZF Friedrichshafen AG Continental AG IEE Smart Sensing Solutions Aptiv Aisin Corporation TE Connectivity IGB Automotive Ltd. CTS Corporation Nidec Corporation Joyson Safety Systems Forvia NXP Semiconductors Forciot Shenzhen Vmanx Technology Co. Ltd. Linepro Controls Pvt. Ltd. Veoneer US Safety Systems, LLC Rhodius GmbH Autoliv Infineon Technologies AG STMicroelectronics For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
