From Yahoo Finance: 2025-04-29 13:01:00

Retirees can continue building wealth post-retirement by smart planning and ingenuity. Heath Harris advises a strategic withdrawal plan and exploring low-effort business ventures to minimize risk and taxes. Accessory dwelling units (ADUs) offer retirees a way to generate income and increase property value without selling off assets. A 529 plan is a tax-advantaged tool for legacy-building, allowing contributions and investment gains to be removed from the taxable estate. Roth conversions are efficient vehicles for legacy planning, passing assets on to heirs tax-free. Jing Zheng recommends setting aside a “legacy bucket” and investing it aggressively for long-term compounding. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling by 500 points. This comes amid concerns of rising inflation and interest rates, leading to investor unease.

2. A new study has found that eating a diet high in processed foods and sugar is linked to a higher risk of developing heart disease. The research showed that those who consumed more ultra-processed foods had a 40% increased risk of heart disease.

3. The United Nations reported that global temperatures are on track to rise by 1.5 degrees Celsius above pre-industrial levels within the next 20 years. This puts the world on a dangerous trajectory towards irreversible climate change and its devastating impacts.

4. The latest data from the CDC shows that COVID-19 cases are on the rise in several states, with a 30% increase in hospitalizations. Health officials warn that the Delta variant continues to spread rapidly, especially among the unvaccinated population.

5. In a landmark decision, the Supreme Court ruled in favor of upholding a woman’s right to choose in a case challenging restrictive abortion laws in Mississippi. The decision reaffirms the precedent set by Roe v. Wade and protects access to safe and legal abortion nationwide.



Read more at Yahoo Finance: 5 Ways To Build Generational Wealth Even in Retirement