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Seizavisuals | E+ | Getty ImagesAs year-end approaches, some older Americans must soon take required withdrawals from retirement accounts — and there are several options if you don’t need the money, experts say. Most retirees must take required minimum distributions, or RMDs, from pretax retirement accounts starting at age 73 or face an IRS penalty. The first deadline is April 1 of the year after turning 73, and Dec. 31 is the due date for future years. But some retirees have “a lot of guaranteed income” before RMDs, or spend less than they have coming in, according to Judy Brown, a certified…

Robust backing from the government and a desire to stage big-ticket events make India a strong candidate to host the 2030 Commonwealth Games, a top Indian Olympic Association (IOA) official told Reuters. The world’s most populous nation is bidding for the 2030 edition of the Commonwealth Games in Ahmedabad to boost its bigger dream of hosting the 2036 Olympic Games at the western Indian city. A Commonwealth Sports delegation visited Ahmedabad last week to share their experience from the previous Games and help the Indian organisers prepare a comprehensive bid to be submitted by the August 31 deadline. “First and…

Solstock | E+ | Getty ImagesHaving a low credit score can come at a significant cost, according to recent data.Americans with a credit score of 620 or below pay about $3,400 per year for essential financial products in what Bankrate, in a new report, calls a “subprime tax.”The “subprime tax” comes in the form of higher interest rates on products such as mortgages, credit cards, auto and personal loans, and pricier premiums on auto and home insurance.Borrowers with a score of 620 pay, on average, $1,330 more annually in mortgage loan interest than those with credit scores of 700, Bankrate found. Compared…

Italian orienteering athlete Mattia Debertolis died on Tuesday at the World Games in Chengdu, China after collapsing during competition, organisers said. Debertolis, 29, was found unconscious during an orienteering event on August 8 and died four days later, said a joint statement from World Games organisers and the International Orienteering Federation (IOF). The World Games is a multisport event held every four years for disciplines not included in the Olympics. “Despite receiving immediate expert medical care at one of China’s leading medical institutions, he passed away,” the statement said. It did not provide details on the cause of death. Orienteering…

MUMBAI: Indian captain Harmanpreet Kaur on Monday said the team was determined to break the “final barrier” and lift their first ICC Women’s World Cup title this year after missing out twice previously. The 13th edition of the women’s showpiece 50-over tournament will begin on Sept 30, with co-hosts India set to face Sri Lanka in the opener in Bengaluru. The Indian women made it to two ODI World Cup finals but lost on both occasions — going down to England by nine runs the last time around in 2017 at Lord’s. Kaur, who made a valiant 51 runs in…

CHENGDU: Pakistan’s Mohammad Asif mounted a spectacular comeback to overcome Germany’s Alexander Widau 2-1 in a pulsating Group ‘B’ clash at the Civil Aviation Flight University’s Tianfu Cam­pus Gymnasium during the World Games on Monday. The high-stakes encounter had fans gripped as momentum swung wildly between the two maestros. Widau drew first blood, dominating the opening frame 43-29 with clinical precision. Undeterred, Asif responded with a masterclass in the second frame, crafting a tournament-high break of 109 to level the match with a resounding 116-09 frame score. The deciding frame proved a tense, cautious affair. Pakistan’s most decorated cueist ultimately…

Trump rings the opening bell on the trading floor of the New York Stock Exchange (NYSE) on December 12, 2024 after being named TIME’s “Person of the Year.”Spencer Platt/Getty Images The Trump administration is teeing up what could be the biggest shakeup in U.S. housing finance since the 2008 crisis—a pair of IPOs that might value Fannie Mae and Freddie Mac at a combined $500 billion. The plan, which was first reported by The Wall Street Journal and is still being finalized by the administration, would see the federal government sell between 5% and 15% of each company, potentially raising…

LONDON: Crystal Palace twice came from behind to stun a new-look Liverpool and win the Community Shield for the first time on penalties after a 2-2 draw at Wembley on Sunday. New signings Hugo Ekitike and Jeremie Frimpong scored for the Premier League champions, but Palace responded through Jean-Philippe Mateta and Ismaila Sarr before winning an error-strewn shootout 3-2. Mohamed Salah blazed over from the spot, while Alexis Mac Allister and Harvey Elliott were denied by an inspired Dean Henderson as Palace built on winning their first ever major trophy by beating Manchester City in May’s FA Cup final. The…

CINCINNATI: Jannik Sinner and Aryna Sabalenka got their title defenses off to smooth starts as they powered into the third round of the ATP-WTA Cincinnati Open on Saturday. The men’s and women’s top seeds, each ranked number one in the world, were both competing for the first time since Wimbledon — where Sinner lifted the title and as Sabalenka bowed out in the women’s semi-finals. Sinner crushed Colombian Daniel Elahi Galan 6-1, 6-1 in steamy afternoon weather while Sabalenka beat 2023 Wimbledon champion Marketa Vondrousova 7-5, 6-1 under the lights of the night session. Sabalenka needed 54 minutes and a…

Oleksandra Yagello | Moment | Getty ImagesAs some popular travel credit cards boost annual fees and amend benefits, experts say it’s time to reassess which cards — if any — merit a spot in your wallet.”Annual fees are not inherently bad; you just need to make sure that you’re getting value from [the card],” said Ted Rossman, an industry analyst at Bankrate. “It’s getting harder to maximize, though.”In June, the Chase Sapphire Reserve card raised the annual fee to $795. That’s a 45% jump from $550, its previous annual cost.More from Personal Finance:Paying for college gets increasingly difficult as tuition…