Retirees: This investment gives you a guaranteed 5% safe withdrawal rate

A new Nashville hotel, museum, and Broadway musical were among the projects set to carry Dolly Parton’s legacy into a new chapter this fall. The country music superstar died on Tuesday in Nashville after “bravely facing a brief battle with cancer,” her representatives told Business Insider. She was 80. Before her death, Parton had been…

“Right now, we’re withdrawing about $100,000 a year from our investments.”

Lakeland: The Number Moved, Just Not Enough

The Building Societies Association (BSA) has become the latest signatory of the Mortgage Industry Mental Health Charter (MIMHC), endorsing its work to encourage positive mental health and wellbeing in the mortgage sector. The MIMHC was established in 2021 and brings firms from the mortgage and property finance industry together to support those dealing with…

More2life has launched an early repayment charge (ERC) free option for lifetime mortgages. The lender’s Apex Zero product aims to help borrowers who believe their circumstances might change within the period that ERCs would usually apply. The new option is available to applicants aged between 55 and 95 years old, and offers loan-to-values (LTVs) between…

Key Points Oracle (NYSE: ORCL) is down 56% from its peak about a year ago. The company’s stock surged after signing a $300 billion agreement with OpenAI. However, doubts emerged about whether OpenAI could fulfill its obligations under the agreement, which sent Oracle stock tumbling. Also, Oracle has had to borrow heavily to build the…