Retirement delays rise amid worries over running out of money

Key insight: While California’s proposed billionaire tax has sparked discussion, another statewide proposal on the ballot would make permanent the increase in the top marginal tax rates, which range from 10.3% to 12.3%. Supporting data: Proposition 3 would affect nearly 376,000 taxpayers, compared with roughly 200 individuals who would be affected by Proposition 40, the…

People pass by a Nike store in New York, Sept. 29, 2026. KHemaz | GVN | Getty Images Nike on Thursday posted fiscal first quarter earnings that topped Wall Street’s expectations, even as sales fell short of estimates. Here’s what the company reported for the period compared to what analysts expected, according to consensus estimates…

The Westphal Company has secured $56.1 million in permanent financing for a 354-unit apartment complex in eastern San Diego County. Northmarq arranged the fixed-rate financing through the firm’s Fannie Mae platform. The nonrecourse loan carries a 10-year term with interest-only payments for the full term. SEE ALSO: Fortress Refinances Dania Design Center With $45M After…

Family Building Society has appointed Seb Mrotzek to the newly created role of chief operating officer (COO). He has experience working across banking, financial services, fintech, consulting and financial regulation. Mrotzek began his career at market intelligence company Datamonitor in 2002, before moving on to roles at Citigroup, Accenture, HSBC Global Asset Management, Barclays,…

At its 12th annual XYPN Live conference in San Diego this week, the fiduciary advisor network and business support platform provider announced it has partnered with Jump to provide members discounted access to the AI firm’s meeting preparation, note-taking, follow-up communications, CRM updates and account opening capabilities. Through the partnership, which launched Tuesday, XYPN members…