AISD instructor is working 50 miles to boost cash for college students

Posted: May 14, 2021 / 2:25 am CDT
Updated: May 14, 2021 / 02:29 AM CDT

AISD Teacher Runs 50 Miles on May 15, 2020 to Raising Funds for Students (KXAN)

AUSTIN (KXAN) – For the second year running, a first grade teacher in the Austin Independent School District walks 50 miles in one day to raise money for their students.

AISD Teacher Runs 50 Miles on May 15, 2020 to Raising Funds for Students (KXAN)

Luis Reséndiz, a bilingual teacher at Ridgetop Elementary School, is collecting donations for the next school year. He did the run last year and raised more than $ 11,000 for his students.

His goal, which starts at 7 a.m. on Friday, is to run 50 miles in less than eight hours.

He’s doing a 1 mile loop near the school in Central Austin.

Those who want to support his fundraiser can make a contribution Fundraiser website.

Methods to keep away from operating out of cash in retirement

Are you afraid of running out of money in retirement? This is a legitimate concern for people living longer than ever before.

Living a long and healthy life is a fantastic thing. Your retirement time should be spent enjoying it and not worrying about whether or not your wealth will last. Here are five strategies that can help you reduce your anxiety.

1. Establish a budget and follow it

You may know that you should be more withdrawn before you retire, but you don’t see where it could possibly come from. If you are in a position not to save excess money, try setting a budget.

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The first thing to do is keep track of how much you are spending and make sure that you include all of your monthly purchases from largest to smallest. After you have a good idea of ​​how you are spending your money, it’s time to categorize your spending. What’s bare-bones like your rent or mortgage versus things you just want like the latest cell phone upgrade? What are fixed costs like a car license and which ones vary like your electricity bill? Items that are wanted instead of needed can be removed more easily, so you can save more. Variable expenses can potentially be reduced and redirected towards your savings.

2. Save more money before you retire

The more money you can raise before you retire, the less likely you are to run out of money. If you’re not taking full advantage of a retirement account like a 401 (k) or an IRA, these accounts should be given a boost with the extra money you’ve identified and saved from your budget. Adding money to these accounts can potentially result in tax savings and increase tax latency. Once you’re 50, you can set aside $ 1,000 more each year for an IRA and $ 6,500 more for a 401 (k) per year in a catch-up scheme.

If you are already depositing as much as you can into these accounts but have more to spare, you can consider depositing money into a non-retirement account. You won’t get the same type of tax savings, but you will still be adding to your retirement goals. When you invest, you can also benefit from stock market growth and compound interest.

3. Keep investing in growth

People aged 85 and over are the fastest growing age segment in the United States. So if you retire at age 65, you can potentially live in retirement for well over 20 years!

An important determinant of your risk tolerance and your asset allocation model is your time horizon. If it’s longer now because of increased life expectancy, you may be taking a slightly higher risk even after you’ve stopped working. That way, you can keep holding some stocks for growth rather than completely converting your accounts into bonds and cash after you retire.

4. Create multiple sources of income

As long as you are entitled to social security, you are entitled to income benefits from the age of 62. But Social Security will likely only replace around 40% of your income, and many experts agree that you should replace at least 80% of your early retirement income.

Some people are lucky and have a pension they can count on, but most supplement their social security with their investment accounts. One way that income can come from your retirement accounts is in the form of a payout. Every time you withdraw funds from your accounts, your balance will be reduced so you shouldn’t withdraw too much. A good payout rate is 4%.

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Another way to get income from your investment accounts is through income-generating investments like dividend stocks or interest-bearing bonds. It may be difficult to get as much income as you need from these types of investments, but they don’t reduce your equity like withdrawals do.

5. Consider working part-time

Even after all of this, it is possible that you may not have enough cash to cover your retirement expenses. If so, remember to work longer. As much as you may fear this, it is important to remember that work can be redefined in retirement. After you retire, all you have to do is work enough to supplement the other sources of income.

Imagine making $ 75,000 on the job. If you want to replace 80% of that, you need an income of $ 60,000 every year. If Social Security replaces 40% of your early retirement income, or $ 30,000, your other sources of income, including part-time work, should replace the other $ 30,000. You may be able to do this part time.

Drastically simplifying your lifestyle and living on a steady income probably won’t fit into your retirement plan. The lack of money is something that plagues and worries many retirees but can be avoided entirely. With careful planning, your years of hard work can pay off and you can enjoy your retirement life to the full.

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New York is operating 1,000 genome exams every week to search for Covid variants

Scientists work in a laboratory testing COVID-19 samples at the New York City Health Department during the coronavirus disease (COVID-19) outbreak in New York on April 23, 2020.

Brendan McDermid | Reuters

New York State runs about 1,000 genome tests every week to look for new, contagious variants of Covid, said state health commissioner Dr. Howard Zucker, at a news conference on Friday.

“The new varieties are terrifying: the British variety, the Brazilian variety, now the South African variety,” said Governor Andrew Cuomo at the briefing. “The British variety is here.”

Zucker said the state has done about 6,000 genome tests so far and only found the strain that came from the UK. New York officials have so far identified 25 of these cases, including two new cases in Westchester County and one new case in Kings County. Said Cuomo. According to Zucker, there were no deaths in these cases.

British Prime Minister Boris Johnson told reporters on Friday that there was “some evidence” of the mutated tribe could also be more deadly than the originalwhich has its origin in Wuhan, China.

The Centers for Disease Control and Prevention previously said there was no evidence that any of the new variants were more deadly or causing more serious illness.

When asked about the potential for higher mortality associated with the British tribe, Zucker said he was in contact with the British science advisor and the evidence is still preliminary.

“The fact that it’s more communicable means there will be more cases. If there are more cases, there will be more hospitalizations, and obviously if there are more hospitalizations there is an obvious risk of more deaths,” Zucker said.

At the meeting, Cuomo said he hoped President Joe Bidens The new administration will boost vaccine production and allow increased vaccine distribution. New York gave more than 975,000 people at least one dose of the vaccine on Thursday, according to the state Vaccine tracker.

“The British tribe is spreading. We still only have a vaccination rate of 60% to 70% of our hospital workers. This is a problem,” said Cuomo.