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Tag: fare

Retirees may fare worse reinvesting their IRA or 401(k) withdrawals under the Secure Act

Retirees may fare worse reinvesting their IRA or 401(k) withdrawals under the Secure Act

Finance
Planning to reinvest those pesky required withdrawals from your individual retirement account or 401(k) plan because you don't need the money?Under the Secure Act, a bill pending in Congress right now that aims to improve the nation's retirement savings, you'd have to start taking withdrawals from your IRA (and most other retirement accounts) at age 72 instead of 70 ½.The kicker: Due to the reduced time that the reinvested cash would have to grow, its value over time could be smaller under the proposed change than under current law.Allocating expenses into needs, goals and aspirations can help provide a better framework for managing your cash flow and living comfortably.Pascal Broze | Getty Images "You'd have more money in your IRA but less in the reinvested account," said certified financ
Ryanair post first loss since 2014 amid fare cuts

Ryanair post first loss since 2014 amid fare cuts

Business
Ryanair posted a net loss of €19.6m (£17.2m) for the last three months of the year, its first quarterly loss since March 2014.The airline carried 32.7 million passengers compared with 30.4 million for the same period a year earlier as revenue rose 9% to €1.53bn.But the airline said "excess winter capacity in Europe" cut its profit.Ryanair said chairman David Bonderman will leave in the summer of 2020.While the company blamed too many airlines chasing too few passengers, costs may be the real problem, industry experts said.The company's fuel bill leapt 32% and its staff costs rose 31%. In total, Ryanair's operating costs rose 20% to €1.54bn."The heart of the big drop in their profitability is that their fuel costs are very high this ye...
Mice raised communally fare better as adults

Mice raised communally fare better as adults

Science
Nov. 16 (UPI) -- It takes a village to raise a child -- and to raise a mouse. According to a new study, mice raised communally benefit from a competitive advantage as adults. The new research was published this week in the journal Scientific Reports. "Female house mice pursue two flexible social strategies, either raising their offspring in communal or single nests," Stefan Fischer, researcher at the University of Liverpool, said in a news release. "This makes them an ideal model species to study how these different approaches shape future development." The decision to raise mice communally or in a single nest is influenced by a variety of local conditions, including the levels of social competition, but until now, scientists hadn't measured the effects of rearing decisions on adult behav...
New Year rail fare hikes at five-year high

New Year rail fare hikes at five-year high

Business
Commuters are being "priced out of going to work" by the largest rail fare increase in five years, according to a campaign group.Passengers catching a train on the first working day of 2018 will be hit with an average ticket price rise of 3.4%, with some commuter routes set for price hikes of more than £100.There are protests planned at around 40 railway stations up and down the country on Tuesday, with some commuters spending up to five times as much of their salary on season tickets as people on the continent.:: Top five average increases by operator:4.7% - Northern.4.6% - TransPennine Express.4.1% - CrossCountry.3.6% - Merseyrail.3.4% - Virgin Trains East Coast, Greater Anglia, London Overground and TfL Rail Travelcards and price caps.:: 'Raw deal': Trains must be run for passengersImag
Rail fare rise biggest for five years

Rail fare rise biggest for five years

Business
Train fares in Britain will go up by an average of 3.4% from 2 January.The increase, the biggest since 2013, covers regulated fares, which includes season tickets, and unregulated fares, such as off-peak leisure tickets.The Rail Delivery Group admitted it was a "significant" rise, but said that more than 97% of fare income went back into improving and running the railway.A passenger group said the rise was "a chill wind" and the RMT union called it a "kick in the teeth" for travellers.The rise in regulated fares had already been capped at July's Retail Prices Index inflation rate of 3.6%.The fare increase is above the latest Consumer Prices Index inflation figure of 3%, which was a five-and-a-half year high. Are you joining the '£5k commuter club'?The chief executive of passenger watchdog