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How to avoid retirement crisis
SUMMARY: A concerning statistic reveals that one in five adults have no savings, indicating a looming retirement crisis, especially as baby boomers approach retirement. Financial expert Gregory Ricks emphasizes the need for individuals, even those as young as 30, to assess their savings and take advantage of compounding growth. The median savings for baby boomers is under $200,000, suggesting many have significantly less. Ricks advises utilizing tax-advantaged accounts like IRAs and 401(k)s, highlighting that participation can dramatically reduce retirement failure rates. He recommends saving 10-15% of income and urges the importance of having a Social Security strategy for a secure retirement plan.
More and more baby boomers are set to retire, but few are prepared to make ends meet.
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Sam Lucey's Friday Evening Forecast
SUMMARY: Sam Lucey’s Friday Evening Forecast reports that rainfall totals over the last 24 hours have significantly decreased compared to earlier in the week, with most areas receiving just a trace to under a quarter inch. Temperatures remain warm, reaching upper 80s to low 90s, maintaining a summerlike pattern. Tonight is mostly dry with a slight 20% chance of a stray shower and possible patchy fog early tomorrow. By tomorrow afternoon, showers and thunderstorms return with a 60% chance, increasing to 70% early next week. Rain chances are expected to decrease midweek, leading to hotter afternoon temperatures by late week.
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FIRST ALERT: More chances for rain this week, upcoming forecast (6/15/2025)
SUMMARY: Scattered showers and storms continued across South Mississippi over Father’s Day weekend and are expected to persist into Monday and Tuesday. A waterspout came ashore near Gulfport and Long Beach, quickly dissipating. While rain chances taper off overnight, daytime heating will fuel more storms early this week, with possible localized flooding due to saturated ground. A pattern shift later in the week will reduce storm coverage but increase temperatures. Highs will reach the low 90s on the coast and mid-90s inland by the weekend. Despite the heat, the tropics remain quiet with no development expected over the next seven days.
Meteorologist Taylor Graham has the latest on this week’s chances for rain and the upcoming forecast.
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Digital Desk: Scattered showers and storms expected this afternoon (6/15/25)
SUMMARY: Good morning South Mississippi, and happy Father’s Day! It’s a nice start with mostly clear skies and temperatures in the 70s and 80s. Expect increasing cloud cover and scattered showers and storms developing by the afternoon, especially around 2 to 3 PM. Some storms may produce frequent lightning, small hail, and gusty winds up to 40-50 mph, but no severe weather is expected. Rain chances continue through midweek, easing by Thursday or Friday as a high-pressure ridge strengthens, bringing lower rain chances and hotter temperatures. No tropical activity is expected in the Gulf or Atlantic over the next seven days.
Meteorologist Aaron Colby has an update on your Father’s Day forecast. He details the expected scattered showers and storms this afternoon.
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