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Young people, in particular, "don't understand the concept of compounding interest," he said.
The earlier people start to save, the more secure they will be in retirement, Pavia explained.
"You start with a retirement plan at age 22, and that money works for them and grows in that IRA for, say, 40 years, all of a sudden this young person is looking at $2 [million] or $3 million at the end of the rainbow."
What's more, the once-secure days of lifetime jobs, pension plans and corporate hand-holding are over—probably for good. "These days, there are 401(k)s not pension plans," he said. "People are being asked to create their own retirement plans [and] to take on a lot of responsibility."
So what's a person who is less than literate in personal finance to do? Hire a financial advisor, for starters.
"I believe individual investors at every age level can benefit from the financial know-how of a financial advisor," Pavia said. That includes people earning $30,000 per year as well as those raking in $30 million, he explained. "The belief that only the rich or 'uber-wealthy' require the assistance of a financial advisor is simply not true. After all, everyone—at any financial status in life—wants to be comfortable and happy and to have some financial security," he said.
Through a series of special reports and video segments, CNBC's FA Hub provides investors with straightforward, informative and relevant content that will make investment planning and strategies more transparent and easier to understand.
LAS VEGAS -- Jailed Nevada rancher Cliven Bundy refused Thursday to acknowledge federal authority and declined to enter a plea to federal charges that he led an armed standoff against a round-up of cattle two years ago.
After several minutes of confusion about whether Bundy had a lawyer, U.S. Magistrate Judge Carl Hoffman entered a not guilty plea on Bundy's behalf and scheduled a detention hearing March 17.
Arguments then will focus on whether the 69-year-old Bundy should remain in custody pending trial on 16 charges, including conspiracy, assault and threatening a federal officer, obstruction and firearms offenses.
It could be many months before trial. Federal prosecutor Steven Myhre told the judge the case involving 19 defendants would be slow-tracked as "complex."
"I make no plea before this court," Bundy said, standing in a courtroom full of family members, friends, media, court officials and U.S. marshals.
Bundy wore a maroon-colored Henderson city jail uniform, with his ankles shackled and his hands free during the 15-minute hearing. He waved before the hearing to his wife, Carol Bundy, and several adult children and supporters among about 40 people in the courtroom audience.
Joel Hansen, a Nevada attorney who has represented property rights advocates in a number of cases in the state, served as Bundy's attorney. But Hansen told the judge that Bundy plans to get another lawyer for trial.
Hansen said Bundy's refusal to enter a plea was a statement that he couldn't have done anything wrong because federal law doesn't apply.
Bundy has consistently denied U.S. government authority over rangeland around his 160-acre cattle ranch and melon farm in Bunkerville, about 80 miles northeast of Las Vegas.
Federal BLM officials said in 2014 that he owed more than $1.1 million in fees and penalties for grazing hundreds of cows illegally for about 20 years.
"Mr. Bundy feels like he needs to stand up for the rights of all Americans in all states, and for the states to be the owner of public land and not the federal government," Hansen said outside court. "In the West, the government owns most of the land. He thinks that's wrong."
Bundy's second court appearance in Nevada drew about 100 protesters, including some carrying guns on their hips and others wearing cowboy hats, waving American flags and toting signs calling for Bundy's release. Nevada allows open-carrying of guns.
The scene was peaceful, with chants like "U-S-A!" and "The FBI lied and a man died!" and "Wake up America!" directed toward passing vehicles. The death referred to the fatal shooting on Jan. 26 of Robert "Lavoy" Finicum by Oregon state police.
Here's a look at claims by witnesses and supporters versus findings in the police investigation into the shooting of Oregon standoff spokesman LaVoy Finicum involving state troopers and FBI agents.
In Oregon, the Deschutes County Sheriff's Office released hundreds of pages of documents Thursday including forensic reports and interview transcripts from its investigation of Finicum's death. The 55-year-old from Cane Beds, Arizona, was a key figure in the occupation of the Malheur National Wildlife Refuge.
A prosecutor in Oregon determined this week that the shooting was justified. Two officers said they believed Finicum was moments away from drawing his pistol and shooting one of their colleagues.
"I didn't want to wait for him (Finicum) to bring out a firearm, because I knew that by the time that I was able to recognize and deal with it, that he could have very likely shot" the third officer, one state trooper told investigators.
In Las Vegas, uniformed and plainclothes police and U.S. marshals remained largely unseen, but cameras in a conspicuous portable police surveillance tower kept close watch on the demonstration. No arrests were reported.
Jaime Spears, who traveled from St. Augustine, Florida, sold $20 T-shirts bearing the phrase "Whatever it takes." It recalls Bundy's vow to resist a federal Bureau of Land Management round-up of cattle from public rangeland in the protected Gold Butte area around his ranch.
"We're thanking everyone for their support and their prayers," Carol Bundy said on the sidewalk. The mother of 14 maintained the federal government has no jurisdiction to hold her husband and four of her sons, who are among 19 people charged in the April 2014 standoff.
Bundy was arrested Feb. 10 when he arrived at Portland International Airport on his way to visit sons Ammon and Ryan Bundy in jail. They were arrested Jan. 26 on charges that they led a 41-day armed occupation of a federal wildlife refuge near Burns, Oregon. Cliven Bundy was returned last week in custody to Nevada.
Convictions in the case in Las Vegas could result in penalties up to life in prison.
Coaches � whether at the high school, college or professional levels are usually prominent figureheads in their community.
Some embrace the fame, some are numb to it and others let it spiral their egos into something not normal of this world.
Recently, at a University of Alabama press conference, head coach Nick Saban showed his ego, among showing something else, when asked about an article in Sports Illustrated that was written about his senior quarterback A.J. McCarron.
�Do you think I just sit around and look at magazines? You always come in here and ask a question that I know nothing about,� Saban snidely rebuked.
All of that from Saban was 100 percent unnecessary and I believe, 100 percent false.
What college coach, especially one as meticulous as Saban, is not going to read a story on his star player in the nation�s largest sports magazine?
The point is if Saban did not like the question, he could have simply said �no comment,� or �I don�t think I need to answer that question.� He didn�t have to go all power trip Nick or jerk Nick.
In this business of coaching and sports journalism, things work out best if there is a symbiotic relationship.
Coaches need us, so that people know who they and their players are � to give them ink in the paper or press on the web.
In turn, we need them as well, or else who would we write about and why would we have jobs.
In Craven County, for the most part, we don�t have any problems with our coaches and I can say that in my experience of four years as a sports reporter, I can count on one hand the number of run-ins or confrontations I�ve had with coaches or players.
Personally, I am just my friendly, southern self.
Most of them enjoy that and it creates positive, good relationships which leads to access to information others may not have.
For those that don�t, I look at it as their problem.
I think it is clearly evident that I love what I do and I feel that I am doing what the man upstairs put me on this earth to do. That�s a powerful feeling I have to tell you.
My father and I used to lie in the floor during college hoops or NBA basketball games with a composition book and an ink pen and keep score of the games as they played out.
I loved it and still do it on my own.
In summation, I pledge to always be honest and respectful with our players and coaches and expect the same in return.
This is about the athletes, be it kids or adults, that we cover and the coaches that lead them, however, I pull for our area teams to do well because it creates great stories for us to turn to print.
Thanks to all of our coaches for remaining easy to deal with for the most part and hopefully I have been and will be the same to you.
WE CARE Day melted away preconceptions and got people of all abilities mingling in a celebration of inclusion and diversity.
Now in its fourth year, We Care Day event producer Paula Dowd said it had been the biggest festival yet.
"We believe it may be the only all-inclusive community event left on the Mid North Coast now," she said.
The festival featured stalls from different local support groups, food vendors from a whole host of cultures, sporting heroes and plenty of performances on the main stage.
"This year's program was the most diverse," Ms Dowd said.
Ms Dowd said purpose of We Care Day was to celebrate and recognise that people of all ages, abilities and cultures shape the community we live in.
"Everyone has different talents and abilities and today we have seen people of all backgrounds come together to participate in another successful event."
"We Care Day is not about fundraising, it's about encouraging an inclusive Coffs Coast."
Gold medallist wheelchair rugby Paralympian Ryley Batt was a hit on the Wheelchair Sports stage, spending all day playing with the kids who came to the "come & try" zone.
"This has been an amazing day, it has been great to get amongst and play a few games with the local kids. They have been awesome. I hope to see you all again in 2017," he said.
Manchester United have held talks with representatives of Jose Mourinho.
The Special One has been out of work since he was relieved as his duties as Chelsea boss last December.
But according to the Manchester Evening News, he could be in the dugout at Old Trafford next season.
They claim Old Trafford chiefs held talks with the Portuguese’s agent, Jorge Mendes, yesterday evening and that the former Inter Milan boss could succeed Louis van Gaal at the end of the season.
Meanwhile, the Red Devils will face competition for Barcelona hitman Neymar from their local rivals Manchester City.
According to the Daily Mirror, incoming City boss Pep Guardiola is eager to bolster his attacking options at the Etihad and could be tempted to make a move for the Brazilian.
They also claim the former Barca boss is willing to meet the 23-year-old’s jaw-dropping £145m buy-out clause.
And finally, United are set to reignite their interest in Athletic Bilbao defender Aymeric Laporte.
That’s according to the Marca, who claim the three-time European Cup winners will make an ‘imminent' approach to the La Liga club.
KUWAIT: HH the Amir Sheikh Sabah Al-Ahmad Al-Sabah yesterday renamed outgoing Prime Minister HH Sheikh Jaber Al-Mubarak Al-Sabah to form the next Cabinet. The decision came after the Amir held consultations with former speaker Marzouq Al-Ghanem and former prime minister HH Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah, in addition to Sheikh Jaber himself. Former three-time speaker and opposition leader Ahmad Al-Saadoun was not present at the consultations.
Sheikh Jaber was first appointed to the post in late 2011 after the resignation of Sheikh Nasser. He has to form the new Cabinet before Dec 11 when the National Assembly is scheduled to hold its first meeting. Newly-elected MPs have called on the prime minister to carefully read the outcome of the general polls, in which the opposition won almost half of the 50 seats.
Meanwhile, opposition MPs held their first coordination meeting hosted by veteran opposition MP Mohammad Al-Mutair. The meeting was attended by 25 lawmakers and two more who could not attend said they support its decisions. Mutair said the meeting discussed at length the issue of electing the speaker, as three opposition MPs have said they will contest. Mutair said he decided to withdraw from the race in favor of MPs Abdullah Al-Roumi and Shuaib Al-Muwaizri. A four-MP committee was also formed to study the cases of Roumi and Muwaizri in order to try and help select one of the two.
Their next meeting will be held on Saturday with the aim to resolve the speakership issue and come up with one candidate to face off with Ghanem, who is expected to run. Several lawmakers have openly called for electing a new speaker to replace Ghanem. MP Yousef Al-Fadhalah, who did not attend the opposition meeting, called on his Twitter account on the government to refrain from voting in the election of the speaker and other posts in the Assembly, including panels.
MP Mohamamd Al-Huwailah also said the present political situation requires the election of a new speaker for the new Assembly. Mutair said the meeting also discussed how to tackle the most urgent issues of revocation of citizenships and scrapping laws passed by the previous Assembly, which curb public freedoms. The meeting agreed to prepare a roadmap for dealing with the legislative requirements in the new Assembly. They agreed the need to amend the voting system, prohibit withdrawal of citizenships without a court ruling and propose economic reforms and measures that do not add any burden on citizens.
Newly-elected Islamist opposition MP Abdullah Fahhad said two messages have already been sent to the government – one by the ballot boxes and the second by the opposition MPs’ meeting yesterday. He said the government must understand these messages. MP Hamdan Al-Azemi said the threat to dissolve the Assembly no longer scares opposition MPs. He said he expects the new Assembly to be dissolved and fresh elections in Jan 2018. New MP Ahmad Al-Fadhl, the son of late pro-government MP Nabil Al-Fadhl, strongly criticized the opposition lawmakers’ meeting, saying such meetings divide the Assembly.
Re "Azores Summit Ends in Ultimatum to U.N.," March 17: Webster's defines "diplomacy" as "the art and practice of conducting negotiations between nations." But the Bush administration seems to have its own definition of the word. President Bush's "final diplomatic effort" has nothing to do with negotiating a peaceful solution to the standoff with Iraq and everything to do with seeking political cover for his rush to war.
While claiming he didn't need United Nations approval anyway, Bush said he would call for an immediate vote on a new resolution, daring Security Council members to "show their cards." Nearly two weeks later, realizing he had overplayed his hand and didn't have anywhere near the nine votes he needed, he decided he didn't want to see the cards after all. Instead, he points a finger at France and claims it ruined the game. Now he and British Prime Minister Tony Blair have offered the members of the U.N. Security Council an ultimatum, but no real choice: Either authorize the use of force or don't, and we'll attack anyway. By anyone's definition, that is not diplomacy. It's just a variation on the old trick, "Heads, I win; tails, you lose."
The one-hour summit in the Azores was billed as a final effort at a diplomatic solution. Bush met with Blair and Spanish Prime Minister Jose Maria Aznar, who support his view. Wouldn't real diplomacy involve getting together with people on both sides of an argument and trying to resolve differences?
How can the Bush administration call it a "coalition of the willing" when it is being formed by anything but the will -- including fear of retaliation, arm-twisting, bribes and other means.
There are no more choices or options and haven't been for some time. In our hearts we know Saddam Hussein has the weapons and chemicals and is a real threat. Now is the time to unite and support our president and those men and women who are out there to keep America safe and secure.
If Hussein does possess chemical and biological weapons, wouldn't going to war with him be a foolish way to find out?
Sunday night, as I stood on a corner in Pasadena holding candles with my wife and two young boys, our president declared that a diplomatic solution in Iraq was all but dead. As I thought about the innocent lives that would soon be lost I realized the hypocrisy of our government in demanding that Iraq accept the will of the international community, while we refuse to do the same.
In "Being Antiwar Isn't Enough" (Opinion, March 16), Daniel Terris uses the phrase "rush to war" no fewer than seven times. If there really was a "rush to war," the war would have been over months ago. Terris employs the typical liberal dogma that if you repeat a lie often enough it will become the truth.
So the simple-minded description of "shock and awe" is the latest Pentagon buzzword for an American blitz against Iraq (Opinion, March 16). "Operation Bloody Slaughter" would be a more appropriate title.
Looking at that little 6-year-old girl lifting the kitchen tablecloth ("Iraqis Prepare to Hunker Down," March 14), showing off her family's candles and kerosene, my heart swelled with pride for my country knowing that when the bombs start falling on Baghdad, if my tax dollars don't kill her then they will kill kids like her. Gee, where is my flag? I really need to wave it!
Your March 14 editorial "The Right Way in Iraq" proposed the commendable course of continued diplomatic efforts. Unfortunately, recent history shows that diplomacy fails when confronted with the baddies of the world. Diplomacy did not work in Kuwait (1990-1991), Bosnia (1995), Kosovo (1999) or Afghanistan (2001). The Milosevics, Mullah Omars and Husseins of our time just do not respond to diplomacy -- to believe otherwise is also to believe in the Tooth Fairy.
What can you tell me about E-Z Herbal Weightloss Tea? I've been doing a lot of research and it seems safe. What side effects are there? Is it really herbal and completely natural as they claim? I need advice on whether to buy this product or not. Thank you.
Welcome to EmpowHER. Some research’s suggest that some types of tea contains a high amount of antioxidants called polyphenols, which might increase fat loss by boosting your metabolism and burning fat stored in your body. To know if you should be taking this for weight loss, it would be best to discuss with your doctor it all depends on your medical history. Hope this was helpful?
MEXICO CITY – A Gulf cartel leader in the northeastern Mexican state of Tamaulipas was captured by marines, National Security Commissioner Monte Alejandro Rubido said.
Juan Manuel Rodriguez Garcia was on the list of top criminal targets identified by the federal government earlier this month as part of the new law enforcement strategy for Tamaulipas, the security official said.
The Gulf cartel boss was arrested in San Pedro Garza Garcia, a city in Nuevo Leon state, where he had fled due to the stepped up federal security operations in Tamaulipas, Rubido said.
The 39-year-old Rodriguez, who was born in Nuevo Leon, was captured outside a hotel without any shots being fired, Rubido said.
The suspect was behind numerous violent acts, including the “wave of violence in the cities of Reynosa, Rio Bravo, Matamoros, Tampico and Vallehermoso,” Rubido said.
“He was responsible for smuggling drugs, money and arms across the border bridges,” Rubido said, adding that the suspect ran extortion rackets targeting other gangs that tried to use the international crossings.
Investigators suspect that the cartel boss was behind the mass kidnappings of Central American migrants, who were forced to work for the criminal organization under threat of death, the national security commissioner said.
Rodriguez took over the Gulf cartel’s leadership following the August 2013 arrest of Mario Armando Ramirez Treviño, but “not everyone accepted” being under his command, leading to internal fighting and “a surge in violence in Tamaulipas,” Rubido said.
The federal government said earlier this month it was deploying more security forces units in Tamaulipas and planned to purge the state’s law enforcement agencies in an effort to stop the surge in drug-related violence.
Patrols will be stepped up at ports, airports, customs posts, border crossings and highways, with inspections of prisons and nightspots where criminal activities occur being expanded, Osorio Chong said.
The Gulf and Los Zetas drug cartels have been fighting for control of Tamaulipas and smuggling routes into the United States for years.
After several years as the armed wing of the Gulf cartel, Los Zetas went into the drug business on their own account in early 2010 and now control several lucrative territories.
The Gulf cartel, one of Mexico’s oldest drug trafficking organizations, was founded by Juan Nepomuceno Guerra in the 1970s and was later led by Juan Garcia Abrego, who was arrested in 1996 and extradited to the United States.