Whartons Olivia S. Mitchell states the stark truth about saving: Lets be honest, saving is no fun. People dont get utils (or utility) out of saving. They get utils out of spending. Therefore we must devise new ways to make saving more enjoyable.

Retirees can get those utils if their savings, including pensions or annuities, are sufficient to finance their lifestyle and health needs. Much depends, of course, on how wisely they saved and invested pre-retirement, as well as their spending patterns in retirement. Driving all that are several behavioral factors, which a recent Wharton conference explored.

About 30 experts delved into these and more topics at the 2024 Pension Research Council symposium, titled Retirement Saving, Investment, and Spending: New Lessons from Behavioral Research. Mitchell, a professor of business economics and public policy as well as executive director of the Council, joined Wharton finance professor Nikolai Roussanov to host the two-day event, which marked the Councils 70th anniversary.

The symposium explored key behavioral factors impacting retirement wealth creation, including conscientiousness and emotional stability, how long people expect to live, how much they expect to spend in retirement, and the decline of cognitive skills with advancing age. Other factors include gender differences placing women at a disadvantage in their wherewithal to save, and shortcomings in retirement plan design.

Knowledge of retirement saving opportunities, along with financial literacy and numeracy, are, of course, prerequisites for retirement preparedness, but they are not enough. Noncognitive skills soft personality traits like conscientiousness, stress resistance, grit, and locus of control (peoples beliefs about the extent to which they can control events in their lives) also impact retirement readiness, according to Kim Peijnenburg, a professor at the EDHEC Business School in Nice, France.

Conscientiousness reflects the tendency to be organized, practical, persistent, self-disciplined, and achievement-oriented. It is the most important of the Big Five personality traits affecting financial decisions, Peijnenburgnoted. The other four are openness to experience, extroversion, agreeableness, and neuroticism.

Peijnenburg and EDHEC colleague Gianpaolo Parise reported that those with high conscientiousness plan systematically for retirement, and they also have more financial wealth than those at the other end of the spectrum. Their study included 13,145 individuals in the Netherlands, between 2008 and 2017.

The top finding was that people in the lowest quintile of emotional stability had a 10% higher probability of being in financial distress, such as being irregular with mortgage payments or rent or utility bills. By contrast, those in the highest quintile of conscientiousness and emotional stability had only a 1% probability of being in financial distress.

Peoples perceptions of their own longevity also have implications for their retirement planning. According to Arizona State University finance professor Rawley Z. Heimer, many underestimate how long they will live when they are young, which leads them to consume and spend recklessly, save less, and make suboptimal decisions for retirement planning. But as they get older, they overestimate their lifespans, rein in spending, and go slow on drawing down their retirement assets. Somewhere between those two states, they realize they havent saved enough for retirement and start to invest more in stocks.

People who lean toward subjective beliefs tend to have incorrect forecasts about several economic variables, such as housing prices, stock market returns, and their own employment. Those who rely on actuarial probabilities an objective approach might save more for retirement, he noted.

Neighbors, peers, family members, coworkers, and financial advisors also shape how much people save for retirement. Michael Haliossos, chair of microeconomics and finance at Goethe University in Frankfurt, shared his research findings exploring how others help boost wealth accumulation.

One of his projects studied neighbors peer effects, using data from a Swedish refugee allocation program between 1987 and 1991. The authors tracked participants for the next 10-20 years to identify outcomes in private retirement accounts and stockholding. The top finding was that having more neighbors with college-level economics or business education promoted immigrants retirement saving. Another finding was that refugees with a high school certificate and who had neighbors with degrees in business and economics were more likely to be participating in private retirement accounts and hold stock over the next 10 to 15 years.

A second project studied the effects of greater local wealth inequality on peoples later wealth mobility. In such a setting, college-educated households took on more asset risks later in life, such as investing in stocks, housing, and self-employment. Thus, they achieved greater wealth, whereas others who were not similarly motivated were left behind. The implication of those findings is that policymakers need to find ways to empower less-educated households in their financial behavior, Haliossos said.

A different project compared advice on the share of risky assets in retirement saving portfolios given by professional financial advisors with advice provided by lay advisors, such as family and peers. He found that professional advisors tended to recommend a lower allocation to risky assets for retirement than lay advisors. Also, professional advisors were influenced by their own income, age, risk aversion, and risk exposure in their own portfolios, when they offered clients advice. The final study looked at the effects on financial behavior of stress caused by events like the COVID crisis, a financial crisis, or a war. This study showed that such cognitive loads preoccupy ones mind, draining peoples ability to concentrate and perform important tasks.

Lets be honest, saving is no fun. People dont get utils (or utility) out of saving. They get utils out of spending. Olivia S. Mitchell

Behavioral factors also influence opportunities women get to save for retirement, compared to those for men. Motherhood and caregiving burdens mean that women have fewer years than men in the paid workforce, lower income trajectories, and a higher incidence of part-time work, said Vickie Bajtelsmit, professor emerita of finance at Colorado State University, who has researched the gender gap in retirement saving.

Consequently, women are penalized both in their employer retirement plans and in Social Security. Segregation also reduces their opportunities to earn and save: The top occupations for women remain teaching, nursing, retailing, and social work, Bajtelsmit noted.

Although conventional wisdom holds that women are more conservative investors than men, Bajtelsmit said that this is an incomplete story. Instead, their lower retirement wealth is mainly due to gender differences in labor markets and household responsibilities. For this reason, solutions to bridge the gender wealth gap must also focus on the labor market and lifelong financial literacy education. Solutions could include continued pressure on the gender pay gap, providing women with broader retirement plan access, and prorated benefits for part-time work, she said.

Older Americans face yet another set of challenges, including mild to severe cognitive impairments that affect their abilities to make financial and health decisions. These impact Social Security claiming choices and end-of-life transfers of wealth. At the same time, many people lose important resources such as social networks and community interactions as they age. Aging is also associated with losing loved ones, including their spouses, friends, and people of the same age.

Such cognitive, contextual, and psychosocial variables are key determinants of decision-making ability, according to Patricia Boyle, professor of behavioral sciences and neuropsychology at the Rush Alzheimers Disease Center in Chicago, and Gary Mottola, research director for the FINRA Investor Education Foundation. They shared findings from the Rush Memory and Aging Project, which has tracked about 4,000 older adults from the Chicago area annually since 1987.

Difficulties in making financial choices and understanding the factors at play seem to be an indicator of adverse health outcomes to come, Boyle noted. Someone who has trouble with difficult choices is more likely to develop dementia, for example, or go on to develop more cognitive problems over time, she said.

One finding of the Rush project is that lower levels of cognition are related to lower levels of financial and health decision-making. Another finding was that low levels of financial and health literacy were related to low levels of decision-making. The rate of decline in those levels was related to scam susceptibility and psychological well-being.

In one experiment, the authors gauged how participants responded to a scam offer. The participants received emails, direct mail, and phone calls from a fraudulent marketing campaign conducted by a fictitious agency called the U.S. Retirement Protection Task Force. They were told that their retirement savings accounts had been hacked, and that the task force wanted the last four digits of their Social Security numbers.

Most of the roughly 650 participants (69%) did not engage with the campaign. Some were skeptical (15%); they spoke to the fraudster, asked questions, and sometimes berated him, Mottola said. Nevertheless, 16% of the participants fully engaged with the campaign, providing the information requested without skepticism, although not all revealed their Social Security numbers. None of those calls were recorded, nor did the fraudsters use high-pressure tactics.

The key takeaway here was that 16% number was too high, Mottola said. The full engagement group had the lowest levels of financial literacy and lowest levels of scam awareness. The skeptical engagement group had the highest cognition, which he noted was surprising.

Many people also underestimate how much money they need to retire comfortably, or the probability of unanticipated expenses, said Shane Timmons, a senior research officer at the Economic and Social Research Institute in Dublin. He documented an undersum bias (a term coined by University of Buffalo marketing professor Indranil Goswami) that led people to be less financially prepared for retirement.

Timmons shared highlights from work that he and University of Galway lecturer Fidhlim McGowan conducted on undersum bias and the various ways in which it plays out. He noted that undersum bias occurs when people do not fully comprehend concepts like compound interest, and as a result, underestimate how money can accumulate. They also underestimate the probability of unexpected financial shocks and, therefore, put aside less money than what they need for emergency expenses. Additionally, they underestimate the accumulated impact of several financial shocks, which implies that this bias is an impediment to precautionary saving.

Interventions can help, Timmons and Galway found. They used a nudge and boost communication tactic to encourage participants to open savings accounts. That led to a larger-than-expected increase in saving account uptake (over 25%); it was especially helpful for the lower-income sample. They also showed that simple infographics explaining the cumulative probability of financial shocks can also motivate a saving habit.

All said, pushing people to save more may not always be the best approach. Accordingly, Mitchell speculated that it could be unwise in some cases to incentivize the poor to save more. That is, some low-wage workers might do better to pay bills and feed their children, in view of the 90% replacement of pre-retirement income that Social Security will pay, she noted.

See the article here:
How Behavioral Factors Shape Retirement Wealth - Knowledge@Wharton

If youre retiring, already retired, or even thinking about retiring, its always a good idea to protect your portfolio with retirement stocks. One way to do that is by buying safe dividend stocks.

Look at artificial intelligence data center real estate investment trusts (REITs), like Digital Realty (NYSE:DLR), for example. With a yield of 3.16%, DLR has been swept upin the artificial intelligence demand boom, where data center demand is expected to rise at a 15% CAGR through 2030,according to Goldman Sachs.

Almost every industry is now looking for new AI functionality that can streamline processes and improve results. In this new digital landscape,data centersare uniquely positioned to both provide and benefit from AI applications,says Digital Realty.

With DLR, youre investing in a safe REIT thats seeing explosive demand. All while getting paid a yield of 3.16% just to hold it.

Here are three similar retirement stocks you may want to buy today.

Source: Shutterstock

The last time I mentionedIron Mountain(NYSE:IRM),I said, The REITwhich isaggressively expanding its data center capacityto meet the demand of the generative artificial intelligence (AI) boomis just as attractive as Digital Realty Trust.

That was on June 5 as IRM traded at about $81. Today, IRM is up to $98 and still worth buying. Helping, analysts at Stifel raised their price target to $103 from $86 a share, with a buy rating. Plus, earnings are still solid.

In its first quarter, the REIT reported funds from operations of $1.10, which beat by 18 cents. Revenue of $1.48 billion, up 12% year over year, beat by $30 million. Better, the REIT carries a yield of 2.66% at the moment. It also just paid a quarterly cash dividend of 65 cents, which was paid out on July 5 for the second quarter.

Source: Ken Wolter / Shutterstock.com

Another one of the hottest retirement stocks with a yield is Equinix (NASDAQ:EQIX), a REIT that operates248 data centers across 70 countries on six continents serving over 10,000 leading businesses. Yielding 2.14% at the moment, the REIT is still a buy, even at $795 a share.

Earlier this month, Goldman Sachs initiated a buy rating on EQIX with a price target of $879. The firm believes the REIT has the potential to continue delivering strong numbers thanks to favorable supply and demand dynamics in the data center market. Analysts at Mizuho also initiated coverage with an outperform rating, with data center fundamentals improving.

Even Stifel analysts just reiterated a buy rating on the REIT, with a price target of $920.

The firm also noted that The robust demand for Equinixs services is expected to contribute to an acceleration of growth in the second half of 2024. The companys pipeline is described as robust, and there is a strong belief in Equinixs ability to maintain high conversion rates and manage churn levels effectively, as noted by Investing.com.

Source: T. Schneider / Shutterstock

Theres also American Tower (NYSE:AMT),a telecommunications and data center real estate investment trust (REIT) that yields just over 3%. It also just paid out a recent $1.62 per share dividend on July 12, with more likely to follow shortly.

Helping, Raymond James recently upgraded AMT to a strong buy with a price target of $248. The firm also noted AMT is primed for the best growth among U.S. tower stocks over the next three years. All of which happened following AMTs earnings beats.

In its most recent quarter, AMT beat and raised its 2024 guidance for earnings and adjusted EBITDA. Its first-quarter adjusted funds from operations (AFFO) was $2.79, as compared to an estimate of $2.57. Total operating revenue of $2.83 billion was above estimates of $2.8 billion. And its total operating expenses of $1.06 billion fell from $1.99 billion year over year.

Moving forward, AMT expects to deliver AFFO of $10.30 to $10.53, as compared to expectations of $10.38. Thats also above its prior outlook for a range of $10.21 to $10.45.

On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.

On the date of publication, Ian Cooperdid not have (either directly or indirectly) any positions in the securities mentioned.The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines.

Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.

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3 Retirement Stocks to Buy Now: Q3 Edition - InvestorPlace

Angle down icon An icon in the shape of an angle pointing down. Emma Echols (not pictured) receives $1,056 a month in Social Security and has to supplement that income with her part-time bus driver job. Laura Olivas

Emma Echols, 68, lives off $1,056 a month in Social Security and a part-time bus driver job in Alabama. She said she may never retire, but she's not too worried.

Echols has worked since she was 12, working as a chef, a convenience store general manager, and a bus driver. Throughout her life, she's rarely been financially stable, though she's kept bills down by living frugally and giving to others when she's able.

Though it's unlikely she can step away from work anytime soon, she's stayed active in her community to help others in worse situations than her. Still, she feels people like herself should get more retirement benefits and respect.

"I've always worked for what I needed or wanted, with no public or government assistance, but people who have not worked have very nice housing," Echols said. "Our world is confused. They reward the ones who will do nothing, who do not pay their bills on time, and not those who are school teachers who gave the system 50 years of their lives. I know teachers who knew exactly how many times a month they could wash their clothes to maintain their electric bills."

Millions of Americans at or approaching the typical retirement age of 65 lack the savings to quit working. Dozens of older Americans have told Business Insider this year they can't retire, as some estimates say retirees need well above a million dollars to retire comfortably. This is particularly out of reach for the more than half of Americans over 65 making under $30,000 a year, according to the Census Bureau's Current Population Survey.

While Echols said she wouldn't know what to do with over $1 million, getting more than $1,000 a month from the government would go a long way.

Echols got her first job at 12 as a babysitter, and at 14, she served soda and popcorn at a drive-in theater. Almost six decades later, she hasn't stopped working since.

"I always wanted to earn my own money," Echols said. "I always wanted to work, and at the age of 14, someone started my Social Security records for me. I waited 45 years to get that paycheck."

She worked as a chef at a seafood restaurant for over a decade, putting her in a "very good income bracket." At 27, she enrolled in community college but didn't graduate.

She switched to another company for nine years making minimum wage $3.35 at the time then got a new position as a convenience store assistant manager paying over $11 an hour, though she was later laid off. She acknowledges she and others in her generation should have been more informed about saving and investing strategies.

Over two decades ago, she got a job as a bus driver making about $9 an hour, though this increased over the years to about $26 an hour. She also gets health benefits and is building a pension.

"Before my rate went up, I didn't even make enough money to be able to pay $500 to $600 a month in rent," Echols said. "I have good income at my part time position where I have good benefits, but I understand the struggle for all senior citizens. For federal government housing, they do not want you to have more than $1,500 a month in income to qualify for one of their houses or apartments."

Her monthly expenses are $500 for rent with an extra water and garbage bill, $95 for phone and internet, almost $500 for her car payment, $89 a month on car and renters insurance, and about $300 for transportation expenses. She rarely eats out, and she tries to avoid spending on meat to cut back on costs. She's saving up for new tires and car maintenance fees that can cost $400.

"I live frugally, and I purchase only what I need," she said. "I've always been a clearance rack shopper, even some thrifting."

She rarely spends on entertainment, occasionally seeing a $5 movie near her home. She tries to stay healthy to avoid added medical costs, and she's kept her furniture and clothes purchases minimal.

She's gearing up to move from her duplex in the suburbs to an efficiency apartment in her city to reduce her transportation and car insurance expenses, as she can walk to work.

Her Social Security is $1,056 a month, a 25% reduction from her potential full benefit because she accepted payments early. She said it helps her cover rent and some other expenses, though she said she must work to supplement other costs and plan for her future. She has very little debt.

"People my age, we worked during a time when incomes were low, and I know people whose Social Security is $1,400, $1,500 a month, and it's not enough for them to live," Echols said. "I don't see myself being able to retire, but I'm grateful and healthy."

She said two of her sisters are in nursing homes, while her other two sisters have health issues. She gives gifts to family members when she can and tries to help them financially if she has money left over.

Echols also said some of her friends are dealing with similar situations, as many live on a fixed income and are struggling to pay all their bills.

She said religion has empowered her to continue giving what she has to help others in even worse situations, as she believes she will be repaid for her efforts and will never be homeless. If she had more money, she said she would use it to start a program to assist other women in difficult financial situations.

"I've never been a worrier, because in spite of what our world looks like, what's going on in the world, I truly believe that God has the final say," Echols said.

Are you worried about retirement? Reach out to this reporter at nsheidlower@businessinsider.com.

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Boomer lives on $1,056 a month in Social Security, works as bus driver - Business Insider

Newly appointed India head coach Gautam Gambhir has addressed the hot topic of what will happen to Rohit Sharma and Virat Kohli under the new leadership. Notably, both Kohli and Rohit had decided to retire from T20 cricket after the Men in Blue won the 20-over World Cup last month.

Speaking at the press conference ahead of the Sri Lanka series, Gambhir said, I think they've shown what they can deliver on the big stage whether it was the T20 World Cup and in the 50 over World cup as well. I think both those guys have got a lot of cricket left in them and more importantly with the Champions Trophy and a big tour of Australia, obviously they would be motivated enough and then hopefully they can keep their fitness till the 2027 World Cup as well. This is a very personal decision."

Gambhir said that both Rohit Sharma and Virat Kohli have a lot of cricket left in them and Team India would like to see them play for as long as possible.

"I can't say how much cricket is left in them. Ultimately it's up to them as well. It's up to the players how much can they contribute to the team's success because ultimately it's the team that is important. But looking at what Virat and Rohit can deliver, I think they still have a lot of cricket and they're still world-class players and obviously any team would want to have both of them for as long as possible." Gambhir added

3.6 Crore Indians visited in a single day choosing us as India's undisputed platform for General Election Results. Explore the latest updates here!

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Gautam Gambhir on Virat Kohli, Rohit Sharma retirement: Can't say how much cricket is left in them | Mint - Mint

The Miami Dolphins were thrown a curveball just days before training camp as two-time Super Bowl champion linebacker Shaq Barrett announced his retirement. With linebackers Jaelan Phillips and Bradley Chubb on the Physically Unable to Perform List, Barrett was projected to start after signing a one-year deal with the Dolphins in March.

The Dolphins drafted Chop Robinson No. 21 in the 2024 NFL Draft and added Mohamed Kamara in the fifth round, but reinforcements are needed until Phillips and Chubb can return to action. Here are three players Miami could pursue to bolster the pass rush with training camp looming.

Lawson had seven sacks for the New York Jets in 2022 but fell out of the rotation in the final year of a three-year deal he signed in 2020.

A fourth-round selection by the Cincinnati Bengals, Lawson visited with Miami before the draft. While the Dolphins instead chose to upgrade the position with a pair of rookie draft picks, re-visiting the idea of signing Lawson makes plenty of sense with Miami desperate for pass-rush experience.

Lawson, 29, has 27 career quarterback takedowns and recorded at least five sacks in each of the four seasons he played at least 12 games.

The Baltimore Ravens released Bowser as a cap casualty in March, saving $5.5 million in the process. He didnt play last season because of a knee injury and has appeared in nine games since the start of the 2022 season.

A 2017 second-round pick, Bowser played at least 15 games in five straight seasons to begin his career. He emerged as a full-time starter with a career-high eight sacks and 25 quarterback hurries in 2021.

Bowser has familiarity with defensive coordinator Anthony Weaver and his track record of getting to the quarterback could outweigh injury concerns.

Melvin Ingram, a 2012 first-round pick by the San Diego Chargers, appeared in 20 games with the Dolphins over the last two seasons. He surprised with six sacks in 2022 while registering 1.5 sacks over three games last season.

Ingram was a free agent for most of last season, but just like late last season, Miami must explore all possible options to strengthen the unit. With 12 years of experience, Ingram may have enough left to be an early-season option on a defensive line featuring Zach Sieler and Calais Campbell.

Chubb and Phillips are expected to play at least half if not most of the season. Therefore, Miami isnt searching for someone to play 500 snaps. However, a pass-rush specialist would benefit the defense early in the year.

I considered adding Emmanuel Ogbah to this list but wasnt sure hed be willing to play in Weavers defense. His agent, Drew Rosenhaus, mentioned that Ogbah would like to play as a 4-3 defensive end in 2024.

We want to make sure [Ogbahs] with the right team playing in the 4-3 scheme where hes more of a defensive end than he is a linebacker thats pretty much what he was asked to do last year, and he was somewhat out of position, Rosenhaus said.

Let us know what you think who will start on the edge against the Jacksonville Jaguars on opening day? Will Miami add reinforcements through free agency, or will the rookies step up and claim starting roles?

Read the rest here:
Three edge rushers the Miami Dolphins could pursue following Shaq Barretts retirement - The Phinsider

Retirement Isn't Always Planned, Woman In Her Late 50s Forced Into Early Retirement With Only $650,000 In Savings

In a recent discussion about retirement, two common perspectives often arise among Americans: "I'm going to have to work forever" or "I have a good retirement plan in place that will allow me to retire comfortably." However, for many, there's a middle ground that can be difficult to plan for.

Deb Hallisey, a 66-year-old New Jersey resident, faced this challenge. After losing her father in 2015, she had to pause her career to take care of her blind mother. When her billable hours continued to drop, she was let go from her job.

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Hallisey saved diligently during her career as a consultant. As a single woman, she knew she had to provide for herself. After losing her job, she continued to take care of her mother until she died in 2022. While caring for her mother, she started writing about her caregiving experience and even launched a website sharing her stories. She also wrote two books about caregiving and turned her experience into a business, speaking about caregiving and consulting for families.

Halliseys financial stability was tested despite her $600,000 in retirement savings and a $50,000 emergency fund. She draws $2,500 a month from her retirement savings and earns $500 from her business. The stock market has kept her balance at $525,000, and her home, valued at about $500,000, is mortgage-free.

This year, Hallisey plans to claim Social Security. She'll use her $3,400 monthly benefits to help with living expenses. With that, she plans to leave her retirement savings for emergencies, including future caregiving expenses that may arise for herself.

Trending: How much money will a $200,000 annuity pay out each month? The numbers may shock you.

"I'm not making enough to support myself," Hallisey told the Wall Street Journal. "But I love it."

Hallisey's story underscores a harsh reality: many Americans expect to work until they die, but health issues or caregiving responsibilities can force early retirement. Personal finance influencer Kara from TikTok points out that Hallisey's situation, though seemingly well-prepared with $650,000, is insufficient to retire comfortably in the U.S.

"This is what I think is so common," Kara says, "And its going to happen to a lot of us. A lot of people in the United States think, Oh, Ill just work until I die' ... Which is really bleak in its own way, but its also, unfortunately, not true. You are much more likely to run into a health issue, or someone elses health issue that prevents you from working, but continue to be alive, and thats how you will retire."

Story continues

See Also: Will the surge continue or decline on real estate prices? People are finding out about risk-free real estate investing that lets you cash out whenever you want.

Kara emphasizes the importance of planning for the possibility of early retirement due to unforeseen circumstances. It's impossible to know every little or major thing that will happen in our lives, and many retirees continue to live for decades after they retire whether that retirement was planned or not. As people age, living expenses tend to rise with the cost of medical care and other unexpected needs.

Experiences like Hallisey's demonstrate the importance of proactive financial planning and preparing for the unexpected. Retirement isn't always a choice, and it's critical to have a robust plan in place. Consulting a financial advisor can help tailor strategies to individual circumstances, ensuring better preparedness for uncertainties.

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This article Retirement Isn't Always Planned, Woman In Her Late 50s Forced Into Early Retirement With Only $650,000 In Savings originally appeared on Benzinga.com

2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Retirement Isn't Always Planned, Woman In Her Late 50s Forced Into Early Retirement With Only $650,000 In Savings - Yahoo Finance

Retirement specialist Jim McWhirter News 9 on Sunday to discuss what causes us to fall and what to do if you fall and you're injured.

Sunday, July 21st 2024, 9:10 am

By: News 9

Retirement specialist Jim McWhirter News 9 on Sunday to discuss what causes us to fall and what to do if you fall and you're injured.

The rest is here:
About Your Retirement: What To Do If You're Injured In A Fall And How To Be Prepared - News On 6

In a surprising turn of events, Miami Dolphins linebacker Shaquil Barrett announced his retirement just before the veterans report for training camp on Tuesday, as per his Instagram post on Saturday afternoon.

Barrett said he retired because he wanted to spend more time as a husband and a father.

The Dolphins had Barrett penciled in to start instead of Emmanuel Ogbah, who was released this offseason.

The news of Barrett's retirement was first reported by NFL Network insider Ian Rapoport, along with ESPN's Adam Schefter and Greg Auman, who covers the NFC South for Fox Sports. Their timely reporting kept fans updated on this significant development.

"It's time for me to hang it up. It's been a great ride, and I appreciate everything that came with it over the years," Barrett said on Instagram. "I'm ready to shift my full focus to my wife and kids and helping them realize their dreams and catch them."

Barrett signed a one-year, $9 million deal with the Dolphins during free agency after the Tampa Bay Buccaneers released him.

Barrett, a two-time Pro Bowler during his five seasons in Tampa Bay, was a cornerstone of their championship run in 2020. His standout performance, including three sacks against the Green Bay Packers in the NFC Championship Game and a crucial sack in Super Bowl LV against the Kansas City Chiefs, will be remembered by fans for years to come.

Barrett, an undrafted free agent from Colorado State, had 59 career sacks with the Buccaneers and Denver Broncos. During his first season with Tampa Bay, he led the league with 19.5 sacks. That was the Barrett the Dolphins were looking for when he signed this spring.

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Dolphins' Linebacker Shaq Barrett Announces his Retirement From the NFL on Saturday - Sports Illustrated

When Antonio Brown abruptly left the Buccaneers during the 2021 season, they could have used a veteran wide receiver for the playoffs. And Terrell Owens wrote on social media at the time that he was that wide receiver. Two and a half years later, Owens is blaming Tom Brady for the Bucs not signing him.

Owens said on the Bubba Dub Show that he attempted to contact Brady to ask for a chance to play for the Bucs in the playoffs, and Brady ignored him.

Tom Brady ignored me, Owens said. The year that AB went crazy . . . they just needed somebody to fill some holes with AB leaving at the receiver position. I reached out to him through Randy and some other people, just to come in and play third down and red zone situations. This dude ignored me. It just shows you the lack of respect there, but then when they get in front of you they want to act like they respect you.

At the time, Owens was 48 years old and hadnt played in the NFL since he was cut after three weeks of training camp with the Seahawks a decade earlier. Its probably less that Brady didnt respect Owens achievements as a former NFL receiver, than that Brady didnt want to waste time during playoff preparation talking to someone who had zero chance of making the roster.

Originally posted here:
Terrell Owens: I tried to come out of retirement with the Bucs, Tom Brady disrespected me - NBC Sports

Layla, a white labrador retriever, has wrapped up her career as the bat dog for the Philadelphia Phillies' A-ball affiliate.

The very-good dog who has been with the Clearwater Threshers for six years picked up a bat for the final time during Friday's game against Fort Myers.

After wrapping up her last game, Layla got a special retirement treat and gift from the club.

Layla became a social-media star in 2018 when a video went viral showing her owner, Andrew Davis, asking her to get him a beer from the refrigerator. She jumps off the couch, opens the fridge door with the help of a towel placed on the handle, grabbed the can, brought it to him and went back to shut the door.

Per Leah Burdick of WMNF Radio in Florida, Layla had actually trained alongside athletes at Webber International University when Davis was a student at the school.

Davis explained to Burdick he showed Dominic Repper, Threshers manager of promotions and game entertainment, the viral video and it gave Repper an idea. It just wasn't certain at that point if Layla could pick up a bat.

"When we first contacted the Threshers, Layla didn't even know what a baseball bat was," Davis said.

It didn't take long before Davis took Layla to baseball fields near their home where he taught her to pick up a bat and bring it back to the dugout.

Even though Layla won't be there to pick up bats, Davis told Burdick he will keep bringing her to Threshers games as a fan.

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Video: Layla, Bat Dog for Phillies' Single-A Team, Grabs Final Bat Before Retirement - Bleacher Report