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The greatest financial danger in retirement isn’t always the stock market. It’s the constant, nagging fear of running out of money. This anxiety causes many people to underspend and worry, even when their finances are sound.Here are eight ways to replace that worry with lasting security. Determine your spending baselineWorry often starts with the vague question, “Am I spending too much?”Instead of operating on gut feeling, work with an advisor to determine your personal sustainable withdrawal rate (often between 3% and 5%). Once you know your lifestyle is covered by a responsible withdrawal rate, you can stop guessing and start living confidently. Make adjustments when neededMany retirees treat their spending plan like an all-or-nothing system. This rigidity creates panic during market downturns.Instead, adopt a dynamic spending strategy. Slightly reduce or delay discretionary spending in poor market years. By reducing your withdrawal rate by just 10% when your portfolio is down, you dramatically reduce the risk of permanent capital depletion, allowing the assets time to recover. Realize your spending will naturally declineThe high level of discretionary spending you need at age 65 will likely not be the same at age 85, especially once you have long-term care coverage (see No. 7).Expenses for travel, hobbies, dining out, and maintaining multiple homes typically decrease as you age. Knowing that your major risk (long-term care) is insured, you can trust that your remaining costs will naturally ease over the next two decades. Your money is working harder when you’re younger and enjoying it most, and your needs will taper off as your capital naturally draws down. Create a recession buffer (the ‘anti-panic’ fund)The greatest tactical threat to longevity is experiencing a large market crash early in retirement and having to sell depressed assets to pay for basics such as groceries. To protect yourself, maintain a six- to 12-month cash cushion outside of the market.This “recession buffer” allows your growth assets (equities) to sit untouched and recover during a market downturn, preventing you from locking in losses. This separation between your living money and your long-term growth money is the most direct way to eliminate panic during volatility. Buy out the risk of surprise taxesFuture, unknown tax rates and large required minimum distributions from traditional retirement accounts are a major source of financial uncertainty.What can you do? Eliminate the tax uncertainty by creating a tax-free bucket.By using targeted Roth conversionsusing up lower tax brackets to recharacterize traditional IRAsyou ensure a significant portion of your savings is shielded from all future tax increases. Having a large tax-free account gives you maximum flexibility to control your taxable income every year, protecting you from future legislation and eliminating the anxiety of surprise tax bills. Anchor your essentials with guaranteed incomeRetirement is worry-free when your core, non-negotiable needs (housing, food, utilities) are covered by income sources shielded from market volatility.Social Security is your primary source of inflation-adjusted, government-backed income. While claiming at full retirement age is a safe minimum, aiming to delay Social Security until age 70 maximizes your lifetime benefit.If a gap exists between your guaranteed income and your essential expenses, you can buy a single premium immediate annuity. This annuity converts a lump sum of savings into an unbreakable income stream throughout your lifetime, closing the gap and securing your basic lifestyle. Buy protection against catastrophic care costsLong-term care is the single largest threat to a lifetime of savings. Getting a quality long-term care insurance policy protects your nest egg from being wiped out by nursing home or in-home care costs. Once that risk is contained, you no longer need to worry about a seven-figure expense appearing unexpectedly. Use home equity as your ultimate backstopHome equity is your parachute, a huge, flexible reserve.In an extreme situationsuch as severe market crashes or unforeseen emergenciesaccessing this capital through a reverse mortgage, a line of credit, or eventually downsizing and selling provides an unparalleled safety net, allowing you to invest your remaining liquid portfolio with more confidence.You are now equipped with multiple strategies to build financial security. Feel better? This article was provided to The Associated Press by Morningstar. For more personal finance content, go to https://www.morningstar.com/retirement.Sheryl Rowling, CPA, is an editorial director, financial advisor for Morningstar.Related Links 3 Big Changes for Retirement Planning in 2026https://www.morningstar.com/retirement/3-big-changes-retirement-planning-2026 The State of Retirement Income for 2026https://www.morningstar.com/business/insights/research/the-state-of-retirement-income A Hidden Trend Is Changing 401(k) Plans. Here’s What It Means for Investorshttps://www.morningstar.com/funds/hidden-trend-is-changing-401k-plans-heres-what-it-means-investors Sheryl Rowling of Morningstar
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E-Commerce
It’s more obvious than ever why recording encounters with federal agents matters: without bystander videos, it would be much harder to disprove the governments Orwellian lies about how Alex Pretti was killed last Saturday. But there are also risks when you pull out your phone to take a video at a protest or if you see an ICE agent abducting, say, a 5-year-old child. Heres what to know about how to protect your technology and yourself. The First Amendment gives you a right to record It’s really important to start with the fact that individuals have a First Amendment right to record police officers and law enforcement, says Maria Villegas Bravo, counsel at the nonprofit Electronic Privacy Information Center. If you’re lawfully allowed to be somewhere, you are legally allowed to record law enforcement in the course of their duty. Some ICE agents seem to have missed that in their training. A recent video from Maine shows an agent telling a legal observer that now she’s considered a “domestic terrorist” for filming him. Then he took a photo of her license plate and told her that she would be added to a database. Federal agents have targeted people taking photos at protests, including a professional photographer who was tackled and pepper-sprayed and tossed his camera to another photographer to save it. Everyone has to judge the risks for themselves, but the more people who record, the harder it is for authorities to erase what actually happened. Minneapolis, January 11, 2026. [Photo: Victor J. Blue/Bloomberg/Getty Images] Consider leaving your phone at home Your phone is obviously filled with data about younot just all of your photos and messages and apps, but location data for everywhere you’ve been. Google, for example, “can track you really granularly,” says Villegas Bravo. “Their location tracking can get you within three meters and it can also pinpoint what floor of a building that you’re on.” If you’re arrested and your phone is confiscated, law enforcement needs a warrant before it can legally look at the contents. But after there’s a warrant, forensic extraction technology can make a complete copy of your phone’s contents, Villegas Bravo says. Then agents can search through it, either manually or with AI. If you’re going to a protest, consider leaving your phone at home (leave your smartwatch and other digital devices at home, too). “You can’t have data extracted from a phone that you don’t have on you,” says Bill Budington, a senior staff technologist at the Electronic Frontier Foundation. “Bringing a secondary device, one that can capture footage in high quality, for instance, is a good suggestion.” Consider bringing a burner phone to take video. An old-school digital camera with no internet connection could also be an option. (In theory, you could quickly pop an SD card out of a camera if you think the camera’s about to be taken away.) There are trade-offs with different choices: a camera doesn’t give you the option to upload a video after taking it, and the videos and photos can’t be encrypted like they could be on a phone. Burner phones can also have trade-offs, since you probably won’t have a new model with the best security and updates. “There’s an arms race of forensic extraction devices versus the Apples and device manufacturers in the world that are trying to protect against [extraction],” Budington says, and the newest phones have the most protection. But you should have little data on a burner to steal. To avoid being targeted for filming, some observers are using less obvious technology, like smart glasses or very tiny cameras. One downside: they’re often expensive. The data isn’t always secure; small cameras may have an SD card and lack encryption. Some smart glasses and cameras can stream to a phone in your pocket, so the video will be as secure as the phone is. Make your phone more secure Of course, you might not have the chance to plan in advance if you suddenly need to document something happening in your neighborhood. Or you may decide to take the risk of bringing it to a demonstration. In either case, it’s possible to take steps to make your phone more secure. First, change your settings so that your phone can’t be unlocked with biometrics like your fingerprint or facial recognition. Right now, courts have said that law enforcement can force you to unlock your phone this way. Traditional passcodes have more protection. Keep your phone locked. You can access your camera without unlocking the phone; on an iPhone, for example, just swipe left from the home screen. You can also temporarily change the settings on your phone so it’s only possible to access one app. (On an iPhone, this is called guided access; on Android devices, you can turn on “app pinning” in your settings.) Make sure that your phone is encrypted. On an iPhone, check under the settings for Face ID and password to make sure that it says data protection is enabled. On Android phones, look under security settings for encryption and encrypt your phone. Android phones also have the option to add the Graphene operating system, which is designed to make the devices more secure. To stop your phone from tracking you, turn off location services and keep it in airplane mode. And when you text friends about anything sensitive, it’s better to use an app like Signal with end-to-end encryption. Minneapolis, January 13, 2026. [Photo: Octavio Jones/AFP/Getty Images] Sharing videos When you share videos, consider the privacy of others. Immigration nonprofits don’t recommend livestreaming immigrants’ encounters with ICE. If you upload a video after a protest, the best practice is to blur out the faces of fellow protesters. Law enforcement agencies sometimes use facial recognition on images to arrest protesters after the fact. The ACLU previously offered an app called Mobile Justice that automatically uploaded videos of encounters with law enforcement in real time, but took the app down last year, citing that it wanted to “ensure compliance with a growing number of consumer privacy laws and the ACLUs own privacy policies.” While it’s possible to upload a video to store it in the cloud yourself while you’re at an eventas a backup in case your phone is confiscated or damaged in a scuffleit may be difficult if there’s a crowd and limited bandwidth. The best option may be to make your phone as secure as possible. Despite the challenges, it’s critical to get the footage. “This is a really dangerous time,” says Villegas Bravo. “And I think it’s really important to continue recording law enforcement and creating this chain of evidence to keep the government transparent and accountable.”
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E-Commerce
French lawmakers approved a bill banning social media for children under 15, paving the way for the measure to enter into force at the start of the next school year in September, as the idea of setting a minimum age for use of the platforms gains momentum across Europe.The bill, which also bans the use of mobile phones in high schools, was adopted by a 130-21 vote late Monday. French President Emmanuel Macron has requested that the legislation be fast-tracked and it will now be discussed by the Senate in the coming weeks.“Banning social media for those under 15: this is what scientists recommend, and this is what the French people are overwhelmingly calling for,” Macron said after the vote. “Because our children’s brains are not for sale neither to American platforms nor to Chinese networks. Because their dreams must not be dictated by algorithms.”The issue is one of the very few in a divided National Assembly to attract such broad support, despite critics from the hard left denouncing provisions of the bill as infringement on civil liberties. Weakened domestically since his decision to dissolve parliament plunged France into a prolonged political crisis, Macron has strongly supported the ban, which could become one of the final major measures adopted under his leadership before he leaves office next year.The French government had previously passed a law banning phone use in all primary and middle schools.The vote in the assembly came just days after the British government said it will consider banning young teenagers from social media as it tightens laws designed to protect children from harmful content and excessive screen time.The French bill has been devised to be compliant with the European Union’s Digital Services Act, which imposes a set of strict requirements designed to keep internet users safe online. In November, European lawmakers called for action at EU level to protect minors online, including a bloc-wide minimum age of 16 and bans on the most harmful practices.According to France’s health watchdog, one in two teenagers spends between two and five hours a day on a smartphone. In a report published in December, it said that some 90% of children aged between 12 and 17 use smartphones daily to access the internet, with 58% of them using their devices for social networks.The report highlighted a range of harmful effects stemming from the use of social networks, including reduced self-esteem and increased exposure to content associated with risky behaviors such as self-harm, drug use and suicide. Several families in France have sued TikTok over teen suicides they say are linked to harmful content.The French ban won’t cover online encyclopedias, educational or scientific directories, or platforms for the development and sharing of open-source software.In Australia, social media companies have revoked access to about 4.7 million accounts identified as belonging to children since the country banned use of the platforms by those under 16, officials said. The law provoked fraught debates in Australia about technology use, privacy, child safety and mental health and has prompted other countries to consider similar measures. Samuel Petrequin, Associated Press
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E-Commerce
Nike isnt the only household corporate name to announce significant layoffs this week. Just a day after the sporting goods giant announced layoffs, citing a further embrace of automation, social media giant Pinterest has announced it will cut jobs. The driving factor here? Artificial intelligence. Heres what you need to know about the Pinterest layoffs. Whats happened? On Tuesday, the image-sharing social media platform Pinterest announced it plans to lay off around 15% of its workforce. The company made the announcement in a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). In that filing, Pinterest said that its board of directors had approved a global restructuring plan for the company. As part of that plan, Pinterest will pare its workforce back by less than 15%. In addition, the company will also reduce its office space. When reached for comment, Pinterest told Fast Company that it had around 5,200 employees as of December 2025. A 15% reduction then would result in approximately 780 jobs being lost. The company says the restructuring charges resulting from its plans will cost the company between $35 million and $45 million. Pinterest said that its restructuring plan is expected to be completed by the end of its third quarter, which finishes on September 30. It is unknown whether the layoffs will take place immediately or be spread over the period from now until September. Why is Pinterest cutting jobs? When reached for comment, a Pinterest spokesperson told Fast Company that it was making organizational changes to further deliver on our AI-forward strategy, which includes hiring AI-proficient talent. As a result, weve made the difficult decision to say goodbye to some of our team members. In its Form 8-K, the company elaborated on the AI shift that is occurring with the layoffs, stating that it plans to reallocate resources to AI-focused roles and teams that drive AI adoption and execution while prioritizing AIpowered products and capabilities. While Pinterest boasts 600 million monthly active users, that number is well below the billions its main competitor, Meta, has across Facebook and Instagram, as well as TikTok. Users now use all four platforms for shopping to some degree, making them all attractive to advertisers. However, while Facebook and TikTok wasted no time embracing AI to improve their user experience and the tools and technologies powering their ad business, Pinterest has been slower to adopt AI. Yet that began to change significantly last year with the rollout of its AI chatbot, Pinterest Assistant, which lets users get personalized style and shopping recommendations. With todays announcements, Pinterest is clearly signaling that it plans to accelerate its AI adoption going forward. How has Pinterests stock price reacted? Pinterest, Inc. shares (NYSE: PINS) are currently down heavily in early-morning trading. As of the time of this writing, PINS shares have fallen over 8.5% since the market opened, to $23.68. Todays fall means PINS stock is now negative around 8.2% for the year so far. Over the past 12 months, Pinterest shares have fallen by over 29%. In its Q3 2025 earnings report in November, Pinterest reported 17% year-over-year earnings growth of just over $1 billion.
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E-Commerce
Prominent Republicans and gun rights advocates helped elicit a White House turnabout this week after bristling over the administration’s characterization of Alex Pretti, the second person killed this month by a federal officer in Minneapolis, as responsible for his own death because he lawfully possessed a weapon.The death produced no clear shifts in U.S. gun politics or policies, even as President Donald Trump shuffles the lieutenants in charge of his militarized immigration crackdown. But important voices in Trump’s coalition have called for a thorough investigation of Pretti’s death while also criticizing inconsistencies in some Republicans’ Second Amendment stances.If the dynamic persists, it could give Republicans problems as Trump heads into a midterm election year with voters already growing skeptical of his overall immigration approach. The concern is acute enough that Trump’s top spokeswoman sought Monday to reassert his brand as a staunch gun rights supporter.“The president supports the Second Amendment rights of law-abiding American citizens, absolutely,” White House press secretary Karoline Leavitt told reporters.Leavitt qualified that “when you are bearing arms and confronted by law enforcement, you are raising the risk of force being used against you.” Videos contradict early statements from administration That still marked a retreat from the administration’s previous messages about the shooting of Pretti. It came the same day the president dispatched border czar Tom Homan to Minnesota, seemingly elevating him over Homeland Security Secretary Kristi Noem and Border Patrol chief Greg Bovino, who had been in charge in Minneapolis.Within hours of Pretti’s death on Saturday, Bovino suggested Pretti “wanted to massacre law enforcement,” and Noem said Pretti was “brandishing” a weapon and acted “violently” toward officers.“I don’t know of any peaceful protester that shows up with a gun and ammunition rather than a sign,” Noem said.White House deputy chief of staff Stephen Miller, an architect of Trump’s mass deportation effort, went further on X, declaring Pretti “an assassin.”Bystander videos contradicted each claim, instead showing Pretti holding a cellphone and helping a woman who had been pepper sprayed by a federal officer. Within seconds, Pretti was sprayed, too, and taken to the ground by multiple officers. No video disclosed thus far has shown him unholstering his concealed weapon - which he had a Minnesota permit to carry. It appeared that one officer took Pretti’s gun and walked away with it just before shots began.As multiple videos went viral online and on television, Vice President JD Vance reposted Miller’s assessment, while Trump shared an alleged photo of “the gunman’s gun, loaded (with two additional full magazines!).” Swift reactions from gun rights advocates The National Rifle Association, which has backed Trump three times, released a statement that began by casting blame on Minnesota Democrats it accused of stoking protests. But the group lashed out after a federal prosecutor in California said on X that, “If you approach law enforcement with a gun, there is a high likelihood they will be legally justified in shooting you.”That analysis, the NRA said, is “dangerous and wrong.”FBI Director Kash Patel magnified the blowback Sunday on Fox News’ “Sunday Morning Futures With Maria Bartiromo.” No one, Patel said, can “bring a firearm, loaded, with multiple magazines to any sort of protest that you want. It’s that simple.”Erich Pratt, vice president of Gun Owners of America, was incredulous.“I have attended protest rallies while armed, and no one got injured,” he said on CNN.Conservative officials around the country made the same connection between the First and Second amendments.“Showing up at a protest is very American. Showing up with a weapon is very American,” state Rep. Jeremy Faison, who leads the GOP caucus in Tennessee, said on X.Trump’s first-term vice president, Mike Pence, called for “full and transparent investigation of this officer involved shooting.” A different response from the past Liberals, conservatives and nonpartisan experts noted how the administration’s response differed from past conservative positions involving protests and weapons.Multiple Trump supporters were found to have weapons during the Jan. 6, 2021, attack on the U.S. Capitol. Trump issued blanket pardons to all of them.Republicans were critical in 2020 when Mark and Patricia McCloskey had to pay fines after pointing guns at protesters who marched through their St. Louis neighborhood after the police killing of George Floyd in Minneapolis. And then there’s Kyle Rittenhouse, a counter-protester acquitted after fatally shooting two men and injuring another in Kenosha, Wisconsin, during the post-Floyd protests.“You remember Kyle Rittenhouse and how he was made a hero on the right,” Trey Gowdy, a Republican former congressman and attorney for Trump during one of his first-term impeachments. “Alex Pretti’s firearm was being lawfully carried. He never brandished it.”Adam Winkler, a UCLA law professor who has studied the history of the gun debate, said the fallout “shows how tribal we’ve become.” Republicans spent years talking about the Second Amendment as a means to fight government tyranny, he said.“The moment someone who’s thought to be from the left, they abandon that principled stance,” Winkler said.Meanwhile, Democrats who have criticized open and concealed carry laws for years, Winkler added, are not amplifying that position after Pretti’s death. Uncertain effects in an election year The blowback against the administration from core Trump supporters comes as Republicans are trying to protect their threadbare majority in the U.S. House and face several competitive Senate races.Perhaps reflecting the stakes, GOP staff and campaign aides were reticent Monday to talk about the issue at all.The House Republican campaign chairman, Rep. Richard Hudson of North Carolina, is sponsoring the GOP’s most significant gun legislation of this congressional term, a proposal to make state concealed-carry permits reciprocal across all states.The bill cleared the House Judiciary Committee last fall. Asked Monday whether Pretti’s death and the Minneapolis protests might affect debate, an aide to Speaker Mike Johnson did not offer any update on the bill’s prospects.Gun rights advocates have notched many legislative victories in Republican-controlled statehouses in recent decades, from rolling back gun-free zones around schools and churches to expanding gun possession rights in schools, on university campuses and in other public spaces.William Sack, legal director of the Second Amendment Foundation, said he was surprised and disapointed by the administration’s initial statements following the Pretti shooting. Trump’s vacillating, he said, is “very likely to cost them dearly with the core of a constituency they count on.” Associated Press writer Kimberlee Kruesi in Providence, Rhode Island, contributed to this report. Bill Barrow and Nicholas Riccardi, Associated Press
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E-Commerce
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