The clock is running out on I bond’s record-high interest rate. As of Nov. 1, 2022, the current rate of 9.62 percent will drop. But you’ll need to purchase I bonds by Oct. 28 to take advantage of the current rate. Released by the Treasury Department and backed by the federal government, Series I Savings…
Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 17)
October 17, 2022
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Benchmark U.S. crude oil for November delivery fell 15 cents to $85.46 a barrel Monday. Brent crude for December delivery fell 1 cent to $91.62 a barrel. Wholesale gasoline for November delivery fell 4 cents to $2.59 a gallon. November heating oil rose 11 cents to $4.09 a gallon. November natural gas fell 45 cents…
How Major US Stock Indexes Fared Monday Oct. 17, 2022
Stocks closed sharply higher on Wall Street, marking the latest about-face for a market that has been unsteadily lurching between gains and losses in recent weeks. The S&P 500 jumped 2.6 percent Monday, more than recovering the ground it lost in a sell-off on Friday. The Dow added 1.9 percent and the Nasdaq climbed 3.4…
Where to Stash Your Investments
October 17, 2022
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By Nellie S. Huang From Kiplinger’s Personal Finance Which investments you hold matters, but so, too, does where you hold them, whether it’s in a tax-advantaged account or a taxable one. The strategy of divvying up your assets into certain types of accounts to lower your tax bill is called asset location. The general advice…
Is an Annuity The Worst Investment a Young Person Can Make?
October 16, 2022
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Alternative InvestmentsAnnuitiesBrightFixed IncomeinvestingInvestmentpersonal financeretirementRoth IRA
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One of the best things that my mom ever did for me as a young adult was start an investment strategy for me. She wanted to get me started with investing so she set up some investment account with her financial advisor for my benefit. At the time, I was young, clueless and completely indifferent….
Millennial Money: Learn—Don’t Run—From Your Inner Critic
I can be so mean to myself. My inner critic roasts my actions like a political attack ad, with claims that are cruel, overstated and often inaccurate. My ad would assert that I’m stupid with money, bad at decision-making and a crybaby to boot—all endorsed by yours truly. I’m not the only one talking trash…
The Savings Game: Taking RMDs in stock
By Elliot Raphaelson From Tribune Content Agency IRA expert Ed Slott (irahelp.com), in a recent article, discussed an option for required minimum distributions (RMDs) that most investors are not aware of. When investors see the value of their equities fall, they don’t like selling shares in order to take required minimum distributions. Slott pointed out…
Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 14)
October 14, 2022
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Benchmark U.S. crude oil for November delivery fell $3.50 to $85.61 a barrel Friday. Brent crude for December delivery fell $2.94 to $91.63 a barrel. Wholesale gasoline for November delivery fell 7 cents to $2.63 a gallon. November heating oil fell 11 cents to $3.98 a gallon. November natural gas fell 29 cents to $6.45…
How Major US Stock Indexes Fared Friday Oct. 14, 2022
Stocks ended broadly lower on Wall Street, leaving most major indexes in the red for the week, as more concerns emerged about inflation. Markets fell after a report showed U.S. consumers raising their expectations for inflation, yet another signal that the Federal Reserve will have to continue aggressively raising interest rates. The strategy raises the…
What to Do When You Enroll in an Employee Stock Ownership Plan (ESOP)
October 14, 2022
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Depending on your company, your employer may offer different benefits packages and retirement plans. One less familiar type of plan you may encounter is an Employee Stock Ownership Plan (ESOP). If you haven’t dealt with these before, you’ll understandably have some questions when your employer offers you one. Nearly 14 million people in the United…
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