You probably already know the three big mistakes most people make: not having a budget, carrying large credit card debt, and not saving for retirement. But there are some other everyday mistakes that you might not realize. Knowing these financial pitfalls can lead to a more stable life and help you plan for retirement. Here…
Closing Prices for Crude Oil, Gold and Other Commodities (Nov. 10)
Benchmark U.S. crude oil for December delivery rose 64 cents to $86.47 a barrel Thursday. Brent crude for January delivery rose $1.02 to $93.67 a barrel. Wholesale gasoline for December delivery rose 3 cents to $2.57 a gallon. December heating oil fell 9 cents to $3.57 a gallon. December natural gas rose 37 cents to…
Series I Bonds, SS Benefits and Other Reader Questions
By Elliot Raphaelson From Tribune Content Agency Question: I am 65 years old. Does it make sense for me to purchase a 30-year Series I bond if it is likely I won’t be around when it matures? Answer: Although the I bond has a 30-year maturity, you can redeem the bond after one year. If…
Credit Card Rates Hit Record High as Borrowing Costs Soar Amid Fed Hikes
Interest rates on credit cards have hit a record high as the Federal Reserve shows no signs of pivoting away from its monetary tightening policy. The average credit card annual percentage rate (APR) has hit 19.04 percent, Ted Rossman, a senior industry analyst at Bankrate, said to The Epoch Times. This is a new record…
Dow Jumps 900 Points on Cooler Inflation Data, but Experts Warn of ‘Disappointment’ as Fight Against Soaring Prices Is Far From Over
Wall Street’s main equities indexes jumped on the opening bell Thursday as investors bet that lower-than-expected inflation data would prompt the Federal Reserve to ease off on rate hikes. But experts warn it’s far too soon to declare victory in the fight against soaring prices and that investors should brace for more “disappointment.” At the…
Death of the American Dream and Home Ownership?
Homes historically have served as the primary store of value and wealth creation for most Americans. Housing represented one asset class that was available to both working and middle-class Americans, facilitated in part through government-sponsored entities (GSEs) such as Fannie Mae and Freddie Mac, formed following the Great Depression, that aggregated lender risk, created market…
Millennial Money: Set Financial Limits for Holiday Visits
For many, visiting family for the winter holidays is a matter of “how,” not “if.” But this year, rising costs could make travel less affordable, especially when paired with other life changes—say, moving cross-country, going to school or getting married. The best way to tame these holiday travel costs? Set financial boundaries with your family…
5 Ways to Save This Holiday Shopping Season
This holiday shopping season is shaping up to be longer, pricier and in some ways more chaotic than in previous years, which makes it easy to overspend. But there are also opportunities for significant savings if you know where and how to search for them. “There are supply chain issues, inflation, major retailers reducing inventory—when…
Closing Prices for Crude Oil, Gold and Other Commodities (Nov. 9)
Benchmark U.S. crude oil for December delivery fell $3.08 to $85.83 a barrel Wednesday. Brent crude for January delivery fell $2.71 to $92.65 a barrel. Wholesale gasoline for December delivery fell 10 cents to $2.54 a gallon. December heating oil fell 11 cents to $3.66 a gallon. December natural gas fell 27 cents to $5.87…
Retirement: Minimizing Medicare Premium Surcharges
By David Rodeck From Kiplinger’s Personal Finance Just because you’ve reached the age when you can sign up for Medicare doesn’t mean that you’re done paying for health insurance. While Medicare Part A for hospital coverage is free for most retirees, Part B (outpatient) and Part D (prescription drugs) do charge monthly premiums. And if…
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