Category: personal finance

Is an Annuity a Good Investment?

What springs to mind when you think of investing? You probably envision Wall Street and the frantic pace of the New York Stock Exchange floor. There are some of you who may visualize Fortune 500 ticker symbols. You could also think of the less exciting pie chart on your annual mutual fund report if you’re…


MBA Applications at Top Ivy League Universities See Double Digit Drops

Applications to top business school programs at top Ivy League universities saw double-digit drops this semester. Major MBA programs like Harvard Business School have reported steep drops in applications due to a tight labor market and expensive costs of the degrees, which have pushed many would-be applicants away, according to an article in The Wall Street Journal….


Inflation Is Crushing Americans’ Savings—Here Are 6 Tips to Protect Your Money

By Sarah Foster From Bankrate.com Building up a stable cushion of cash you can rely on in emergencies seems daunting even in normal economic times. Add the steepest loss of Americans’ purchasing power in more than 40 years into the mix, and the task can seem next to impossible. Prices have climbed on almost every…


How Major US Stock Indexes Fared Wednesday Oct. 5, 2022

Stocks ended slightly lower on Wall Street as a gangbuster two-day rally ran out of gas. The S&P 500 ended 0.2 percent lower Wednesday after briefly heading into the green late in the day. Its early rally this week was the biggest since the spring of 2020, spurred in part by hopes a softening economy…


Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 5)

Benchmark U.S. crude oil for November delivery rose $1.24 to $87.76 a barrel Wednesday. Brent crude for December delivery rose $1.57 to $93.37 a barrel. Wholesale gasoline for November delivery fell 1 cent to $2.67 a gallon. November heating oil rose 15 cents to $3.69 a gallon. November natural gas rose 9 cents to $6.93…


Alternatives to Annuities

You may be attracted to the idea of receiving a lifelong income after retirement. Unfortunately, pensions are disappearing. Only 31 percent of Americans currently retire with defined benefit pension plans. While 84 percent of people receive Social Security Old Age, Survivors, and Disability Insurance (OASDI) benefits, it was never intended to be their sole source…


5 Rules to Build Wealth

At the tender age of 11, I made a solemn vow that when I grew up I was going to be rich. My plan was simple: Marry well. I bless the day I married my husband, a man who is rich in character and unfailing love. I assumed his money would follow. While waiting for…


Questions Seldom Asked

Because I’ve been writing this column for about a quarter-century now, you probably can guess that there are questions I’ve been asked hundreds (if not thousands) of times during the past 25 years. And I don’t think there is a single Social Security-related question I’ve never been asked. But it dawned on me as I…


Job Creation Numbers Beat Forecasts, Fresh Sign of Tight Labor Market

Job creation numbers slightly beat forecasts in September, but the U.S. labor market showed signs of tightening. Demand for workers remains strong, despite another increase in interest rates and weakening financial conditions, according to  ADP’s National Employment report for September, released on Oct. 5. ADP, the payroll services firm, jointly compiles the jobs report with…


For Snowbirds, Home Is a Low-Tax State

By Rocky Mengle From Kiplinger’s Personal Finance Snowbirds often own two homes—one up north where these retirees spend the warmer months and one down south in colder ones. When one of those homes is in a high-tax state and the other is in a low-tax state, you want to establish residency in the low-tax state…