If you are a retiree who did a good job planning for retirement, chances are you’re sitting on a large nest egg and wondering how to make your money last while providing a regular source of income. You may also be thinking of splurging a bit on that luxury car you always wanted or investing in a third…
Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 21)
Benchmark U.S. crude oil for November delivery fell $1 to $82.94 a barrel Wednesday. Brent crude for November delivery fell 79 cents to $89.83 a barrel. Wholesale gasoline for October delivery rose 4 cents to $2.49 a gallon. October heating oil fell 4 cents to $3.33 a gallon. October natural gas rose 6 cents to…
How Major US Stock Indexes Fared Wednesday Sept. 21, 2022
Wall Street closed sharply lower after the Federal Reserve stepped up its fight against inflation by raising interest rates. The S&P 500 lost 1.7 percent Wednesday, as did the Dow Jones Industrial Average. The Fed’s fifth rate hike of the year came in as expected, three-quarters of a percentage point, but the central bank also…
My Action Plan for Saving and Spending
It is crucial to know where your money goes if you want to get your finances under control. The problem? That isn’t always obvious: Sure, you may keep track of your monthly bills. But what about your daily expenses? When you add up your out-of-pocket expenses, you might be surprised at how much you spend on…
Regrets? Retirees Have a Few
By Janet Bodnar From Kiplinger’s Personal Finance How would you respond if someone asked you what advice you would give your younger self to improve your financial situation in retirement? In its Retiree Reflections Survey, the Employee Benefit Research Institute put that question to more than 1,000 retirees between the ages of 55 and 80….
Lessons From Ireland’s Rental Crisis
On Aug. 1, only 716 homes were available for rent in the whole of Ireland, a country of five million people. The result? In one instance, hundreds of hopeful renters were photographed—by podcaster Conor Finn—waiting outside a property in Dublin. “Been here almost 30 mins, barely any movement, and 50+ more have joined the queue,”…
How to Cope With Higher Interest Rates
For most of 2022, the financial markets have been bleeding red ink, driven by rising interest rates, high inflation, and recession fears. The Federal Open Market Committee, the policy-making arm of the Federal Reserve, raised interest rates by 75 basis points following its two-day meeting on Sept. 20–21. Based on the language coming out…
Fed Boosts Rates Again: Here’s How to Cope With Higher Interest Rates
For most of 2022, the financial markets have been bleeding red ink, driven by rising interest rates, high inflation, and recession fears. The Federal Open Market Committee, the policy-making arm of the Federal Reserve, raised interest rates by 75 basis points following its two-day meeting on Sept. 20–21. Based on the language coming out…
Delayed Retirement Credits Explained
People who delay starting their Social Security beyond their full retirement age get a bonus equal to two-thirds of 1% added to their Social Security checks for each month they wait to begin benefits. If your full retirement age is 66, that comes out to a 32% bonus if you wait until age 70 to…
What the Fed’s Jumbo Rate Hike Means for Your Budget
The Federal Reserve raised interest rates by 75 basis points during its September Federal Open Market Committee (FOMC) policy meeting. After four previous increases, the benchmark fed funds rate now stands in the 3.00 percent to 3.25 target range. Economists are anticipating two more rate hikes to finish 2022, but the size might depend on…
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