Category: personal finance

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…


How Much Should You Get in Required Minimum Distribution Withdrawals?

When you decide you are ready to retire, you may want to start withdrawing funds from your retirement account(s). You will need to be a minimum age of 59½ before you are allowed to do so without penalty. If you have reached the age where you need to take out required minimum distributions (RMDs) (70½…


The Practical Ways Cofounders Protect Your Best Interests

As the cofounder of a startup, to protect your best interests should be a priority. No matter how friendly you are with the other members of the founding team, you have to look out for your own best interests. Otherwise, you could end up on the outside looking in. Five Tips for Protecting Your Best Interests…


How Major US Stock Indexes Fared Tuesday Sept. 20, 2022

Stocks closed lower on Wall Street ahead of a key decision on interest rates by the Federal Reserve. The S&P 500 fell 1.1 percent Tuesday. The Nasdaq composite and the Dow Jones Industrial Average also lost ground. Treasury yields were mostly higher. Traders are waiting to see how high the Fed will raise interest rates…


Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 20)

Benchmark U.S. crude oil for October delivery fell $1.28 to $84.45 a barrel Tuesday. Brent crude for November delivery fell $1.38 to $90.62 a barrel. Wholesale gasoline for October delivery fell 1 cent to $2.45 a gallon. October heating oil rose 6 cents to $3.37 a gallon. October natural gas fell 3 cents to $7.72…


Family Finances: What to Do With a Windfall

By Rivan V. Stinson From Kiplinger’s Personal Finance It’s a cliché, but it’s also true: Every cloud really does have a silver lining. That was hammered home for me after I was recently rear-ended in a car accident. I wasn’t hurt, but it was a frightening experience, and the amount of paperwork required in its aftermath…


Are You Making Mistakes While Trying to Get Out of Debt?

One of the best things you can do for yourself is to get out of debt. Besides feeling greater freedom without a constant financial burden hanging over your head, you also have the liberty to buy some things you have always wanted. Getting out of debt is not always easy, but it will be even…


US Giant BlackRock Buys New Zealand ‘Virtual Power Plant’ for $60 Million

U.S. investment giant BlackRock will buy New Zealand rooftop solar company solarZero, for NZ$100 million (US$60 million) as part of its wider clean energy push into the Asia-Pacific region. Founded in 2008, solarZero says it has built the region’s largest “virtual power plant” and installed systems on over 9,000 homes. The company’s business model is…


5 Unexpected Expenses to Prepare for in Retirement

It’s no secret that retirement can be expensive. It’s why we spend (or should spend) most of our productive life planning and preparing for it so it doesn’t become a financial nightmare. But even with the best-laid plans, some unexpected expenses can pop up and throw a wrench in your budget. That’s when we think,…


Investing in Our Oceans

By Ellen Kennedy From Kiplinger’s Personal Finance Like all investors, those who are focused on sustainability are looking for ways to hedge inflation and deliver long-term value in today’s economy. Two new exchange-traded funds stand out—the first by providing active management in the often-overlooked specialty of ocean health, and the second by investing in futures contracts…