How are you saving for retirement? Like most people, you’re probably contributing to a 401k or IRA. There’s nothing wrong with that. After all, there were about 600,000 401(k) plans in 2020, with 60 million active participants and millions of retired and former employees. And, in the same year, nearly 29 percent of US households owned traditional IRAs….
Inflation May Push Social Security COLA up Around 10% in 2023
September 8, 2022
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By Georgina Tzanetos From Bankrate.com With inflation near a 40-year high, Social Security could get a historic boost next year to help seniors keep up. The most recent estimate for a 2023 cost of living adjustment (COLA) is 9.6 percent, says Mary Johnson, Social Security and Medicare policy analyst for senior advocacy group the Senior Citizens League…
Choosing an Internet Provider to Meet Your Needs
When you want internet access, you want it to be fast and inexpensive. Because so many companies offer internet services in many areas, it’s hard to find the best internet deals. Fortunately, many internet providers offer packages that vary enough that you can find one that will match your needs better than other ones. Free…
How to Invest During a Recession
The U.S. economy fell into a technical recession following back-to-back quarters of negative GDP growth in the first half of 2022 as rampant and broad-based price inflation affected businesses and consumers. Looking ahead to 2023, economists and market analysts agree that the country will begin to see the real pain of an economic downturn. While experts…
Is the Housing Market About to Crash? Here’s What Experts Are Saying
By Jeff Ostrowski From Bankrate The U.S. housing market may be starting to slow down, but it is still hot. Double-digit appreciation is commonplace. Many sellers are still giddily sifting through multiple offers, and frantic buyers continue to pay more than asking prices—sometimes by $100,000 or more. Yes, the real estate party remains in full swing, far longer…
Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 7)
September 7, 2022
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Benchmark U.S. crude oil for October delivery fell $4.94 to $81.94 a barrel Wednesday. Brent crude for November delivery fell $4.83 to $88 a barrel. Wholesale gasoline for October delivery fell 11 cents to $2.31 a gallon. October heating oil rose 2 cents to $3.59 a gallon. October natural gas fell 31 cents to $7.84…
How Major US Stock Indexes Fared Wednesday Sept. 7, 2022
Stocks ended broadly higher on Wall Street, placing the market on pace to break a 3-week losing streak. The S&P 500 rose 1.8 percent Wednesday, and the tech-heavy Nasdaq rose even more. Small-company stocks outpaced the rest of the market. Airlines did well after United raised its revenue forecast following a busy summer travel season….
The Savings Game: Spousal and Survivor Benefits, and Other Reader Questions
By Elliot Raphaelson Q: In a recent column, you indicated that if you remarried after age 60, and had been receiving a spousal benefit on the basis of your ex’s Social Security earnings, that benefit ends immediately, and you had to wait a year before you could receive a benefit from your new spouse. I believe…
Do’s and Don’ts of Saving During a Recession
By Liz Hund From Bankrate Strategies to build your savings during a recession may involve adjusting your savings goals and cutting expenses, while paying down loans and avoiding additional debt. Getting into the habit of saving money takes discipline and can be challenging even during non-recessionary times. To help you navigate saving during a period of economic…
How Major US Stock Indexes Fared Tuesday Sept. 6, 2022
Stocks drifted lower on Wall Street, extending the market’s losses into a 4th straight week. The S&P 500 fell 0.4 percent Tuesday. Technology companies posted some of the biggest losses, pulling the Nasdaq composite down even more. The Dow Jones Industrial Average also fell. Markets are coming off of a three-week losing streak as investors…
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