Category: personal finance

Buying Wisely in Today’s Frenzied Used Car Market

New car shortages have put pressure on the used car market. Although used car prices are settling down, they’re still 22 percent higher than in 2021. And according to the consumer price index, as of June 2022, used car prices were over 44 percent higher than in the first quarter of 2020. Buying a vehicle has…


Nothing That Special About Age 70

I wrote a recent column in which I pointed out that waiting until 70 to start your Social Security, which is the mantra of almost everyone who is trying to “maximize” their retirement benefit, is not always the smartest move. But still many people insist on waiting until that alleged magic age to draw their…


Principal Annuities: What You Need to Know

Annuities, at their core, are simply tax-deferred investments sold by insurance companies to supplement financial security during retirement. At the same time, there are many different types of annuities that make annuities more complex. ‌As‌ ‌a‌ ‌result,‌ ‌Americans may be scared of annuities when ‌considering‌ ‌their‌ ‌financial‌ ‌goals. With that said, one of the most frequent questions…


10 Mortgage Hacks Every Homeowner Should Know to Save Thousands

The average monthly mortgage cost in the United States is $1,492 per month according to data from Value Penguin. As such, it’s typically one of the largest line items on a person’s budget. If homeowners want to reduce this monthly payment faster, there are several mortgage hacks you can implement that will save you thousands of dollars on your…


We Need More Inequality, Not Less

Commentary  We are bombarded regularly with narratives touting the ravaging effects of income inequality in capitalist societies. For many, inequality is the signature economic story of the twentieth century and must be averted at all costs. But inequality is only problematic when it’s the culmination of corrupt policies that grant favors to privileged groups. In reality, market-driven…


Closing Prices for Crude Oil, Gold and Other Commodities (July 19)

Benchmark U.S. crude oil for August delivery rose $1.62 to $104.22 a barrel Tuesday. Brent crude for September delivery rose $1.08 to $107.35 a barrel. Wholesale gasoline for August delivery rose 4 cents to $3.31 a gallon. August heating oil fell 3 cents to $3.63 a gallon. August natural gas fell 21 cents to $7.26…


9 Ways to Invest in Real Estate for Retirement

Investing in real estate is one of the oldest forms of investing and many people consider it to be a safe investment compared to other more volatile investments like stocks. This is because traditional real estate investing, or buying rental properties, provides more stability than the stock market does. When you buy a house or apartment…


4 Top Tips to Protect Your Portfolio Against a Recession

By James Royal From Bankrate.com With stocks plummeting and interest rates rising, many investors expect a recession in the near future. So how can you prepare your portfolio for a possible downturn? Bankrate’s Second-Quarter Market Mavens survey asked professional investors what you should do to protect your money and how to invest in the event…


How to Afford Big-Ticket Items for the Year—Timing Could Really Make a Difference

When Brandy Baxter needed to replace her home’s entire heating and air conditioning system several years ago, she asked contractors if they offered deals at certain times of the year. She learned that if she waited until February, the slow season for such work, she could get a lower price. Baxter, a financial coach based…


Closing Prices for Crude Oil, Gold and Other Commodities (July 18)

Benchmark U.S. crude oil for August delivery rose $5.01 to $102.60 a barrel Monday. Brent crude for September delivery rose $5.11 to $106.27 a barrel. Wholesale gasoline for August delivery rose 5 cents to $3.25 a gallon. August heating oil fell 4 cents to $3.66 a gallon. August natural gas rose 46 cents to $7.48…