High gas prices at stations in Garden Grove, California, on Monday, March 7, 2022. Jeff Gritchen | Medianews Group | Getty Images Inflation has continued to increase amid the Russia-Ukraine conflict and ongoing supply chain issues. But certain retirees may not feel the brunt of rising costs, financial experts say. Annual inflation rose by 7.9%
Month: March 2022
David Sacks | Getty Images Consumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making it hard to escape the budgetary sting. The Consumer Price Index jumped 7.9% in February relative to a year earlier, the largest
EcoVillage in Ithaca (EVI), New York is a cohousing community that has thrived since its founding in 1992. Co-housing communities attract all ages and in the last decade a large handful of them have been developed solely for adults over 60. EVI is multigenerational and operates a farm that helps to support its residents. There
Today’s Social Security column addresses questions about whether there’s a universal maximum Social Security benefit each year, when to start benefits to avoid the effects of the earnings test and the availability of spousal benefits for those born after 1954. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
The real estate industry isn’t exactly known for finding dynamic solutions to common problems. Yet, that is how Tripalink, which is a real estate brand that develops and manages co-living and standard apartments came to be. When Founder and CEO, Donghao Li had a challenging experience renting an apartment as an international graduate student at
Singapore wants to eventually allow all travelers to skip quarantine in the country as long as they are vaccinated, Transport Minister S. Iswaran said. In an interview with CNBC on Thursday, he said: “With greater vaccination and boosting of populations, and also better testing and safe management protocols, I think we have now been able
People walk by a Bored Ape Yacht Club NFT billboard in Times Square on Jan. 25, 2022. Noam Galai | Getty Images Sales of nonfungible tokens jumped to more than $17 billion in 2021, according to a new report from NFT data company Nonfungible.com. The study, developed with BNP Paribas-owned research firm L’Atelier, said trading
South Korean photographer Sang-kyu Gil has visited the Philippines around 10 times. Drawn by the beautiful scenery and affordable prices, the 42-year-old usually spends seven to 10 days in the country. That costs him around $400 — less than half the amount he expects to spend on a similar trip within his home country. His
marekuliasz | iStock | Getty Images As conflict between Russia and Ukraine continues to send shock waves through the markets, many investors may be questioning what, if anything, they should do next. The most common advice is to stay the course. That can be difficult on days like Tuesday, when fresh losses prompted both the
Insights into an Important Decision Most retirement plans today are defined contribution plans which promote an expectation of the potential for a large account balance. Some offer the option to convert that balance into a lifetime income, but most do not. Retirees who want a lifetime income stream can always make that choice by buying
A newly built custom home in Arizona’s Paradise Valley offers something many mansions don’t: single-level living. There are no steps within the sprawling 11,129 square feet of interiors. The stone-and-stucco contemporary, built by developer Norton Luxury Homes, breaks up its long horizontal facade with multiple gabled roof lines facing the hedged-lined street. Stately palm trees
Adidas CEO Kasper Rorsted told CNBC on Wednesday that it’s too soon to know when the company will restart business operations in Russia. “I think this is premature. The war has been going on for two weeks, and at this stage we’re taking the right decision at this moment. … I think it’s very difficult
Traders on the floor of the NYSE, Feb. 28, 2022. Source: NYSE Stock futures were little changed in overnight trading Wednesday after the major indexes posted sharp gains as commodity prices cooled. Futures on the Dow Jones Industrial Average dipped about 20 points. S&P 500 futures were near flat and Nasdaq 100 futures added 0.1%.
A “now hiring” sign is posted in the window of a restaurant in Los Angeles on Jan. 28, 2022. Frederic J. Brown | AFP | Getty Images The pandemic-era phenomenon known as the Great Resignation remained a hallmark of the labor market in early 2022, according to federal data issued Wednesday. Nearly 4.3 million people
Anchiy | E+ | Getty Images Lawmakers are considering a proposal to let 401(k) plans include annuities as a “default” investment option. Under a bill in the House, as much as 50% of a participant’s contribution could be put in an annuity, under certain circumstances. The idea, said supporters of the provision, is to help
Before long, many may start to view The Great Resignation as a Great Big Mistake. Over 3 million Americans decided to retire early amid the Covid-19 pandemic. The percentage of the US population in retirement has been gradually increasing for years, but this was a significant rise above the prevailing trend. Source: Federal Reserve Bank
Brooke Shields has sold her long-time Pacific Palisades home in Los Angeles for $7.4 million. The actress and super model bought the five-bedroom, five-and-a-half bathroom home 25 years ago for $3.24 million when she was married to tennis legend Andre Agassi. The home has three floors with lots of character. The Agency Located in the
In this article MCD A McDonald’s restaurant in St. Petersburg, Russia. Peter Kovalev | TASS | Getty Images McDonald’s expects its Russian shutdown will cost the fast-food giant roughly $50 million a month until it reopens its restaurants there. The Chicago-based company announced Tuesday it would temporarily shutter its Russian locations as Russian President Vladimir
In this article M Pedestrians carry Macy’s shopping bags in San Francisco, California, on Thursday, Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Macy’s says the American consumer is still healthy and spending. But, as escalating oil prices translate into higher prices at the gas pump and bigger grocery bills, the department
In this article VOW3-DE VW ID. Buzz VW Volkswagen is resurrecting its iconic microbus — the quintessential van associated with traveling Deadheads and the 1960s counterculture — as an all-electric van called the ID. Buzz. The German automaker on Wednesday finally unveiled the electric vehicle as a 21st-century descendent of its T1 Microbus. VW has
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