By Susan Freudenheim, Next Avenue Just as my husband and I, both recent retirees, began drawing down our retirement savings, we’ve been hit by the barrage of nerve-wracking news reports — from 9% inflation and rising interest rates to stock market gyrations and recession warnings. I called my financial advisor to ask how worried we
Month: August 2022
New listings of homes for sale fell 15% year over year in the four weeks ending August 21, the biggest annual decline since the start of the pandemic. As a result, the supply of for-sale homes fell 0.6% from the previous four-week period–a slight decline, but just the second such drop since February, according to
In this article F Visitors check on a Ford Mustang Mach-E electric vehicle displayed at a launch event in Shanghai, China April 13, 2021. Yilei Sun | Reuters DETROIT – Ford Motor is hiking the starting prices of its electric Mustang Mach-E crossover by more than $8,000 for some models, as it reopens order banks
Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he expects the central bank to continue raising interest rates in a way that will cause “some pain” to the U.S. economy. In his much-anticipated annual policy speech at Jackson Hole, Wyoming, Powell affirmed that the Fed will “use our
Consistently saving a small percentage of your salary is a simple way to ensure you’re prepared for retirement. As a rule of thumb, most financial advisors suggest you save 10% to 15% of your earnings. Here’s a case study assuming you start with no savings, plan to retire at 65 and have investments that earn
President Biden this week announced a long-awaited plan to forgive student debt for millions of borrowers — and criminals will likely leverage the news to steal from unsuspecting victims, the Federal Trade Commission warned on Friday. “Nobody can get you in early, help you jump the line or guarantee eligibility,” said a consumer alert issued
It’s not always true, but in many ways, you can save far more by contributing to a Roth 401(k) rather than to a traditional Roth IRA. They’re similar in many ways, but the differences may give you the edge you want. “A Roth 401(k) is better than a Roth IRA because an individual can contribute
By Jennifer Nelson, Next Avenue Robert Johnson, a professor of finance at Creighton University’s Heider College of Business, retired from a career in financial education in 2018 but recognized that he wasn’t comfortable spending his retirement years as if he were on perpetual vacation. Johnson says that while playing golf, reading for pleasure and having
Those who say it is more difficult to choose between two rights than two wrongs are correct—just look at the real estate market of Santa Barbara. The dramatic landscape of beaches, bluffs and hills stretches across the central coastal city, and impressive properties line many of its sought-after streets, making the decision of choosing one
‘House of the Dragon’ series logo displayed on a phone screen and HBO Max website are seen in this illustration photo taken on August 16, 2022. Jakub Porzycki | Nurphoto | Getty Images “Game of Thrones” prequel series “House of the Dragon” has been renewed for a second season, HBO said Friday. The announcement comes
In this article SGEN PTON FTCH AFRM Electronic Arts (EA) signage is displayed on the back of a chair at the company’s campus in Burnaby, British Columbia, Canada. Ben Nelms | Bloomberg | Getty Images Electronic Arts (EA) signage is displayed on the back of a chair at the company’s campus in Burnaby, British Columbia,
Dubai’s Emirates airline in August announced an investment of over $2 billion to improve its inflight customer experience, including cabin interior upgrades and new menus — with unlimited caviar. The world’s biggest long-haul carrier will be retrofitting over 120 aircraft with new interiors, as well as dishing up menus with new vegan options and cinema
Getty Images President Joe Biden‘s student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. However, experts say the cancellation may still trigger a state tax bill. Most borrowers making less than $125,000 per year or $250,000 for married couples filing together will qualify
A secret service agent. Julia Nikhinson | AP The U.S. Secret Service returned $286 million in fraudulently obtained pandemic aid loans to the Small Business Administration, the agency announced Friday. The funds sent back to the SBA were obtained via the Economic Injury Disaster Loan (EIDL) program using both fabricated information and stolen identities. The
The old adage is, “You can’t spend pre-tax investment returns.” After-tax returns are what count. The tax rules on investments are in effect all year, but few people take advantage of that. Too many people don’t start thinking about investment taxes until near the end of the year, or even after the year is over.
By Michelle Talsma Everson, Next Avenue Cindy Kibbe, writing under her pen name C.K. Donnelly, is the author of “The Kinderra Series,” an award-winning set of young adult fantasy novels. Like many authors, she self-publishes her work — in her case after she received more than 100 rejections from traditional publishers. It is increasingly common
Home sales are falling, down 20% in the last year. Big declines occurred among people thinking about moving up to a larger, nicer or newer house. The simple arithmetic of home payments drives this decline. Imagine a family that owned a house an refinanced it in the summer of 2020, taking advantage of low mortgage
In this article CMG A Chipotle Mexican Grill sign is seen in the Park Slope neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images A Chipotle Mexican Grill restaurant in Lansing, Michigan, became the chain’s first location to vote to unionize. Workers at the store voted 11 to three
Check out the companies making headlines before the bell: Electronic Arts (EA) – The video game company’s stock jumped 6.2% in the premarket on a Swedish media report that Amazon.com (AMZN) will announce an offer today to buy EA. Gap (GPS) – Gap rallied 6% in premarket trading after the clothing retailer reported an unexpected
Randi Zuckerberg says she’s a “big proponent of the real world” — especially when it comes to protecting children from technology. Speaking at the Credit Suisse Global Supertrends Conference in Singapore earlier this month, Randi Zuckerberg, who is founder and CEO of Zuckerberg Media, discussed worries among many that the metaverse will take children further
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