When modeling out retirement, people often apply rules of thumb for income timing. The classic one is the “4% rule,” which many people now think is a bit optimistic as a “safe” withdrawal rate. Bey...
Tag: general news
How credit cards ruined the airport lounge
This article is reprinted by permission from NerdWallet. Years ago, there were business travelers and there were leisure travelers, and nary did the perks of the high-flying former trickle down to th...
OPEC Just Put a New Floor on Oil Prices. Politics Could Break It.
Text size Top oil producers agreed on a major cut in production to boost crude prices, a move denounced by the U.S. Frederic J. Brown/AFP via Getty Images OPEC’s latest controversial decision to cut p...
Here’s how much retirement income you can buy today for $100,000
I come bearing good news for those who are recently retired, who are about to retire soon, and for anyone else who wants a secure income for the rest of their life. It’s not amazing news, so don’t bre...
American households and businesses are seeing their savings deteriorate as ‘financial fragility’ rises
After socking away savings during the aftermath of the COVID-19 crisis, American households and businesses are watching their financial cushions rapidly deteriorate as prices have soared and the Feder...
Here’s how much Shark Tank star Kevin O’Leary says you need in savings right now (and psst: it’s a lot less than Suze Orman recommends)
Shark Tank star and investment mogul Kevin O’Leary says keeping large sums of money in a low-interest savings account is a big mistake. (Photo by Dia Dipasupil/Getty Images) Getty Images Rates on high...
‘Could this be an indication they’re scamming us?’ Our financial adviser requested copies of our passport and licenses. Should we be wary?
Is your financial adviser asking for too much from you? Getty Images/iStockphoto Question: My partner and I have engaged the services of a financial planner. We are in the very early stages of setting...
Where’s the beef? Rancher sentenced to 11 years for ripping off Tyson Foods of nearly $250 million in ‘ghost cattle’ scam.
A Washington state rancher has been sentenced to 11 years in prison for a nearly quarter-billion-dollar ripoff of Tyson Foods Inc. TSN, -1.22% in which it sold the meat processor more than 260,000 hea...
He nailed three big S&P 500 moves this year. Here’s where this strategist sees stocks headed next, with beaten down names to buy.
A Wall Street hat trick may not be on the cards, with stocks in the red for Wednesday. A two-day rally was never a guaranteed exit out of the bear woods anyway, as some say signs of a durable bottom a...
I’m 66, own 5 properties, and wonder if selling might offer ‘a better retirement than being a landlord.’ But I’m struggling to find an adviser to help who isn’t ‘trying to sell me’ something. What should I do?
How to find the right adviser for you. Getty Images/iStockphoto Question: I’m looking for a financial advisor who’s not looking to just sell me some annuities or equities. I have five properties; thre...
Roth IRA and Roth 401(k): the world would be a better place without them
One can make a strong case for getting rid of the Roth version of both 401(k)s and IRAs. While having two forms of retirement saving is lovely for young professionals who know their tax rates will be ...
Global economy will ‘crumble’ if Fed doesn’t stop hiking interest rates, billionaire investor Sternlicht says
““They are going to cause unbelievable calamities if they keep up their action, and not just here, all over the globe,” ” — Barry Sternlicht, CEO, Starwood Capital Group Billionaire Barry Sternlicht,...
Nikola Founder Trevor Milton Hangs Legal Defense on Expert Testimony
Updated Oct. 4, 2022 3:02 pm ET Listen to article (2 minutes) Lawyers for Trevor Milton are anchoring the Nikola founder’s defense against securities-fraud charges on the testimony of a Harvard profes...
Over 50% of CEOs say they’re considering cutting jobs over the next 6 months — and remote workers may be the first go to
Alarm sirens from the C-Suite about a looming recession are gaining volume in America and elsewhere, but calls back to the office for full-time work are a lot softer. Most CEOs across the globe shared...
21 dividend stocks yielding 5% or more of companies that will produce plenty of cash in 2023
When the stock market has jumped two days in a row, as it has now, it is easy to become complacent. But the Federal Reserve isn’t finished raising interest rates, and recession talk abounds. Stock inv...
Opinion: Your off-ramp for I-bonds is coming up soon if you bought the securities for their juicy 9.6% yield
You can hold on to Series I bonds for 30 years, but if you jumped in when the interest rate skyrocketed to 9.62%, you might be looking for an off-ramp well before then. If you were attracted primarily...
Here’s exactly how much Suze Orman and Dave Ramsey say you need to save right now (and psst: most of you are falling short)
Personal finance experts Suze Orman and Dave Ramsey both recently upped the amount of emergency savings they recommend you have. Getty Images High-interest savings accounts are now paying significantl...
1 in 5 retirees don’t see this expense coming — or its $315,000 pricetag
Close up of a senior couple having breakfast and doing bills istock Only about one in four retirees has not experienced any kind of shock event in retirement, according to a study from the Society of ...
Trump Files Defamation Lawsuit Against CNN, Seeking $475 Million
Former President Donald Trump filed a defamation lawsuit Monday against CNN, accusing the network of engaging in a smear campaign against him in the lead-up to the 2024 presidential race. Mr. Trump’s ...
Opinion: This 401(k) bill opens the door to risky assets
Senators Pat Toomey, Tim Scott and Peter Meijer have just proposed a bill in Congress that would allow 401(k) plans to stretch beyond traditional investments like stocks and bonds. And when we say “be...
Trump files $475 million lawsuit against CNN, claiming defamation
NEW YORK — Former President Donald Trump on Monday sued CNN, seeking $475 million in damages, saying the network had defamed him in an effort to short-circuit any future political campaign. The lawsui...
Supreme Court won’t hear MyPillow CEO Mike Lindell’s defamation case
WASHINGTON (AP) — The Supreme Court says it won’t intervene in a lawsuit in which Dominion Voting Systems accused MyPillow chief executive Mike Lindell of defamation for falsely accusing the company o...
Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy
NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that c...
Weekend reads: How the Fed’s punishing policy can set you up for massive gains in the stock market
During a long bear market, investors’ moods can be so bleak and muddy that they cannot envision better times. But they always come. Warren Buffett has shown repeatedly over the decades how to enhance ...