Tag: personal finance

Two-fifths of older workers ‘delaying retirement’ because of inflation, markets

There’s a new survey out, and pretty much everything in it depresses me. Retirement confidence is way down. Retirement anxiety is way up. Women in particular are sacrificing their own retirement plans to give financial aid to “family members” (adult children, presumably) or friends. Key retirement knowledge is minuscule. Read: Boost your bank account by …

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This simple, no-sweat portfolio makes money in all markets

Well now. This is interesting. Very interesting. And—potentially—very profitable. Especially if you want your savings to go to work and make you money in all environments—booms and slumps, crashes and manias, deflation and inflation, stagflation and apocalypse. And especially if you figure you do enough sweating actually making your money, without wanting your money to …

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Should I claim Social Security at 62 and invest it or wait until 70?

Choosing when to claim Social Security is a major financial decision that will affect your finances for the rest of your life. So, when’s the best time to start collecting for the best return? The short answer is wait until 70 to claim Social Security. The long answer is that claiming as early as possible—at …

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Home prices to tumble over 25% from peak levels in ‘overheated’ markets, says Goldman

Credit researchers at Goldman Sachs now expect home prices in several “overheated” metro areas to fall over 25% from peak levels. Metro areas included in their forecast were San Francisco, Austin, Phoenix and San Diego, according to a new home-price outlook from a Goldman research team led by Lotfi Karoui. Some of the markets at …

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US consumers increased their borrowing by $28 billion in November

Minneapolis CNN — US consumers’ credit-hungry approach to spending continued in November, with borrowing rising by nearly $28 billion, according to Federal Reserve data released Monday. The monthly increase, which was driven by higher rates of revolving credit, was below the $29.12 billion jump seen in October but extends a historic stretch of reliance on …

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How to Calculate Your FIRE Number to Retire Early

Photo: Maridav (Shutterstock) When most people plan for retirement, they’re making plans around their 67th birthday. Proponents of the FIRE movement, however, believe that retirement can be achieved decades earlier than the official retirement age. Here’s what to know about the elusive promise of Financial Independence/Retire Early and what it takes to reach financial freedom …

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Retirement savings changes may soon take effect. Here’s what it would mean for you

Editor’s Note: This an update of a story that originally published on December 8, 2022. New York CNN Business — There may soon be new retirement rules in place that could make it easier for Americans to accumulate retirement savings — and make it less costly to withdraw them — if lawmakers pass a major …

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