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How to Get Ahead During a Market Downturn
A recession can be the right time for several wealth-building strategies. Here are two possibilities to consider. Getty Images First, there was the supply chain slowdown, then the inflation ramp-up, followed by the gas price explosion, and now, we’re staring down...
Rate resets on 9.62% interest, taxes, inherited assets:
Experts weigh in on 3 tricky questions about Series I bonds KEY POINTS The demand for Series I bonds has skyrocketed as investors seek refuge from soaring prices and stock market volatility. Experts cover the key things to know about interest rate resets, taxes and...
How to calculate your own personal inflation rate amid rising prices
Inflation dropped slightly in April, yet it’s still close to a 40-year high, with consumer prices rising at an annual rate of 8.3%. Rising costs for housing, food, airfares and new cars were the biggest contributors to that key gauge of inflation. The typical...
Worried about an economic downturn?
Here’s what you can expect in a typical recession, according to economists d3sign There has been a lot of chatter recently about the possibility of a recession. Yet what exactly does that mean — and what would a potential downturn look like? A recession is defined as...
Does inflation have you worried about retirement?
Here’s what experts say to do Geber86 | E+ | Getty Images Inflation may have you worried about your retirement. Prices have been rising on everything from food to housing. In April, the consumer price index, which measures the prices of goods and services, notched...
Retiring Soon With a Pension?
Here’s how rising interest rates can affect your lump-sum benefits KEY POINTS Many companies that offer traditional pensions give workers the option to take their benefits as a lump sum instead of as an annuity. The higher the rate used to calculate a lump sum — to...
These are the jobs with the oldest workforces in the United States, from farmers to shuttle drivers
These are the jobs with the oldest workforces in the United States, from farmers to shuttle drivers. The occupations with the oldest workers span various industries and income levels, as some need more experience and others are being phased out. More and more people...
House passes bill aimed at curbing the $2.9 billion seniors lose each year to financial scams
Unsuspecting older Americans get duped by financial scams every year. Now, a bill in Congress aims to to increase regulators’ abilities to help end that. “No one from the IRS is going to call you and ask you to send money,” one expert says. “Only scammers do that.” ...
Protecting Your Home Against Flood Loss
In 2019, the average flood claim payout from the National Flood Insurance Program was $52,000.1 The financial loss that comes with flooding can be devastating. Yet, many Americans are not protected against flood damages, primarily because flooding is not covered under...
The A, B, C, & D of Medicare
Breaking down the basics. Whether your 65th birthday is on the horizon or decades away, understanding the different parts of Medicare is critical, as this government-sponsored program may play a role in your future health care decisions. Parts A & B: Original...