Inflation concerns have many retirees worried about running out of money

Seniors at a computer

KEY POINTS As inflation creeps higher, many retirees worry about their nest eggs. Retirees may fight inflation by shifting portfolio assets and their mindset, financial experts say. But some advisors aren’t making significant changes to clients’ core portfolio allocations. Rising inflation has startled many retirees, who now worry about outliving their savings. The consumer price…

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Parents anxiously await the start of monthly child tax credit payments

child tax credit

In just a few weeks, millions of families will start to receive monthly payments from the federal government through its new, expanded child tax credit. For Marla Snead, 52, the money will mean the world. Snead and her youngest daughter, Carlee, 14, live in Chesapeake, West Virginia – her eldest, Kelsie, is 22 and out…

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Let’s Abandon These 5 Stock Market Myths for a More Profitable Future

reality check ahead

Stock market myths can be disastrous to your financial security. Don’t let these ones wreck your retirement. We all go through life believing in myths. Believing some of them may not hurt us too much — such as the myth that we all need to drink eight cups of water a day. (There’s no one-amount-fits-all…

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Another Inflation Warning

pension

The Philadelphia Fed finds historic price surges. The Federal Reserve is still printing money and holding short-term interest rates near zero, and today brings yet another signal that too little money is not the problem in the U.S. economy. This new report suggesting that the time for emergency monetary policy is over comes from within…

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Macro Alert: Inflation Is Spiking, But You Only Reopen the Economy Once

Inflation

Macro Alert From the Office of the Global Chief Investment Officer, Scott Minerd Inflation Is Spiking, But You Only Reopen the Economy Once Core CPI jumped to 3.0 percent year-over-year in April, the fastest pace since 1996. While the base effect from low readings in April 2020 was widely expected by markets, the monthly pace…

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Kamara’s financial savviness breaks from a sad NFL archetype

kamara saints player

NFL players like Warren Sapp, Vince Young, Bernie Kosar, Clinton Portis, and Lawrence Taylor made multi million dollar fortunes playing football, and then lost it all. Alvin Kamara is part of a new generation of superstars who refuse to make the same mistakes. Maybe you have heard the statistics about professional athletes losing entire fortunes…

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IRS: SECURE Act’s 10-year RMD rule is not what you thought

irs

The IRS released its interpretation of the SECURE Act’s rules for post-death payouts on IRAs and surprised everyone — and not in a good way! THE 10-YEAR RULE One of the big changes in the SECURE Act was the elimination of the stretch IRA for most non-spouse beneficiaries. It was replaced with the “10-year rule,”…

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U.S. Housing Market Is Nearly 4 Million Homes Short of Buyer Demand

building home

Freddie Mac says gap has widened significantly in past two years as builders struggle to keep up The U.S. housing market is 3.8 million single-family homes short of what is needed to meet the country’s demand, according to a new analysis by mortgage-finance company Freddie Mac. The estimate represents a 52% rise in the nation’s home…

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