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The Wall Street Journal
Buying the Stock-Market Dip Is Backfiring. Investors Keep Piling In Anyway.
It is the worst year for buying the stock-market dip since the 1930s. Instead of rebounding after a tumble, stocks have continued to fall, denting a strategy that soared in popularity over the past decade.
MarketWatch
Don’t panic about your 401(k)
It’s been a heckuva turbulent ride, including Russian defaults, emerging market crises, dot-com disasters, terrorist atrocities, global financial meltdowns, a U.S. housing collapse that rivaled the Great Depression, inflation panics, deflation panics, energy crises, sovereign debt crises, and a global pandemic. Read: What is a bear market? The people who panic and sell the stocks in their retirement portfolios right here will end up kicking themselves.
MarketWatch
I’m a 39-year-old single dad with $600,000 saved — I want to retire at 50 but don’t know how. What should I do?
Although it is unfortunate that you do not have access to an employer-sponsored retirement plan, you’re far from alone. You mention having individual retirement accounts, but you could look into opening a Roth IRA, which is funded with after-tax dollars. “I would start there,” said Chris Hardy, a certified financial planner at Paramount Investment Advisors.
SmartAsset
This Is This Best Age to Retire
Part of a sound retirement planning strategy involves choosing the best age to retire. The normal retirement age is typically 65 or 66 for most people; this is when you can begin drawing your full Social Security retirement benefit. It … Continue reading → The post What Are the Best Ages to Retire? appeared first on SmartAsset Blog.
Bloomberg
Stock Traders Brace for a Steeper Dive as Fed Ups Recession Fear
(Bloomberg) — A hawkish Federal Reserve crushed whatever hope investors had, plunging the stock market into a doom spiral last week and sparking traders’ fears that even more losses are on the way. Most Read from BloombergBank of England Says Paper Banknotes Only Good for One More WeekThe Great Bond Bubble Is ‘Poof, Gone’ in Worst Year Since 1949John Paulson on Frothy US Housing Market: This Time Is Different‘Read Putin More Often and Carefully,’ Lavrov Tells the WorldUK Market Plunge Sparks Ta
MarketWatch
Planning to retire? Here’s a list of at least 14 things to account for first
Retirement requires an enormous amount of planning, affecting not only how much money to put aside for old age but how to spend and maintain it. Retirement Tip of the Week: When planning for retirement, especially if you plan to retire soon, make a list of expenses you expect to have — as well as any other variables that will affect your financial picture. Anything can happen in retirement, especially since for many of us this chapter of life could span decades.
SmartAsset
Putting 20% Down on a Mortgage May Be a Mistake
When you put 20% down on the purchase of a home, you don’t have to borrow as much money as someone whose down payment is only 5% or 10%. And as a result, your monthly mortgage payment may be considerably … Continue reading → The post This One Chart Shows Why Putting 20% Down on a Mortgage May Be a Mistake appeared first on SmartAsset Blog.
SmartAsset
You Need This Much to Live Off Dividends
Dividends can be used to create passive income in an investment portfolio or grow wealth over the long term through reinvestment. Knowing how to live off dividends may be central to your retirement planning strategy if you want to avoid … Continue reading → The post How Much Do You Need to Live Off Dividends? appeared first on SmartAsset Blog.
KCRA – Sacramento Videos
‘History happening as we bury a legend’: Motorcycle mourners pay tribute to Hells Angels leader Sonny Barger
It’s been a constant roar of motorcycles revving their motors as mourners make their way into Stockton’s 99 Speedway. Thousands turned out on two wheels for the six-hour funeral service for Ralph “Sonny” Barger, 83. The Modesto native died in June after a brief battle with cancer. Barger is credited with creating the first Oakland chapter of the Hells Angels in 1957. “History, history, history happening in Stockton right now,” said Anthony Serna. “Bury a legend, bury a legend. RIP Sonny Barger.”
Motley Fool
3 Artificial Intelligence Stocks You Can Buy and Hold for the Next Decade
The artificial intelligence (AI) market has become one of the tech sector’s hottest pockets of growth in recent years. Many organizations now realize that crunching massive amounts of data with AI algorithms can help them make smarter decisions, spot overarching trends, and optimize their businesses. Investors looking for a value stock that has plenty of exposure to the growing AI market should take a closer look at IBM (NYSE: IBM).
MarketWatch
This could be the perfect time for Social Security reform—except for one thing
High inflation, a turbulent stock market and a recession loomed before Social Security reform happened in 1982. The economic climate today mirrors many conditions of the 1980s when Social Security had its last sweeping changes, experts say, and while that could help to spark a new round of reform, the current political climate may make change difficult any time soon. The changes that went into effect in 1983 included the taxation of Social Security benefits, the first coverage of federal employees under Social Security and an increase in the retirement age.
Bloomberg
John Paulson on Frothy US Housing Market: This Time Is Different
(Bloomberg) — John Paulson became a billionaire after his hedge fund effectively shorted more than $25 billion of mortgage securities at the dawn of the global financial crisis. Most Read from BloombergBank of England Says Paper Banknotes Only Good for One More WeekThe Great Bond Bubble Is ‘Poof, Gone’ in Worst Year Since 1949John Paulson on Frothy US Housing Market: This Time Is Different‘Read Putin More Often and Carefully,’ Lavrov Tells the WorldUK Market Plunge Sparks Talk of Emergency BOE
