Aug 23, 2022 | Investments, Retirement Planning
SPENCER PLATT/GETTY IMAGE I recently talked to one more reporter who commented that our current inflation situation must be particularly hard for retirees who “live on fixed incomes.” The fact of the matter is that Social Security is the major source of retirement...
Aug 19, 2022 | Retirement Planning
GETTY IMAGES New 401(k) statements will start helping you figure how much income you’ll get, but it may be overly conservative. It’s possible that the new lifetime income projections sent to employees will disappoint them. You probably have money saved up for...
Aug 12, 2022 | Retirement Planning
Photo: Steve Adcock I wasn’t born rich. We did not start our own business. Neither of us inherited a substantial amount of money. We didn’t even have side hustles at the time. We accumulated wealth the old-fashioned way — by working hard and making strategic financial...
Aug 9, 2022 | Investments
Interest rates were raised by the Fed for the fourth time this year to help combat high inflation. Source: Getty Images Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a...
Aug 2, 2022 | Investments
as the Federal Reserve again hikes rates by 75 basis points KEY POINTS The Federal Reserve on Wednesday enacted its second consecutive three-quarters of a percentage point interest rate increase to combat soaring inflation. Some advisors have shifted stock...
