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One gas station, two drivers and three fill-ups: The Iran war hits home The Washington PostThe Iran war has already hit your gas budget. Here's what it's coming for next. NBC NewsGas Prices Have Risen More Than 30% in Some States in Weeks Since Iran War Began The New York TimesAmerica Produces The Most Oil. So Why Are Gas Prices Surging? ForbesRising gas prices hitting US household finances and more pain is expected, Reuters/Ipsos poll
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What to know about Diego Garcia after Iran targets the remote island's key US military base AP NewsIran Brings Europe Into Range With Missiles Fired at Diego Garcia WSJDid Iran launch missiles at US-UK base on Diego Garcia? Here's what to know Al JazeeraIran launched missiles at US-UK military base in the Indian Ocean. Here's what that says about its capabilities CNN
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"It probably makes little sense, given our lifestyle, to obsess over retirement accounts."
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Experts say the case highlights how the industry appears to not have taken the issue of chip smuggling seriously.
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Deals: Galaxy S26 series gets its first price drop, the Pixel 10 series drops even further - GSMArena.com news GSMArena.comEveryday Moments, Made Easier with Galaxy AI samsung.comI shot 200 photos with Galaxy S26 Ultra vs. iPhone 17 Pro Max — there's a clear winner Tom's GuideThe Samsung Galaxy S26 Ultra Makes Me Wish All Phones Had a Privacy Screen WIRED
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From the new SALT cap to 401(k) ‘super catch-ups,' this guide can keep Uncle Sam out of your pocket.
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A lot of retirement guidance I have read lately continues to treat baby boomers the same as the rest of the investor public. Even after the first six months of 2022, when the traditional 60/40 stock/bond portfolio sank more than 20%.
I may not dispute the traditional approach for investors who are 25, 35 or 45 years old and accumulating savings for retirement or the kids' college education. As we know, markets historically rebound, and younger investors with time to recover from market corrections have the benefit of dollar cost averaging.
SEE MORE Find Out in 5 Minutes If You Have Enough to Retire
But boomers entering or already in retirement have different needs than all the "Gens" that have come after them: They may not be able to wait around for their depressed accounts to grow again. For boomers, income is the important consideration — income that stays steady and grows over the decades of retirement.
Where to find income
Economic downturns always provide winners along with the many losers, and annuity payment contracts (also called income annuities) — which with rising interest rates have increased the payouts on new contracts — are the current winners. As of August 15, 2022, new purchases of income annuities at certain ages are providing 20% to 50% (depending on the income start age) more than at the beginning of the year, and that could go up even further. They're almost the mirror image of mortgage interest rates, which are also going up.
How much do you think a 20% increase in annuity payments is worth? Just imagine that your starting Social Security benefit you could claim next year went up from $3,000 to $3,600 per month. Would that get your attention
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