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Spreading out your donations through the year can be a financial win-win.
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Sales of previously occupied U.S. homes rose in November from the previous month, but slowed compared to a year earlier for the first time since May.
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Stocks rise with tech boost, yen weakens after Japan rate hike ReutersThe Bank of Japan Raised Rates. Here's Why You Should Care. The Wall Street JournalYen Weakens Despite BOJ Hiking Rate to Highest Level Since 1995 Yahoo FinanceBank of Japan Raises Interest Rates to Highest Level in 30 Years The New York TimesS&P 500: Butterfly Effect From Japan Rate Hike Seeking Alpha
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"The numbers could be enormous when you look at the potential opportunities," one expert says.
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EU will eventually use Russian assets to pay for Ukraine war costs, Manfred Weber says politico.euTo Secure Money for Ukraine, Europe Had to Resort to a Messy Compromise The New York TimesEU Backs $105 Billion Loan to Ukraine—Without Use of Frozen Russian Assets Foreign PolicyDecember 19, 2025: Russia-Ukraine war and Putin year-end address CNN
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Elon Musk's 2018 Tesla Pay Deal Is Restored by Delaware Supreme Court The New York TimesElon Musk gets his $139 billion pay package from 2018 restored after a yearslong battle with a Delaware judge CNNMusk's $56 billion Tesla pay package must be restored as court rules cancellation was too extreme CNBCCourt restores Elon Musk's disputed $56 billion Tesla payday The Washington PostElon Musk's massive 2
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Emma Barker Bonomo, Editorial Director at Time, joins Barbara & Americus to discuss how the magazine curates its annual Best Inventions list, highlighting the criteria, trends, and global significance behind the most impactful innovations of the year. Hosted on Acast. See acast.com/privacy for more information.
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If you're a retiree (or near retiree) who isn't worried about inflation, you're either fabulously wealthy or not paying attention. Even for super savers, inflation is retirement kryptonite. To keep up with rising costs, you may be forced to take larger withdrawals from your portfolio, increasing the risk that you'll outlive your nest egg. And if inflation is accompanied by a bear market, as it is now, those withdrawals can leave a permanent hole in your portfolio.
More than 70% of individuals age 50 and older are concerned that inflation will cause serious economic hardship during their retirement, according to a recent national poll Kiplinger conducted with Athene, a retirement services company. Although you can't control the inflation rate—or the stock market—you can take steps to protect your retirement security.
The 4% Rule for Retirement Withdrawals
One of the most perplexing questions facing retirees is this: How much can I withdraw from my savings each year without running out of money? For many, the answer has been to use the 4% rule, developed by William Bengen, an MIT graduate in aeronautics and astronautics who later became a certified financial planner.
Here's how it works: In the first year of retirement, withdraw 4% from your IRAs, 401(k)s and other tax-deferred accounts (which is where most workers hold their retirement savings). For every year after that, increase the dollar amount of your annual withdrawal by the previous year's inflation rate. For example, if you have a $1 million nest egg, you would withdraw $40,000 the first year of retirement. If inflation that year is 2%, in the second year of retirement you would boost your withdrawal to $40,800.
Although the 4% rule has held up well since it was introduced in 1994, Bengen acknowledges that a period of high inflation could threaten his formula. And this past year illustrates why: Using the above example, if you retired this year and withdrew $40,000 fr
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