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Iran threatens to 'completely' close Strait of Hormuz and hit power plants after Trump's ultimatum AP NewsIran threatens to retaliate against Gulf energy and water after Trump ultimatum ReutersUS, Iran threaten more energy strikes as gas prices surge. What to know USA TodayDay 22 of Middle East conflict — Iran missiles hit Israel, injuring dozens CNNIran War Live Updates: Tehran Vows to Destroy Key Infrastructure After Trump's Power Plant Threat
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2026 March Madness live updates: Men's NCAA Tournament bracket, scores for second-round games on Sunday CBS SportsNCAA tournament takeaways, Day 3: Big Ten reigns supreme, 'Cinderella' Texas and an extra edge for Houston Yahoo SportsMen's March Madness Sunday takeaways: How every second-round game was decided ESPNAn injured star, dominant top seeds and Hall of Fame coaches face off. Here's what to know for Sunday's March Madness action CNN
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Iranian missile strikes injure 115 in Israel, officials say, puncturing air defenses and shocking the public NBC NewsIran attacks near Israeli nuclear site, fires long-range missiles for first time ReutersDozens injured in Israel after Iranian missile strikes target two areas near main nuclear research center PBS
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Middle East crisis live: Iran will completely close strait of Hormuz if Trump acts on infrastructure threats, says IRG The GuardianLive updates: Iran's military says Strait of Hormuz will be ‘completely closed' if US bombs power plants CNNTrump Threat to Target Iranian Power Plants Recalls Operation Desert Storm WSJIran War Live Updates: Tehran Vows to Destroy Key Infrastructure After Trump's Power Plant Threat The New York Times
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High Point vs Arkansas Predictions, 2026 March Madness Odds: Picks for Second-Round Game Action NetworkHigh Point Panthers vs. Arkansas Razorbacks Live Score and Stats - March 21, 2026 Gametracker CBS SportsDarius Acuff Jr. (36 points) leads Arkansas by High Point, into Sweet 16 ESPNArkansas vs High Point live updates: Score, highlights of March Madness Round 2 game USA Today
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Many companies invest in early-career development but neglect retaining institutional knowledge at the other end of the career spectrum
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It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.
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I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:
They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps.
The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.
It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes.
Figuring out how to make the best use of an inheritance
Here is how I generally approach these conversations to help a person make the best use of their inheritance:
Define their relat
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
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"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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As for stocks, the tech-heavy Nasdaq Composite
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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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