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Think large caps are still the best bet? The data say you are looking in the wrong place.
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Mike Lindell Not Registered to Vote in Minnesota, Where He is Running for Governor The New York TimesMike Lindell, Trump's pick for governor, isn't registered to vote in Minnesota Star TribuneCould Trump's endorsement of Mike Lindell hurt Minnesota GOP's election chances? CBS NewsDonald Trump endorses ‘Pillow Man' Mike Lindell for Minnesota governor AP News
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Trump Media pitched $100,000 monthly fee for fastest feed of U.S. president's posts, sources say CNBCPaying for early access to Trump's Truth Social could raise big money and major ethical issues AP NewsWall Street traders can soon pay for early looks at Truth Social posts The HillTrump Media to sell fast feed of 'market-moving' posts to Wall Str
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Tom Segura's estranged wife, Christina Pazsitzky, breaks silence on their ‘really difficult' split Page SixTom Segura and Christina P. Separate After 18 Years of Marriage TMZComedians Tom Segura and Christina Pazsitzky Split After 18 Years of Marriage People.comNetflix Comedian Couple Splits After 18 Years of Marriage The Daily BeastTom Segura and Chr
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Researchers charged with studying AI's risks are spending their own money to counter the political influence of one of their company's co-founders.
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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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