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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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Sudan drone attack on key hospital killed 64 people during Eid, WHO says BBCA strike on a hospital in Sudan killed at least 64 people, WHO says abcnews.comWHO says attack on Sudan hospital killed 64, including 13 children Al JazeeraStrike on Sudan hospital kills at least 64 and wounds 89 more, WHO reports
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Chappell Roan addresses security guard incident involving Jude Law's 11-year-old daughter: ‘I do not hate my fans' YahooJorginho Claims Chappell Roan Sent Security After 11-Year-Old Daughter, Made Her Cry People.comRio Mayor Bans Chappell Roan From Music Event After Soccer Star Alleges Her Security Upset His Daughter YahooJorginho slams singer Chappell Roan after 'upsetting situation' ESPN
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A strike on a hospital in Sudan killed at least 64 people, WHO says NPRStrike on Sudan hospital kills at least 64 and wounds 89 more, WHO reports The GuardianEl-Daein Teaching Hospital attack: WHO says 64 people dead as army denies RSF claims it was behind the strike BBCWHO says attack on Sudan hospital killed 64, including 13 children Al Jazeera
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What distinguishes those who achieve sustained excellence in the CEO job? In-depth conversations with leaders reveal five common principles they rely on to guide their actions.
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The pressure on Trump to deescalate in the Middle East is building. Markets need to be convinced oil is back below $100 forgood before they can rally concertedly.
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Mortgage activity in the U.S. has contracted for consecutive weeks. In the week ended April 26, the mortgage activity composite index slid 2.3% following a 2.7% fall the week before. Refinancing fell 3.3% while purchase applications dropped 1.7%. Inflation's stubbornness in the first quarter of 2024 has led investors to conclude that the Federal Reserve's first rate cut might not be coming this year. This has buoyed interest rates such as the 30-year fixed-rate mortgage. In the week ended April 26, the 30-year fixed rate rose 5 basis points to 7.29%, its highest since November.
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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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