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Two U.S. troops killed, one missing in Iranian missile attack on Jordan AxiosTrump Owes Americans a Better Explanation About Iran The AtlanticUS bombs Iran again as Trump mourns two soldiers killed in Jordan Al JazeeraTwo US service members in Jordan killed in Iranian attack, US says ReutersWhy Jordan Is Becoming a New Focus in the U.S.-Iran War The New York Times
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Live updates: US launches new airstrikes to ‘swiftly punish' Iran for killing American troops CNNU.S. Strikes Leave Iranians Isolated and Scared The New York TimesUS military unleashes retaliatory strikes against Iran after soldiers killed in Jordan The HillThat sinking feeling: Iranians feel the strain as Trump ramps up war again over Hormuz NBC NewsUS military launches new airstrikes to ‘swiftly punish' Iran for deaths of US troops
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Tate Brothers Arrested in Miami As U.K. Authorities File Sex Crime Charges The New York TimesAndrew and Tristan Tate arrested in Miami on charges of rape and sex trafficking The GuardianThe Tate brothers arrested by US Marshals in Miami on UK extradition request over rape and sex trafficking charges CNNUS Marshals arrest 'hypermasculine' social media stars Andrew and Tristan Tate, UK seeks extradition ReutersSocial media influencers Andrew and Tristan Tate arrested in Miami, US Marshals
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Noah Kahan Concert Among Shows Canceled in New York Due to Inclement Weather on Saturday BillboardNoah Kahan Citi Field concert sees changes due to weather PIX11Review: Noah Kahan shows why he's a folk hero for our times in Wrigley Field performance Chicago Sun-TimesFans Left Fuming After Beloved Singer Abruptly Cancels Concert Without Rescheduling parade.com
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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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Can Burnham's casual style survive contact with No 10? BBCBurnham Becomes Labour Leader and Britain's Incoming Prime Minister The New York TimesBritain hopes this man will save its economy. We went to Manchester to find out why CNNThe U.K. Gets Another New Leader on Monday. His First Task: Reassure the Markets. WSJCan Prime Minister Burnham Succeed? The American Prospect
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Stock markets are not only ignoring the obvious threats, but seem imbued with extreme optimism
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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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