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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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Spiking gas prices tied to Iran war are set to eat up tax refunds touted by Trump AP NewsHigher gasoline prices this year could wipe out tax refunds from Trump's One Big Beautiful Bill Act FortuneYour tax refund is likely bigger this year. But Trump's war with Iran could take a bite out of it CNNWith Iran War, Trump Risks Stepping on Gains From His Own Tax Cuts The New York TimesYour tax refund could be smaller than expect
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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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15 injured, one seriously, as Iranian cluster munitions impact in central Israel The Times of IsraelDid Israel miscalculate Iranian military capabilities? Al JazeeraIran attacks near Israeli nuclear site, fires long-range missiles for first time Reuters
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Trump says he will deploy ICE to airports as TSA shortages drive delays The Washington PostICE to Help TSA at Airports Amid Partial Shutdown, Trump's Border Czar Says The New York TimesHoman: ICE officers will not assist with airport security operations amid TSA staffing shortage The HillTrump says he will order federal immigration officers to help with airport security unless Democrats end shutdown PBS
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A Meteor Exploded Over Ohio. Then the Hunt for Meteorites Began. The New York TimesInside the tedious search for meteorites in northern Ohio Cleveland.comAstro Bob: Boom! Hunters recover first meteorites from St. Patrick's Day fireball Duluth News Tribune7-ton asteroid lights up Northeast Ohio skies, fragments above Medina County Cleveland 19 News
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Iran Threatens to Hit Key Infrastructure After Trump's Ultimatum Bloomberg.comLive updates: Iran threatens US infrastructure after Trump threatens to ‘obliterate' Iran's power plants CNNIran unswayed by Trump's 48-hour deadline and threats to 'obliterate' energy infrastructure NBC NewsIran War Live Updates: Trump Threatens to Hit Power Plants Unless Strait Is Reopened, as Tehran Remains Defiant The New York TimesIran warns it will hit US, Israeli infrastructure if its energy sites are attacked ????? ???
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Trump threatens to ‘obliterate' Iran's power plants as Iran strikes 2 Israeli cities NPRLive updates: Iran vows to ‘irreversibly' destroy infrastructure after Trump's ultimatum on Strait of Hormuz CNNIran War Live Updates: Tehran Is Defiant After Trump Threatens Power Plants The New York TimesTrump and Iran step up threats over energy targets as war escalates ReutersIran says it will ‘irreversibly destroy' Middl
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China touts itself as ‘harbour of stability' to global CEOs Financial TimesChina vows to continue opening its economy amid trade tensions with U.S. CNBCChina's Premier Vows to Back Balanced Trade as Exports Surge Bloomberg.comPremier Li Qiang calls for global pledge to open up amid ‘power politics' South China Morning Post
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The 94-year-old still has time to defend his belief that the wealthy have an obligation to make society better.
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Supreme Court to consider deadlines for late-arriving mail ballots, as Trump continues attacks CBS NewsThe Supreme Court Could Make It Harder to Vote by Mail in the Midterms The New York TimesTrump's efforts to curb mail-in voting come to the Supreme Court as they falter in Congress CNNTrump push on mail-in ballots hits Supreme Court. What it means for the midterms USA Today
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Aftermath of Iranian missile strikes near Israel's nuclear facility Al JazeeraKatz says Israel will send Iran back decades if it keeps hitting cities The Times of IsraelIran attacks near Israeli nuclear site, fires long-range missiles for first time ReutersIranian Missile Attacks on Israel Intensify, Leaving Dozens Hurt Bloomberg.com
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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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