I’m retiring with $2 million and won’t leave an inheritance. Should I follow the 4% rule?
The various retirement forums on Reddit are so full of people bragging about their money to a bunch of strangers that I’m never sure who to take seriously. But this post caught my eye because it raised so many intriguing questions: “I plan to retire at 65, and should have about $2 million in retirement […]
Apartment rents on verge of declining due to massive supply
Apartment rents have been cooling off sharply for several months, and they look like they’re about to go negative compared with a year ago. Rents in August were just 0.28% higher than August 2022, according to real estate tech platform RealPage. Compare that to a year ago, when rents were posting 11% annual growth. With […]
My wife and I have $2.5 million. We’re in our 40s. Can we retire to Latin America?
I grew up poor and in an unstable environment as a result of my parents’ serial divorces. I started saving at 16 as a direct result of the financial instability of my youth, and my wife and I have been able to build what most of the world would describe as a small fortune through […]
How much shrink and retail theft cost Lowe’s, Target, Macy’s
A range of retailers are again blaming shrink as one of the reasons they saw another quarter of lackluster profits. But some of those companies have started to offer more detail than ever on how much shrink, or items lost to factors like external or employee theft, damage or vendor fraud, is cutting into their […]
How much shrink and retail theft cost Lowe’s, Target, Macy’s
A range of retailers are again blaming shrink as one of the reasons they saw another quarter of lackluster profits. But some of those companies have started to offer more detail than ever on how much shrink, or items lost to factors like external or employee theft, damage or vendor fraud, is cutting into their […]
Supreme Court asked to decide abortion pill case
Mifepristone, also known as RU-486, is a medication typically used in combination with misoprostol to bring about a medical abortion during pregnancy and manage early miscarriage. Soumyabrata Roy | Nurphoto | Getty Images Drug company Danco Laboratories on Friday asked the Supreme Court to review the case challenging the legality of the abortion pill mifepristone. […]
Supreme Court asked to decide abortion pill case
Mifepristone, also known as RU-486, is a medication typically used in combination with misoprostol to bring about a medical abortion during pregnancy and manage early miscarriage. Soumyabrata Roy | Nurphoto | Getty Images Drug company Danco Laboratories on Friday asked the Supreme Court to review the case challenging the legality of the abortion pill mifepristone. […]
10-year Treasury yield seen falling as Fed is likely to cut rates more than expected in 2024, says Capital Economics
The yield on the U.S. 10-year Treasury note, which stands near a 16-year high, is likely to fall significantly for the rest of the year and in 2024, according to economists at Capital Economics. Rising treasury yields have recently put pressure on U.S. stocks, as investors expect interest rates to stay elevated for longer. The […]
Stellantis offers 14.5% pay raise to UAW, days before possible strike
Demonstrators during a United Auto Workers (UAW) practice picket outside the Stellantis Mack Assembly Plant in Detroit, Michigan, US, on Wednesday, Aug. 23, 2023. Jeff Kowalsky | Bloomberg | Getty Images Stellantis on Friday offered significant four-year wage increases to its hourly workers represented by the United Auto Workers, as it scrambles to avoid a […]
You should always max out your 401(k) contribution, right? Not if taxes go up.
“ Some pre-retirees can come out ahead by buying more equities in their taxable brokerage account. ” Some money management truths are self-evident: Always set aside enough cash for emergencies. Diversify your portfolio. And maximize your contributions to tax-advantaged accounts such as a 401(k) or IRA. That last one is open to debate. Even if […]
