personal financing

Annuity sales hit a record last year, surpassing sales during the 2008 financial crisis amid concerns and higher rates

Annuity sales hit a record last year, surpassing sales during the 2008 financial crisis amid concerns and higher rates

Tim Pepper | optical disc | Getty Images Amid stock market volatility, recession fears and higher payments, consumers poured a record amount of money last year into annuities, a type of insurance that provides a guaranteed income stream. Buyers moved $310.6 billion into annuities in 2022, according to estimates published by Limra, an insurance industry …

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Survey: Almost a third experienced financial infidelity

Survey: Almost a third experienced financial infidelity

An early January survey by US News found that 31.9% of respondents had experienced financial infidelity. This represents an increase of two percentage points compared to last year Jan survey About financial betrayal. Financial infidelity occurs when a partner hides or lies about a money-related decision. This could include, for example, one of the partners …

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Editorial: Uncertainty in the markets is stressful.  Make these moves to be ready for whatever 2023 brings

Editorial: Uncertainty in the markets is stressful. Make these moves to be ready for whatever 2023 brings

Hilary Cladky | moment | Getty Images Before looking forward to 2023, we should take a moment to think about 2022. The following quote from Jason Zweig of The Wall Street Journal sums up this very difficult year for investors: “Investing is not a test of intelligence; it is a test of character.” In fact, …

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With state-run retirement programs becoming more popular, participants are expected to get $1 billion in savings this year

With state-run retirement programs becoming more popular, participants are expected to get $1 billion in savings this year

Storty | E + | Getty Images Whether you have access to a retirement plan through work increasingly depends, at least in part, on where you live. Over the past decade, 16 state legislatures have adopted retirement savings programs that target workers whose employers do not offer a 401(k) plan or a similar option. Some …

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Our little house is awkward, our kids say: My husband and I make $160,000, have $1 million in retirement savings, cook at home and drive an old Honda.  Are we missing out?

Our little house is awkward, our kids say: My husband and I make $160,000, have $1 million in retirement savings, cook at home and drive an old Honda. Are we missing out?

I am a very lucky person with a very happy life, the annual family income of $160,000 is high compared to the rest of the world. However, we’re still pretty frugal—we cook at home, drive old Hondas and do home repairs ourselves where possible. We put about 20% of our income into retirement and college …

Our little house is awkward, our kids say: My husband and I make $160,000, have $1 million in retirement savings, cook at home and drive an old Honda. Are we missing out? Read More »

A 'lame duck' congressional session leaves 'unfinished business' on issues that address Americans' daily financial needs

A ‘lame duck’ congressional session leaves ‘unfinished business’ on issues that address Americans’ daily financial needs

Parents and children take part in a demonstration organized by ParentsTogether Foundation in support of the Children’s Tax Credit portion of the Build Back Better bill outside the US Capitol on December 13, 2021. Sarah Silbiger | bloomberg | Getty Images Washington lawmakers are scrambling to get as much work done as possible before the …

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Should you charge more for services such as your energy bill than a Netflix subscription?  This is where the software is headed.

Should you charge more for services such as your energy bill than a Netflix subscription? This is where the software is headed.

The revolution that started with a snowflake has turned into an avalanche, and it could lead to a change in the way Americans pay for their services. The software industry has helped achieve the “subscription economy,” where companies pay for services delivered through the cloud on a monthly basis rather than buying packaged software just …

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Here's the inflation breakdown for November 2022 - in one chart

Here’s the inflation breakdown for November 2022 – in one chart

Shoppers in Troy, Michigan on November 25, 2022. Matthew Hatcher/Bloomberg via Getty Images Inflation was less than expected in November amid a broad-based slowdown in consumer prices, which rose at their fastest rate in decades. The US Bureau of Labor Statistics said Tuesday that the consumer price index, a key measure of inflation, jumped 7.1% …

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The Federal Reserve is about to raise interest rates for the last time this year.  Here's how it might affect you

The Federal Reserve is about to raise interest rates for the last time this year. Here’s how it might affect you

On Wednesday, the Federal Reserve is expected to raise interest rates for the seventh time this year to combat stubborn inflation. The US central bank is likely to agree to an increase of 0.5 percentage point, which is a more typical pace compared to the ultra-high 75 basis point moves at each of the past …

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