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‘Down to the Wire’: Savers Have Just Days to Lock in I Bond Rates Before They Fall
Looking for a way to protect the value of your savings from inflation? Consider I bonds. Experts say the government savings bonds still offer attractive rates for long-term savers, especially if the goal is to beat soaring prices. Right now, I bonds boast a 5.27% interest rate, but that’s set to change on Wednesday based on the latest inflation trends.
With Inflation Lingering, Is It a Good Idea to Sell Your Stock?
Americans continue to be beleaguered by the high cost of living, with prices of everyday items like groceries and gasoline remaining elevated despite the Federal Reserve’s attempts to rein in inflation. The Fed's two-year campaign to cool inflation brought rates down to 3% from 9%, yet in the last six months, its strategy has worn thin and inflation has ticked back up to 3.5%. As consumer prices continue to erode purchasing power, some people now find themselves in a position where they are forced to tap into their investment portfolios and retirement accounts in order to find temporary financial relief.
Why Keeping Your 401(k) After Retiring Could Be a Smart Savings Decision
New retirees face a lot of big decisions that can help or hinder their financial security: Should they downsize? When’s the best time to claim Social Security? And where should they store their retirement savings now that they're finally ready to use them?. Determining where to keep retirement savings...
Americans Are Starting to Feel Optimistic About Retirement Again: Survey
Financial news in recent years might have seemed like a perpetual cycle of doom and gloom, brought on by surging inflation and the cost-of-living crisis accompanying it. But now, Americans are starting to regain confidence in their prospects for the future. Results from a new retirement survey indicates that a...
5 Tips to Help You Save Money on Soaring Car Repair Costs
The cost of car repairs has always been a headache for drivers, especially because it’s often a surprise expense. To make matters worse, prices are soaring. The latest government inflation data shows that motor vehicle repair prices are up 11.6% in the past year, which is one of the highest inflation rates for any spending category. (Another auto expense, car insurance, has experienced the very highest rate of inflation lately.) Given this trend, it's increasingly important to make sure you get a fair price when your car needs to be fixed.
Are IPOs Good Investments? What to Learn From Reddit and Trump Stock Flops
IPOs tend to receive considerable media attention, which often results in novice investors believing they present the market's next golden opportunity. And with the number of IPOs (initial public offerings) slated for 2024 indicative of a revival, they're once again in the spotlight. But the actual value IPOs offer is often misunderstood, which has been underscored by the recent flops of Reddit and Trump Media & Technology Group.
How to Prequalify for a Personal Loan
Prequalification for a personal loan allows you to compare rates across various lenders without harming your credit score. Through a soft credit check, you can view your estimated loan rate and repayment terms. This information helps you narrow down your options before officially applying for a personal loan, which involves a hard credit check.
Airlines Must Give Cash Refunds for Canceled Flights Under New Rule
Make your vacation plans with confidence: Airline passengers will now be entitled to automatic refunds if their flights are canceled or significantly delayed. The Biden administration announced Wednesday that airlines must provide cash refunds to your credit card within seven days, and customers won’t have to call their airlines or complete paperwork to get their money back.
Burglary vs. Robbery: What's the Difference and How Can You Prevent Them?
The terms burglary and robbery are sometimes used interchangeably, but they’re actually two different things. Burglary involves an offender illegally entering a structure (such as your home or a business) to commit a crime. On the other hand, robbery involves an offender using force or threats to take something from someone else, but it doesn’t necessarily involve the offender entering a structure. Robbery also often involves harm or threats of violence to an individual, while burglary may not always.
These Major Retailers Are Cutting Prices to Lure Inflation-Weary Buyers Back
With inflation moderating, some U.S. retailers are beginning to lower their prices to lure back shoppers previously turned off by big price tags. Nearly three years of dealing with elevated inflation led Americans to broadly change their shopping habits: They started opting for private-label products, switching to cheaper retailers or cutting out certain non-essential purchases entirely. Retailers want those shoppers back, and major brands such as Walmart, Whole Foods, Ikea and others are willing to slash prices across several categories to win them over.
The Dow Is About to Cross 40,000 for the First Time Ever
All eyes are on Wall Street — or, at least, Peter Tuchman — as the Dow Jones Industrial Average approaches a major milestone. On Monday, the Dow closed at 38,239.98, meaning it's now under 2,000 points away from notching 40,000 points for the first time. The stock market index tracks the performance of 30 of the nation’s top companies, so its performance is closely watched and widely used as a barometer of the U.S. economy.
Many Homeowners Couldn't Afford Their Current House at Today's Prices
At this point, it's common knowledge that many Americans are having difficulties affording new houses. In fact, the housing market has become so challenging that even existing homeowners can sympathize, as many say they wouldn't be able to afford their own home if they had to buy it today. In...
How to Stop Porch Pirates
Unfortunately, your online orders are at risk of theft once they reach your doorstep. In fact, 119 million package thefts occurred in the U.S. last year, according to the Package Theft Statistics report from Capital One Shopping. That means about one out of every 200 package deliveries are stolen. If...
The Surprising Way Inflation Can Be Good for People With Debt
Consumers generally understand how inflation is bad for them: Everything costs more, and cash and savings lose value. But most people aren't aware that inflation can actually be a good thing in certain circumstances — namely, if you’re in debt. The real value of debt decreases when inflation...
Eyeing Bigger Gains, Investors Shift from Consumer Staples to Cyclical Stocks
Since the New York Stock Exchange's inception in 1792, the market has experienced a never-ending cycle of booms and busts. And despite the S&P 500's recent sell-off, it appears that the cycle is once again firmly in bullish territory. The most obvious evidence of this comes as investors have begun dumping consumer staples stocks in favor of cyclical stocks.
How to Recruit Tech Professionals
*Content includes branded mentions of our sponsor ZipRecruiter. The demand for skilled tech professionals continues to increase due to a rapidly evolving digital landscape. This makes the recruitment process more competitive than ever. To help you hire a tech professional, we’ve teamed up with ZipRecruiter, one of the largest and...
When to Hire in Your Small Business
*Content includes branded mentions of our sponsor ZipRecruiter. As your small business grows, so does the work required to keep it running. If you find yourself struggling to complete everything on your own, then it may be time to seek help using an employment marketplace like ZipRecruiter. This marketplace provides employers with daily access to over three million job seekers. With just one click, the platform sends your job to a network of 100+ sites.
How to Hire Your First Employee
*Content includes branded mentions of our sponsor ZipRecruiter. Hiring a first employee is a key step for any entrepreneur looking to achieve greater success. However, finding the right candidate requires careful thought and planning. To start, you must consider your business needs and budget. Then, you have to navigate legal...
6 Best Remote Job Search Engines for Employers
*Content includes branded mentions of our sponsor ZipRecruiter. The best job boards for remote work offer access to an extensive pool of candidates and advanced tools to facilitate recruitment. Some even provide curated lists of professionals for specific roles. Read on to learn more about our picks for the best...
Gold Isn't the Only Precious Metal Soaring in Price Lately
There’s been a lot of focus on gold lately as prices continue to set record highs in 2024. But gold isn’t the only commodity soaring in price. Due to events that have impacted global and domestic supply and demand, a handful of other metals are also increasing in value and challenging all-time highs of their own.
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