Ready to start tackling your holiday gift list? Join the shopping frenzy—this year, holiday retail sales are expected to top $1 trillion, according to estimates by Deloitte. “People are feeling pretty good about things, incomes are rising, people have jobs, they’re in the spirit to spend and they’re going to spend,” said Vera Gibbons, a […]
Category: Finance
How to meet your money goals by the end of the year
You may have made a financial resolution for 2017—but did you keep it? Thirty-six percent of Americans made a financial resolution this year, according to Fidelity. The most popular resolutions? Save more, pay off debt and spend less overall. As the year comes to a close, it’s common for our resolutions to fall by the wayside. […]
All the money milestones to hit in every decade of your life
Experts say this is the ideal retirement savings timeline. Planning how much to save for retirement, let alone actually putting away the money, can be overwhelming. Knowing is half the battle, but it can be difficult to wade through all the advice out there and get a clear answer to the question, am I where I […]
Cobalt Mining Pushed Higher, Thanks to Electric and Plug-In Hybrid Vehicles
According to a new report published by CRU Group, cobalt demand is expected to exceed 100kt in 2017 and total demand of cobalt materials are estimated to increase at a CAGR of 11.6 percent over the next ten years. The cobalt market is growing rapidly due to a shift in cobalt demand from metallic products […]
Americans Face a Rising Risk of Dying Alone
Loneliness kills. Life without friends and family is not just dreary but difficult, especially as we get older. Strong social relationships boost a person’s chances of staying alive by 50 percent, according to a comprehensive 2010 review of 148 studies that followed 309,000 people for an average of 7.5 years. That’s about the same improvement to mortality as the […]
Debt-ceiling dilemma: Who gets paid first, U.S. debtholders or Social Security
Treasury Secretary Steven Mnuchin speaks during a news briefing at the White House in Washington. Mnuchin is calling on Congress to combine a $7.9 billion disaster relief package for Hurricane Harvey with a contentious increase in the nation’s debt limit. (AP) The U.S. is up against its debt ceiling, with $19.847 trillion in debt securities […]
What if the ‘retirement crisis’ has been exaggerated?
How real retirees make retirement work Shutterstock – The simple formula for a happy retirement. Every year, there is a new story of the scary “retirement crisis” facing our country. It makes you wonder how real retirees are making retirement work. Have they run out of money, or somehow, are they managing to get by? To […]
Why now is an ‘ideal time’ to buy European stocks — and especially banks
Europe’s Stoxx 600 is 7 percent up since the start of the year, but analysts believe that there’s further room to go. Improved fundamentals and attractive valuations for stocks are seen as key reasons why investors should continue to focus on the continent Stocks in Europe still have room to push higher in the next […]
Gold turns up from seven-week low as U.S. dollar pares gains
NEW YORK/LONDON (Reuters) – Gold on Tuesday rose above a seven-week low as the U.S. dollar came off its highs. Bullion was pressured earlier by strong U.S. economic data that reinforced expectations of another U.S. interest rate increase this year and pushed the dollar and U.S. bond yields higher. (.DXY) Spot gold was up 0.1 […]
‘Age in place’: How self-driving cars will transform retirement
The U.S. is, slowly but surely, inching closer toward seeing the self-driving car on the road. Just Wednesday, the House of Representatives passed the SELF DRIVE Act to expedite the introduction of autonomous cars. Beyond the obvious perks they would bring like fewer accidents, decreased traffic, and more free time, there are vast implications for housing — […]
How to withdraw penalty-free from IRA or 401(k)
Doctor checking a man’s knee | Hero Images/Getty Images Hero Images/Getty Images When unexpected expenses pile up and the emergency fund has been drained, where can you turn for money? For many people their biggest stash of savings is […]
Finally, a Retirement Calculator That Might Help You Retire
Am I on track for retirement? It’s a simple question. But to answer it accurately and make sure you don’t outlive your money, you need powerful data and high-level math. And, even then, a leap of faith. Online retirement calculators usually make just enough assumptions to be dangerous. What if you live 10 years longer than you planned for? What […]