Wednesday, August 10, 2022
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Top Federal Reserve officials say they misread inflation and now plan to correct the course

Top officials at the Federal Reserve were seeing inflation data come in very hot for months before policymakers moved to wind down monetary policies that were stimulating the economy.A chorus of analysts, economists and former policymakers have chimed in, saying that was a mistake."The forward guidance, overall, slowed the

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The S&P 500 just had its worst first half in more than 50 years, which ‘stressed’ this classic investment strategy

Stock trader on the floor of the New York Stock Exchange.Spencer Platt | Getty Images News | Getty ImagesThe S&P 500 Index, a barometer of U.S. stocks, just had its worst first half of the year going back over 50 years.The index fell 20.6% in the past six months,

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This common money move costs retirement savers $45.5 billion in investment fees, earnings over 25 years

andresr | E+ | Getty ImagesIRA rollovers are common for job switchers, retireesInvestors rolled $516.7 billion from workplace plans into traditional IRAs in 2018, the latest year for which data is available. That's nearly 28 times more money than as contributed to traditional IRAs that year.A Pew survey from

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Job loss is a ‘reality’ of the business cycle, says labor expert. Take these 6 key steps after a layoff

Halfpoint Images | Moment | Getty Images1. Take a financial inventoryAmong the first things to do if you lose your job is take stock of financial resources at your disposal, according to financial advisors.Those may include other streams of income such as a partner's salary, as well as emergency

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30% of LGBTQ+ adults have experienced discrimination or exclusion from financial services, study finds

Rainbow flags celebrate Pride Month in New York.Lev Radin | Pacific Press | LightRocket | Getty ImagesMembers of the LGBTQIA+ community are still struggling, in some instances, to access financial services that would help them manage their money.Some 30% of LGBTQIA+ adults have experienced bias, discrimination or exclusion in

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Inflation and rising interest rates have stressed the 60/40 investment portfolio strategy — ‘but it’s not dead,’ says financial advisor

How a 60/40 portfolio strategy worksThe strategy allocates 60% to stocks and 40% to bonds — a traditional portfolio that carries a moderate level of risk.More generally, "60/40" is a shorthand for the broader theme of investment diversification. The thinking is: When stocks (the growth engine of a portfolio)

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Women prefer values-based investing. Here’s what that might mean for their wealth

Mint Images | Mint Images Rf | Getty ImagesWomen prefer investing in a way that helps the environment and does social good, some studies have found. Such values-based investing could help raise women's general enthusiasm for investing and boost long-term wealth, according to financial experts.  About 52% of women

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Amid record inflation, 36% of employees earning $100,000 or more say they are living paycheck to paycheck

South_agency | E+ | Getty ImagesMore than a third of high-earning American workers feel strapped for cash — a share that has risen dramatically in recent years.Thirty-six percent of U.S. employees with salaries of $100,000 or more are living paycheck to paycheck — twice as many who said they

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401(k) savers will see a ‘wake-up call’ in their next statement, says law professor. Here’s what to look for

Blackcat | E+ | Getty ImagesYou may get a nasty surprise when you open your next 401(k) statement.These statements generally arrive each quarter, either online or by mail. They provide basic information to savers about their investments and the size of their nest egg, for example.Starting in a few

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Annuity sales rise, buoyed by market fears and higher interest rates. What to know before you buy

Svetikd | E+ | Getty ImagesAnnuities are on track for a banner year as consumers flee stock volatility and insurers offer more attractive rates.Limra, an insurance industry group, forecasts annuity sales of $267 billion to $288 billion in 2022, eclipsing the record ($265 billion) set in 2008. Consumers pumped

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