Personal finance

I’m 65 and want to retire in 6 months. I have a $125K annuity, plus $100K of money that I’m not sure what to do with. Should I get professional help?

I’m 65 and want to retire in 6 months. I have a $125K annuity, plus $100K of money that I’m not sure what to do with. Should I get professional help?

Is a financial planner right for you? Getty Images/iStockphoto Question: I had $225,000 in my 401(k) and then I rolled over $125,000 to an annuity at 7%, as I wanted income. I just turned 65 and want to retire in six months, but I don’t know what to do with the other $100,000. What should …

I’m 65 and want to retire in 6 months. I have a $125K annuity, plus $100K of money that I’m not sure what to do with. Should I get professional help? Read More »

US retail sales were flat in July as inflation takes a toll

US retail sales were flat in July as inflation takes a toll

WASHINGTON — The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously. Retail purchases were flat after having risen 0.8% in June, the Commerce Department reported Wednesday. Economists had expected a slight increase in July retail sales. Still, Wednesday’s …

US retail sales were flat in July as inflation takes a toll Read More »

Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.

Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.

Warren Buffett’s Berkshire Hathaway Inc. added to nine stock holdings during the second quarter, reduced holdings of four and sold two outright. That’s according to Berkshire Hathaway’s BRK.B, +1.22% most recent 13F filing with the Securities and Exchange Commission. The company held 45 stocks with a combined market value of $330.1 billion as of June …

Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence. Read More »

What's the best way to invest in tech stocks right now? This strategy is working well for one fund manager.

What’s the best way to invest in tech stocks right now? This strategy is working well for one fund manager.

Technology stocks have been rallying for weeks. But there are plenty of arguments that we’re in the midst of a bear-market rally and that more volatility lies ahead, especially for the rapidly growing, but not necessarily profitable, technology stocks that performed so well during the previous bull market through late 2021. Robert Stimpson, chief investment …

What’s the best way to invest in tech stocks right now? This strategy is working well for one fund manager. Read More »

‘I fear that between the two of us, that's not enough.’ We want to quit working in 10 years, but only have about $175K saved. Do we need professional help?

‘I fear that between the two of us, that’s not enough.’ We want to quit working in 10 years, but only have about $175K saved. Do we need professional help?

Some things to consider if you’re thinking about hiring a financial adviser. Getty Images/iStockphoto Question: I’m 54 years old and have an IRA account with $27,000 in it, but it’s been decreasing over the years even though I contribute $100 per month. I have the funds allocated between mid-cap value funds, core-plus bond funds, investment …

‘I fear that between the two of us, that’s not enough.’ We want to quit working in 10 years, but only have about $175K saved. Do we need professional help? Read More »

If you really want to be rich, you need to do this, says Mark Cuban

If you really want to be rich, you need to do this, says Mark Cuban

Slaven Vlasic/Getty Images for Advertising Week New York Uncredited Recently, we came across a simple piece of money advice from billionaire entrepreneur Mark Cuban on his Maverick blog that we felt resonated in today’s money-stressed world. Cuban answers the question “so what should you do to get rich?” with this point first and foremost: “Save …

If you really want to be rich, you need to do this, says Mark Cuban Read More »

Investors are piling into annuities this year to protect from market losses. What to know

Investors are piling into annuities this year to protect from market losses. What to know

Annuities have previously gotten a bad rap as coming with too many fees and being overly complicated. But this year, they’ve hit their stride. Annuity sales surged 22% to a record $77.5 billion in the second quarter of 2022, according to preliminary data by Limra. It’s the most money investors have poured into the assets …

Investors are piling into annuities this year to protect from market losses. What to know Read More »

Inflation surge cools in July. Should you still play defense with your portfolio?

Inflation surge cools in July. Should you still play defense with your portfolio?

The latest surge in stocks helped lift the Nasdaq Composite COMP, +2.09% out of bear-market territory on Wednesday and the Dow Jones Industrial Average DJIA, +1.27% to exit correction territory. But the sharp upswing also prompted debate about if investors should adjust their portfolios, pivoting away from defense plays. For the past month, growth stocks …

Inflation surge cools in July. Should you still play defense with your portfolio? Read More »

The top 10 cities desperate homebuyers are eyeing in search of cheaper housing

The top 10 cities desperate homebuyers are eyeing in search of cheaper housing

New user data from Redfin reveals that a record share of users were looking to move from one city to another in July, many in search of cheaper housing. Home prices and mortgage rates have gone up so much that people are now increasingly looking to move to more affordable areas, according to a new …

The top 10 cities desperate homebuyers are eyeing in search of cheaper housing Read More »

26% of job switchers regret joining the Great Resignation, survey finds: 'They’ve sobered up'

26% of job switchers regret joining the Great Resignation, survey finds: ‘They’ve sobered up’

Despite some indications of an economic slowdown, the job market remains remarkably stable, and many workers have reaped the benefits. In fact, a record number of employees quit their jobs, found new positions and renegotiated along the way. But not everyone who joined the so-called Great Reshuffle is better off. More than a quarter — …

26% of job switchers regret joining the Great Resignation, survey finds: ‘They’ve sobered up’ Read More »