Don’t let novelty bias derail your retirement investment strategy | personal financing

(Sam Swenson, CFA, CPA) investing in the retirement It is much more behavioral than mechanical. yosuddenlyHumans tend to respond to large, emotionally impactful events. This is the crux of the modernity bias: we have a behavioral tendency to place more importance on the events of the recent past, especially when it comes to investing. Below, … Read more

Getting treatment when cost and access are a barrier | Smart Change: Personal Finance

Sarah Rathner Search race Psychological health Therapy can feel like a marathon when you don’t have the energy or ability to reach the starting line. You may encounter limited and affordable options and a shortage of available therapists. “Before the pandemic, we had an insufficient workforce to meet the mental health demands of the country,” … Read more

3 reasons to sell stocks and 1 big reason not to | Smart Change: Personal Finance

(Mark Clean) In the event you’re a buy-and-hold investor, it is simple to dismiss the difficulty of promoting. In spite of everything, should you make investments effectively, you’ll hopefully promote not often. Nevertheless, it is very important perceive when it is best to promote a inventory, even when the situations are few and much between. … Read more

Traveling retirees check Medicare coverage to avoid costly surprises

Tom Merton | Getty Pictures If you happen to’re a Medicare retiree and really feel the itch to journey, make sure you discover out in case your insurance coverage plan can include you. Whether or not you need to hit the street on a US-based journey or head abroad, protection at your vacation spot is … Read more

Tesla CEO predicts recession: How savers should prepare for retirement | personal financing

(Catherine Brooke) Tesla CEO Elon Musk not too long ago predicted that the US financial system will quickly fall right into a recession. Talking on the Qatar Financial Discussion board, Musk described a recession as “extra probably than others” within the close to time period. Says musk Seems he was proper: How will that have … Read more

These 3 Dividend Funds Are Retirees’ Best Friend | personal financing

When you’ve largely completed working for a dwelling and are actually in search of your personal nest egg to economize in your bills, quite a lot of dividend-paying shares can do the job. Nonetheless, there could also be a less complicated and safer answer: exchange-traded funds (ETFs). Along with the truth that it can provide … Read more

Worrying Social Security will not be enough? Invest in a Roth IRA | Smart Change: Personal Finance

(Christy Pepper) Social Safety advantages will not pay you adequate cash to assist you on their very own. However although you will want extra revenue, retirement advantages from the Social Safety Administration will probably be an necessary supply of assist. That is as a result of these advantages are assured for the remainder of your … Read more

What to expect from this bear market based on history | personal financing

(Mark Clean) This month, the inventory market entered bear market territory for the primary time since March 2020. It doesn’t seem that it’s going to get well as rapidly because the final bear market, which solely lasted two months. Bear markets are outlined as a market decline of at the least 20%, which is just … Read more

3 Social Security misconceptions you can’t afford to be wrong | Smart Change: Personal Finance

(Morri Bachmann) Social Safety has been round for a very long time, and sure facets of this system can change from yr to yr. However Social Safety has numerous primary guidelines which are necessary to know. And shopping for into these misconceptions can depart you with much less cash in retirement. 1. Advantages are quickly … Read more