Inflation is high and the market is rattled, but the flowers are beautiful. So stop and smell the roses!
Here’s our weekly Roundup of interesting articles on investing, personal finance, and stewardship.
U.S. inflation hit 8.6% in May (Wall Street Journal). It’s the highest rate of increase since the early 1980s.
No, you’re not imagining it — package sizes are shrinking (Associated Press). Manufacturers are quietly shrinking package sizes without lowering prices. It’s called "shrinkflation."
IRS raises mileage rates as gas prices increase (Wall Street Journal). The IRS typically doesn’t change the rates during the year but...
What if this turns out to be a terrible time to retire? (Christine Benz, Morningstar). Steps you can take to help ensure that your nest egg lasts.
Facing the single biggest fear in retirement (Charlie Bilello, Compound Advisers). You can’t change what the markets will do in the future, but you can change the way you think about it.
Analysis of the 2022 Social Security Trustees’ Report (Committee for a Responsible Federal Budget). Social Security is only 13 years from insolvency.
Social Security needs saving again (Rudy Boschwitz, Wall Street Journal). Boschwitz served in the Senate when Social Security was "saved" in 1983. Among his current suggestions: Raise the early-retirement age and change how benefits are indexed for inflation.
Long-term care: Other coverage you might explore (Kiplinger). If you can’t get coverage, or can’t afford it, here are other options.
One-third of Americans making $250,000 live paycheck-to-paycheck, survey finds (Bloomberg via FA–Financial Advisor). Financial health isn’t solely a function of how much a person earns.
Reorder your life around obedient generosity (Eric Most via MoneyWise). Barriers to growing in generosity are easier to overcome if your life is structured toward obedience.
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