Here is SMI's Money Roundup for a late Summer day (yep, it's still Summer). Enjoy!
US yield curve disinverts as soft labor data fuels Fed cut bets (Bloomberg via Yahoo). "Job growth has been slowing, unemployment is rising and job seekers are having greater difficulty finding work, fueling fears about a potential recession."
Three types of 'facts' that can lead you astray (Sam Ro, TKer). The news media often report financial statistics without necessary context.
U.S. Treasuries not the safe bet they once were, research says (Reuters). "Large-scale asset purchases by central banks in response to a large government spending increase have undesirable public finance implications." Seems like a reasonable conclusion.
The crushing financial burden of aging at home (Wall Street Journal). "Americans want to grow old in their own homes. But pursuing that dream...is putting huge financial and emotional strains on families."
IRS back taxes scam call steals millions (Kiplinger). Scammers want to fool you into believing the IRS is calling.
You aren't as sick as the government claims (Charles Silver and David Hyman, Wall Street Journal). The authors propose an idea: Instead of paying providers, Medicare should deposit each enrollee's subsidy into a health savings account. Seniors could then decide for themselves what they need and how much they are willing to pay.
8 amazing benefits of sinking funds (Art Rainer via FaithFi). "Sinking funds" are savings set aside for specific future expenses.
Are you committing insurance fraud? (Karl Susman, Kiplinger). "Do not go on [the path of the wicked]; turn away from it and pass on" (Proverbs 4:15).
The debt-free four-year degree (Rob Jenkins, The James G. Martin Center for Academic Renewal). "Students willing to work and make tough choices can still get a cheap education in this country."
And since today is National 401(k) Day, here's an appropriate piece from our newsletter archives:
9 Steps to Make the Most of Your 401(k) (SMI). "Defined-contribution workplace plans...provide compelling benefits, [including] the opportunity to save a significant portion of one's income in a tax-advantaged way."
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