It's the season of cooler temperatures, richly colored leaves, and college football!
And, as we head into this autumn weekend, here's our latest Roundup of interesting articles on investing, personal finance, and stewardship.
Markets break when interest rates rise fast: Here are the cracks (Wall Street Journal). Although the economy and the markets may not be a house of cards, many, many things are interconnected.
Comparing the speed of U.S. interest rate hikes (1988-2022) (Visual Capitalist). Among the six rate-hiking cycles over the past 35 years, the current one has the steepest trajectory.
Surging U.S. interest rates squashed bond fund returns again (Morningstar). Most fixed-income funds posted losses in the third quarter, continuing the pattern of a brutal year for bond funds.
This is a Hitchcock horror (Michael Batnick, The Irrelevant Investor). "Stocks and bonds usually don't fall together, especially not for a prolonged period. But that's what's happening today."
Reducing the pain from required retirement withdrawals this year (Wall Street Journal). Taking Required Minimum Distributions during a down market is "frustrating for retirement-account owners who don't want to reduce their balances further and lose out on growth."
Thinking (but not too concerned) about RMDs (Chris Cagle, Retirement Stewardship). A helpful review of the rules governing Required Minimum Distributions.
TreasuryDirect sold more than $27 billion in Series I bonds since Nov. 1. Now it’s getting a makeover (CNBC). This is a "front-end" upgrade. More to come.
Your guide to open enrollment 2023 (Kiplinger). Premiums for employer-based health insurance plans could be up to 8% more expensive next year, but many plans are adding benefits.
Subscriptions renew as consumers cut back (news release, National Research Group). As inflation rises, consumers are looking for ways to cut back. However, relatively few are dropping subscription services such as Netflix, Amazon Prime, and HelloFresh.
Spend the time (Adam Grossman, Humble Dollar). Most people underestimate their household spending, especially for expenses that are discretionary and variable.
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