The New York Times recently ran a series of charts designed to sum up 2020 economically. They showed how the pandemic has impacted employment, wages, home prices, and more.
But one of the most striking charts about what
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Historically, retirees have sought the safety of bonds for much of their retirement savings. But with bonds yielding so little, what's a retiree (or near-retiree) to do?
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As detailed in our October issue, money-market mutual funds have fallen on hard times. That's a shame.
Here's a quick primer on money funds from The Sound Mind Investing Handbook:
[You can lend your money to] "big time"
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Money-market funds aren’t what they used to be. Not that long ago, they were paying about 2.5%. I should know. Because of that great rate, and in the interest of simplifying our household’s financial life, in the spring of
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Money-market funds are no longer attractive alternatives for your savings. And they're not likely to be good options again any time soon.
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If you're retired, or close to retirement, having plenty of cash on hand allows you to take a bear market in stride. You can calmly wait for your stock-based investments to recover.
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By protecting you during life's short-term financial storms, a well-funded emergency reserve helps ensure your longer-term financial well-being.
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The Federal Reserve cut the Federal Funds rate yesterday by a quarter-point to a range of 1.75%-2.00%. This was the second rate cut in just seven weeks and was a bit controversial, even within the voting members of the
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Being single puts the responsibility of preparing for your later years squarely on your shoulders, especially if you don’t have adult children. So you need to have a plan.
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Some Christian denominations offer savings-type accounts, then use the money from savers to make low-interest loans to denominational churches, seminaries, and missions organizations.
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