Here's our latest roundup of recent articles on investing, personal finance, and stewardship. We hope you find them helpful.
Demand for Series I bonds crashes TreasuryDirect ahead of key deadline to secure 9.62% rate (CNBC). With the I-Bond rate set to decline next week, investor demand for current-rate bonds is overwhelming the Treasury Department website.
How the 60/40 portfolio makes a comeback (Nick Maggiulli, Of Dollars And Data). The 60% stocks / 40% bonds portfolio will make a comeback — eventually. There may be more pain before that happens.
The long-term is not where life is lived (Ben Carlson, A Wealth of Common Sense). Bear-market advice: You have to survive the short term to get to the long term.
Americans now say they will need $1.25 million to retire comfortably, survey finds (CNBC). That's a 20% increase over what a similar survey found last year.
Mortgage rates reach 20-year high (National Review). The 30-year fixed rate has topped 7%. A year ago, it averaged 3.14%.
Capital gains tax: Year-end review (Kiplinger). "Because you generally control the timing of a sale of your investment property, you can also decide which year your taxable event falls into (e.g., 2022 or 2023)."
Need to speak to someone at the IRS about your taxes? It's about to get a lot easier, IRS commissioner says (MarketWatch via Morningstar). "We will have more assistors on the phone than any time in recent history." (Hmm. Maybe the tax laws are too complicated.)
Credit-card debt returns to levels before Covid-19 pandemic (Wall Street Journal). Meanwhile, "the personal saving rate as a share of disposable personal income fell to 3.3% in the third quarter, one of the lowest readings going back to the late 1940s."
Guilty pleas in $82 million Ponzi Scheme that targeted Christians (MinistryWatch). Some clients were promised annual returns of 25%.
For money and meaning, retirees embrace tutoring (Kiplinger via Fidelity). “Nothing is more rewarding than children wanting you."
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