
Articles
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1 week ago |
money.com | Martha C. White |Julia Glum
Funding that Social Security relies on to pay benefits will run out one year earlier than previously projected, according to a new report published Wednesday. In its annual update, the Social Security Board of Trustees said the reserves in two trust funds tapped to supplement a shortfall in revenue will now be depleted in 2034, up from an estimate of 2035 last year.
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1 week ago |
money.com | Martha C. White |Katherine Peach
President Donald Trump hasn’t pulled any punches when it comes to criticizing Federal Reserve Chair Jerome Powell about interest rates. Recent days have been no exception, as better-than-expected employment and inflation data gave Trump fresh fodder to lambast Powell for the central bank’s stance on interest rates. Trump took to social media after inflation data for May, published last week, showed that overall inflation was running at 2.4% on an annual basis. “Fed should lower one full point.
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1 week ago |
share.google | Martha C. White
Shelby French of Lexington, Ky., is a lifelong saver who thought she was financiallywell-prepared for retirement. What she wasn’t counting on were market gyrations that sent her investments plunging by $60,000 over a three-day period this spring. “I have my portfolio set to moderate risk; we haven’t changed a ton in the past few years,” she said — but the prospect of more market volatility has prompted her to rethink that approach.
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2 weeks ago |
money.com | Paul Reynolds |Martha C. White
Dash-mounted cameras aren’t only useful to police on patrol or social-media users who put terrible drivers on blast. These devices are worthy accessories for your own car, too. By continuously recording video as you drive – and while you’re parked, with some models – these devices (literally) look out for you in ways that can spare you hassle and save you money.
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3 weeks ago |
money.com | Martha C. White |Julia Glum
Stock market gains fueled by big bets on tech and the future of AI have turned more retirement savers into millionaires, and rich American investors are raking it in faster than their counterparts around the globe, according to two new studies. A new retirement report from Fidelity Investments finds that in the first three months of 2025, there were 512,000 401(k) millionaires, with an average account balance of $1.6 million.
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