pairing? How do you know when it’s time to combine your money

Spanish | E + | Getty Images Money may not be your top priority if you’re in love, but it does deserve some serious attention if you want a lasting relationship. A partnership that pools resources and shares expenses can be very good for the relationship and for each other’s financial well-being. However, different spending … Read more

4 Strategies To Try If You Need Extra Money From Your Investments | Smart Change: Personal Finance

(Sam Swenson, CFA, CPA) When it comes to success long term investmentIt’s good to focus on it full back: Combine price hikes and dividends. However, there are times when you might consider optimizing your cash flow instead. If you have upcoming liabilities that cannot be covered by your job income alone — such as an … Read more

The surprising truth about the future of Social Security | Smart Change: Personal Finance

(Selina Marangian) Here are some scary headlines you may have come across that give the impression that Social Security is on the way to becoming a thing of the past: “Social Security is expected to be insolvent a year earlier than previously expected” (New York times, 2021) “Why is Social Security running out of money?” … Read more

How to save money with food inflation rising more than 11% a year

Going to the grocery store wouldn’t be cheaper. Rising food costs helped pay off Inflation rose again last monthdespite the decline gas prices. The food index alone is up 11.4% over the past year, according to another Consumer Price Index The numbers – the biggest jump in 12 months since May 1979. The Food at … Read more

Even after the market crashes, investors are still making two implausible assumptions about the next six months, this economist says

This is not the first time that inflation numbers have surprised the market. The bad news was the S&P 500 SPX It saw the biggest one-day drop in two years, dropping 4.2%. The good news is if you check your 401(k) it will only go back to last week’s levels, futures are holding in the … Read more

Plan to rewrite your retirement strategy over time | Smart Change: Personal Finance

(Adam Levy) If you wrote a financial plan when you were 18, would you expect it to fit right into your life when you were 40? Mostly not. Your life at age 40 is likely to look very different than what you imagined at age 18. Moreover, it is very likely that the financial markets … Read more

Better Buy: Tesla Stock or Nasdaq Fund? | Smart Change: Personal Finance

(Mark Blank) after, after Tesla‘s (NASDAQ: TSLA) A recent 3-for-1 stock split, you might be wondering if now is the perfect time to buy Elon Musk’s dynamic electric vehicle (EV). The split was not beneficial to the stock; Its price has fallen by almost 10% since its entry into force. But this drop likely has … Read more

How to Retire with $1.2 Million on a $58,000 Salary | Smart Change: Personal Finance

(Mark Blank) The average annual salary in the United States, according to the Bureau of Labor Statistics, is $58,260. While this number has been steadily increasing over recent years, depending on where in the country you live, this number may seem very low. So, can you really retire comfortably if you’re a middle-income earner? The … Read more

A new approach to financial planning

Financial planning, as a Relatively new profession, has experienced a rapid pace of development. Initially, it began as an aggregation of previously separated financial industry services – brokerage, banking, and insurance – but took a major leap forward with the first class of Certified Financial Planner™ (CFP®) They graduated in 1973. Completion of this five-course … Read more

Is a brutal Social Security increase on the way? not necessarily | Smart Change: Personal Finance

(Keith Spetses) Big, gigantic, huge, massive. Pick one of these adjectives, and you’ve probably seen it used to describe the upcoming Social Security Cost of Living (COLA) adjustment. Some expected an increase of about 11%. If that happens, it will be the third highest rate of cola in history. Is a massive Social Security increase … Read more