3 Reasons You Should Wait To Get Social Security | Smart Change: Personal Finance

(Mark Blank) Should you access Social Security benefits as soon as possible or wait to try to maximize your monthly benefit? Everyone’s situation is slightly different, but there are some really compelling reasons to delay taking advantage of the benefits you’re getting. Let’s look at the top three reasons for delaying receiving your Social Security … Read more

Should I invest in an automated advisor? | Smart Change: Personal Finance

(Javier Simon) Want to jump into the investing world, but aren’t sure about picking out your stocks and managing your own portfolio? An automated advisor can do all of that for you. A robo-advisor is a digital platform that uses computer algorithms to build and manage a diversified portfolio based on your risk tolerance, financial … Read more

Claim Social Security at 62? You may regret it Personal Finance

(Selina Marangian) One day, you’ll likely be among the tens of millions of Americans who collect Social Security (65 million, as of 2021). How much will you collect? Well, the answer to that is different for each of us, and it mostly depends on how much we’ve earned in our working lives – and also … Read more

Earn $300 in Quarterly Retirement Profits in 3 Easy Steps | personal financing

Generating passive income through dividends is especially important these days, as the stock market has had negative returns for the better part of the year now. But perhaps it’s even more important in retirement, when that extra income can come in handy. It can definitely give you some money to spend to supplement retirement accounts … Read more

How Private Equity Can Teach You To Resist Recessions | personal financing

(Caroline Hartley) Private equity (PE) investments are not publicly traded. With money pooled from institutional and individual investors, groups buy private equity in companies they want to fix and reverse — and hopefully make a huge profit. Since this investment category became popular in the 1970s and 1980s, the long-term personal investment approach to investing … Read more

Mega Millions: How the Billion Dollar Prize Works in Reality | personal financing

Taryn Vanoff, Nerd Wallet The Mega Millions jackpot swelled to an estimated $1.02 billion before the next draw on Friday, July 29. A billion dollars is no easy feat, and it has only happened twice before in the history of Mega Millions. If you want a chance to win the jackpot, here’s what you need … Read more

Biden’s strategic backup plans can be complicated for oil markets

font size The United States’ Strategic Petroleum Reserve is 475 million barrels, down from a peak of 726 million barrels in 2009. Brandon Bell / Getty Images About the author: Mark Finlay He is a fellow in global energy and oil at Rice University’s Baker Institute, and a former chief US economist at BP. Biden … Read more

3 times debt can be a useful tool | Smart Change: Personal Finance

Sarah Rathner In some corners of the world of personal financial advice, getting into debt is the worst thing you can do. And yes, some forms of debt—particularly those that charge high interest rates—can keep you locked in a money indebted cycle for years. With that said, there are times when borrowing serves a purpose … Read more

3 times debt can be a useful tool | Smart Change: Personal Finance

Sarah Rathner In some corners of the world of personal financial advice, getting into debt is the worst thing you can do. And yes, some forms of debt—particularly those that charge high interest rates—can keep you locked in a money indebted cycle for years. With that said, there are times when borrowing serves a purpose … Read more

Why is the stock market down today? Dow drops, Walmart tanks, more profits looming

font size Inflation and recession fears have weighed on investors. Ed Jones/AFP via Getty Images The stock market was down on Tuesday after that Walmart He warned that inflation will affect its profits as consumer spending habits change. Soon after opening, a file Dow Jones Industrial Average It fell 67 points, or 0.2%, while Standard … Read more