Americans Are Talking Themselves Into a Recession

Long-held economic theory says that just the expectation that inflation will accelerate will cause actual inflation to accelerate. The thinking here is that if consumers expect prices for goods and services to rapidly increase in the near future, they will buy earlier, faster and in bulk, which causes those prices to rise faster than they would otherwise. Makes sense, but …

Start Investing Early and Stick With It, Especially When Stocks Fall

I wouldn’t wish this bear market on anyone. A lot of people have been losing a lot of money — not just billionaires, but ordinary working people who have been salting away savings for years. It will be even worse for those who lose their jobs in a recession, which could easily happen as the Federal Reserve tries to wring …

Preparing For Life’s Milestones

Reaching the end of your career by retirement or having a liquidity event, creates the most important financial intersection of your life. The steps you take prior to this major milestone and the plan you create can drastically improve the outcome for the rest of your life and generations to come. We believe there are a few key steps everyone …

How to Protect Your Budget From Summer Travel Chaos

Taking a vacation will be expensive this summer, but if you’re planning a last-minute trip there are tips for keeping costs down. Travelers wait to check in for their flights at Los Angeles International Airport in Los Angeles, California, on July 1.Photographer: Bing Guan/Bloomberg It’s a tough time to travel. So far, it’s been a summer of chaos as flight cancellations multiply …

Pay Down Your Credit Card Balances, and Other Tips for a Slowing Economy

With interest rates rising along with worries about an economic slowdown, now is a good time to pay down credit card balances and bolster emergency savings, financial experts say. iStock-862553264.jpg The Federal Reserve raised its key interest rate by an aggressive three-quarters of a percentage point in June, and it is expected to continue increasing rates until it gets inflation …

Should My Investing Strategy Change During A Bear Market

With stocks dropping further each day, even the savviest investors are wringing their hands over their investing strategies. And who can blame them? During a bear market, anxiety can quickly pressure you to reconsider your investments and your long-term goals. What’s the right move? As it turns out, there are a number of proven ways to navigate a rough financial …

Long, Moderate and Painful: What Next US Recession May Look Like

US lacks buildup of leverage that preceded past deep downturns But Fed may not ride to rescue, given its inflation mission Recessions, like unhappy families, are each painful in their own way. And the next one — which economists see as increasingly possible by the end of next year — will probably bear that out. A US downturn may well …

How to Start Investing, Even in a Bear Market

The party in the financial markets is long over. Chatter about hot stocks and fabulous opportunities in cryptocurrencies and NFTs has died down to a whisper. Recession and bear market are the big buzzwords these days. Illustration: Thomas Fuchs Clearly, this is not the happiest of times for investors. If you have never put money into the market before, this …

Declare Your Own Financial Independence Day in 2022

As the Fourth of July reminds us, independence is worth fighting for. On July 4th we celebrate our nation’s declaration of freedom from the control and influence of Great Britain. Financial independence also means freedom. And as with the political independence we celebrate every July 4th; financial independence starts with a declaration. Here’s how to declare, fight for, and win your own …

Column: Want to do something about your ailing retirement savings? Don’t.

When the stock market gets volatile, retirement investors are naturally inclined to want to do something about it. iStock-1395625444.jpg We certainly are at such a point now. The S&P 500 has plunged 21.1% so far this year, as of Wednesday’s close. Last week, it lost 5.8%, its biggest weekly percentage drop since the selloff inspired by COVID-19 in March 2020. …