401(k) millionaires are on the rise after taking a hit last year. Boomers are leading the way ( fortune.com )
AI will be at the center of the next financial crisis, SEC chief Gary Gensler says ( markets.businessinsider.com )
Fed approves hike that takes interest rates to highest level in more than 22 years ( www.cnbc.com )
The quarter percentage point increase will bring the fed funds rate to a target range of 5.25%-5.5%....
US probing Adani Group and founder over potential bribery, Bloomberg reports ( www.reuters.com )
Money tips from one of the greatest investors in history ( www.npr.org )
Student loan interest resumes Friday and payments restart in October. Here’s what borrowers should know ( www.cnn.com )
Interest will start accruing again on September 1, after rates were effectively set to 0% since March 2020 for federal student loans. Now, interest rates, which are fixed and vary by loan, will return to the same rate they were before the freeze....
Japanese Yen stands tall near one-month top against USD on hawkish BoJ talks ( www.mitrade.com )
■ The Japanese Yen continues to draw support from expectations for a hawkish BoJ pivot....
ProjectionLab - Build Financial Plans You Love ( projectionlab.com )
Came across this tool on HackerNews last week and gave it a try and thought it was a really comprehensive (in my experience) tool for doing long term financial planning yourself....
Will drug price negotiations work? Here’s what you need to know. ( www.politico.com )
Many steps remain before older adults see the benefit of the Centers for Medicare and Medicaid Services’ upcoming talks with drugmakers.
GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls ( www.cnbc.com )
Gross domestic product was expected to increase at a 2% annualized pace in the second quarter....
Is Medicare supplemental insurance worth it? Here's what some experts think. ( www.cbsnews.com )
The extreme bubble in stocks 'will end in tears' with the S&P 500 plunging 64%, a long-time bear who called the 2000, 2008 crashes has warned. ( finance.yahoo.com )
cross-posted from: lemmus.org/post/167976...
What is the makeup of your retirement accounts? ( kbin.social )
What are you invested in? Target date funds, ETFs, individual stocks? Do you think of your portfolio as aggressive, neutral, or conservative?...
How are you doing relative to the 1x by 30 / 2x by 35 / 3x by 40 salary rule for retirement savings? ( kbin.social )
/r/personalfinance was one of my more frequented subreddits and I find it pretty valuable. I figure I should try to help get the ball rolling over in the Fediverse and it seems like this is the most active substitute so far....
Deciphering the ABCs of Medicare open enrollment ( webcache.googleusercontent.com )
Where are European mortgage holders most exposed to higher rates? | Financial Times ( www.ft.com )
Clark Howard: Here’s Why Domestic US Flights Are Getting Cheaper and How You Can Take Advantage ( finance.yahoo.com )
Domestic airfare fell 2% to an average of $267 per ticket in August. The plateau will last through mid-September, but then begin to rise as the holiday season approaches, peaking in late November or early December.
What your credit score actually means ( www.vox.com )
I found my wealth-building people. We agree getting rich is a slow race. ( www.washingtonpost.com )
Mint.com is going away. Are there any alternatives that are as automatic and simple? ( www.theverge.com )
FOSS/self hosted preferred, but open to anything!
Polymarket | India Election: Modi reelected? ( polymarket.com )
cross-posted from: lemy.lol/post/22844267...
Americans are 'doom spending' — here's why that's a problem ( www.cnbc.com )
Fossilfreefunds.org | A place to help discover funds that don't support the Fossil Fuel Industry, or to check how much your current funds are invested into fossil fuels. ( fossilfreefunds.org )
Climate Town recently did a fantastic video detailing how banks use our money just sitting around in our account to invest in fossil fuels. Wanting to avoid this, I figured it’d be better to direct my money in an investment that’s at least a little less planet destroying, which lead me down this ecological rabbit hole that I...
Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward ( finance.yahoo.com )
Your ‘Set It and Forget It’ 401(k) Made You Rich. No More. — WSJ ( apple.news )
For four decades, patient savers able to grit their teeth through bubbles, crashes and geopolitical upheaval won the money game. But the formula of building a nest egg by rebalancing a standard mix of stocks and bonds isn’t going to work nearly as well as it has.
