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Early signs that you have a spending problem, and what to do about it

[ad_1] Pedestrians wearing protective masks carry shopping bags in San Francisco, California, on Wednesday, Feb. 17, 2021. David Paul Morris | Bloomberg | Getty Images For many Americans, the post-pandemic normal is exciting. After more than a year stuck inside and forgoing travel, entertainment and more to curb the spread of Covid-19, many people are

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Required IRA, 401(k) withdrawals would start at age 75 under congressional proposal. Here’s who would benefit

[ad_1] Anchiy | E+ | Getty Images The age when older Americans must start making withdrawals from retirement accounts could change yet again. Under a provision in proposed retirement legislation pending in Congress, required minimum distributions, or RMDs, would start at age 75 by 2032, up from age 72 — which only took effect last

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‘Social Security doesn’t even cover my entire rent.’ How retirees say Congress should change benefits

[ad_1] For long-term investors, daily headlines are distractions. Westend61 / Josep Rovirosa | Getty Images It’s no secret that Social Security is underfunded, and many Americans are struggling to scrape by on their monthly benefit checks. Now, congressional leaders have raised a key question on reforming the program. “Should we vote now or should we

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Financial advisors shrug off Fed’s inflation, interest rate forecasts

[ad_1] The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images “None of this really impacts what people are going to be doing the next six months,” said Lee Baker, a certified financial planner and owner of Apex Financial Services in Atlanta, of clients’ financial plans. “For most clients, candidly, it’s

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Here are some money moves to make while the Fed keeps rates near zero

[ad_1] The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero despite signs the economic recovery is well underway. But it’s clear rates won’t stay near rock-bottom forever. Recent data showing higher consumer prices and lower unemployment will pave the way for unwinding last year’s bond buying and near-zero interest rates. “Being 7.8 million

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Social Security cost-of-living adjustment for 2022 could be higher based on rising consumer prices

[ad_1] Zoom In IconArrows pointing outwards Rising consumer costs have helped push the latest estimate for next year’s Social Security cost-of-living adjustment to 5.3%. Whether that will actually be the bump retirees see to their monthly checks in 2022 depends a lot on the economy, including whether the Federal Reserve decides to raise interest rates.

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