Here are the best deals

Here are the best deals

Amazon Prime Day is one of the most anticipated shopping events of the year. But in 2022, shoppers may be less interested in backyard entertaining or Black Friday-type deals and more eager to score discounts on consumer staples to counteract runaway inflation. “People who want to participate in Prime Day are going to be focusing … Read more

Retirement funds are getting beat up in 2022. How investors can cope

Retirement funds are getting beat up in 2022. How investors can cope

Near-retirees who turned to target-date funds to build their nest eggs may want to rethink their retirement planning as stocks and bonds face sharp declines. The S&P 500, off by about 23% in 2022, is in bear market territory. Bonds are also taking their lumps, with the 10-year Treasury yield rising as high as 3.48% … Read more

Why many young ESG investors also own cryptocurrencies

Why many young ESG investors also own cryptocurrencies

Students participate in the Global Climate Strike march in New York City. Johannes Eisele | dpa | Getty Images As the bull market flourished in 2021, many investors took a shine to investments that reflected their values. Environmental, social and corporate governance — or ESG — investments attracted record levels of new assets. Last year, … Read more

What to do if you face job loss

What to do if you face job loss

realpeoplegroup | E+ | Getty Images As fears grow that the US economy is headed for a recession, a number of companies have announced massive waves of layoffs. It’s a stark reversal after a year or more of mass voluntary resignations and job switching amid plentiful employment opportunities nationwide, in a trend known as the … Read more

Staying on track with retirement, near-term goals amid choppy markets

Staying on track with retirement, near-term goals amid choppy markets

Rbkomar | Time | Getty Images Remember better days are coming The best and worst days tend to be clustered together, data from JP Morgan shows. If you sell, you may miss the upside—and that will cost you. “Trying to time the market is likely going to result in you missing out on some really, … Read more

Lifetime income illustrations are a ‘wake-up call’ for 401(k) savers

Lifetime income illustrations are a 'wake-up call' for 401(k) savers

black cat | E+ | Getty Images You may get a nasty surprise when you open your next 401(k) statement. These statements generally arrive each quarter, either online or by mail. They provide basic information to savers about their investments and the size of their nest egg, for example. Starting in a few weeks, the … Read more

Consumers changing eating, shopping clothes as inflation pushes up prices

Consumers changing eating, shopping clothes as inflation pushes up prices

A man shops for meat at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. jim watson | AFP | Getty Images The highest inflation in roughly 40 years is prompting people to shift their shopping clothes, especially at the grocery … Read more

Considering an adjustable rate mortgage? Be sure to understand risks

Considering an adjustable rate mortgage?  Be sure to understand risks

Lifestyle visuals | E+ | Getty Images When interest rates rise, it’s common for some homebuyers to explore whether an adjustable rate mortgage would make sense for them. With an ARM, as it’s called, the appeal is its lower initial interest rate compared with a traditional 30-year fixed-rate mortgage. Yet down the road, that rate … Read more

Merrill advises clients to make these moves amid higher volatility

Merrill advises clients to make these moves amid higher volatility

Ilkercelik | Istock | Getty Images The volatility that’s gripped the markets for weeks has prompted some investors to ask, “Is this the bottom?” But waiting for that market low may prove elusive. “There’s no ‘the’ bottom,” said Chris Hyzy, chief investment officer at Merrill and Bank of America Private Bank. “We are in the … Read more

How to tap into your home’s equity if you aren’t ready to sell

How to tap into your home's equity if you aren't ready to sell

MoMo Productions | Taxi | Getty Images In the last decade, a surge in home prices has built considerable wealth for the middle class. Total housing wealth grew by $8.2 trillion between 2010 and 2020, according to a March report from the National Association of Realtors. The coronavirus pandemic’s housing boom added even more value … Read more