News
How spending shocks affect retirement planning
5+ hour, 38+ min ago (213+ words) Further complicating matters for young retirees is that many individuals wish to delay Social Security to increase their eventual benefits. At the same time, delaying Social Security can necessitate higher withdrawals in the early part of retirement, thereby imperiling the…...
Inflation increases to 2.5% in Europe as Iran war boosts energy prices
1+ week, 2+ hour ago (300+ words) The annual rate for the 21 European Union member countries using the euro currency compared to 1.9% for February before the war started and blocked supplies of oil and gas from the Persian Gulf. Energy prices increased 4.9% percent in March compared to…...
Fed is watching energy price spikes, but Chair Powell says bank is limited in what it can do
1+ week, 17+ hour ago (537+ words) Powell, who spoke before nearly 400 students at Harvard University as gas prices inched toward an average of $4 per gallon in the U.S., said there wasn't a lot Fed policymakers could do since energy shocks "tend to come and go pretty quickly…...