Why you should spread your retirement savings across multiple accounts. Here why | personal financing

(Adam Levy) There are a variety of accounts available to most investors to save for retirement. You can choose the traditional 401(k), IRA, or Roth versions of those accounts, or stick with a regular taxable brokerage account. You can even use a tax-free HSA to save for retirement. If you are planning for the long … Read more

The surprising truth about the future of Social Security | Smart Change: Personal Finance

(Selina Marangian) Here are some scary headlines you may have come across that give the impression that Social Security is on the way to becoming a thing of the past: “Social Security is expected to be insolvent a year earlier than previously expected” (New York times, 2021) “Why is Social Security running out of money?” … Read more

How much will your Social Security benefits increase in 2023 based on current inflation? | Smart Change: Personal Finance

(Bram Berkowitz) New inflation data for August sent the market lower earlier this week, with Dow Jones Industrial Average It gave up a staggering 1,250 points on Tuesday as inflation came in higher than expected last month. Inflation data doesn’t just affect the markets; It also plays a big role in determining how much to … Read more

The Economists’ View of Artificial Intelligence: Beyond the Power of Cheaper Prediction

Artificial intelligence takes on predictive power; Humans retain control. GT There has been no lack of interest in the capabilities of AI, along with related concerns about bias, data validity, costs, and employee resistance. But we may be missing the most important point when it comes to the ultimate impact of AI, argues one prominent … Read more

Inflation has not yet affected insurance and other healthcare costs

font size The August CPI report found that health insurance expenditures rose 24.3%. But this number is misleading. Tyler Olson / Dreamstime.com In depth CPI report for August that the Bureau of Labor Statistics Tuesday released It was a heart-stopping number: Health insurance expenditures, according to the report, were up 24.3% on an unadjusted basis … Read more