As Britain’s Truss struggles to get a job, a new finance minister says she’s made mistakes

Truss fired his finance minister on Friday New Chancellor Hunt warns against making tough decisions Bank of England’s Bailey says he agrees with Hunt on the need to reform finances Some conservative lawmakers say Truss will be ousted LONDON (Reuters) – Britain’s new finance minister, Jeremy Hunt, said on Saturday that some taxes will rise … Read more

Planning to get Social Security at 62? 3 reasons to wait until age 70

(Adam Levine Weinberg) The big question for Americans nearing retirement is when to apply Social Security benefits. While the US government has set the full retirement age at 67 for people born in 1960 or later, Americans can choose to receive reduced Social Security benefits as early as 62 — or wait past the full … Read more

Britain is pushing investors to flee with historic tax and borrowing cuts

Kwarteng cuts top income tax rate in a rush of growth Huge increase in planned British government bond issuance Thrombosis suffers its biggest recession in decades The pound fell 3% to a 37-year low against the dollar LONDON (Reuters) – Britain’s new chancellor Kwasi Quarting unleashed historic tax cuts and massive borrowing increases on Friday … Read more

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