Blue-chip energy names like Exxon Mobil and Chevron have been in a sticky situation lately as WTI Crude oil prices have tumbled since trading nearly $95 in late September, recently tucking under $70 this week. Like the over exaggerated moves in the U.S. Treasury complex as of late, I believe that oil futures and energy … Read more
Uncle Sam is about to take his share of those juicy yields you’ve been earning through 2023. This year, investors didn’t have to work terribly hard to get paid high yields from their income-paying investments. The Crane 100 Money Fund Index touts an annualized 7-day yield of 5.2%. For those willing to sacrifice some liquidity, … Read more
Shoppers walk with items during Black Friday deals at a Target store in Westbury, New York, U.S., November 24, 2023. Shannon Stapleton | Reuters After more than a year of dealing with rapid inflation, consumers have become numb to higher prices. But as inflation cools, experts say there are strategies that can help you weather current conditions … Read more
In 2023, you could plop money into a high-yield savings account and get a yield nearing 5% with little effort. Expect to work a little harder for those fixed income returns in the new year. The Federal Reserve’s series of interest rate hikes, which kicked off in 2022, made idle money profitable. One-year certificates of … Read more
Gold prices hit a record high on Monday, with spot prices reaching just over $2,100 an ounce. A spot price is the value at which an asset can be immediately bought or sold. The price of gold peaked at $2,135.40 an ounce during Asian trading hours, according to Reuters, before dipping 2.3% to $2,022.99 later … Read more
Jeff Greenberg | Universal Images Group | Getty Images Don’t panic if you miss the window to order a gift for someone during the holidays, or are in a faraway state and don’t want to deal with shipping. It’s easy to give a digital gift card that can save you in a pinch. Many of … Read more
Richard Stephen | Istock | Getty Images When Joyce Debnam’s husband passed away, she began receiving $1,400 a month in Social Security survivor benefits. Eight months later, that income unexpectedly changed. The trigger: Debnam retired from her job at the United States Postal Service in 2013 after four decades of service. That life change prompted … Read more
Tax breaks for charitable donations come in many flavors, and this year Congress has a new one for seniors called an IRA charitable gift annuity. It allows older owners of traditional IRAs to donate account funds to a charity and get tax breaks plus income payments for life. Brian and Deborah Smith of Park City, … Read more
Taking out a loan on your life insurance policy can give you a quick infusion of cash, but only if you have the right kind of policy. And even if you can borrow from your policy, that doesn’t mean you should. CNBC Select explains how life insurance loans work and what you need to consider … Read more
With high prices continuing to squeeze budgets, 47% of Americans say their charitable giving will be affected by inflation as the holidays approach, a recent WalletHub survey found. “It certainly isn’t surprising that all of the economic factors that have been going on are impacting not only families’ baseline budgets, but that it’s trickling over … Read more