For many people, there’s a greater chance that they will outlive their savings, and that’s scary.
Ask Real Deal Retirement I have questions about the “maximum safe withdrawal rate,” or the 4% rule. If you’re withdrawing the money from an IRA, do you factor in your marginal tax rate to arrive at the 4% withdrawal? And how do you adjust withdrawals in reaction to strong or weak investment results? —J.N. The 4% rule More »
On my JubakAM.Com subscription site, I just added an ETF for the bond bear market–and today’s meltdown
The logic is pretty simple--I think the rise in yields on Treasuries and the anticipated rise in interest rates from the Federal Reserve that sent the Dow Jones Industrial Average down more than 650 points today isn't over. There's just too much pushing bond yields higher (and bond prices lower) over the next few months: the deadlock in Congress over funding the government and a new budget, the more than $400 billion in new bonds the Treasury has to sell this year, weakness in the dollar, the debt ceiling battle. So I think we'll see yields on the 10-year Treasury, now near 2.85% creep toward 3.00% as the year goes on.
Michelle Singletary | What if your soulmate is contributing nothing on finances and more?
The U.S. economy added 200,000 jobs in January, the Bureau of Labor Statistics reported this morning. Economists surveyed by Briefing.com had expected the 180,000 net new jobs. The official unemployment rate remained at 4.1%. The big news, though--the news that has rattled the bond market--is the increase in average hourly earnings