Personal Finance
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Many retirees follow a 4% withdrawal rule.
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When it comes to Social Security,
When 2024 came to a close, investors had every reason to smile. The iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and growth stock-powered Nasdaq Composite (NASDAQINDEX: ^IXIC) ended the year higher by 13%, 23%, and 29%,
Novak Djokovic has revealed that his dad has been nudging him towards retirement, and he himself has even toyed with the idea of stepping back from the sport.
The 37-year-old Serbian star, who remains the last man standing of the ‘big four’ following the exits of tennis legends Roger Federer,
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It’s not easy for a stock investor to beat the S&P 500 in any given year, and it’s even harder to do that regularly. Even Warren Buffett, who has beaten the market by huge margins over decades, hasn’t managed to do so every year.
That said,
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From the Federal Reserve to the Bureau of Economic Analysis to the Bureau of Labor Statistics, there are a variety of free federal sources journalists can turn to for high-quality data on the U.S.
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Let the good times roll. That’s the mantra for many investors as the new year begins. The S&P 500 (SNPINDEX: ^GSPC) jumped 23% in 2024 after soaring 24% in 2023. Another gain of 20% or more this year would be fantastic.
How will the stock market perform in 2025?
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Nvidia (NASDAQ: NVDA) was added to the Dow Jones Industrial Average (DJINDICES: ^DJI) in November 2024.
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It has been my custom for most of the past 27 years to write a column that summarizes the Social Security updates scheduled to take place in the new year. I already discussed some of these updates in October when they were announced, but it doesn’t hurt to repeat them here. (They all grow out of the annual cost-of-living adjustments that have been part of the program since 1973.)
Before I go on,
Congress passed the Social Security Fairness Act and President Joe Biden signed it into law in December. The bipartisan legislation expanded benefits to nearly 3 million Americans who for more than forty years “have had their earned retirement benefits unfairly cut.”