The Secure Act 2.0 legislation that passed late last year added new retirement savings options but also has a few potential catches for unsuspecting savers. Understanding these possible pitfalls may help you make better decisions, or at least be prepared for what’s to come.In my last column, ...
NEW YORK (AP) – Stocks fell Thursday after reports suggested the U.S. job market remains much more resilient than expected.The S&P 500 lost 35.23, or 0.8%, to 4,411.59. The Dow Jones Industrial Average dropped 366.38, or 1.1%, to 33,922.26, and the Nasdaq composite gave up 112.61, ...
The Federal Reserve tossed a bucket of ice water on the economy this week by boosting its benchmark interest rate from 2.25% to 2.5% in an effort to bring runaway inflation under control.This increase, combined with another 0.75% increase just weeks ago, are the largest rate hikes in years, and ...
Consumers have been paying more for gas, groceries, cars, and other goods for months.But after the Federal Reserve raised interest rates by .75% on Wednesday in an attempt slow inflation, other areas will be impacted – among them, student loans, home and car loans, credit card rates, and ...
Thanksgiving dinner prices are at an all-time high.Turkey – king of the Thanksgiving feast – is the most expensive it has been since 2015. This year, the average bird costs $1.50 per pound, a 24% increase over last year’s turkey prices.“The overall Thanksgiving market basket – about ...
Rising costs have taken their toll on area consumers at the gas pump and in the grocery aisle.Southwestern Pennsylvania’s food banks aren’t immune to the increases in fuel and food prices either.“The amount of food that we would normally be able to order has significantly decreased due to ...
