Watch your spending, and try to avoid a knee-jerk reaction
Retirees have to watch their spending, especially after the Federal Reserve’s latest rate hike announced on Wednesday.
The news may seem unsettling for retirees, in particular, many of whom are living on fixed incomes. Increasing the federal-funds rate is the Federal Reserve’s attempt to combat inflation, but many Americans are trying to do that themselves – while also handling the stresses of market volatility.
Also see: Ray Dalio says stocks, bonds have further to fall, sees U.S. recession arriving in 2023 or 2024 Now is the time for anyone in or near retirement to consider multiple streams of income if they haven’t already. For some Americans, that may simply be a retirement portfolio and Social Security benefits. For others, it could be a pension, or an annuity, alongside personal retirement savings.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple Watch SE 2 (2022) review: The affordable Apple Watch; why pay more?For its starting price of $249, the Apple Watch SE 2 offers pretty much everything most people would want from a smartwatch...
Read more »
Telecom Giants Say They Want to Help Close the Digital Divide. Here’s What They Have in MindWhat could go wrong when internet hawks watch the digital henhouse?
Read more »
Villanueva and Luna square off in L.A. sheriff's debate: How to watchThe two candidates for Los Angeles County sheriff will face off tonight in a debate. Here’s what to know and how to watch
Read more »
WATCH LIVE: 3 H.S. football games to be broadcasted right here this weekend for freeWe're live streaming a handful of Week 4 games you can watch for free
Read more »
Watch Nick Chubb, Jacoby Brissett, Amari Cooper and other Browns discuss the Steelers gameThe game marks a homecoming for Northeast Ohio native Mitch Trubisky, who’s starting for the Steelers.
Read more »
The Fed raised rates — retirees and near-retirees should do thisWatch your spending, and try to avoid a knee-jerk reaction
Read more »