from Kerry Lutz's Financial Survival Network
Eric Mangold and Kerry discussed the importance of reevaluating the traditional retirement age of 65 and having a clear plan for life after work. They explored the reasons behind the shift in retirement trends and the impact of increased life expectancy on retirement decisions. The conversation also delved into the significance of staying mentally and physically active during retirement to avoid depression, and the role of caregiving in providing purpose and activity for retirees. Additionally, they highlighted the importance of avoiding excessive news consumption and maintaining a healthy lifestyle during retirement.
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A deadly, out-of-control war in the Middle East became a reality this week. Israel attacked Iran. Iran released a massive counter-attack on Israel. And now, Israel has attacked multiple Iranian targets, including Iran’s nuclear facilities in the center of the country. Where will it stop?
In this week’s Finance U with Paul Kiker we discuss the yen’s downward spiral and how this could disrupt a multi-decade investment strategy (called the carry trade) and lead to Japan’s forced selling of US Treasury bonds which could spike interest rates.
Gold and silver were firmer on the week, with gold trading in Europe this morning at $2390, up $46, while silver was at $28.45, up 60 cents. While both were higher since last Friday, it is best described as a week of consolidation.
I hope you’ve been having as much fun as I have watching gold go up, which has been our sole consolation in this mad world.
Price reductions of existing homes jump to 31.7% of active listings, highest since 2017.
In the entire history of the United States, we have never witnessed an urban collapse of this magnitude. During the pandemic, millions of Americans started working from home, and many of them have never returned to the office. Meanwhile, rapidly rising levels of crime, homelessness and migration have transformed many of our inner cities into extremely dangerous places. As a result, thousands upon thousands of businesses have left our core urban areas in search of greener pastures. So now there is lots and lots of commercial real estate space that is sitting empty, and commercial real estate prices have absolutely plummeted.
Americans throw away millions of dollars in coins every year.
Potential Trump jurors more often than not lean politically left, New York Times’s reporter Maggie Haberman said Thursday.
Despite extraordinary monetary tightening by the Federal Reserve, inflation remains elevated above its 2 percent target. Even more worrying, inflation accelerated during the first quarter. The Consumer Price Index (CPI) rose at an annualized rate of 4.5 percent over the last three months. The figures for Personal Consumption Expenditures Price Index (PCEPI) are similar through February, with March data set to release later this month. It looked like we had inflation whipped as recently as December. Now it looks like price stability is slipping away.
What do the state’s insurance and housing crises have in common? Obviously, homeowner policies have an impact on housing costs, but I’m referring to something different, namely the concept of open-ended risk. Insurers are exiting the market because state policies limit their ability to price policies to reflect the risk of a major wildfire season. They rather pull out of California than risk the destruction of their assets.
Moments like the one we live in now come along from time to time, providing the opportunity to learn from the mistakes of the past. For instance, key takeaways from the Deepwater Horizon incident of April 2010 and how they apply to today are clear except to those who deny them.
A study by the government’s communications regulator in the UK has found that a quarter of children aged just 3-4 years old own smart phones.
A pair of British police officers accompanied by a nurse were filmed entering a man’s home and questioning him over a social media post where he suggested Christians “stand up” in the wake of the recent stabbing of Orthodox Bishop Mar Mari Emmanuel.
Your information is everywhere on the internet. It is in your banking, financial, credit card, cell phone, internet, utility, and online purchase accounts and in the accounts of these companies’ service providers. Your information is in more places than you can imagine. The internet system is easy to hack, because it was created as an open system for the military.