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Lifestyle News

  • Want to feel special? Stores and restaurants with paid memberships are betting on it

    NEW YORK (AP) — How much does it cost to feel special?
  • Kimberly Palmer: Fighting over money? Ways to seek common ground with your partner

    Figuring out how to manage money together might be an important part of a happy relationship, but it’s a skill that doesn’t always come naturally.
  • Millennial Money: 4 strategies for using side hustles to fund retirement savings

    At the start of 2022, I panicked after realizing I was in my early thirties with only about $4,000 saved for retirement. Once the panic subsided, my solution was to use side hustles to fast-track my retirement savings. Within two years, I was able to use my freelance and 9-to-5 income to grow my retirement savings by over $100,000. Here are some strategies I used to achieve my goal.
  • Burning Man survived a muddy quagmire. Will the experiment last 30 more years?

    RENO, Nev. (AP) — The blank canvas of desert wilderness in northern Nevada seemed the perfect place in 1992 for artistic anarchists to relocate their annual burning of a towering, anonymous effigy. It was goodbye to San Francisco’s Baker Beach, hello to the Nevada playa, the long-ago floor of an inland sea.
  • Kimberly Palmer: Smart steps to take when helping your grandchildren financially

    In his early 20s, Chris Chen’s nephew dreamed of becoming a professional photographer, but to pursue that dream, he needed equipment that cost over $5,000. His nephew worked hard to save $1,500, then his maternal grandmother provided an additional $750. Chen, a certified financial planner in Newton, Massachusetts, covered the rest.
  • Kimberly Palmer: How to plan for a potential inheritance

    The amount of wealth millennials and Gen Xers stand to inherit from their parents and grandparents almost defies comprehension: According to Cerulli Associates, a Boston-based research and consulting firm, $84.4 trillion in wealth will be transferred between 2021 and 2045, primarily from baby boomer households to younger generations.
  • Liz Weston: Why retirees may want to buy an immediate annuity now

    An immediate annuity is an insurance product that provides guaranteed income: You give an insurer a chunk of money, and the company gives you a stream of payments that can last for life. The payments begin within 12 months of purchase.
  • Kimberly Palmer: How to get comfortable with taking smart financial risks

    Making money, whether by putting cash into the stock market, buying a home or jumping to a better-paying job, requires some degree of risk. While embracing any of those moves might feel as scary as skydiving off a cliff, there are times when a little risk makes financial sense.
  • Millennial Money: Are luxury investments a good idea in this economy?

    Some people collect luxury goods such as investment pieces. Think of a Birkin bag, art by the legendary Jean-Michel Basquiat or a Rolex. Anything considered timeless or high-quality and that appreciates in value can be called an investment piece.
  • Liz Weston: Safer ways to raid your retirement, if you have to

    Raiding your retirement accounts can be expensive. Withdrawing money before age 59 1/2 typically triggers income taxes, a 10% federal penalty and — worst of all — the loss of future tax-deferred compounded returns. A 30-year-old who withdraws $1,000 from an individual retirement account or 401(k) could lose more than $11,000 in future retirement money, assuming 7% average annual returns.

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