What stagflation is, and how to prepare for it

Runaway inflation has raised fears that the economy is headed towards a return of stagflation but a host of Wall Street banks such as Goldman Sachs and HSBC believe there remains opportunities for investors to safely navigate this tricky backdrop. UCG | Getty Images What is stagflation? Stagflation is a term coined in the 1970s … Read more

How to stress test retirement strategy amid Inflation, market downturn

North Carolina retiree Connie Gores prepares for a visit with her grandchildren. CNBC’s Jerry Frasier Connie Gores was in her mid-50s, with one daughter in college and another newly graduated, when she became keenly focused on preparing for retirement. Gores, who worked in higher education and was a college president, met with a financial advisor … Read more

Why Roth IRA is a tax winner when retirement account loses market value

Traders work on the floor of the New York Stock Exchange (NYSE) on June 27, 2022 in New York City. Spencer Platt | Getty Images As stocks dipped into bear market territory this year, investors in the know on retirement plan tax law might have made a smart move: convert retirement account assets to a … Read more

Rising interest rates, credit card debt a ‘double whammy’: economist

Mikhail Druzhinin / Eyeem | Eyeem | Getty Images To keep up with rising prices, many Americans are falling back on their credit cards once again. Credit card balances rose year over year, reaching $841 billion in the first three months of 2022, according to the most recent data from the Federal Reserve Bank of … Read more

3 money moves to help minimize uncertainty in the second half of 2022

David Sachs | The Image Bank | Getty Images It’s no secret that the first half of 2022 has ushered in a lot of expensive changes for consumers: The S&P 500 Index fell 20.6% in the largest first half decline since 1970, pulling down investors’ portfolios with it. The Federal Reserve in June approved a … Read more

Are you doing your job search right? How to land your first job after graduation

Graduation day conjures many emotions. It’s exciting to reach this big milestone, but it also brings anxiety – what’s next? How will I get my first job? It’s understandable, given how the job market is changing – one day, it’s a great market for job seekers. The next day, you’re hearing about companies rescinding offers … Read more

5 markets where home sales are cooling fastest

Stockton, California DenisTangneyJr | iStock | Getty Images After the frenzy of bidding wars, the US housing market is starting to cool, particularly along the West Coast, as mortgage interest rates rise. That’s forcing some sellers to adjust. “Sellers have to be more realistic,” said Bill Kowalczuk, a real estate broker at Coldwell Banker Warburg. … Read more

6 ways to adjust career plans for a rocky job market

Westend61 | Westend61 | Getty Images The job market is still hot, but that won’t last forever. In fact, there have already been some signs of a shift, according to John P. Morgan, president of talent development and transition firm Lee Hecht Harrison. To be sure, the most recent data shows strong job growth in … Read more

Here’s what to consider before starting a side hustle

Side hustles have become an increasingly popular way to boost income. But are they necessary to reach financial freedom? “The answer is no,” said Gorick Ng, author of “The Unspoken Rules,” adding that there are plenty of people who don’t have side hustles and have achieved success. Still, Ng is in support of those pursuing … Read more

How to use a side hustle to pay off debt

After Kristen Heaton graduated from Ryerson University in Toronto, Canada, in 2006, she knew she wanted to start her own business. She had $ 70,000 in student debt and needed $ 700 to buy her first round of inventory, but she didn’t let that stop her. In 2013, she launched a brand on Amazon called … Read more