How to buy dip: 3 tips for smart investors | personal financing

(Katie Brockman) The stock market has experienced a downturn recently, with Standard & Poor’s 500 Officially entering a bear market after falling more than 20% from its peak. While recessions and bear markets can be intimidating even for the best investors, they are also one of the best buying opportunities. Stock prices are now much … Read more

2 Risks of investing only in index funds | Smart Change: Personal Finance

(Morri Bachmann) Some people consider themselves practical investors. They like to spend time researching stocks, comparing companies in the same industry, and reviewing financial statements to determine which companies should have a place in their portfolios. Then there are those investors who prefer to take the easy way by investing their money index funds. These … Read more

3 Must-Read Quotes From Nobel Laureate Richard Thaler | personal financing

(Adam Levy) Richard Thaler’s work on behavioral economics was awarded the Nobel Prize in 2017. His 2008 book Pay He was very influential, as he helped shape public policies that in turn help people save more and make better decisions in finance, health, and many other areas. In a short interview with morning star Earlier … Read more

How long do bear markets last? | Smart Change: Personal Finance

(Shawn Williams) You probably don’t need me to tell you this, but it’s been a tough year for Wall Street and investors. When the closing bell rang on Monday, June 13, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI) and the standard Standard & Poor’s 500 (SNPINDEX: ^GSPC) It is down 17.1% and 21.8%, respectively, … Read more

The Secret to Retire from a Millionaire If You’re 50 | Smart Change: Personal Finance

(Charlene Reinhart, CPA) If you’re about to retire, you’re probably checking your accounts to see if you have enough money to keep you afloat through your later years. Numbers can be a hard reality test, but don’t beat yourself up if you feel unprepared for the days ahead. If you’re missing out on your retirement … Read more

Investing in a target date fund? You should be able to answer these four questions | Smart Change: Personal Finance

(Kylie Hagen) Many 401(k) funds offer target date as a simple retirement savings solution. But despite their popularity, not many people understand how they work. Only one in five workers say they understand target date money well, according to a recent survey of retirement confidence by the Employee Benefits Research Institute (EBRI). This leaves much … Read more

Here’s how to get an extra 24% of Social Security | Smart Change: Personal Finance

(Morri Bachmann) People are often advised not to rely too heavily on Social Security during retirement, and to save independently for that milestone instead. But let’s be real. Saving for retirement isn’t easy. Often that means having to cut back on other expenses, and for low-income earners, it can be a particularly difficult task. Furthermore, … Read more

2022 was approximate for major indexes. Here’s why you’re not worried. | personal financing

(Steven Walters) After rebounding from pandemic lows in early 2020 to new highs this winter, the three most popular US stock market indices have plummeted this year — so much so that people are wondering if this is the start of another recession. As of June 9, . has been released Standard & Poor’s 500 … Read more

Thinking of switching jobs? A 401(k) could hurt you | Smart Change: Personal Finance

(Morri Bachmann) Social Security probably won’t pay you enough for a comfortable retirement. To achieve this goal, you will need to save independently. If your employer offers 401(k) PlanThis is definitely a good place to start. Although a 401(k) isn’t perfect, it does offer some distinct advantages over IRAs. First, it comes with much higher … Read more

Thinking of switching jobs? A 401(k) could hurt you | Smart Change: Personal Finance

(Morri Bachmann) Social Security probably won’t pay you enough for a comfortable retirement. To achieve this goal, you will need to save independently. If your employer offers 401(k) PlanThis is definitely a good place to start. Although a 401(k) isn’t perfect, it does offer some distinct advantages over IRAs. First, it comes with much higher … Read more