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Lala strengthens into a hurricane and bears down on Hawaii's Big Island with heavy rain, winds PBSFuture Hurricane Lala nears Hawaii, packing life-threatening flooding rain amid dire situation for Islands FOX WeatherStorm Lala: Hawaii braces for potential first direct hit by a hurricane in 34 years BBCLIVE: Tropical Storm Lala becomes stronger, closer to hurricane strength Hawaii News Now
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The Last Hurricane to Hit Hawaii Became a Movie Star The New York TimesLIVE: Hurricane Lala 50 miles from South Point, Hawaii Island Hawaii News NowFlights between L.A. and Hawaii disrupted as Hurricane Lala hits the Big Island Los Angeles TimesHurricane Lala lashes Hawaii's Big Island with strong winds and heavy rain CNNStorm Lala: Hawaii braces for potential first direct hit by a hurricane in 34 years bbc.com
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Cardinals rookie Joshua Baez makes history with 3 HRs in debut ESPNJoshua Báez of the Cardinals hits 3 homers in his first 3 at-bats in a historic major league debut Yahoo SportsCardinals rookie makes MLB history by hitting a home run in each of his first three career plate appearances Fox NewsCubs, Matthew Boyd on wrong side of history in 8-4 loss Chicago Sun-Times
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This week's deal for the Los Angeles Lakers, which valued the team at a record $12.5 billion, was the latest in a pattern of skyrocketing prices.
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New sales numbers from the Census Bureau suggest consumers may finally be losing patience with persistent inflation.
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Italy-focused private markets manager Nextalia has held a €1.1bn first close for its second flagship private equity fund, securing one of the country's largest pools of capital dedicated to mid-market buyouts just five months after launching the raise.
The post Nextalia secures €1.1bn first close for second flagship buyout fund, platform tops €3.4bn AUM appeared first on AltAssets Private Equity News.
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A lot of retirement guidance I have read lately continues to treat baby boomers the same as the rest of the investor public. Even after the first six months of 2022, when the traditional 60/40 stock/bond portfolio sank more than 20%.
I may not dispute the traditional approach for investors who are 25, 35 or 45 years old and accumulating savings for retirement or the kids' college education. As we know, markets historically rebound, and younger investors with time to recover from market corrections have the benefit of dollar cost averaging.
SEE MORE Find Out in 5 Minutes If You Have Enough to Retire
But boomers entering or already in retirement have different needs than all the "Gens" that have come after them: They may not be able to wait around for their depressed accounts to grow again. For boomers, income is the important consideration — income that stays steady and grows over the decades of retirement.
Where to find income
Economic downturns always provide winners along with the many losers, and annuity payment contracts (also called income annuities) — which with rising interest rates have increased the payouts on new contracts — are the current winners. As of August 15, 2022, new purchases of income annuities at certain ages are providing 20% to 50% (depending on the income start age) more than at the beginning of the year, and that could go up even further. They're almost the mirror image of mortgage interest rates, which are also going up.
How much do you think a 20% increase in annuity payments is worth? Just imagine that your starting Social Security benefit you could claim next year went up from $3,000 to $3,600 per month. Would that get your attention
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