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Industry star David Jonsson to play Black Panther in Marvel sequel The GuardianRyan Coogler Announces Third 'Black Panther' Film, David Jonsson to Star Marvel.comComic-Con 2026: David Jonsson is new Black Panther, Ryan Gosling joins Marvel as Ghost Rider AP News‘Black Panther 3': David Jonsson to Play T'Challa's Son as December 2028 Release Date Set Variety
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House Democratic leader Hakeem Jeffries kicks off 100 days till midterms with affordability agenda AP News‘Fighting for an affordable America': Hakeem Jeffries unveils closing midterm pitch PoliticoSTATEMENT: House Democrats Place Health Care At The Top Of Their Agenda After Trump And Republicans Raided It For Tax Cuts For The Rich Protect Our CarePress Release: Hakeem Jeffries Discusses Midterm Messaging, Costs and Democratic Strategy on CNN Quiver Quantitative
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Sam Altman says we are in the singularity: 'This is the moment' Business InsiderSam Altman says humanity already in the singularity, warns of AI authoritarianism The Indian ExpressAre we closer to a real-life ‘genie' that grants any wish: Here's what Sam Altman thinks The News InternationalAltman Claims Humanity Has Entered the Technological Singularity ababnews.com
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Beijing's Belt and Road Initiative takes advantage of rise in appetite for renewables as Middle East conflict drags on
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"I asked why the limit was so low, but they couldn't give me an explanation."
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Oil futures climbed sharply Thursday, with global benchmark Brent crude topping $100 a barrel for the first time since May, after Yemen's Houthi militants claimed attacks on two Saudi Arabian tankers in the Red Sea.
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Anyone newly retired or nearly so must feel like they have the worst timing in the world. A portfolio tends to be largest near retirement, just before those savings are about to be drawn down. These days, however, most portfolios have lost value; the S&P 500 is down about 20% so far this year.
The financial industry has a name for this scenario: sequence of return risk. "It matters most at retirement when you're selling assets for income," says Wade Pfau, a professor of retirement income at The American College of Financial Services in King of Prussia, Pa. "You need to sell a larger number of shares to get the same amount of money. Those shares are then gone so even if the market bounces back, your portfolio won't recover as much."
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The newly retired are particularly vulnerable because they're "relying on this pot of money to finance the next 20 to 30 years of their life," says Amit Sinha, head of multi-asset design at Voya Investment Management in New York City.
Sequence of return risk is less of a concern for someone further along in retirement because retirees typically shift to safer, more conservative investments and have fewer years to pay for. Plus, these investors may have benefited from portfolios boosted by strong returns early in retirement.
Similarly, if retirement is a decade or more away, what happens to markets today is mostly irrelevant. "You just allow the compounding to work for you and recover over those years," says Sinha.
Someone retiring now, of course, doesn't have that luxury. If this describes you, there are several things you can do to minimize the damage, but first, assess what it's likely to mean for your portfolio long term.
Depending on how you react now, t
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I love it when organizations try and do something good, but don't think things through and end up delivering unintended negative consequences.
Today's case in point: the US Senate and the Federal Reserve, both of whom are looking to reduce high interchange costs, but are unintentionally increasing costs for merchants and sharply boosting the undiscovered fraud rate. Not bad for government work.
Let's start with the Senate, where Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS) have crafted The Credit Card Competition Act of 2022. Its stated goal: reduce the interchange fee that financial institutions and card brands (Visa, MasterCard, Amex, etc.) charge retailers.
To read this article in full, please click here
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