Investing and Global Finance News

Monthly Archives: January 2016

Retire for Longer Using a Few Easy Tips

Photo courtesy of
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Baby boomers and those coming after are living longer, often meaning that retirement is also becoming a larger chunk of a person’s lifetime. The Centers for Disease Control and Prevention says that the number of people living past age 100 has increased from 50,281 in the year 2000 to 72,197 in 2014, and increase of close to 44 percent.

This is great news, but it means more thorough planning is needed for the retirement years. Someone who retires at age 65 can hope to live an additional 35 years, and hopefully without running out of money.

Here are a few tips to help finance those years without too much pain.

Claim your Social Security benefits later in life. People can begin collecting Social Security at their full retirement age of 66, or 67 for those born after 1960. For every year that someone delays they are entitled to an additional 8 percent in their payments. Waiting unit age 70 to begin collecting can increase the benefits by 32 percent, and those higher payments will last the rest of your life.

Be sure your retirement money is keeping up with inflation. Social Security payments automatically keep pace with inflation, and so do some types of government bonds. You can also keep part of your savings in investments that have a track record of keeping up with price hikes like stocks, commodities and real estate. Be careful though, the last group has no guarantees attached.

Try and arrange to have a pension plan from your employer. Traditionally pension payments last as long as you do, even if you live a long, long time. The downside is often pension plans do not keep up well with inflation. See your options at work, and choose wisely.

More Signs of Slowing Economic Growth

According to the Commerce Department US inventories in November posted their largest drop since 2011. This statistic is a sign that businesses are reducing their stockpiles of unsold goods. Such reductions are a sign of significant slowing of economic growth in the fourth quarter of 2015. Friday’s announcement said that inventories fell 0.2 percent, the… Continue Reading

The Flip Side of Reduced Oil Prices

People always find lower oil prices attractive. But the question is, are reduced prices in oil always 100% good news? Apparently not. It can have a negative impact on the housing market. In fact, it is anticipated that there will be a very slow increase in house prices in 2016, of only around 3.5 percent.… Continue Reading

Fast Flights to Europe Ready for Take Off

Former Boeing exec Doug Nichols of Aerion is developing s supersonic 12-seat jet which promises to get its passengers from New York to London in a mere 4.5 hours. That is about 3 hours faster than conventional jets. Nichols is betting that the savings of time the new plane will provide will be worth the… Continue Reading

Beauty Companies Turning to Private Equity Firms

Interestingly, many private equity firms have their eyes on skin care products and personal products for beauty. Avon Ladies, for instance, has sold its North American business to private equity firm Cerberus Capital Management. They are selling 80.1% of their US and Canadian divisions to Cerberus, which is known for its turnaround expertise. Similarly, MidOcean… Continue Reading

Fed’s Mester Predicting Strong Growth for Economy

Hawkish policymaker Loretta Mester, president of the Cleveland Federal Reserve, praised the recent rise in interest rates, saying it was a good first step to more normal monetary policy. She said it sent a positive message that the US economy will continue making gains. “I fully supported the … December action,” Mester said, referring to… Continue Reading