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Kiplinger

Economic Pain at a Food Pantry

Who uses your pantry? The clients we serve are seniors and families. We’re open three times a week and have a specific shopping day for the seniors in an effort to cut down waiting times, and then we have two open pantries for individuals and families of all ages. We don’t serve meals; we are a shop-by-choice pantry. So people are able to come in and grab what they need. For access, the only requirement is that you live within one of the seven cities and towns that we serve.
ATTLEBORO, MA
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5 Ways to Prepare for a Recession

On paper, a recession is a fall in GDP for two consecutive quarters. Unfortunately, the actual GDP report lags the quarter-end by at least a month and is constantly revised as new data is evaluated, making it hard to confirm a recession before the fact. However, that doesn’t mean there...
ECONOMY
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In What Order Should You Tap Your Retirement Funds?

You work hard for decades and save diligently for retirement, but unfortunately, you can’t retire from paying taxes. An important part of enjoying a fruitful retirement is understanding how taxes apply to different types of income and planning accordingly. Having sizable amounts of money in various accounts is wonderful, but taxes can eat away at them quickly if you don’t have a sound tax strategy heading into retirement.
PERSONAL FINANCE

Stock Market Today: Stocks Limp Out of the Starting Gate

Monday kicked off a fresh week of Wall Street action with a day of calm tradng that saw the major indexes give up just a skosh of last week's rip-roaring gains. "For the third time this year, the S&P 500 ended the week up [greater than] 6%," says Michael Reinking, senior market strategist for the New York Stock Exchange. "Unfortunately, on each of those occasions, the gains were just recouping losses in the weeks that had preceded it, and ultimately unwound not long thereafter."
STOCKS

Micron Technology (MU) Earnings Expected to Show Strong Growth

We've reached the tail end of earnings season. However, there are still a handful of notable stragglers left to report – including memory chipmaker Micron Technology (MU, $58.71), slated on the earnings calendar to unveil its fiscal third-quarter results after the June 30 close. Micron, like so many of...
MARKETS

An Easy Way to Find How Much You Will Spend in Retirement

How do you know when you can retire? The answer seems simple: When you have enough income coming from your investments and other sources to sustain your lifestyle. The problem for many retirees and those who are starting to think about retirement is they don’t have a firm handle on how much money they spend each year. Not knowing that number or planning for it can be the difference between someone having a great retirement and someone running out of money.
ECONOMY

8 Money Tips for Seniors Suffering from Inflation

Why is this year different from all other years for seniors? Inflation. The latest numbers show a whopping inflation rate that’s the highest since 1982. This means that everything you buy will be more expensive. You see this impact at the gas pump, the grocery store, the doctor and, frankly, all over. The issue is that you don’t have a choice not to buy certain things.
BUSINESS

What to Do When Your Tenant is a Hoarder!

“Terry” was my first hoarder client. About 50 years old, he worked as a custodian at a high school in a small town not far from where I was living at the time. He was a genuinely nice guy and proud of his collection of washing machines from the 1940s onward.
HOME & GARDEN

Stock Market Today: Stocks Stick the Landing in Successful Short Week

The major indexes finished the holiday-shortened week with a flourish as a recent relief rally chalked up sizable gains across the four-day period. Federal Reserve Bank of St. Louis President James Bullard said Friday that "it is a little early to have this debate about recession probabilities in the U.S." Meanwhile, he continued to pound the table for continued aggressive interest-rate increases – remember, the Fed is just more than a week removed from its rate hike since 1994 – to repel rapidly rising consumer prices.
STOCKS

Could Buffett Buy Out Occidental Petroleum (OXY)?

Warren Buffett keeps pumping cash into the oil patch, upping Berkshire Hathaway's (BRK.B, $267.52) stake in Occidental Petroleum (OXY, $56.09) by more than a half-billion dollars in a series of recent purchases. And in fact, Buffett's ever-growing ardor for the Houston-based integrated oil and gas firm has some analysts speculating...
STOCKS

A 3-Phase Plan to Get into (and Out of) Real Estate Investing

As founder and CEO of Kay Properties, I talk with hundreds of clients each month, allowing me the privilege of listening to some fascinating life stories while helping people with their long-term investment goals. I recently encountered such a story when I met Frederick and Gloria*. These two focused individuals...
ATLANTA, GA

Stock Market Today: Safety-Seeking Investors Drive Stocks Higher

Defensive stocks and the Nasdaq were in rare alignment, leading the way Thursday as much of Wall Street watched Federal Reserve Chair Jerome Powell continue his economic tightrope walk. A day after telling the Senate Banking Committee that a recession is "certainly a possibility," Powell told the House Financial Services...
STOCKS

10 Smart Artificial Intelligence (AI) Stocks to Buy

Artificial intelligence (AI), for all of its futuristic elements, is not a new category – not by a long shot. The roots of the technology go all the way back to the late 1950s, when computers started to become much more powerful. But the proliferation of AI stocks hasn't...
MARKETS

Janus Henderson Global Equity Income Fund (HFQTX) Hangs Tough

Value-oriented funds are having a moment, even overseas. Foreign-stock fund Janus Henderson Global Equity Income (HFQTX) – a member of the Kiplinger 25, the list of our favorite low-fee mutual funds – is above water over the past 12 months, despite a selloff in nearly every developed-country stock market around the globe. Its 0.5% return over the past year beat the MSCI EAFE Index, which dipped 11.1% over the same period.
STOCKS

Should You Prefer Preferred Stocks?

In a topsy-turvy stock and bond market, preferred securities may provide extra income and a small dose of stability. These hybrid investments are part bond, part stock. Their dividends get paid ahead of common stock dividends (but not before bond interest) if a company hits hard times. These days, preferred...
STOCKS

Dividend Stocks Are Paying Off for Income Investors

When the stock market hits a rough patch, it can pay to hide out in dividend stocks. Those cash payouts to shareholders are akin to a vaccine or an underground war bunker. They may not shield you from all of the financial pain of a market in free fall due to soaring inflation and rising interest rates, but they will ensure that you'll survive the tumult.
STOCKS