They’re the highest they’ve been in years but are bonds cheap enough to buy here? Two strategists disagree
Bond yields are driven by the market’s estimate of the average federal funds rate over the next 10 years, plus some compensation for the risks associated with predicting that. Barclays finds bonds at fair value but not cheap yet.
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Social Security checks are projected to be cut by $540 a month in just six years
Social Security’s future may be even more dire than expected as time is running out to shore up the program’s finances.
MarketWatch
A new bill in Congress would lower the retirement age to 60. See who would qualify.
A new bill calling for lowering Social Security’s full retirement age from 67 to 60 for workers in physically demanding jobs could put additional strain on the trust fund that backs the system and create a two-tiered system among workers, retirement experts said.
MarketWatch
‘We lived within our means’: I earned $30,000 as a pastor and still retired comfortably. Why don’t you tell people that?
“As a country, we have grown dangerously comfortable.”
MarketWatch