Well, we’re not out of the woods yet in terms of rising inflation. Over the last few months, the wide-ranging CPI number seemed to be peaking, but the May number came in this morning slightly higher than expected. As I’m sure you guessed, investors are reacting VERY calm and rationally this morning. (sarcasm)
Here’s what I’ve been reading this morning:
- The highest reading for CPI that we’ve seen in decades came out this morning. Though it’s not a total surprise, it’s still noteworthy. This article digs into which sectors of the economy are leading the way.
- If you can afford it from a monthly cash flow stand point, maxing out your 401(k) contributions is a great way to get ready for retirement. This article discusses how some companies are letting those who hit their max save MORE with after-tax contributions.
- There is absolutely no shortage of account options to put your money in today’s world. Whether it’s in bonds, stocks, savings accounts, credit cards, you name it, people can have their money just about anywhere. Jonathan writes about why he tries to MINIMIZE the number of places he has money these days.
- Like we mentioned in the article above, if you can swing it, saving in a 401(k) is a great way to prep for retirement. However, if you constantly switch jobs, it might be difficult. This article talks about why that’s the case.