ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money, sleepy post-election edition. |
No election news today: The USA TODAY home page is filled with it, and it is strong coverage. Frankly, we don't know how they found the time to write all of it. |
In other news: After slashing its key interest rate by a hefty half percentage point in September, the Federal Reserve is expected to lower rates by a more measured quarter point Thursday, followed by several more cuts next year, as inflation continues to ease. |
If the Fed veers from that steady pace, it likely would be to reduce rates less sharply to ensure that inflation keeps falling, Paul Davidson reports. Here's what to expect. |
You've diligently saved for retirement, but how are you going to spend the money? |
The standard rule-of-thumb is the so-called 4% rule, a retirement withdrawal strategy that suggests retirees can safely withdraw the amount equal to 4% of their savings in the year they retire, and then adjust for inflation each subsequent year for 30 years. |
Why do doctors earn $350,000 a year? |
Question: What are America's 20 highest-paid jobs? |
It's pretty much true: Of the 20 U.S. occupations with the highest average pay, according to the Bureau of Labor Statistics, 16 are some kind of doctor. |
Doctors earn more than any other broad category of worker, according to federal data: More than engineers. More than computer scientists. More, even, than lawyers. |
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Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | The Fed is set to lower interest rates a quarter point Thursday. But it's more likely to slow, rather than speed up, 2025 cuts due to inflation | | | | Spending your retirement savings too fast can leave you short. Being too frugal can stress your daily life. How advisers are refining calculations. | | | | The reasons for sky-high doctor salary are about supply and demand, long hours and the lure of the almighty dollar. | | | | Investors braced for volatile trading this week as voting was underway in an extremely tight U.S. presidential election. | | | | Bernard Marcus, the billionaire co-founder of Home Depot who has for years been an ardent supporter of former President Donald Trump, has died at 95. | | | | She Hit Refresh started as a personal journey but has grown into a thriving community to help women over 30 move abroad for a better life. | | | | Trump Media was halted three times for volatility. Shares closed down 1%. | | | | During the first hearing about TGI Fridays' bankruptcy process, franchisees had concerns about nearly $50 million in outstanding gift cards. | | | | The contract promises a 38% pay increase over four years and an increased 401(k) match. The striking workers rejected two previous contract offers. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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