News 

If you want to save millions on your cost of living in retirement, here’s a simple strategy

“The website Live and Invest Overseas is a good resource for information on health-care systems and insurance access in more than 30 countries” writes Jill Cornfield for cnbc.com. Edd and Cynthia Staton say moving to Ecuador rescued their retirement savings, which had been crushed in the financial crisis of 2008. Source: cnbc.com Share This:

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Federal energy regulator prompts utilities to pass tax savings on to customers

“FERC’s proposed tax rule would apply to the interstate transportation of energy only, where it has jurisdiction over the wholesale electricity and natural gas markets” reports washingtonexaminer.com. The tax reform bill passed last December cut the corporate tax rate from 35 percent to 21 percent beginning in 2018.The nation’s grid regulator moved Thursday to ensure that President Trump’s 2017 tax cuts reduce customer utility bills. Source: washingtonexaminer.com Share This:

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News Oil 

Digitalization can save oil upstream business $73 billion a year: Woodmac

“LONDON (Reuters) – Energy firms could save an annual $73 billion within five years in oil and gas exploration and production by making better use of existing computing technology, energy consultancy Wood Mackenzie said” writes Midwest Communications Inc for 95kqds.com. Woodmac estimated the industry could save up to $12 billion a year on drilling, mostly in onshore and shallow waters.In addition, it estimated the industry could save as much as $24 billion a year on operating oil producing assets through better use of technology.Exploration and production, known as the upstream…

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Black Friday’s best deals so far

“Read CNET’s review to learn more, and see Amazon’s other early deals here” reports cnet.com. This is an honest-to-goodness early Black Friday deal — the Command Bar has never been priced lower.Below you’ll find a list of some of the best deals you can get right now.Update, Nov. 7: New deals have been added to the post and expired deals removed.And here are some Black Friday deals we’re assembling by category: That’s it for now!.  Source: cnet.com Share This:

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Despite President Trump’s resistance, Americans welcome rising interest rates

“President Donald Trump has said he doesn’t like the Federal Reserve’s decision to continue to hike interest rates, but many Americans disagree” writes unknown author for cnbc.com. As another Open Market Committee meeting of the Federal Reserve gets underway, recent signs of rising inflation, which pushed the central bank into hiking rates beginning in 2015, aren’t necessarily bad, some investors say in a new poll.Rising rates are generally considered an indication that the economy is doing well, and often pave the way for pay raises and a better return on…

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Do your kids a favor: Pick retirement savings over tuition

“A 529 PLAN IS THE BEST WAY TO SAVE More Americans tuck college savings into ordinary bank accounts (45 percent) than a 529 savings plan (29 percent), according to the 2018 Sallie Mae survey” writes The Associated Press for seattletimes.com. The good news for retirement savings is that number is declining — in the 2016 edition of Sallie Mae’s survey, 39 percent of parents said they planned or may use retirement savings as a last resort to fund their children’s education.Most financial planners advise never tapping retirement savings to pay…

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Ranks of 401, IRA millionaires swell as average retirement account balances hit new high

“The good news, according to a Fidelity Investments analysis of the third quarter of 2018, is that average retirement account balances have reached record highs” writes Kelli B for cnbc.com. “Now, more than ever, we’re seeing increases in engagement when it comes to saving and investing for retirement,” said Meghan Murphy, a vice president with Fidelity Investments.Do you want the good news first about the state of your retirement savings?.  Source: cnbc.com Share This:

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The number of 401 millionaires is up 41 percent

“The good news, according to a Fidelity Investments analysis of the third quarter of 2018, is that average retirement account balances have reached record highs” writes Kelli B for cnbc.com. “Now, more than ever, we’re seeing increases in engagement when it comes to saving and investing for retirement,” said Meghan Murphy, a vice president with Fidelity Investments.Do you want the good news first about the state of your retirement savings?.  Source: cnbc.com Share This:

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Literally everyone hates it

“It’s a pure, unadulterated hatred of daylight savings time (or more accurately, hatred of the practice of shutting off daylight savings time during the fall, only to back to it the following spring)” writes Inc Com for inc.com. By the way, I heard from a friend who shall remain nameless, but who wanted to correct my Saturday article about daylight savings time. Source: inc.com Share This:

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