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Using an IRA to save for retirement is a terrific strategy to reduce your tax burden and move closer to your financial objectives. However, not every investment will benefit the most from an IRA’s tax advantages. The following three investments are ones you should retain in a standard brokerage account.

1. Municipal debt

Municipalities issue financial instruments known as “munis,” or municipal bonds. The tax-free status of interest payments is a benefit of investing in municipal obligations. Additionally, you won’t typically pay state income taxes on bonds you buy in your state of residence.

Holding muni interest payments in an IRA doesn’t offer any benefit because they are already tax-free. You would be better served investing in a different kind of bond for your IRA that offers less tax benefits than munis and pays higher interest rates because munis normally have lower interest rates due to the tax benefits they provide.

You should keep municipal bonds in a taxable account if you wish to invest in them. You should also quickly evaluate if your tax savings will be sufficient to justify the reduced interest rate.

2. Limited liability companies

MLPs, or master limited partnerships, are another type of investment with built-in tax benefits. As a partnership, they don’t pay corporation income taxes since cash flow and earnings are transferred directly to owners, known as unit holders.

Additionally, there are tax benefits for owners of units. The real earnings are far smaller than the cash flows since the majority of MLPs are able to deduct a sizable amount from their taxes. As a result, every quarter, unit owners get a stream of cash flows that are largely tax-deferred.

There is no need to utilize an IRA to delay taxes on MLPs as these investments already offer deferred tax benefits. Instead, you may purchase units in taxable brokerage accounts rather than using an IRA to do so. Additionally, your heirs might be able to benefit from the step-up in cost basis after your passing if you own MLP units in a taxable account. That would significantly reduce the tax obligation associated with investing in MLPs.

3.  Foreign dividend payers

Foreign equities can be a terrific way to diversify your retirement funds, but if you own foreign stocks with large dividend payments in your IRA, you can’t obtain the full tax benefits.

Even while domestic dividends are not taxed in an IRA, most overseas corporations nevertheless take taxes from their dividend payments. These taxes are given to the national government of the business.

You can recover those tax payments thanks to a legislation in the United States called the international tax credit. In this manner, you avoid paying taxes in both the United States and the other nations. But if you hold such dividend payers in an IRA, you cannot claim the credit. Therefore, retaining dividends in an IRA has no tax benefits for you.

There are several treaties between the United States and other countries that exclude shares held in retirement accounts from paying international taxes. For instance, shares of Canadian corporations won’t have taxes deducted from dividend payments made to IRA holders.

Author: Blake Ambrose

Given the steep decline in technology stock prices so far this year—the First Trust Cloud Computing ETF is down 35% so now might be an excellent opportunity to restructure your portfolio while some high-quality cloud businesses are trading at discount prices.

Here are two leading cloud stocks that appear to be excellent buys this month and have excellent long-term possibilities.

1. Autodesk is evolving

Software for the architectural, construction, engineering, and media companies is offered by Autodesk (ADSK -1.98%). The 1982-founded business has been converting to a cloud-based subscription model for the past ten years.

For instance, Fusion 360, a revolutionary cloud platform from Autodesk for production and mechanical engineering, is upending the conventional computer-aided manufacture and design business. Over  Two hundred thousand paying customers now use the program, rising from less than 100,000 just two years ago. According to management, all of its software applications will be reorganized to the Fusion 360 model, which entails yearly cloud subscriptions.

Autodesk has a long runway ahead of it as it makes the switch to cloud-based subscription products, and it appears that it will continue to expand its income quickly for many years to come. Based on the midpoint of its guidance, the stock trades at a forward price-to-free money flow (P/FCF) ratio of 21.5 at a market cap of $43.9 billion. Because so much deferred revenue is lost when analyzing Autodesk’s GAAP (unadjusted) earnings figures, P/FCF is the ideal metric to utilize to assess the stock. Revenue received in advance of the delivery of goods or services is known as deferred revenue.

The current P/FCF multiple is in line with the long-term average of the market and is a fair price for a business with Autodesk’s level of growth potential.

2. Amazon has a monopoly

Amazon (AMZN -1.37%), a pioneer and market leader in the cloud, comes in second. Over the past ten years, its sizable Amazon Web Services (AWS) sector has generated enormous profits for Amazon shareholders.

AWS generated revenue of $19.7 billion in the most recent quarter or $78.8 billion annually. The segment appears to be on track to provide close to $24 billion in operating revenue for Amazon this year, with an operating margin of close to 30% (based on the quarter). The celebration appears to be just getting started, as predictions indicate that the market for cloud infrastructure will expand at a CAGR of 15% to 20% through 2028.

Even though the company is currently trading at a trailing P/FCF of 240, the potential profits from AWS growth for Amazon shareholders might be quite significant and make it worthwhile to purchase.

Buy Amazon stock to keep things simple if you want to own the top infrastructure supplier for the cloud software sector.

Author: Steven Sinclaire

Millions of seniors get a monthly benefit from Social Security, and for many of them, it is the only source of income they will have in retirement. However, following the same path could end badly for you. This is why.

1. Your replacement salary won’t be that high.

The amount of replacement income you’ll require in retirement will depend on a number of variables, including the lifestyle you plan to pursue and the activities you’d want to engage in. As opposed to someone who plans to downsize and devote more time volunteering locally, someone who wishes to maintain a bigger home and frequently travel is likely to require a greater income.

However, on average, you should anticipate needing between 70% and 80% of your prior income to live well in retirement. Social Security will replace around 40% of your pre-retirement earnings if you had an average income. Therefore, it is obvious that you will need other income sources, such as savings, pensions, or part-time work if you want to reach the 70% to 80% threshold.

You could be thinking right now that you can survive on 40% of your prior income. But before you become overconfident, create a sample budget to verify that the math is sound.

Check to discover if you can survive on $2,000 per month if you currently earn $5,000 per month. If not, begin developing a strategy to augment your retirement income so you don’t run out of money.

2. Benefits reductions might be on the horizon

A revenue shortage for Social Security could lead to benefit reductions in the not too distant future. As was previously said, if you make an average income, you can anticipate that the retirement benefits you receive will replace around 40% of your prior earnings. However, Social Security may offer much less replacement income if benefits are reduced.

That’s really all the more motivation to work on saving money for retirement and take other measures to secure your financial future. It’s crucial to be ready for the likelihood that Social Security benefits could eventually be reduced, even if we can’t predict with confidence whether or to what extent they will be reduced.

Avoid putting yourself in a stressful situation.

Your senior years could be terrible if you retire on Social Security alone; you deserve better. Instead, be honest with yourself about how much money your benefits will provide and look for ways to supplement them.

If you’re still employed, you have the option of making contributions to an IRA or 401(k) that you can later access. And that’s a simple approach to minimize some of the financial strain that so many Social Security recipients face now.

There is still hope even if you are nearing the conclusion of your career and don’t have much saved up. Delaying retirement or switching to part-time work would both provide you the chance to save money. You might even find yourself in a situation where delaying your Social Security application will allow you to lock in a bigger benefit than you would receive by enrolling at full retirement age or sooner.

Author: Blake Ambrose

The markets for cryptocurrencies have seen better times. But you’re still well ahead of the game if you bought the biggest cryptocurrency in the world as soon as it was released. Since 2009, Bitcoin has increased by more than 3,250%. You can still be looking at double- or triple-digit returns even if you purchased Bitcoin late.

What if you didn’t, though? Don’t lose hope, if you missed out on Bitcoin in its infancy. It’s a perfect opportunity to invest in emerging cryptocurrencies that may bring long-term growth and hence follow in the footsteps of Bitcoin. Cardano (ADA -0.10%) is the ideal example.

Next up: The Vasil hard fork

Cardano’s fifth anniversary celebration should delight both users and investors. This week, the blockchain will introduce the Vasil hard fork. Cardano’s speed and effectiveness should increase as a result. And that ought to make it more appealing to users and developers.

For instance, the accounting model that will be used by the Vasil hard fork should facilitate more advanced and swifter decentralized apps. Diffusion pipelining will also be introduced by the hard fork. As a result, performance will be improved and Cardano’s data handling capacity will rise. Blocks of data currently go through a number of processes. Pipelining enables some of these procedures to take place concurrently.

Cardano has already made a lot of strides as of right now. On the blockchain, there are more than 3,200 scripts written in Plutus, the native smart contract language utilized by Cardano. There are also 1,100 projects being built by developers. In total, the blockchain has handled over 50 million transactions.

Further down the line, Cardano will introduce its hydra heads scaling solution, which will mark another significant turning point. Certain processes can happen off the main network with a specific amount of participants thanks to hydra heads.

Goals of Hydra

Each hydra head has successfully handled 1,000 transactions per second in testing. The objectives of hydra are to increase the amount of data processed at a given time and the speed at which a transaction is finished.

Cardano may be able to secure the top rank in the cryptocurrency market thanks to the Vasil hard fork and eventually the hydra scaling solution.

The crypto player is currently one of the most well-known. It ranks sixth in terms of market value. However, Cardano’s price has fallen recently, along with the rest of the cryptocurrency market. Over 60% of Cardano’s value has been lost so far this year.

Given the impending and future Cardano advancements, as well as the current pricing of Cardano, now is a wonderful opportunity to invest. The Cardano hard fork is unlikely to immediately increase its price. The Merge, a recent Ethereum update, didn’t help that Crypto.

The economic climate of today

Because they are worried about the economy and increasing interest rates, investors have stayed away from cryptocurrencies. Investors frequently select safer investments in this situation. Cryptocurrency is more dangerous since it is a relatively new sector.

However, economic downturns do not continue permanently. And as things start to get better, interest in risky investments should increase. Due to all of this, cryptocurrency investors will likely need to exercise patience.

Cardano may be a fantastic cryptocurrency to purchase right now if you’re willing to take on risk and commit for the long haul. Cardano may be at one of its most exciting periods of history before its upgrades.

Cardano’s growth may not be as rapid as Bitcoin’s. But over time, it could deliver highly reliable performance. So even if you missed out on the most well-known cryptocurrency player, Cardano still offers a chance for significant cryptocurrency gains.

Author: Steven Sinclaire

It’s not surprising that my portfolio is primarily comprised of dividend-paying stocks as I am an income investor. I firmly believe that dividend stocks’ rising influence and capacity to generate stable streams of long-term passive income simply cannot be matched.

While there are many excellent dividend stocks available for buyers, here’s why National Retail Properties is now my top pick.

Not just another net-lease REIT

The net-lease REIT leases and owns single-tenant retail buildings in a variety of sectors, including, but not limited to, dining establishments, convenience stores, auto repair shops, and entertainment venues. Currently, its portfolio consists of little over 3,300 buildings that are leased to about 370 tenants throughout 48 states.

Net-lease REITs are reputed to be reliable dividend payers. Companies like Federal Realty Trust and Realty Income both boast dividend growth for the last 25 years or more. This is mostly a result of the net-lease industry’s dependability. However, the acquisition approach of National Retail Properties sets it apart from the competition.

Investment-grade tenants are not directly leased by National Retail Buildings from its properties. Instead, it purchases retail real estate in active real estate markets that is leased to smaller, local businesses. Due to decreased competition, the corporation may purchase goods at more favorable prices.

Acquisitions of investment-grade tenants are made possible by the net leases’ lengthy tenure and National Retail’s meticulous selection of real estate investments. 7-11, Camping World and Mister Car Wash are the top three tenants of the REIT, and together they provide around 13.5% of its yearly revenue. The majority of these businesses, however, have not been directly dealt with by the REIT.

Although it is susceptible to recessionary risks, its susceptibility is lessened by the diversity of its portfolio across the nation and in a broad range of industries. National Retail collected 99.6% of the rent that was due in Q1 of 2022, and its portfolio was 99.1% occupied as of Q2 2022.

Conservative balance sheet

The balance sheet of National Retail is strong, especially when compared to its two closest net-lease competitors, STORE Capital and Realty Income. Its dividend payment ratio is 67% as compared to adjusted funds from operations, a crucial indicator of REIT profitability. This suggests that the business has enough cash to keep paying its dividend and maybe even increase it in the foreseeable future.

Its debt-to-EBITDA ratio of 5.5 is among the best among its nearest competitors and one of the lowest in the net-lease REIT sector. It has a credit grade of BBB/Baa1, and it has $30 million in liquid assets to fulfill the debt maturities due in 2023. Additionally, it is the greatest value purchase among its net-lease competitors due to its price, which is 15.5 times AFFO.

It is simple to pay dividends, but it is far more difficult to preserve and increase them without sacrificing shareholder value. Therefore, it truly speaks something about a company’s quality of business when it can regularly grow dividends over many years.

National Retail Properties is the equivalence of a Dividend Aristocrat due to its 33-year streak of dividend increases. It increased its payout by 72% during the previous 20 years, giving it a 5% dividend yield today—more than double the S&P 500’s.

Additionally, it has delivered a roughly 11% annualized total return over the previous 25 years, outperforming the S&P 500. National Retail Properties is an obvious long-term winner for dividend investors and a fantastic bargain buy right now given its superb dividend track record, capacity to grow its portfolio, and recent stable performance.

Author: Steven Sinclaire

Even the finest investors in the world are unaware of all the available investment alternatives since there are so many of them. Beginners may be intimidated by the vast number of stocks, cryptocurrencies, and other assets available, but it’s actually pretty easy to get started.

Everyone has different investing objectives and time frames, but if I could only invest in one product, I’d go with one that works well for a lot of people.

It checks off a number of crucial boxes

When investing, you want to increase profits while lowering your chance of suffering a loss. So, there are a few things you should pay attention to. First, you should put money into reputable businesses. These businesses generally have an edge over their rivals, such as a well-known brand, an original product, or affordable costs.

You should consider a company’s long-term growth potential rather than its previous success when determining its worth to you. Only invest in firms you think will do well during this time period as you should ideally retain your investments for at least five to seven years before selling them.

Protecting your nest egg also requires diversifying your savings. Most individuals achieve this by making investments in several businesses across various industries. However, diversification doesn’t necessarily require a lot of independent assets.

By making an investment in an S&P 500 index fund, you acquire ownership interests in 500 of the biggest publicly listed firms in the U.S. This distributes your funds among several businesses, many of which are leaders in their respective fields. The S&P 500 index has a compound average annual growth rate of 10.7% every year. Even many of the best actively managed mutual funds are unable to compete with that, especially when costs are taken into account.

The expense ratios, or yearly fees that all owners must pay, on S&P 500 index funds are among the lowest available. In certain circumstances, they are as low as 0.03%. This implies that for every $10,000 you have put in the account, you only pay $3 every year. And that allows you to keep much more of your money.

How to pick one to invest in

S&P 500 index funds are offered by several businesses. Usually, “S&P 500” appears somewhere in their name. They are all quite similar, although there may be small variations in the amount of your money invested in each stock and the costs you incur.

Before deciding which one to invest in, evaluate a couple of them. To decide which gives the most value, compare their performances to the index as a whole and the cost ratios you’ll incur to purchase the funds.

A few notes

While an S&P 500 index fund might be a fantastic basis for your portfolio, it is not without its drawbacks. For starters, it retains all of your funds with big, U.S.-based corporations while somewhat diversifying them. For example, to further diversify your portfolio, you might want to put some money into foreign equities.

Additionally, especially if you’re close to retirement, you generally don’t want to invest all of your funds in equities. You may preserve what you have by transferring a portion of your money to bonds or other less hazardous assets. As a general guideline, invest 110 minus your age in equities and the remaining amount in bonds. Therefore, if you’re 40, you should have 70% of your portfolio in equities, and if you’re 50, 60%.

Regardless of the type of investment you choose, you must also be ready for some ups and downs. Don’t worry too much if you occasionally lose a little money; even the most reliable corporations experience good and poor quarters. Keep your eyes on the big picture.

Author: Steven Sinclaire

Seniors are finding it harder and harder to make ends meet on Social Security, especially as inflation keeps rising. Legislators have been discussing various ideas to enhance Social Security for seniors for years.

President Biden has enormous ambitions for Social Security even though none of the legislative changes have went into effect. The four most important modifications he suggests are listed below.

1. Improve the method inflation is measured.

The cost-of-living adjustment (COLA), which is often given to seniors, is intended to help Social Security keep up with inflation. COLAs, however, have historically performed poorly in that regard. According to the Senior Citizens League, benefits have lost around 40% of their purchasing value since 2000.

This is in part because the Consumer Price Index for Clerical Workers and Urban Wage Earners serves as the basis for the yearly COLA (CPI-W). The information looks at the spending patterns of those under the age of 62, which might differ greatly from those of retirees.

President Biden and other politicians have suggested resolving this issue by calculating yearly COLAs using the Consumer Price Index for the Elderly. This measure is closer to how seniors really spend their money, which could make it simpler for benefits to keep up with inflation.

2. Increasing taxes on Americans with wealth

Social Security is struggling with both inflation and a cash flow issues. Right now, it spends more on benefits than it takes in through taxes. Benefit reductions of up to 20% may thus be necessary by 2035.

The program must get more financing if cutbacks are to be avoided. Payroll taxes would be raised by Biden for anyone making more than $400,000 annually.

Currently, Social Security taxes are levied on income up to $147,000 per year. The Biden plan wouldn’t alter that. The income range of $147,000 to $400,000 would not experience a rise in taxes. But if your annual income is beyond $400,000, you’ll have to pay Social Security taxes on it.

This plan would greatly enhance Social Security’s funding and potentially avoid future reductions in benefits. According to a 2022 University of Maryland study, 81% of Americans, representing both political parties, support it, making it one of the ideas with the highest likelihood of passing through Congress.

3. Increase benefits for retirees over 65

An increase in benefits for persons who are 80 years of age or older is another suggestion that is being considered. This will not only help older people keep their purchasing power, but it will also aid retirees whose funds are running short. This idea suggests raising benefits by around 5%, while nothing is definite at this point.

According to the University of Maryland, just 53% of Republicans and 56% of Democrats support this idea, making it one of Washington’s most controversial ones. However, if it were to become law, it may offer elderly retirees much-needed relief.

4. Increase the amount of the minimal benefit.

Finally, President Biden has suggested raising the minimum benefit amount for people who have worked at least 30 years from $951 per month to $1,341 per month. According to the University of Maryland, this proposal would result in an additional 7% financial shortfall for Social Security. But a few hundred dollars more per month may go a long way for the millions of seniors who rely on Social Security to make ends meet.

All of these proposals have not yet been approved by Congress. However, if they do get into law, they might significantly alter Social Security in the upcoming years and lower the cost of retirement.

Author: Steven Sinclaire

If you want to accumulate money over the long run, don’t limit your search to growth companies. The importance of dividend stocks in your portfolio can’t be understated. This is true with Hormel Foods (HRL 0.20%) and Realty Income (O -1.39%), both of which may be worth purchasing.

Historically Cheap 

The dividend yield for food manufacturer Hormel is now about 2.3%, which is towards the top of the historical yield range for the business. That implies that the stock is now rather inexpensive and may be worthwhile for long-term income investors to purchase. That’s true even if the yield of 2.3% isn’t exactly mind-blowing in terms of absolute value. The main factor is dividend growth.

Due to its portfolio of well-known food brands, Hormel has been able to raise its dividend at an average annualized rate of nearly 13% over the previous ten years. Over that time, the quarterly dividend’s value has grown by almost 240%. That is a significant increase in dividends. The intriguing part is this, though: Stocks often move in a range of yields. Therefore, the yield has remained mostly stable throughout time even if it is historically high now. The stock rises in tandem with the dividend, which is how it happens. In the last ten years, the stock price has increased by around 220%. For comparison, the S&P 500 Index has increased by nearly 180% during the same time period.

It’s also important to note that Hormel is a very elite Dividend King, having had yearly dividend increases for more than 50 years. Therefore, the decade-long trend of dividend increases is not unusual; rather, it is the rule. Hormel is a brand to take into consideration right now if you want to make your retirement more comfortable.

The value of reinvesting dividends

Above, the S&P 500 comparison was made only on price change. When you reinvest dividends, true magic may happen; a prime example is the sizable real estate investment trust Realty Income. The S&P 500 has increased 345% over the last 20 years, while Realty Income shares have gained about 310%. But Realty Income has a prodigious track record of delivering dividends (it is a Dividend Aristocrat).

If all of the dividends had been reinvested, Realty Income’s total return—which includes reinvested dividends—would have been a staggering 1,100%, as opposed to the S&P 500 index’s about 550%. That demonstrates the dividend reinvestment strategy’s strength. And all of a sudden, despite the fact that the average historical dividend increase in this REIT has been a very small 4% or so, this REIT and its around 4.4% yield start to appear much more appealing.

Realty Income is also one of the biggest net lease REITs, which means that even while it owns buildings, most of the running expenses at the property level are covered by its tenants. In fact, this REIT has the capacity and scope to take on transactions that its competitors couldn’t even consider, with over 11,000 properties, a $40 billion market valuation, and an investment-grade rated balance sheet. Since there is no reason to believe it will relinquish its position as the industry leader, the future is certain to become larger and better. For long-term investors, this market leader is well worth the admittance fee.

Do not disregard dividends.

Hormel demonstrates how quick a stock price increase may result from quick dividend growth. Realty Income exemplifies the potential of dividend reinvestment and modest, consistent dividend growth. Don’t disregard dividends in favor of growth equities if you want to have a wealthy retirement. And if you take the time to do some research, both Hormel and Realty Income may fit into your portfolio right now.

Author: Steven Sinclaire

Some reliable stocks now appear absurdly undervalued as a result of the recent market slump. This is the situation with pharmaceutical behemoth Pfizer (PFE -0.94%), a market leader in coronavirus vaccines and a producer of numerous other drugs.

The stock presently has a forward price-to-earnings (P/E) ratio of 7.4, which is extremely fair. This is in contrast to the industry-wide P/E of 12.5 for the pharmaceutical sector. Additionally, Pfizer has a lot to offer, including strong long-term growth prospects and a tempting dividend.

The pharmaceutical company may be underperforming the market this year, but a closer examination of the business reveals that it is a wise investment for the long run. See why, will we?

Thinking past the pandemic

This year, some COVID-19 vaccination leaders have significantly underperformed the market. Both Moderna and Pfizer’s associate BioNTech are on this list. Investors appear to be concerned about this sector’s dubious long-term prospects. After this year, there will almost surely be a decline in the market for coronavirus vaccinations, and it’s possible that these businesses won’t be able to maintain their recent surge in sales and profits.

This argument has some merit, however Pfizer differs from Moderna and BioNTech in that it offers a wide range of products unrelated to coronaviruses. However, the company’s lineup as a whole isn’t doing that well.

On an operational level, Pfizer’s overall revenue in the first quarter climbed by 53% year over year to $27.7 million. However, excluding the contribution from its COVID-19 products, the company’s operational revenue only increased by 1% year over year. Significantly less impressive.

Nevertheless, even though the need for coronavirus vaccinations and treatments may decline starting next year, it won’t disappear entirely. Most likely, people will keep looking for protection from COVID-19, especially those who are most susceptible to problems. Those who get sick will still have access to treatments.

There is some indication that COVID-19 has a substantially greater fatality rate than the flu, despite the fact that the two diseases are spread identically. Every year, patients receive flu injections to protect themselves. We may, therefore, reasonably anticipate individuals doing the same for COVID-19 going forward. Because of this, Pfizer’s products in this sector will continue to bring in some money and enable the company’s overall sales to move in the correct direction.

In 2023, Pfizer will have difficult year-over-year comparisons, but after that, the company’s current product line should still be able to provide positive results.

Author: Steven Sinclaire

There are many areas of the Social Security program that require reform, but one of the most urgent concerns is how cost-of-living adjustments (COLAs) are determined. By ensuring that benefits rise in line with inflation, COLAs are meant to protect Social Security’s ability to keep up with rising prices. Many experts, however, contend that the math is incorrect.

The Senior Citizens League reports that since 2000, COLAs have increased Social Security income by 64%; but, over the same period, the median senior’s expenses have increased by 130%. Since COLAs have entirely failed to keep up with growing costs, Social Security payouts have lost 40% of their purchasing power.

Numerous experts are asking for a move that would give retirees thousands of dollars more.

How to compute cost-of-living adjustments (COLAs)

Since 1972, the Social Security Administration (SSA) has used the Consumer Price Index for Urban Wage Earners and Clerical Workers to watch inflation and determine COLAs (CPI-W). The CPI-W from the Q3 of every year is specifically contrasted with the CPI-W from the Q3 of the previous year. The COLA for the next year is the percentage increase, if any.

At first sight, that appears to be fine, however there is an issue. The CPI-W is based on purchases made by office employees and hourly income earners, and working-age people often have different spending habits than seniors do. For instance, the retired population typically spends more on housing and healthcare, whereas the working population typically spends more on schooling, clothes, and transportation.

To that purpose, the Consumer Price Index for the Elderly (CPI-E) is regarded by many professionals and lawmakers as being a superior choice. It naturally accentuates the spending categories that are most pertinent to retirees because it is based on purchases made by people 62 years of age and older.

How much of an impact? Over the past two decades, the average retired worker would have gotten $5,800 more in retirement benefits if the CPI-E had been used to determine COLAs.

Author: Blake Ambrose

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