The October employment report was not just good, it was great. The economy added 250,000 jobs, the unemployment rate remained at a 49 year low of 3.7 percent and workers enjoyed the best annual wage growth in nearly a decade (April 2009).
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There’s a FIRE spreading in the world of personal finance. FIRE is the acronym that stands for “Financial Independence, Retire Early.” It’s popular with Millennials (which Pew Research now defines as anyone born between 1981 and 1996, or ages 22 to 37 in 2018) who want to escape soul-sucking jobs that don’t reflect their values. The movement has added to the chorus of naysayers, who complain about the generation’s work ethic, but I believe that FIRE followers are doing what they should be doing: taking control of their financial lives.
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Healthcare inflation has outpaced the overall rate of price increases over the past twenty years. While costs have slowed, they are still projected to rise by 4.2 percent over the coming 20 years, according to research from HealthView Services. Please feel free to sigh, complain or yell right now. Now let’s move on to what you can actually control in this process: the choices you make for health insurance coverage.
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Investors have rediscovered market volatility. After a relatively placid three months, when stocks did not move more than one percent in either direction, the October sell off has reminded everyone why investing remains a dangerous activity.
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