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☆ The stock market is sending retirement account balances soaring. Here's why experts say retirees still need to tread carefully.
▼ + stars: | 2024-03-30 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +5 min

Stellar stock-market returns have boosted Americans' retirement account balances. The number of 401(k) millionaires is up and average account balances are the highest in two years. Markets are volatileInvesting experts also caution against the belief that the market will keep producing strong returns year after year. Markets are up big (+20%) or negative nearly two-thirds of the time whereas 'average' returns (0-20%) only happen about a third of the time," Anderson wrote. Future uncertainty often brings a "sequence of returns risk" that's overlooked by early retirees.

Persons: —, Brian Spinelli, Halbert Hargrove, Aaron Anderson, Spinelli, Stocks, Anderson, boomers Organizations: Service, Fidelity, Fisher Investments

☆ What it’s really like to go to the Super Bowl
▼ + stars: | 2024-02-10 | by ( Harmeet Kaur | Scottie Andrew | ) edition.cnn.com time to read: +14 min

The person who attended the Super Bowl nine timesMike Quackenbush has been to the Super Bowl nine times — but he didn’t personally pay for tickets because, technically, he was there on business. It’s a great event and I was super lucky to go all those years.”The first-time Super Bowl attendee who went during the pandemicChelsea Bear was all smiles at the 2021 Super Bowl. Lennox McLendon/AP Most rushing yards in a Super Bowl: Washington quarterback Doug Williams won the Super Bowl MVP award in 1988, but rookie running back Timmy Smith set a Super Bowl record that year with 204 rushing yards against Denver. Ezra Shaw/Getty Images Longest pass in a Super Bowl: Carolina wide receiver Muhsin Muhammad caught an 85-yard touchdown pass from Jake Delhomme during Super Bowl XXXVIII in 2004. Paul Sancya/AP First score in Super Bowl history: In the first quarter of what we know now as Super Bowl I, Green Bay Packers wide receiver Max McGee scored a touchdown on a 37-yard pass from Bart Starr.

Persons: who’ve, who’d, —, he’d, Mike Quackenbush, didn’t, Quackenbush, Washington Redskins —, ”, he’ll, Peyton Manning’s, it’s, It’s, Bear, Chelsea Bear, Chelsea Bear’s, Chloe, ” Bear, couldn’t, Tom Brady —, I’ll, San, Judy Abad, “, Steve Young, Tom DiPace, Tom Brady, Brady, John David Mercer, Jerry Rice, Lennox McLendon, Doug Williams, Timmy Smith, Bob Galbraith, Rod Martin, Jeff Roberson, Bill Belichick, Belichick, Al Bello, Baltimore's Jacoby Jones, Ezra Shaw, Muhsin Muhammad, Jake Delhomme, Brian Bahr, Willie Parker, Paul Spinelli, Pittsburgh's James Harrison, Kurt Warner, Leon Lett, Lett, Buffalo's Don Beebe, Rick Stewart, Manny Ramirez, Peyton Manning, Denver's Knowshon Moreno, Paul Sancya, Max McGee, Bart Starr, McGee, Neil Leifer, Scott Norwood, Phil Sandlin, Abad, ” Abad, Mike Ryan, Chris Jeter, Ryan, Patrick Mahomes wasn’t, “ I’d Organizations: CNN, Super, Kansas City Chiefs, San Francisco 49ers, NFL, Super Bowl, NFL Players Association, Bowls, Washington Redskins, Buffalo Bills, Chelsea, Chiefs, Tampa Bay Buccaneers, South Florida, Bucs, New England Patriots, Philadelphia, Patriots, Atlanta, USA, Cincinnati, Famer, Washington, Denver, Oakland, Raiders, Philadelphia Eagles, New, New York Giants, Ravens, San Francisco, Getty, Pittsburgh, Dallas Cowboys, Rose, Green Bay Packers, San, 49ers, Buffalo, Bills, Kansas City, Bowl, I’m Locations: Tampa, San Francisco, Diego, Francisco, New England, Carolina, Denver, Seattle, Kansas, Miami

☆ A 12% retirement return assumption is 'absolutely nuts,' expert says. Here's a realistic rate to expect
▼ + stars: | 2024-01-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

GlobalStock | Getty ImagesReturn assumptions as a lesson on compoundingThe point of the example was not to expect a 12% average rate of return on your money, Orman tells CNBC.com. Why 12% is an optimistic benchmarkThere's a reason that 12% tends to be used as a benchmark, according to Blanchett. How much retirement savers can expect to earnSo how much can you realistically expect to earn on your retirement investments? The first example with a 12% average rate of return is to illustrate the power of compounding. How your personal rate of return may varyTo be sure, no rates of return are guaranteed.

Persons: Orman, CNBC.com, Young, Roth, Ramsey, Blanchett, It's, " Blanchett, Brian Spinelli, Spinelli Organizations: IRA, Fidelity, Global, CNBC's Locations: Long Beach, Calif

Travelers are looking to cruises in 2024 because they are still cheaper than land-based alternatives. With occupancy levels approaching pre-pandemic levels, operators plan to hike prices in coming months. "Overall the market is extremely strong, especially the top end of the market in terms of the most high-end luxury cruises," said Bob Levinstein, CEO of cruise marketplace Cruise Compete. Even as travelers have canceled or postponed planned vacations to the Middle East, cruise bookings will still hit record levels in 2024, said Truist Securities analyst Patrick Scholes. Prior to the Oct. 7 attacks in Israel, industry-wide bookings for 2024 were about 25% higher than in 2019 for bookings in 2020.

Persons: Queen Mary, Andrew Kelly, Bob Levinstein, Patrick Scholes, Scholes, Jason Liberty, Josh Weinstein, Atle, Kari Dillon, Dillon, InteleTravel, Dave Spinelli, Ben Harrell, Granth, Marguerita Choy Organizations: Cunard Line, Carnival Corporation & plc, Brooklyn Cruise, REUTERS, Travelers, Truist Securities, Cruise Lines International Association, Royal Caribbean, Liberty ., Holdings, Cruisers, Thomson Locations: Brooklyn, Brooklyn , New York City, U.S, BENGALURU, Israel, Caribbean, Oslo, North Carolina, Florida, InteleTravel, Delray Beach , Florida, Royal Caribbean, Bengaluru, Doyinsola, New York

Planet Fitness said it is searching for its next chief both internally and externally. He's a franchisee of both Planet Fitness and Dunkin' Donuts and has been on Planet's board for six years. During his time as CEO, Rondeau led Planet Fitness's IPO and tripled its club base from about 700 to about 2,400 locations. "As we enter the next chapter of Planet Fitness' journey, the Board felt that now was the right time to transition leadership," Planet Fitness Chairman Stephen Spinelli Jr. said in a press release. "In today's evolving environment, Planet Fitness is continuing to enhance our competitive advantage, capitalize on our size and scale, and drive further shareholder value."

Persons: Chris Rondeau, Craig Benson, He's, Rondeau, William Blair, Sharon Zackfia, Zackfia, Rondeau couldn't, Michael, Marc Grondahl, it's, " Rondeau, Stephen Spinelli Jr Organizations: Planet Fitness, Planet Locations: New Hampshire, Dover , New Hampshire

☆ A real-estate investor with a 26-unit portfolio shares 2 strategies new investors can use to buy property with no money down — and 7 pieces of advice for getting started
▼ + stars: | 2023-07-25 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

She shared two that involve no money down: using hard money loans and credit cards. And to get there, they've used a couple of financing strategies that have allowed them to purchase homes without their own money. One is a strategy that many probably don't realize is even possible — they bought a $60,000 property using credit cards. The site allows would-be investors to pool money from multiple credit cards to put towards a property. When the Spinellis used a hard money lender, they borrowed enough to buy the property and fix it up.

Persons: Camille Spinelli, Joe, they've, Spinelli, we've, Camille Organizations: Rocket Mortgage, Mortgage News Daily, FHA Locations: New York , New Jersey, California

☆ A real-estate investor and high-school dropout shares how she built a 26-unit portfolio that generates up to $10,000 a month — including strategies that involve no money down
▼ + stars: | 2023-07-20 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

While juice wasn't her ticket to financial independence, real-estate investing has been. "Coming from my background, I thought that was something that was just really unattainable, that was only something rich people did," she said about real-estate investing. Initially, Spinelli got into real-estate investing by accident. The Spinellis immediately starting paying down the debt with rent payments. They borrowed $50,000 on a five year term, and paid it back over three years via rent payments.

Persons: Camille Spinelli, Joe, they've, Spinelli, they're Organizations: Fund Locations: Virginia, Myrtle Beach , South Carolina

☆ Some older workers have fond memories of sleeping at the office, but the Elon Musk-style 84-hour workweek is falling flat with younger Americans
▼ + stars: | 2022-11-20 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Some Twitter employees are working 80-hour weeks and sleeping at the office. Some older workers have fond memories of sleeping at work, but younger Americans aren't on board. Americans are divided on what to make of this, and a workplace-culture expert believes the schism reveals a generational divide. But younger workers are unlikely to buy in, said the best-selling author and workplace well-being expert Jennifer Moss. While older generations worked through the dot-com craze and the rise of Silicon Valley hustle culture, younger workers are changing attitudes around how far you need to go for your job.

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