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Renting out a home is a popular form of passive income because it doesn’t require a lot of time or energy and offers various tax breaks. But it can be risky when interest rates move higher.

See: The Ultrarich Plan to Conserve Their Wealth in 2023 — What’s the Strategy?Prepare: 3 Things You Must Do When Your Savings Reach $50,000Explore: Inflation Above 2% Means Overall Cost of Buying Home or Car Won’t Drop

Many landlords rely on debt to fund their home purchases, the Wall Street Journal reported. That’s especially true at the sta…….

Have you ever wondered if there’s a single number that will tell you when you’ve “made it” financially? There is one in fact: the “4% rule.”

The 4% rule is a rule of thumb used by most financial advisors that withdrawing a maximum of 4% of your portfolio per year will allow you to live indefinitely on your savings. The rule is based on 75 years of stock market history, and while there’s debate about what the exact percentage should be, flipping the rule around (1/.04) means that you need to save 25 times your annual spending to be “set for life.”

Ever since …….

Fast-forward to today, and the Fed’s ongoing inflation fight has once again spurred a mortgage rate shock. This spike in mortgage rates, which are up from 3.22% to 6.48% over the past 12 months, has pushed the U.S. housing market into a full-blown housing correction.

On one hand, 6% mortgage rates are hardly historically abnormal. On the other hand, that 3.22-percentage-point jump in mortgage rates over the past year has delivered an affordability shock that’s similar to the one dealt in 1981 when mortgage rates climbed 4.9 percentage points to 18%.

See, it’…….

Stocks advanced Tuesday as investors continued building on the new year’s early rally while waiting for economic data and corporate earnings coming later in the week.

The Dow Jones Industrial Average gained 186.45 points, or 0.56%, to end at 33,704.10. The S&P 500 traded up 0.70%, to close at 3,919.25 points.

The Nasdaq Composite led the major indexes for another day, adding 1.01% to end the session at 10,742.63. The average has rallied for the past three sessions as optimism over cooling inflation pushed investors to beaten-up technology stocks. It was the index’s first thr…….

Jan 10 (Reuters) – Coinbase Global Inc (COIN.O) said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs for the cryptocurrency exchange since last year.

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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Reduce exposure to tech Watch for health care buying opportunity Eyeing an industrial play 1. Reduce exposure to tech Stocks inched up on Tuesday, with the Nasdaq Composite rising 0.22% in midmorning trading. The tech-heavy index has been on the upswing since Friday’s robust rally, which provides a chance to lighten up on stocks like Microsoft (MSFT) — a move we made on Monday . The tech sector continues to be overvalued in a market that doe…….

We’re thrilled to announce that Andreessen Horowitz is leading the seed investment in Seidr AB who are building the next generation of midcore cross-play games. Based in Stockholm, a hotbed of games innovation, Seidr’s founding team are Adam Schaub and Marcus Jacobs. This duo has more than 40 years of games experience combined as senior leaders at some of the world’s top gaming companies.

In getting to know them, we were impressed by Adam and Marcus’ deep experience building out high performing game teams and scaling games businesse…….

Finding the right retirement strategy can be difficult amid a volatile stock market and inflation. But there are ways to safely save, Senior Retirement Planner Ken Moraif, at the Retirement Planners of America, told Yahoo Finance Live (video above).

First, Moraif said that workers close to retirement should just diversify a small amount of their portfolios to maximize returns and reach their retirement goals.

“Risk control is incredibly important in our view. We have a philosophy that says you should only take as much risk as is necessary to accomplish your financial goals. Ri…….

We on the Globe and Mail personal finance team have our favourite contacts – the people we like to talk to the most because they offer value for our readers in clarity, insight and integrity. One of these people is Shannon Lee Simmons, a certified financial planner (CFP) who has been quoted in stories and interviewed on the Stress Test personal finance podcast for Gen Z and millennials. Ms. Simmons has a new book out – No-Regret Decisions: Making Good Choices During Difficult Times. On the basis that we’re living in difficult times rig…….