Unemployment rises in 12 year high for major urban areas
Washington reports the number of major urban areas with substantial unemployment reached a 12 year high last week as three new cities Canton Ohio Lorain Elyria Youngstown Warren joined the list. Indiana cities South Bend Terre Haute dropped and eight smaller areas were removed from the list based on August and September data.
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Annuities and Inflation Concerns in Retirement Planning
A reader argues that lifetime income annuities offer tax shelter and steady payouts but warns they can erode purchasing power and may not outperform quality bonds or other income sources. Advice suggests comparing annuities to bonds and considering lump sum purchases timing for best retirement income.
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