RET News & Analysis
3 articles
Market Mood
Financial Military: $100,000 Boat Advice Sparks Debate on Net Worth
A podcast caller asked for advice on purchasing a $100,000 boat, exceeding his annual income of $90,000. Host Dave Ramsey stated purchasing decisions should consider net worth rather than income. A $100,000 boat is affordable at 3% of a $3 million net worth but reckless at 40% of a $250,000 net worth. The conversation emphasizes the 'burn test' to assess true affordability and highlights that low savings rates (4% in Q1 2026) can endanger retirement plans for most Americans.
Read More
Retail Sector Adds 22,000 Jobs in April as Consumer Spending Holds Steady
In April 2025, retailers added nearly 22,000 jobs, representing almost one-fifth of total job growth, while retail employment reached approximately 15.5 million, the highest since July 2024. Rising consumer spending reportedly supports this hiring surge, despite warnings of economic pressures from rising gasoline prices and geopolitical tensions. Furthermore, retail job openings increased by 48% compared to the previous year, indicating optimism in the sector. However, concerns persist about declining consumer sentiment amidst various economic challenges, which could impact future spending.
Read More
Social Security Earnings Limits Increase to $24,480 and $65,160
Social Security recipients can continue working after claiming benefits, provided they are at least 62 years old. For those not reaching full retirement age in 2026, the earnings limit is $24,480, up from $23,400 in 2025. Earnings above this threshold reduce benefits by $1 for every $2 earned over the limit. For individuals hitting full retirement age in 2026, the limit rises to $65,160 from $62,160, with benefits reduced by $1 for every $3 earned over that amount. These thresholds are adjusted annually based on the national average wage index.
Read More