Welcome back to Life is Rich.
Before we kick off Memorial Day Weekend, let’s take a look at some of our favorite headlines from the week.
With pool season officially upon us, let’s dive in.
Data: FactSet; Note: Gold and silver prices are per ounce; Chart: Jacque Schrag/Axios
We’ve heard of the FAANG and now MAMAA stocks. But there’s a new investing acronym in town.
Bitcoin, Ethereum, gold, and silver — collectively called BEGS — are soaring to all-time highs. Gold benefits from geopolitical tensions, Ethereum from ETF hopes, and silver from industrial demand. As for Bitcoin? It’s anyone's guess.
BEGS, which thrive on low interest rates, seem to be the flashy new must-haves, replacing the old SWAG (silver, wine, art, gold). While the collectibles market flounders, BEGS are blazing hot.
One might call the current market a golden goose laying BEGS. We’ll blame Axios for the dad joke — they did it first!
Visual Capitalist
If you follow Savvly, you know we talk about increasing life expectancies a lot. Visual Capitalist recently released this cool visual showing this in action.
Average life expectancy at birth is projected to surpass 80 years in most global regions by 2050, according to the UN World Population Prospects 2022. This image shows life expectancy at birth for both sexes, with data from 1950 and 2000, as well as the projections for 2050. See more here.
Pass the olive oil, please.
By blending brain scans with diet data, a study from the University of Nebraska-Lincoln and the University of Illinois reveals that the Mediterranean diet may slow brain aging.
Researchers found that older adults with "younger" brains had higher levels of fatty acids, carotenoids, choline, vitamin E, and antioxidants. This nutrient profile aligns with the Mediterranean diet's emphasis on whole grains, fruits, veggies, fish, and healthy fats.
The next step? Testing specific nutrients as brain-boosting nutraceuticals.
Jamie Dimon, CEO of JPMorgan Chase, hints that his retirement is closer than ever. He said his retirement is “not five years anymore” when asked about how long he planned to remain at the top job. The largest US bank is “well on the way” with its succession plans.
Read more here.
TheStreet just put out an interesting article about the ongoing retirement dilemma. Saving for retirement is the biggest challenge, followed very closely by deciding where to invest. While the challenges are simple, the do-it-yourself contruct is the biggest barrier to people's retirement.
The other big issue is access.
"Half of people don't have retirement accounts at work. And that's been true for decades… There is absolutely no sign that employers feel they have to have a retirement account at work.”
- Teresa Ghilarducci, Professor of Economics, New School for Social Research
Hmm…. if only there was a better way… ;)
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The most common way to add long-life protection and financial security to your retirement game plan is through buying an annuity. This investment option is popular for good reason — it provides a regular monthly income on top of Social Security.
In the latest Savvly blog, we break down annuities and their benefits and shortcomings.
As AI Race Heats Up, A ChatGPT For Music Just Raised $125 Million
An Indiana judge recently ruled that tacos are sandwiches. Are they?
60% of Americans say reaching this milestone makes them financially successful
Are You Aging Well? These Mobility Tests Can Help You Find Out
16 Colorado Food and Drink Festivals Worth Planning a Trip Around
Why Every Parent Should Consider a Roth IRA for Their Children
The internet is losing it over the “fully conscious” baby who’s really excited to go to the Four Seasons hotel in Orlando… Here’s a rundown of the best memes that have come out of the madness.
Got a story recommendation or idea to share for our next article? Let us know at marketing@savvly.com.
Have a great weekend!
Team Savvly