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Inflation isn’t enough of a hardship withdrawal, but you can get money out of your pension if you follow these rules.

There are strict rules for withdrawing money from a 401(k) or IRA that you need to know if you need access to your savings. read more

“The recession debate is not a parlor game.” the recession will hit low-income people the hardest, says Moody’s Zandi.

Mark Zandi, chief economist at Moody’s Analytics, said the Fed should be “careful not to overdo monetary tightening and push the economy into recession.” read more

Inflation has hit Americans’ wallets hard this year. Here’s what they plan to do about it in 2023.

As consumers look to their finances, could a year-end deal on Capitol Hill help? read more

Brooklyn bishop robbed during sermon indicted on federal fraud and racketeering charges

Lamore Whitehead, who made headlines when gunmen stole $1 million in jewelry from him, is accused of ripping off parishioners and lying to the FBI. read more

LEDs will replace all traditional light bulbs under the Biden administration’s rules

The light bulb efficiency rules will effectively phase out CFLs and force households to switch to LEDs. read more

Builder sentiment declined every month in 2022.

Homebuilder sentiment fell for a 12th straight month as inflation, interest rates and construction costs remained high, according to the National Association of Home Builders. Read more:

Buying gifts? Why “buy now, pay later” can be a dangerous option for many holiday shoppers

If you can’t afford full price now, what makes you think you’ll be able to afford it in six weeks? read more

Car buyers face toughest credit market in more than a year, but there’s good news

The average price of new cars is now a record $48,681, and access to auto loans tightened in November. But there is one bright spot. read more

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