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Monday 9 August 2021

The Daily Money: Catch-up contribution limits to rise?

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In today's Daily Money newsletter, we have insights on remote work, mask mandates and retirement account contribution catch-up limits. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Monday, August 9

Good morning, it's Nathan wishing you a happy week ahead!

⛰️ Would you move to the Ozark Mountains to work remotely in exchange for $10,000 and a mountain bike

This social media strategist took the deal, and then she bought a 3,400-square-foot, four-bedroom house for $405,000.

She's among the Americans being enticed by communities that are offering incentives to remote workers to come set up shop. At least 45 are doing so, including Northwest Arkansas, Vermont, Nebraska, southwest Michigan and Morgantown, West Virginia.

Check out Paul Davidson's fascinating story on this trend.

On to our ... 

💡 INSIGHT OF THE DAY: What do construction managers, transportation inspectors and air traffic controllers have in common? Their salaries each average more than $100,000. And here are four other jobs with pay averaging over $100K.

⌚ WHAT TO WATCH FOR: Starting Wednesday, we'll be publishing a series of stories on the risks and opportunities for young investors as stocks hit record highs and new assets, like cryptocurrencies, emerge. Know a young investor who should see this? Tell them to subscribe for free to The Daily Money here!

📰 And here are more stories you won't want to miss:

1. Ready to sell your used vehicle? You may be surprised by its value.

2. Mask mandates are back at many businesses. They say they have to do whatever they can to stay open.

3. Multiple bills in Congress would raise the limits on catch-up contributions to retirement accounts. And there seems to be some bipartisan support.

4. Is it smart for retirees to sell their houses while the market is hot? Here's how to decide.

5. It's finally open: Canada is reopening its border, starting today, to fully vaccinated Americans. But here are 11 things you need to know if you're planning a trip up north.

6. McDonald's latest celebrity-themed meal is here. It's the Saweetie Meal and it includes ... wait for it ... a side of "Saweetie 'N Sour" sauce.

7. Facebook is rolling out a prayer-request tool: Users can tap "I prayed" to tell their friends they're supporting them.

🙏 Sometimes I think it's Facebook that needs the prayer.

--@NathanBomey

Carel-Lee Reisman, Theodore Reisman and their dog, Onyx
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