Why You Should Save For Retirement Over Education: Money in 60 Seconds

What should be a bigger priority for me: saving for my children's education or saving for retirement?

This one hurts me. It hurts me to say this, because I've got children, and I really like 'em a lot. It's gotta be your retirement. I know that doesn't feel right as a parent, but if you have to make a choice, there are scholarships and there are loans for college. Nobody ever got a scholarship for retirement. And so this is one where you need to strap your oxygen mask on before assisting others, and — as much as it hurts me — to put yourself first.

The stock market's had a good year so far. Is now a good time to invest?

Yeah! Wow, what a difference. Remember December? I remember sitting, December 24th, when the market was down like 2.4 or 2.5% and it was just like [choking sound]. And it's up 16% since then. Now it feels like, gosh, maybe this isn't a good time to invest. But let's be perfectly clear: You have no idea. And anybody who says they have an idea has no idea. No one knows where the market is going from one week or one year to the next. There are just too many factors into it. So you want to — for those of you who are familiar with the term — dollar-cost average. For those of you who aren't, you want to invest through up markets and down, a bit out of every paycheck, sometimes it'll be lower, sometimes it'll be higher, and then it evens out over time which doesn't feel sexy, but actually is very sexy. It's very sexy in order to earn market returns, because most folks don't.


And go deeper on topics like cybersecurity and artificial intelligence at Microsoft on The Issues.


This month, a bipartisan group of legislators in Washington state presented new legislation that could soon become the most comprehensive privacy law in the country. The centerpiece of this legislation, the Washington Privacy Act as substituted, goes further than the landmark bill California recently enacted and builds on the law Europeans have enjoyed for the past year and a half.

As Microsoft President Brad Smith shared in his blog post about our priorities for the state of Washington's current legislative session, we believe it is important to enact strong data privacy protections to demonstrate our state's leadership on what we believe will be one of the defining issues of our generation. People will only trust technology if they know their data is private and under their control, and new laws like these will help provide that assurance.

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Let's be clear— the Middle East peace plan that the US unveiled today is by no means fair. In fact, it is markedly more pro-Israel than any that have come before it.

But the Trump administration was never aiming for a "fair" deal. Instead, it was pursuing a deal that can feasibly be implemented. In other words, it's a deal shaped by a keen understanding of the new power balances within the region and globally.

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For months now, the US has been lobbying countries around the world to ban the Chinese tech giant Huawei from building the 5G data networks that are going to power everything from your cell phone, to power grids, to self-driving cars. US security hawks say allowing a Chinese company to supply such essential infrastructure could allow the Chinese government to steal sensitive data or even sabotage networks. On the other hand, rejecting Huawei could make 5G more expensive. It also means angering the world's second-largest economy.

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The end of the interim in Bolivia? – Mere months after taking over as Bolivia's interim president, Jeanine Áñez has decided that "interim" isn't quite permanent enough, and she now wants to run for president in elections set for May 3. Áñez is an outspoken conservative who took over in October when mass protests over election fraud prompted the military to oust the long-serving left-populist Evo Morales. She says she is just trying to unify a fractious conservative ticket that can beat the candidate backed by Morales' party. (Morales himself is barred from running.) Her supporters say she has the right to run just like anyone else. But critics say that after promising that she would serve only as a caretaker president, Áñez's decision taints the legitimacy of an election meant to be a clean slate reset after the unrest last fall. We are watching closely to see if her move sparks fresh unrest in an already deeply polarized country.

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1: Israel's Prime Minister Benjamin Netanyahu was formally indicted on corruption charges Tuesday, making him the first sitting prime minister to face trial in Israel's history. The charges came hours before Netanyahu was set to meet President Trump for the unveiling of the US' long-anticipated Mideast peace plan.

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