When an affluent suburban Chicago couple came to John Campbell, senior wealth strategist at U.S. Bank Private Wealth Management, planning to retire in New Mexico because of its weather and lower incom...
Tag: Political/General News
Warren Buffett’s Berkshire Hathaway is the largest investor in these 8 stocks
As 2022 wrapped, Warren Buffett’s Berkshire Hathaway was the largest shareholder of eight stocks that include traditional oil companies and financial-services giants. “Berkshire now enjoys major owner...
I’m retiring, what do I do with my 401(k)? You have 4 choices, but only 3 are good.
You have to make a lot of decisions when you retire, and among the biggest is what to do with your workplace retirement savings. No matter how much money you have or how you intend to invest it, you h...
I’m 73 and will only have my 401(k) after retiring. How do I make it last?
I am 73 years old and still employed full time. I will receive no retirement benefits when I leave my job except for a 401(k). My question is: what is the best way to handle this 401(k) without losing...
Is the U.S. Economy In Recession? What the Fed—and Everyone Else—Got Wrong.
It was roughly a year ago, after the Russian invasion of Ukraine caused an oil-price shock and the Federal Reserve kicked off its interest-rate-tightening campaign, that forecasters began warning in e...
The Only 401(k) Savers Who Didn’t Lose Money in The Past Year
The only workers whose 401(k) balances grew in 2022 were the Gen Z savers still decades away from retirement, according to new data from Fidelity Investments. While the average nest egg among Fidelit...
One laid-off tech worker’s odyssey: 5 months, 25 interviews, 100 job applications
At times, Todd Erickson’s search for a tech job felt more like an odyssey. But after five months, about 100 job applications and more than two dozen interviews with recruiters and companies — includin...
Nearing retirement? Here’s how to shift your portfolio from growth to income.
Over the decades, perhaps you’ve been very good at saving your money and investing it for long-term growth. But when the time comes for you to stop working or to step back to a part-time job, you migh...
We’re in our 60s and have lost $250,000 in our 401(k) plans — can we still retire?
I am a 61-year-old female who has worked for the same financial institution since the age of 16. I will have 50 years at the company if I retire at 66. I’ve lost over $150,000 in my 401(k) this past y...
Tempted to chase fat yields in money market accounts? Why it might not pay to switch.
The yield chase is on. After more than two years of historically low interest rates, savers are rediscovering that they can earn money on their money by letting it sit. During the pandemic, many saver...
Should you buy an annuity for your retirement?
Annuities are a popular retirement income vehicle with many insurance agents, registered representatives and financial advisers. They probably have as many supporters as detractors. Here are some of t...
Crispr Therapeutics: FDA Filing on Sickle Cell Gene Therapy Is Almost Done
An approval filing for a breakthrough treatment of sickle cell disease should be done by March, Crispr Therapeutics said, highlighting the company’s lead in a competitive area of medical research and ...
Tesla shareholders seek to void Elon Musk’s $55 billion pay package
WILMINGTON, Del. — Attorneys for a Tesla shareholder urged a Delaware judge on Tuesday to invalidate a 2018 compensation package awarded by the company’s board of directors to CEO Elon Musk that is po...
Norfolk Southern’s stock extends selloff, and one analyst turns bullish
Shares of Norfolk Southern Corp. have fallen enough — when compared with those of other railroad operators and the broader stock market — to create a “compelling entry point” for investors, according ...
These 61 companies tried out a 4-day workweek — and most are sticking with it
Four-day workweek for the win. Companies in the U.K. that experimented with a four-day workweek last year reported more revenue and less staff attrition, while most workers participating in the trial ...
Al Gore’s Firm Sells Alibaba Stock, TSMC, and Shopify. It Bought TI.
Generation Investment Management, chaired by former Vice President Al Gore, recently made big changes in its portfolio, reshuffling its holdings in the semiconductor business as its money managers cit...
At 55 years old, I will have worked for 30 years — what are the pros and cons of retiring at that age?
Dear MarketWatch, I currently own one home, no mortgage with rental income. I own another home that will be paid off the year I turn 55. Both valued at $750,000. I have a 401(k) and other stocks and...
AI Becomes Silicon Valley’s Next Buzzy Bandwagon as Crypto Boom Fizzles
The new artificial-intelligence tools getting widespread attention for spitting out text, images and computer code are also generating something else: talk of the next technology bubble. Technologists...
I’m a single dad earning $100,000 – how do I maximize my retirement dollars?
Dear MarketWatch, I make over $100,000 a year, and expect to for the foreseeable future. As of now, I am contributing 8% of my income to my 403(b) with a 3% 401(a) match; all Roth. It would be more, ...
My fiancé and I are 60. His adult daughter is opposed to our marriage — and insists on inheriting her father’s $3.2 million estate. How should we handle her?
What advice would you give to a widow and widower considering marriage on how to manage finances — and deal with adult children? We are both 60 years old and plan to work a few more years, mostly for ...
A Debt-Ceiling Fight Could Raise U.S. Borrowing Costs and Worsen Budget Deficits
Illustration by Chris Cash Text size About the authors: Arvind Krishnamurthy is the John S. Osterweis professor of finance at the Stanford Graduate School of Business. Hanno Lustig is the school’s Miz...
Will Warren Buffett retire? What to look for in his annual letter.
Warren Buffett is an inspiration to retirees everywhere. In the 27 years since he reached what the Social Security system said was his full retirement age, shares of his Berkshire Hathaway BRK.B, +0.0...
These money and investing tips can hold up your portfolio if the market melts down
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Why the stock market’s pullbac...
Nvidia Stock Can Endure a Slowdown, Analyst Says. AI Is Key.
Nvidia should be insulated from any slowdown in the broader economy by increased spending on artificial intelligence, said analysts at Oppenheimer and KeyBanc, who lifted their price targets on shares...
‘The risk is that we’re going to hit the brakes very, very hard,’ Larry Summers says
“‘The risk is that we’re going to hit the brakes very, very hard.’ ” — Larry Summers Almost a full year of monetary-policy tightening by the Federal Reserve appears to be having little impact on price...
Opinion: Where’s the bull market? Stock-market investors aren’t buying it.
Have Joe and Joanna Q. Public been buying the stock-market rally of the past five months? Not according to our data. Instead, they show that ordinary investors have been bailing out of stock funds for...