Chris Thorson, age 55, is very busy. He has a side hustle making Scandinavian knives; he’s a high school volunteer mountain bike coach in Minneapolis; and he’s board chair of the nonprofit National Ce...
Tag: Political
Should I use a 401(k) or an IRA to save for retirement? A traditional account or the Roth version? Here’s what to know
You can save on taxes while saving for retirement by using an IRA or a 401(k). But deciding the best account is not always straightforward. There’s also the Roth option for both, meaning four choices,...
As the Fed Raises Interest Rates, and Other Central Banks Don’t, What Will That Mean for U.S. Stocks?
The Federal Reserve’s recent decision to begin raising interest rates stands in contrast to many other central banks around the world, which are keeping their baseline interest rates flat or lowering ...
Pakistan Default Risk Soars, Currency Sinks on Political Turmoil
(Bloomberg) — Pakistan’s political upheaval is adding to a surge in the nation’s default risk and triggering off further losses in the nation’s bonds and currency. Most Read from Bloomberg A no-...
Your 401(k) Statement Will Soon Have Lifetime Income Estimates. What to Know.
Participants in 401(k)s should begin seeing a “lifetime income illustration” on their statements this year, getting an estimate of how much guaranteed monthly income their current account balance woul...
U.S. corn and soybean stocks rise, but corn plantings forecast cut: USDA
Corn futures climbed Thursday after reports from the U.S. Department of Agriculture on Thursday revealed higher U.S. corn and soybean stocks, along with a lower forecast for this year’s planted corn a...
Deutsche Bank Must Face Lawsuits Alleging It Enabled Ponzi Scheme
Judges in New York and Miami ruled that investor lawsuits could advance against Germany’s Deutsche Bank AG for allegedly ignoring warnings that it was helping finance a real-estate-linked Ponzi scheme...
I’m 67 and retired with $57,000 left on my mortgage and $600,000 saved for retirement — should I pay off my home now?
I am 67 years old, single and retired at 66. After taxes, I receive $3,100 per month from a pension. After taxes and my Part B Medicare payment, I receive $2,100 per month from Social Security. I have...
My husband and I bought a retirement condo in 2008, and he died two years later. The condo is worth $50,000 more than we paid. Should I sell it now or wait?
Dear MarketWatch, I have a condo in Palm Desert, Calif., that my husband and I were going to retire to. We also have another primary residence in nearby Riverside. We bought the condo in 2008 for $363...
My financial adviser seems deeply Republican, and I’m liberal. Does this matter?
Should you let differing political beliefs impact your choice of a financial planner? Getty Images Question: I’ve worked with the same financial adviser for about 10 years — and I feel like he’s done ...
What’s Holding Back Actively Managed ETFs
Text size Dreamstime Fidelity and T. Rowe Price run some excellent actively managed mutual funds. Chances are you will never see them in ETF form. Many new active exchange-traded funds have launched s...
Biden’s Wealth Tax Proposal Would Target More Than Billionaires
Text size President Joe Biden’s new budget proposal includes a wealth tax it says would target the top 0.01% of households. Anna Moneymaker/Getty Images About the author: Thomas Hoenig is a dist...
Ukraine’s Friends Refuse to Pay Russia Rubles for Gas. What Could Come Next.
The Kasimovskoye underground gas storage facility operated by Gazprom, in Kasimov, Russia. Andrey Rudakov/Bloomberg Text size Vladimir Putin was rash enough to invade Ukraine. Could he double his bet ...
Opinion: How to retire well — even if you’re not rich
Unquestionably, the best time to retire is after you have saved up more money than you will ever need. But not everybody can do that. If you are one of those people, then this article is for you. In o...
Walgreens Earnings Top Estimates but Its Outlook Crushes the Stock.
Text size Walgreens delivers a second-quarter earnings beat. (Photo by Justin Sullivan/Getty Images) Justin Sullivan/Getty Images Walgreens Boots Alliance tumbled Thursday after investors were disappo...
Biden says latest Strategic Petroleum Reserve release could cut gas prices 10 to 35 cents per gallon — but some experts worry about long-term costs
President Joe Biden announced Thursday the daily release of 1 million barrels of oil from the country’s reserves for the next six months as a way to bring down gas prices that have been breaking recor...
Opinion: How to make your money last in retirement
Lots of research has been done on the best way to generate retirement income. It’s one of the most popular financial topics. I think this popularity is driven by two things: its obvious importance—and...
Bitcoin Prices Steady After Crypto Heist. A Prominent Whale Is Getting Bigger.
Text size Bitcoin prices have held onto recent gains. Rutmer Visser/Dreamstime Bitcoin and other cryptocurrencies were mostly steady on Wednesday, holding onto recent gains and shaking off pressure on...
Baidu Stock Drops. It’s One of 5 Stocks Added to the SEC’s Delisting Watchlist.
Text size LIU JIN/AFP via Getty Images Baidu stock was dropping Thursday after U.S. regulators added the Chinese search giant to its growing list of companies that could be removed from American stock...
Here’s who might not need 6-9 months in their emergency fund, pros say
Does everyone need emergency expenses in a savings account? Getty Images/iStockphoto Traditional advice suggests you need 6-9 months of expenses in an accessible savings account in case of emergency. ...
Senators Plan Bipartisan Retirement Package as House Poised to Pass Secure 2.0
Retirement experts urged lawmakers Tuesday to take action to expand the availability of workplace savings plans and to level some of the barriers that have kept workers from putting more money away fo...
Opinion: The Dow, S&P 500 and Nasdaq have now suffered a ‘death cross’ — here’s why this could resurrect them
Reports of the U.S. stock market’s death appear to be greatly exaggerated. I’m referring to the dreaded “death cross” that has now appeared in the price charts of the three major U.S. stock market ave...
Home Builders Are the Cheapest Stocks Around. Is It Time to Buy?
Construction workers on a Toll Brothers home in Boca Raton, Fla. Toll and other home builders currently trade near book value. Joe Raedle/Getty Images Text size The housing market is still robust, but...