Don’t touch that dial. If you’re looking for certificates of deposit, the interest rates on offer should be—here’s hoping—heading higher following the latest inflation numbers out Tuesday morning. Rea...
Tag: Retirement
7 Things You Can Do Now to Shave Your Tax Bill Next Year
The 2023 tax year has only just begun, and the tax-filing deadline for 2023 taxes is more than a year away. But if you get a jump on planning, you can lock in big tax savings. With stock prices still ...
What’s next for PayPal stock after its CEO announced retirement?
PayPal Holdings Inc (NASDAQ: PYPL) is in focus on Friday after the digital payments giant reported better-than-expected profit for its fiscal fourth quarter. Should you buy PayPal stock? The multinati...
‘Is my financial planner crazy?’ We’re 55 and 60, five years from retirement and were told we should invest more aggressively
Dear MarketWatch, Is my financial planner crazy? I recently saw a MarketWatch article that recommended that one’s retirement portfolio should be 100 minus their age in stocks or perhaps even more co...
Stranded college savings plan can soon be rescued. New law lets 529 dollars roll into retirement
Kids change their minds a lot, so it’s understandable parents might be nervous to lock away money in a college savings plan. After all, what if your child decides to skip college or drop out? That mon...
Early Retirement Can Create a Financial Crisis
Early Retirement Can Create a Financial Crisis Not many people would pass up the opportunity to retire early. In fact, there’s an entire movement built around the idea of early retirement – Financial ...
Should You Stop Believing in a ‘Safe’ Withdrawal Rate for Retirement? Even the 4% Rule Presents Risk
Should You Stop Believing in a ‘Safe’ Withdrawal Rate for Retirement? Is the idea of the “safe” withdrawal rate nothing more than the Tooth Fairy of the retirement planning ind...
Times When Choosing A Fiduciary Advisor Is Critical To You And Times When It’s Not
getty You’ve worked hard your entire career. With your nose to the grindstone, you’ve let your retirement assets grow on autopilot. Suddenly, you find yourself sitting on a pile of money. What do you ...
The Avoidable Retirement Mistake That Empty Nesters Make
empty nesters not saving enough for retirement Saving for retirement is a lifelong undertaking. It involves keeping your retirement goals in mind as you have children, get different jobs and move from...
How to retire rich — even if you just got wiped out
The Wall Street Journal published an article over the weekend about all the millennials and Generation Z “zoomers” who have fled the markets after getting crushed in the 2022 rout. One was 25-year-old...
US financial regulators warn against crypto exposure in retirement accounts
Three financial watchdogs in the United States have issued a warning to investors considering certain individual retirement accounts with exposure to cryptocurrencies. In a Feb. 7 notice, the United S...
‘I really need help.’ I have $580K in retirement savings, but can’t find a financial adviser because the ones I spoke to want clients to be richer than me. What should I do?
Have a question about your financial adviser or looking for a new one? Email [email protected]. Getty Images/iStockphoto Question: I’m in Maryland and could use a financial planner for my Roth IRA...
Retiring in a bear market can be catastrophic — working one more year can make a huge difference
Timing, apparently, is everything. Especially when it comes to retirement. Retiring in a bear market can harm your portfolio for the long-term, even if the market eventually recovers, according to a n...
Nest eggs shrank in 2022. But does 1 more year of work really matter for retirement safety? Here are the 3 big ways working longer can benefit you
Nest eggs shrank in 2022. But does 1 more year of work really matter for retirement safety? Here are the 3 big ways working longer can benefit you The post-pandemic market downturn has taken its toll ...
States That Eliminated Income Tax on Military Retirement
military retirement tax Serving in the military is a hard job, with many service members spending long lengths of time away from their family and putting their lives on the line. There are perks that ...
Here’s how to delay taking required withdrawals from retirement accounts
While a new law increases the age you must withdraw from certain retirement accounts, there are two ways to delay that requirement even longer. This year, seniors must take their required minimum dist...
Should I Get a Life Insurance Retirement Plan This Year?
SmartAsset: What is a life insurance retirement plan (LIRP)? The main purpose of a life insurance policy is to take care of your loved ones after you die. However, your life insurance policies can als...
Gen Z is ‘doing extraordinarily well’ saving for retirement, study finds
The youngest generation is getting out in front of retirement planning. Workers between18 and 25 already had $33,000 socked away in their retirement accounts, according to a recent survey from TransAm...
I’m Worried About Healthcare Costs During Retirement. What Do I Need to Know?
costs of healthcare in retirement Healthcare is one of the biggest costs you will face in retirement. In fact, by many estimates, it’s the single biggest cost for retirees. A representative study by F...
Pelosi Endorses Adam Schiff For California Senate Seat, Pending Dianne Feinstein’s Retirement
Topline Former House Speaker Nancy Pelosi endorsed Rep. Adam Schiff for Sen. Dianne Feinstein (D)’s seat if Feinstein retires at the end of her term, Pelosi said in a statement Thursday expressing sup...
Here are 3 crucial things you must ‘say goodbye’ to in retirement. Most folks can’t do it — but can you?
Let it go: Here are 3 crucial things you must ‘say goodbye’ to in retirement. Most folks can’t do it — but can you? Dieters, frustrated novelists and daydreamers all know that there’...
How Long Will $1,500,000 Last Me in Retirement?
how long will $1500000 last in retirement If you find yourself with $1.5 million in retirement savings, you’re doing more than five times better than the average retiree, who only has $279,997. ...
Tom Brady’s Retirement Means The Price Tag For Aaron Rodgers Just Went Up
Green Bay Packers quarterback Aaron Rodgers could be on the trading block this offseason. Copyright 2023 The Associated Press. All rights reserved. Tom Brady, the greatest player in NFL history, is of...
Tom Brady announces NFL retirement, says it’s ‘for good’
Tom Brady #12 of the Tampa Bay Buccaneers looks on before the game against the Los Angeles Rams in the NFC Divisional Playoff game at Raymond James Stadium on January 23, 2022 in Tampa, Florida. Kevin...
How Can I Make Money in Retirement?
SmartAsset: Four Ways to Make Money in Retirement With many Americans living longer and retiring earlier, more and more people have time, health and energy to work in retirement. And this has led to a...
I’m Worried About My Retirement Healthcare Costs. What Can I Do to Prep For it Now?
SmartAsset: Healthcare Costs in Retirement Retirement is often considered a great time to travel and do things you’ve been planning for years. You save and invest for multiple decades before deciding ...
America’s Top 3 Retirement Fears
SmartAsset: Top 3 Fears Americans Have About Retirement While many Americans idealize retirement as sitting on the beach and traveling with loved ones, the crushing reality is that many people cannot ...
Which Will Cost Me Less During Retirement?
SmartAsset: Annuitization vs. Lifetime Withdrawals for Annuities Purchasing an annuity can provide you with an additional stream of income for retirement. One thing you’ll have to decide is to annuiti...
‘I am trying to feverishly save for retirement’: My fiancé pays $1,700 a month to the IRS and owes student debt. We’re both 57. Should I marry him for his Social Security and pension?
Dear Quentin, My fiancé and I met at age 42 after being recently divorced. We have (now-grown) children from our previous marriages, but none together. We keep our finances separate. Neither one of us...