Tag: Retirement Planning

There’s a way to fix the $4.6 trillion U.S. public pensions mess — Canada shows us how

In Ernest Hemingway’s “The Sun Also Rises,” Mike is asked how he went bankrupt. His reply: “Two ways. Gradually, then suddenly.” He might as well...

She’s 63 and living by the beach in Mexico on $1,000 a month: ‘I can’t imagine living in the U.S. again’

Janet Blaser knows a thing or two about reinvention. Once a food and restaurant writer in Santa Cruz, Calif., the now-63-year-old struggled to find work...

6 tax moves to consider before the end of the year to lower your 2020 tax bill

With year-end rapidly approaching and the general election finally over, it’s time to consider moves that will lower your 2020 tax bill and hopefully position...

12 million Americans to lose unemployment benefits day after Christmas and the U.S. pays the most for prescription drugs

Hi, MarketWatchers. Don’t miss these top stories: Personal Finance 12 million Americans will lose their unemployment benefits the day after Christmas These Americans are in...

I lost my job because of COVID-19 cutbacks — can I tap into my IRA?

Q: I’m 49 and was laid off due to COVID cutbacks. A former co-worker says I can tap my IRA tax-free this year. How do...

‘I think everybody’s taken a deep breath’: Joe Biden didn’t get a ‘blue wave’ but here are 5 ways he can advance his tax agenda

That pledge was premised on a “blue wave” where Democrats kept the House of Representatives and established a newfound majority in the Senate, which would...

A sobering figure for Veterans Day: 200,000 service members owe nearly $3 billion in student loans, and think twice before saying Alex Trebek ‘lost his battle’ with pancreatic cancer

Hi there, MarketWatchers. Don’t miss these top stories: Personal Finance Why Major Biden becoming the first shelter dog in the White House is a big...

From a Kansas cattle rancher to a Florida day trader, voters tell MarketWatch the money worries behind their choice for president

Every voter has a story, and these are the economic backstories and money motivations of some of the people who are voting for President Donald...

I’m a 40-year-old teacher who doesn’t want to wait 15 years to retire. Can I live off the rental income from my three properties?

I’m a 40-year-old teacher who has invested wisely over the last few years. I have purchased three two-unit homes that bring in about $2,500 in...

How did Trump lose senior citizens?

One of the groups that powered Donald Trump’s surprise White House win in 2016 was seniors. He won 52% of that group, to Hillary Clinton’s...

Can Trump or Biden fix Social Security?

Considering how important retirement security is to most Americans, the presidential candidates have spoken relatively little about it. In the final presidential debate on Thursday,...

My mother-in-law is narcissistic. My father-in-law is selfish. My brother-in-law is amoral. How do we protect our inheritance?

My in-laws are difficult: My mother-in-law is bipolar and narcissistic. My father-in-law is entirely selfish, and my brother-in-law is pretty amoral and lacks scruples. Trust...

I’m 63, my husband is 70, we’ll have $90,000 a year in retirement — how can we claim our Social Security benefits?

My husband is 70 and I am 63. We both want to retire as soon as our son finishes college, if not before. He is...

Value stocks “worst for 100 years”

If you have any old-fashioned “value” or “equity income” funds in your 401(k), IRA or other retirement accounts, right about now you may be asking...

Why California’s unemployment system devolved into chaos during pandemic and some customers will pay hundreds more for the new iPhone 12

TGIF, MarketWatchers, don’t miss these top stories: Personal Finance Why California’s unemployment system devolved into chaos during pandemic A new report examines the failures of...

What millions of Americans have in common with Seth Rogen and his wife: Caregiving

A previous version of this story incorrectly identified Lauren Miller Rogen’s father as also having Alzheimer’s. Her mother’s parents and her mother had Alzheimer’s. When...

Hope to retire someday? See if you can answer these six simple questions

Then try taking the following financial literacy test containing just three basic questions about interest rates, inflation and diversification. Despite being quite elementary, only 34%...

What is a ‘poll watcher’ and who gets to be one on Election Day? and what HIPAA does (and doesn’t) protect

TGIF, MarketWatchers. Don’t miss these top stories: Personal Finance ‘HIPAA does not give you a get-out-of-jail-free card’: What the health-privacy law does (and doesn’t) protect...

The biggest risk to Social Security is inaction for 4 more years on the looming funding crisis

Social Security is arguably the most important program of the federal government. And yet, the long-term stability of the fabled system is once again barely...

How to retrain for your next career in three months — free

A friend in her 50s recently abandoned plans to change career. Although she’s well educated, with a master’s degree, and has plenty of technical skills,...

Why more philanthropists are spending themselves out of existence, and here’s what Joe Biden’s coronavirus relief plan would prioritize

Hi there, MarketWatchers. Don’t miss these top stories: Personal Finance Nearly half of all professional women make this money mistake — and it’s easy to...

I’ll retire with a military pension and want to move to a bicycle-friendly, beer-loving place — so where should I go?

I have five years until I retire. I have a nest egg of $1 million and will also have a monthly military pension of approximately...

5 big financial issues voters didn’t hear much (or anything) about during the debate and why you might be scared of running out of money even if you have ample savings

Happy Wednesday MarketWatchers. Don’t miss these top stories: ‘The Real Housewives of Pennsylvania Avenue’: Insults traded at the Trump-Biden debate were heard around the world...

When it comes to Social Security, these strategies can pay off for married couples

An earlier version of this column incorrectly stated that by waiting to claim Social Security at age 70, the higher earning spouse can lock in...

Why are pension funds investing in hedge funds?

Why do they keep doing it? Why do pension fund trustees keep doing this, and falling for one of the oldest games in the business?...