I’ll be 65 soon, have $320,000 in retirement savings and a paid-off home but I’m $46,000 in debt – should I take more money out of my investments?
I’ll be 65 in a couple months. I retired at 63 and am currently receiving survivor Social Security payments (from my late husband). I plan on switching over to my Social Security at 70. I receive about $31,000 yearly in Social Security. I also take $600 each month out of my retirement account. I calculated […]
‘We’re headed for a family feud’: My father offered his 3 kids equal monetary gifts. My siblings took cash. I took stock. It’s soared in value — now they’re crying foul
Dear Quentin, Several years before my father’s death, he offered me and my two siblings each an early “cash gift” from his estate in the amount of whatever the maximum non-taxable amount was at the time. He was an active investor and offered the gift in the form of the stock instead of cash. My siblings […]
Opinion: Opinion: More rotting assets are lurking in the shadows of the financial system
Like a lightning bolt that suddenly throws a landscape into sharp relief, higher interest rates have exposed where the financial system could buckle or break—but higher borrowing costs will last longer than a flash. The nonbank sector—made up of the thousands of private-equity funds, hedge funds, and insurance companies—now plays role the biggest banks used […]
Sam Bankman-Fried’s two anonymous sponsors put up $700,000 to get him out of jail
Sam Bankman-Fried was released on bond after two anonymous individuals put up a total of $700,000, according to court filings. Bankman-Fried, the disgraced former crypto mogul whose FTX exchange declared bankruptcy in November, has been under house arrest in his parents’ $4 million Palo Alto, Calif., home since last month. He was released from federal custody in […]
These money and investing tips can help you spot a bear in bull’s clothing
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 & TRENDSDeferred annuities are better deals than immediate annuities A better way of securing a guaranteed lifetime income. Read More Any way you slice it, the bears control the stock market […]
Elon Musk takes the stand as battle lines drawn in trial over Tesla tweets
Tesla Inc. Chief Executive Elon Musk took the witness stand briefly late Friday in a federal trial in San Francisco over alleged investor losses caused by his “funding secured” tweet and other tweets back in 2018. In his roughly half-hour being questioned by a defense lawyer, Musk lauded Twitter Inc. as the most “democratic” way […]
Opinion: ‘Young people know more about TikTok and Minecraft than money.’ Teenagers want to be smarter about finances — teach them.
A recession looms, inflation has skyrocketed, interest rates are rising, and many Americans’ personal finances are in jeopardy. The financial knowledge necessary for students like myself to navigate these turbulent times is in short supply, but the demand is high. The circumstances of peoples’ economic struggles are complex and systemic, as are the potential solutions. But there […]
Salesforce carries heavy ‘disruption risk’ that threatens its stock, analyst says
Salesforce Inc. is shaking up its leadership and its broader organization, and those changes carry uncertainty for its stock, according to an analyst. Cowen & Co.’s Derrick Wood downgraded shares of Salesforce CRM, +0.54% to market perform from outperform Friday, warning of the potential for “elevated levels of disruption risk” due to a handful of […]
Opinion: Opinion: More rotting assets are lurking in the shadows of the financial system
Like a lightning bolt that suddenly throws a landscape into sharp relief, higher interest rates have exposed where the financial system could buckle or break—but higher borrowing costs will last longer than a flash. The nonbank sector—made up of the thousands of private-equity funds, hedge funds, and insurance companies—now plays role the biggest banks used […]
‘Overbought and overpriced.’ Why this investor sees a bubble popping for this popular group of stocks
Investors wouldn’t be blamed for sizing up the first losing week in three for the S&P 500 and decide to start the weekend early. And stock futures are just barely positive.Who can blame them after the mixed bag of data this week that has reigniting worries in some corners about whether the Fed could push […]