Personal Finance
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If King Dollar is wobbling, this asset is your best investment, says Citi
Fresh data showed China’s economy knocked it out of the park early this year, as its strict pandemic lockdown ended. That may be giving a lift to U.S. stock futures for Tuesday, possibly bringing the S&P 500 one step closer to those February highs. But investors may not want to get too far ahead of…
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Is it time to become a financial doomsday prepper? Here’s how to cope with looming calamities.
This article is reprinted by permission from NerdWallet. The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Catastrophes are often called “black swan events.” We hear a lot of…
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Make sure the tax breaks you’re taking now won’t hammer you in retirement
Good savers, beware. The money you’re stuffing into your 401(k) and other retirement accounts has to be withdrawn someday. If you’re not strategic about how you save, you could face unnecessarily high tax bills and inflated Medicare premiums in retirement — plus, you could be saddling your heirs with higher taxes. The earlier you start…
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More Americans are snapping up used electric cars
New electric cars are grabbing all the headlines, but Americans buy far more used cars than new cars. When will sales of used electric vehicles pick up? They already have. A new analysis from Kelley Blue Book parent company Cox Automotive shows that used EV sales grew by 32% in the first three months of…
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‘Junk fee’ reforms haven’t passed Congress, but travelers may already be seeing some changes
U.S. presidents don’t usually wade into the minutiae of airline seat selection, yet that’s exactly what President Joe Biden did during his State of the Union Address earlier this year, spending nearly two minutes of the speech decrying “junk fees.” “We’ll prohibit airlines from charging $50 round-trip for a family just to be able to…
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‘Gradually, then suddenly.’ Earnings expectations may be about to drop, says Morgan Stanley strategist.
Will optimism hold as earnings season gets fully under way this week and is banking stress done? Our call of the day, from Morgan Stanley’s chief U.S. equity strategist Mike Wilson, warns of a long shadow cast by March stress, despite a mostly upbeat stock market. “In contrast to what we expected, the S&P 500…
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Your tax refund will probably be smaller this year — unless you have a stock portfolio
April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here. If you’re feeling underwhelmed by the size of your income-tax refund this year, you’re…
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Are you about to file your taxes? Take the MarketWatch Tax Quiz to see if you are prepared
April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here. Millions of Americans file taxes every year in a process that might fill…
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Social Security’s expected shortfall sparks debate over tax increases
With the clock ticking to remedy Social Security’s financial ills, many experts are pushing Congress to take urgent action, yet there’s little agreement on which medicine might work best. The points of contention were on display this week at a panel discussion focused on Social Security’s future. Competing proposals involve raising taxes, adjusting benefits, or…
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The ‘super surge’ of money market funds is on with yields over 4.6% luring savers. Here’s what you need to know.
Last month’s bank failures, combined with a healthy yield advantage over bank deposit accounts, has prompted a “super surge” of assets into money market mutual funds, according to research firm Crane Data. Money market funds, which invest in very short-term, high-quality debt, in March enjoyed their third-best month of inflows ever, according to Crane, as…