Pets may be an answer to our loneliness problem; when to ignore the big money on Wall Street; and what to do with your 401(k) when you retire – MarketWatch
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” : ‘int.’; const loginBaseUrl = LOGIN_URL[pageSiteProduct]; const loginUrl = `https://${loginUrlPrefix}${loginBaseUrl}/google-login`; const targetUrl = new URL(window.location.href); targetUrl.searchParams.set(‘isGaa’, true); fetch(registerEndpoint, { method: ‘POST’, body: JSON.stringify({ id_token: credential?.credential, displayContextId: ‘SOCIAL_CONNECT’, returnUrl: window.location.href.split(‘?’)[0], editionId: `${EDITION_ID[pageSiteProduct]}`, registrationSource: `${REGISTRATION_SOURCE[pageSiteProduct]}` }), headers: { ‘content-type’: ‘application/json’, } }) .then((response) => { if (!response.ok) { console.error(‘GoogleEA: Social Connect Invalid Status Code’); return; } return response.json(); }) .then((userState) => { if (!userState) { console.error(‘GoogleEA: Social Connect No Data’); return; } window.location.href = `${loginUrl}?target=${encodeURIComponent(targetUrl)}`; }) .catch((err) => { console.error(`GoogleEA: Social Connect Err: ${err}`); }); } }; })() ]]]]]]]]>]]]]]]>]]]]>]]>
Retirement Weekly
Published: July 21, 2023 at 2:49 p.m. ET
The week in retirement
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[]Happy Friday, MarketWatchers.
[]Want a feel-good read to start off your weekend? Check out Jessica Hall’s story about nonprofit organizations that match older people with older pets. In some cases the organization even offsets the cost of caring for the pet — a significant hurdle to pet adoption. It’s a win-win. Pets who may have been overlooked because of their age find a loving home, and the humans benefit from companionship, exercise, routine and all the love that pets give us. In fact, research shows that pet owners have fewer doctors visits per year and see savings from reduced obesity, reduced infections, and better mental health.
[]This week Brett Arends looked at the BofA survey of global money managers, which said that they remain deeply skeptical of this year’s stock-market boom, and many are still sitting on the sidelines. The good news? Brett points out that these folks are not uniformly right and are often wrong, and to take their analysis with a grain of salt and a dose of caution. “The Big Money is about as bearish and gloomy as it was during the 2008-9 global financial crisis, the European debt crisis a decade ago, the March 2020 Covid panic, and various other… er… excellent long-term buying opportunities,” Brett writes. “When the money managers have all stampeded to one side of the boat, it’s often paid to go to the other side.”
[]A couple wrote into Alessandra Malito’s Help Me Retire column asking for advice on how to draw down their retirement assets in the most tax-smart way, and they’re also trying to figure out their Social Security claiming strategy. They seem well-positioned financially and are asking really important questions about complicated issues. Alessandra helped them sort through their many options, and has some financial advisers weigh in.
[]When you look around your workplace over the next few years you may notice more older workers. Beth Pinsker wrote this week about the growing number of employees aged 55 and over. “Older workers will make up 25% of the workforce in the U.S. by 2031, according to a new analysis by Bain & Co.,” Beth writes. “That amounts to a shift of about 150 million jobs to older workers from younger workers, globally.” This research comes as the U.S. population gets older: Fewer people are having babies and people are living longer. The opportunity to work longer can be good if you have a job that’s satisfying that you’re physically able to do as you age. It’s not great for those who work in physical jobs that are harder to maintain as you age.
[]Have a great weekend, check out more of our great retirement coverage and enjoy our newsletter:
[]This new ETF can protect your portfolio from losses — but there’s a catch
[]The right beliefs and habits can save your retirement
[]Should I roll my Roth 401(k) into a Roth IRA? What are the rules?
[]News and analysis for those planning for or living in retirement
I’m in my mid-70s and just got a new income stream. I don’t need it. What should I do with it?
[]Have a question about your own retirement savings? Email us at [email protected]
[]Angela Moore is a senior editor at MarketWatch. Follow her on Twitter @AngieMoSays.
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