Dear Catey, My wife and I are 58. She will retire at 62 and I at 67. Our annual retirement income at 67 will be approximately $95,000 from Social Security, pensions and investments. We would like to find an affordable, friendly place to rent during the winter months, that isRead More →
Investors usually must contend with a trade-off between income and growth. Not so with the Reaves Utility Income fund, which has a 6.48% dividend yield and performance that has beaten the S&P 500 Index US:SPX over the past 10 and 15 years. That’s unusual, given that the benchmark index isRead More →
R.S.R. Dear R.S.R., I hear you — it’s frustrating to read about people who get to live large in retirement when your reality (and frankly, most Americans’ reality) is very different. The average Social Security retirement benefit in 2019 was $1,470 a month or $17,640 a year, according to theRead More →
The London Stock Exchange Group (L:) said on Friday it would complete its $27 billion takeover of analytics company Refinitiv on time this year as it reported higher-than-expected annual income, driven a jump in clearing activity. “We remain on track to close the (Refinitiv) transaction in the second half ofRead More →
Dear Moneyist, My spouse hides his money and all of his investments are hidden. I have lived in Boston since 2006. I moved from New York and gave up my job of 16 years because we got married and I relocated, leaving my two adult children, who were 21 andRead More →
Amazon CEO Jeff Bezos is reportedly paying $165 million for a palatial Beverly Hills mansion, and, according to SEC filings, with that sum the Amazon AMZN, -0.70% founder could have footed the entire 2019 federal tax bill his company is planning to pay this year. He’d have $3 million leftRead More →
© Reuters. Hong Kong Exchange Fund’s 2019 investment income rises to second-highest on record By Twinnie Siu HONG KONG (Reuters) – Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$247.2 billion ($31.8 billion) in 2019, the second highest on record, theRead More →
Start your weekend with something that may well bring a smile to your face: a simple and realistic way to earn $100,000 a year and not pay any federal income taxes. MarketWatch’s retirement series goes to Bali This time, Catey Hill’s popular series on retirement destinations lands on an islandRead More →
The question of how much can we earn without paying federal income taxes is relatively easy to answer for most people. The standard deduction for a married couple is $24,400 in 2019 (if both are under 65 years old), and the top of the 0% capital-gains tax bracket is $78,750.Read More →
Democratic presidential candidates dueled this week over ways to lift lower-income and unemployed Americans out of poverty: a guaranteed $1,000 monthly income, a higher minimum wage or a guaranteed job? In one corner is businessman Andrew Yang, who’s made universal basic income the centerpiece of his campaign. Yang is proposingRead More →
Most Americans do not favor the guaranteed-cash proposal touted by 2020 presidential contender Andrew Yang, but other countries see universal basic income differently. Some 77% U.K. residents and 75% of Canadian residents back the idea of a universal basic income (UBI) to help workers who lose their jobs due toRead More →
On July 26, 15-year-old Ben was surprised to find he couldn’t log into five of his eight Instagram FB, +1.53% accounts. The meme curator, who goes by the pseudonym “spicymp4” and chose not to give his last name to MarketWatch, owned multiple popular comedy accounts. One such account, @spicy.mp4, hadRead More →
Whether they call it a Freedom Dividend or a baby bond, some 2020 Democratic contenders have embraced the tenets of a universal basic income (UBI). Proponents of UBI — including Tesla TSLA, -0.66% CEO Elon Musk and Facebook FB, -0.29% CEO Mark Zuckerberg — argue that it wouldRead More →
Don’t miss these top money and investing features: Financial security is the end-goal for most investors. But insecurity is an unavoidable part of investing. No risk, no reward, after all. Income-producing investments take away some of the market’s uncertainty. For many investors, this predictable cash flow can make all theRead More →
The world of retirement savings recently reached a significant milestone that has important implications for workers and retirees: For the first time, assets in defined-contribution savings plans represent more than 50% of all retirement plan assets globally, according to Willis Towers Watson. While some defined-benefit pension plans still exist, manyRead More →
The investment business is full of theories and recommendations about how to accumulate wealth. But the field has very little to say about the best ways to decumulate, or spend down wealth. This is an astonishing oversight, considering that the period over which wealth decumulation occurs is often as longRead More →
Happy Friday, MarketWatchers. Here are some of the day’s top stories to keep you entertained as we head into the long weekend. Personal Finance H&R Block agents took ‘empathy training’ to handle people upset by smaller tax refunds or surprise tax bills Accountants are investing in customer service as theRead More →
