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Retiring three years earlier than expected significantly increases the chances of not meeting retirement income needs, putting greater emphasis on the benefits of working longer or working part time in retirement years. Each year of early retirement before age 65 significantly increases the chance of running out of money...
Dear MarketWatch, I’m a 65-year-old married man in Southern California. I retired about 5 years ago, and have very little in pension payments of about $2,000 from my old job, without any medical benefits. But I have rental income from about a dozen single-family homes that I collected during...
Most of us are feeling the pain of inflation now, but the rising cost of almost everything may be impacting our future selves as well: People are cutting back on saving for retirement as a result of inflation.  The majority of Americans say current financial issues are more pressing...
Dear MarketWatch, I recently made a panic decision to withdraw all my money from one retirement account and I am now closing on a house in February (about $200,000). I am 36 years old, married and have a 1-year-old. Half of me is regretting it, and I’m worried about...
Dear MarketWatch, My husband and I bought a second home two years ago, for $160,000, with a 30-year mortgage at 2.5%. We bought it with the sole purpose of renting it out to our son and his new wife.  They were recent college graduates, and just starting their...
More than 68,000 global technology sector employees have been laid off in the first few weeks of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of global tech layoffs in 2023 has more than doubled since last week, when it recorded just over 25,000 layoffs....
It’s true, Inflation Reduction Act (IRA) rebates and tax incentives for home electrification kicked in Jan. 1 officially, but several program features won’t be available to homeowners until the end of the year or early 2024, according to the Department of Energy. There are a few key exceptions:...
The princes of Wall Street are losing their crowns and tightening their belts. Massive layoffs and diminished bonus checks promise to put a crimp in the high-flying styles of stock brokers, money managers, investment bankers and once-untouchable hedge-fund geniuses. Bloomberg BusinessWeek described Wall Street as being in “retrenchment mode.” Thousands...
The Bank of England and the European Central Bank are forecast to lift their main interest rates by a half percentage point on Thursday, in what will likely narrow the differential between their rates and that of the U.S. Federal Reserve. The Bank of England is forecast to take...