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A moonshot won't be necessary, but it'll require a bit of a pivot.
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More travelers than ever are wiring money — to vacation rental owners, tour operators, and each other. Here's how to avoid common problems when you do.
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If you're unsure why your child has severed contact, brace for a potentially long wait to find out
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'His stepmom was caught embezzling from a local club a couple years ago. Obviously, I am very concerned.'
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Social Security's benefits formula is complicated, but understanding it will help you make informed choices.
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Washington looks to return more money to the pockets of homeowners who opt for energy-efficient upgrades, such as heat pumps and solar panels.
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Avient Corp. announced Friday a deal to sell its distribution business for $950 million in cash to an affiliate of private equity firm H.I.G. Capital. The polymer materials and liquid colorants company said it will use the after-tax proceeds, which are expected to be about $750 million, to pay down near-term maturing debt. The agreement comes after the company had announced in April that it was exploring a sale of the business. "As expected, there were multiple buyers interested in acquiring the Distribution business, and it was a competitive process," said Avient Chief Executive Robert Patterson. The stock, which was still inactive in premarket trading, has slipped 2.4% over the past three months, while the S&P 500 has gained 7.1%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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The Inflation Reduction Act is filled with perks for businesses--and some tough tax talk.
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Here's something you already know: The world is a pretty crazy place right now. From high inflation and rising interest rates to major market fluctuations, today's economic uncertainty goes beyond anything we've seen since the 2008 financial crisis - and possibly even before that.
SEE MORE Planning to Retire in the Next 3-5 Years? What to Consider Today
Yet aside from the immediate impact on the cost of living, what does all this heavy economic weather mean for your retirement plans? And more importantly, how can you protect your precious nest egg from the worst of its effects?
Stress-test your portfolio
The best place to start is by using financial planning software to figure out what a period of no or low growth may mean for your retirement fund. Ideally, this should be something a little more robust than the free software on the internet. Instead, you want enough "bells and whistles" to let you play around with different variables and really understand their potential consequences. (A qualified financial adviser can help you identify the best software to use. I like eMoney Advisor.)
These variables should be things like:
What if we see inflation at 6% for a decade?What if I lose 20% of my portfolio value in the next three years?
What if my annual rate of return during retirement is 5% not 7%?
By stress-testing your portfolio against these scenarios, you can figure out if you've got a gap between your projected income and the level of income needed to finance your planned retirement lifesty
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