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Markets

‘What are the chances? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?

Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major US metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city […]

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Personal Finance

6 questions to ask your financial adviser right now as stocks continue to tumble and viral baby-formula thread shows why moms can’t just breastfeed their way out of a shortage

Hi, MarketWatchers. Don’t miss these top stories. Alexander Skarsgard Selling His Place in NYC for $2.6M “The Northman” star Alexander Skarsgard is placing his East Village apartment on the market for $2.6 million, according to Architectural Digest. Read More Could we ever really get a 4-day work week in the US? Almost 80% of employees […]

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Economy

Two-thirds of Americans live paycheck to paycheck as inflation climbs

Inflation is showing no signs of slowing down, making it harder for workers to make ends meet. The Consumer Price Index increased 8.3% from a year ago, higher than the 8.1% estimate, according to the US Bureau of Statistics. Although it was down slightly from the March peak, inflation is still growing at the fastest […]

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Personal Finance

How to Save for Retirement in Trying Times, According to a Top Financial Expert

Christine Benz, morning star ‘s director of personal finance, is a mix of analytical and practical. Her analytical side of her says US growth stocks are overvalued, so she advises investors to load up on foreign stocks and cheaper US value stocks. Her practical side of her realizes that Americans worry about their mortgages or […]

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Markets

43% of investors say they’re too nervous to get into markets right now

Sarote Pruksachat | time | Getty Images The stock market has been off to a rough start this year. The S&P 500 Index is currently down more than 16% year to date through Monday’s close. That’s sparked worry for some investors. Some 43% said they’re too nervous to invest in the market right now, according […]

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Markets

No, the markets are not panicking about inflation

If you’ve turned on a TV, listened to the radio, or surfed internet news sites recently you’ve almost certainly heard that there is a crisis, and a panic, about inflation. You’ve been told it’s the reason the Federal Reserve is jacking up interest rates. It’s the reason the stock market has been plunging. It’s a […]

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Markets

Here’s why a Roth IRA conversion may pay off in a down market

Walrus Images | E+ | Getty Images Soaring inflation, interest rate hikes and the war in Ukraine have sparked ongoing stock market volatility. But there may be a bright spot: the chance to save money on a Roth conversion. The strategy allows higher earners to sidestep the earnings limits for Roth individual retirement account contributions, […]

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Personal Finance

The 7 levels of financial freedom, according to a millionaire — 50% of US workers are at Level 2

Grant Sabatier isn’t retired. But he could be. One of the leading voices and biggest success stories in the FIRE movement — short for “financial independence, retire early” — the self-made millionaire has amassed enough money to live comfortably off income from his investments in perpetuity. More from Grow:How much you’d have now if you […]