So you think you’re financially astute? Then try taking the following financial literacy test containing just three basic questions about interest rates, inflation and diversification. Despite being quite elementary, only 34% of adults aged 38 to 64 are able to answer all three correctly. Among millennials this percentage is just …
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Dear MarketWatch, I am finishing 50 years in the airline industry next year, and I am looking to relocate to anywhere north or west of Colorado (including Colorado) — but not California because of the taxes. I will have approximately $ 3,200 a month in Social Security and will hopefully …
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MARKETWATCH FRONT PAGE Your bright ideas about investing are actually costing you money See full story. Amy Coney Barrett emerges as Trump’s front-runner to fill Ruth Bader Ginsburg’s Supreme Court seat: reports Judge Amy Coney Barrett of the 7th Circuit Court of Appeals emerged Saturday as a front-running nominee for …
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Hi, I started working when I was 19 and have been saving half of my salary since my mid-20s. Now at 52, I am tired of both the rat race and workplace politics. With the virus, it feels even worse. I have saved about $ 800,000 in trading, $ 800,000 …
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Dear MarketWatch, My husband and I are in our mid-50s and plan to retire in about 10 years. We live in northern New Jersey and want to move somewhere that has less extreme weather and lower taxes. We will have around $ 6,500-$ 7,500 a month in retirement, inclusive of …
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Wow. With less than three months to go in an election year, President Trump, clearly trailing in the polls, has touched the so-called “third rail” of American politics: Entitlements. Reviving an idea that he backed away from only a few weeks ago, he said recently that he wanted to eliminate …
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Dear MarketWatch, I’m a 63-year-old widow laid off from my restaurant job of 34 years. I’ll never be able to make the money I was making before COVID. I was going to work for a few more years to pay off some bills. I was thinking about getting survivor’s benefits …
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Dear MarketWatch, I’ve been a stay-at-home mom for five years to a 4-year-old and 2-year-old. I’m 32 and I don’t see a clear deadline for when I can return to work. My husband makes 150k a year and is contributing to his 401(k) at 3% with a 3% match. My …
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Dear MarketWatch, I currently live in upstate New York (Saratoga County). I will retire from my state government job with an $ 80,000 public pension. If I stay, I won’t have to pay state income taxes on my pension, Social Security and the first $ 20,000 annually from my deferred …
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