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Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

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US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …

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If the bulls really had control, these stock sectors would be the leaders right now

If the bulls really had control, these stock sectors would be the leaders right now

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It’s still a bear market, according to the relative strength ranking of the US stock market sector. This is because the sectors that generally do best at the end of bear markets have been lagging lately. Conversely, sectors that usually do the worst at the end of bear markets have outperformed. This is not what …

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These small-cap stocks could make you the most money in 2023, based on two important data points

These small-cap stocks could make you the most money in 2023, based on two important data points

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Small-cap stocks are trading near a two-decade low against large-cap stocks. When the stock market rebounds next year, as many investment banking strategists expect, these smaller companies could outperform. Below is a screen of analyst favorite small cap stocks for 2023, taken from the S&P Small Cap 600 SML Index, that requires businesses to be …

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"Anti-awakening" reaction? Fund giant Vanguard quits net zero climate alliance

“Anti-awakening” reaction? Fund giant Vanguard quits net zero climate alliance

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Vanguard, the world’s second-largest mutual fund and exchange-traded fund manager, is pulling out of a major financial industry alliance designed to fight climate change, the company announced on Wednesday. Vanguard, in a statement, said it would monitor its progress independently of the alliance, in an effort to provide “clarity” to its investors. Some environmental groups …

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Can you still retire with $1 million? That's what today's millionaires want to know.

Can you still retire with $1 million? That’s what today’s millionaires want to know.

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OK, so a million dollars isn’t what it used to be. That’s the worry of a surprising number of American millionaires. At least that’s what fund management giant Natixis, which owns bond boutique Loomis Sayles, among other companies, reports. Natixis surveyed around 1,600 people with at least $1 million in “investable assets”. And just over …

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$3,000 gold and more outrageous market predictions investors shouldn't discount.

$3,000 gold and more outrageous market predictions investors shouldn’t discount.

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Monday served as yet another blow to investors betting on a Goldilocks economy and a less aggressive Fed. Some are now not ruling out a Grinch-like turn from the central bank – a 0.75% rise next week instead of the 0.50% the markets had pinned their hopes on – following strong data on services, employment …

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I'm 56 and plan to retire at 62. I will have both public pensions and social security - but I also have a child starting college that I want to pay for. Do I need professional help?

I’m 56 and plan to retire at 62. I will have both public pensions and social security – but I also have a child starting college that I want to pay for. Do I need professional help?

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Getty Images/iStockphoto Question: I’m 56 and work for a state university, so I will have a state retirement plan. Previously, I worked full time and contributed to social security for 20 years. I still work part-time and contribute to social security. I plan to retire in six years when I turn 62, and recently started …

I’m 56 and plan to retire at 62. I will have both public pensions and social security – but I also have a child starting college that I want to pay for. Do I need professional help? Read More »

This Brilliant Idea Can Make Everyone Better With Money, Older Americans Say

This Brilliant Idea Can Make Everyone Better With Money, Older Americans Say

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Polls consistently show that older Americans regret a lot of things — working too much, choosing the wrong partner, not taking care of their health, and so on. There are also often financial regrets, such as not having saved enough and investing too little for retirement. This last regret has many reasons: everything from the …

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People have a 'long social distance' due to COVID-19. Economists say this contributes to a decline in labor force participation.

People have a ‘long social distance’ due to COVID-19. Economists say this contributes to a decline in labor force participation.

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More than two years into the coronavirus pandemic, a desire for social distancing still prevents some people from returning to work. It’s a decision, say medical experts, that everyone should make for themselves, based on their own circumstances. Some economists say, however, that people withdrawing from work due to the pandemic can also impact the …

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Liz Weston: Make the most of the new charitable giving rules

Liz Weston: Make the most of the new charitable giving rules

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At LIZ WESTON or NerdWallet Most people no longer get a tax deduction when donating to charity. This shouldn’t stop you from donating, but you may want to change your approach. Generally, only taxpayers who itemize deductions can write off charitable contributions. The vast majority of taxpayers take the standard deduction instead, which was nearly …

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