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Having sufficient income after your career ends is worrying enough, but you also need to make sure your income grows.
Paul Merriman explains how to estimate how much of a nest egg you will need during retirement, but also provides a flexible withdrawal plan to help you weather storms and avoid running out of money.
Should you flee high taxes?
Between April 1, 2010, and July 1, 2019, the population of Texas increased by 15.3%, while Florida saw a 14.2% increase. Neither Texas nor Florid has a state income tax. Meanwhile, the population of California rose by 6.1% and the population of New York climbed only 0.4% — two states with high income-tax brackets for high earners.
Do you think those population numbers have mainly been driven by tax concerns? That may not be the case, as Michael J. Hicks explains.
Honest Co. jumps after IPO
Honest Co. founder Jessica Alba and CEO Nick Vlahos ring the Nasdaq opening bell May 5. (Getty Images for The Honest Co.)
Honest Co.
HNST,
was founded by Jessica Alba in 2012. The company, which sells consumer and household products meant to promote “clean” living, had a successful initial public offering this week. Tonya Garcia looks at the IPO’s results and an analysis of the stock’s valuation from New Constructs and via interviews with Honest Co. CEO Nick Vlahos.
Biden’s big move may help millions, but hurt … lobbyists
U.S. Trade Representative Katherine Tai said on Wednesday that the Biden administration supports waiving intellectual-property protection for Covid-19 vaccines, so that companies in countries that lack vaccine supplies may produce their own generic versions.
A quick opening up of generic coronavirus vaccines would run counter to drug industry lobbying efforts, writes Victor Reklaitis.
A warning for individual investors
The end of most trading commissions by discount brokers would seem to be good news to individual investors, but Securities and Exchange Commission Chairman Gary Gensler has a warning. The “concentration” that can so easily occur in the modern economy — Google’s search dominance, for example — can lead to market distortions that can hurt individual investors and traders. Here’s how he might fix that problem in the stock market.
Mountains, good weather, moderate expenses and the beach
A kayaker on a lake in Greensboro, North Carolina. (Getty Images/iStockphoto)
It’s easy to have an impossible retirement wish list, but it’s not a bad way to begin your search — you can compromise later. This week, as part of her Where Should I Retire series, Silvia Ascarelli has suggestions for a couple who are looking to retire in five years and want to be in a mountainous region with mild weather and amenities that isn’t too far from a beach.
For your own retirement location search, try MarketWatch’s upgraded retirement location tool, which now includes data for more than 3,000 U.S. counties.
Uber takes it on the chin
Uber Technologies Inc.
UBER,
reported first-quarter results May 5. Therese Poletti explains how a ruling in the U.K. that forced the ride-sharing company to reclassify tens of thousands of employees as full-time workers has affected its financial performance.
Here’s what further changes may be in store for Uber, Lyft and other “gig-economy” companies that classify workers as contractors.
Warren Buffett’s successor
Vice Chairman Greg Abel is in line to succeed Warren Buffett as Berkshire Hathaway CEO. (AP)
Berkshire Hathaway Inc.
BRK.B,
has confirmed that it plans for Greg Abel, the company’s vice chairman, to succeed Warren Buffett as CEO. Lawrence A. Cunningham looks into Abel’s background and what his taking of the top job might mean for Berkshire’s corporate culture.
Epic bites Apple — round one
The trial of Epic Games’s lawsuit against Apple Inc.
AAPL,
has begun, with executives from Microsoft Corp.
MSFT,
and Nvidia Corp.
NVDA,
adding their voices to complaints about what Epic calls Apple’s monopoly over the distribution of software for iPhones. Jon Swartz describes the first week of what is expected to be a three-week trial.
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A display of 1-kilogram gold bars. (Photo by Martin Abbugao/AFP via Getty Images)
In an exclusive for MarketWatch subscribers, Mark Hulbert takes a technical look at the rise in gold prices.
More for MarketWatch subscribers: Visa vs. Mastercard — should you buy either stock now?
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