Markets News Stocks 

Is the stock market up or down? Is the bull run beginning or ending? It depends.

“Is the bull market in its 11th year or just in its 11th week?” writes Allan Sloan Is for washingtonpost.com. That means both indicators are deemed to be in a bull market that had started on Dec. 24.Is the stock market up today or is it down today?. The first one is broad and involves how stock market indicators work.Partly because of what I’ve taken to calling the bifurcated bull market. Source: washingtonpost.com

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The Cradle Act would tap Social Security to fund parental leave—here’s what financial advisers think

“Almost every industrialized country except the U.S. gives working mothers at least three months of paid maternity leave, and in most of those countries, such programs are funded through a tax” writes Kerri Anne Renzulli for cnbc.com. But having workers tap their Social Security income early and delay retirement is likely to have big effects on their entire financial lives, not just the few months they cared for their new baby, according to financial planners CNBC Make It spoke with. Source: cnbc.com

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What it means when 21% of Americans aren’t saving any money at all

“Among those who do manage to put some money away, a majority are putting away less than 10% of their income” reports fastcompany.com. Millennials and gen-Xers, though, are more likely to say they’re not saving any money at all, or that they’re not saving more than 10% of their income.A new survey from Bankrate, which interviewed 1,003 respondents via telephone, found that about one-fifth of working Americans–21%–aren’t saving any money at all.It also means that many people have no money saved for their retirement–and even mentioning that reality probably stressed out…

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Alicia Munnell: People need to use their home equity in retirement

“The one potential bright spot is housing equity, which is the major non-pension asset for most families in the U.S. and can be tapped to provide retirement income” writes Alicia H for marketwatch.com. Getting rid of the step-up in basis would improve the tax code, raise revenues, and eliminate the tax penalty for downsizing.The final income tax payment collects the tax on the long-deferred capital gains, and the estate tax limits how much money can be passed down to the next generation.The tax code works against the first option: downsizing.They…

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Here’s how many working Americans aren’t saving any money for retirement or emergencies at all

“Working Americans are still struggling when it comes to saving money for both their short-term and long-term goals: More than one in five (21 percent) don’t save any of their annual income” writes Kathleen Elkins for cnbc.com. That’s according to a new survey from Bankrate.com, which asked 1,000 working American adults how much of their annual income they set aside for retirement, emergencies and other financial goals.”Millennials and Gen Xers, on the other hand, are more likely to say they’re not saving any money at all.”. And that’s if you…

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People need to use their home equity in retirement

“The one potential bright spot is housing equity, which is the major non-pension asset for most families in the U.S. and can be tapped to provide retirement income” writes Alicia H for marketwatch.com. Getting rid of the step-up in basis would improve the tax code, raise revenues, and eliminate the tax penalty for downsizing.The final income tax payment collects the tax on the long-deferred capital gains, and the estate tax limits how much money can be passed down to the next generation.The tax code works against the first option: downsizing.They…

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3 ways people may save for retirement in the future

“And while about 140 million people participate in retirement plans, the proportion of the employed workforce covered by these plans has never gone above 70 percent” writes John Scott for marketwatch.com. Employers will be crucial stakeholders in the U.S. retirement system for the foreseeable future.Today, only about half of private sector businesses offer retirement benefits.So, if we can’t count on more employers to voluntarily offer retirement benefits or on employees to save on their own, what can we do to help American workers build a financially secure retirement?. The vast…

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What you need to do in your 20s, 30s, 40s, and 50s to save enough money to retire, according to experts

“Regular contributions of monthly payments and consistently aiming to stay ahead of inflation are key, and it’s important to maintain the amounts you’re investing” writes H Ctor Chamizo for businessinsider.com. According to Castelo, the sooner you start investing, “the more time you have for investments to grow, based on the compound interest effect.”. When investing for retirement, you need to take into account the same criteria you would for any other investment.In fact, experts suggest that over this stage of life and the next is when you’ll be able to…

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