At 55 years old, I will have worked for 30 years — what are the pros and cons of retiring at that age? 

Dear MarketWatch,  I currently own one home, no mortgage with rental income. I own another home that will be paid off the year I turn 55. Both valued at $750,000.  I have a 401(k) and other stocks and investments totaling another $750,000. My debt will be all paid by the year I turn 55.   I … Read more

Americans’ credit-card balances just zoomed past prepandemic levels

At the end of 2022, Americans racked up credit-card debt at the fastest pace New York Federal Reserve researchers have ever seen, underscoring how many people are turning to cards to keep up with rising costs. Credit-card balances grew by $61 billion during the fourth quarter, totaling $986 billion as Americans shopped for the holidays … Read more

I’m a single dad maxing out my retirement accounts and earning $100,000 – how do I make the most of my retirement dollars?

Dear MarketWatch,  I make over $100,000 a year, and expect to for the foreseeable future. As of now, I am contributing 8% of my income to my 403(b) with a 3% 401(a) match; all Roth. It would be more, but I am maxing out a Roth IRA and an HSA as well each year. I … Read more

AI will take over ‘clerical white collar work’: IBM chief

It’s a bad day to be a paper pusher. Artificial intelligence is on a rapidly aggressive pace to take over “clerical white collar work,” IBM CEO Arvind Krishna said. Amid the explosion of language-based AI ChatGPT, a “marketing moment” Krishna called “incredible” during an interview with the Financial Times, he also forecasted what sort of jobs the tech will … Read more

Who’s going to care for you if you get dementia? And how will you afford it?

If you’re worried about getting old, you’re probably not worrying enough. Yes, that’s a dismal way to begin. But for people in their 60s and up who fear a future dementia diagnosis, grim statistics abound. An estimated 13.8 million people in the U.S. could have Alzheimer’s disease by 2060, compared with 6.5 million today. And that’s just the … Read more

Older workers are a blessing — not a curse

The U.S. economy is performing better than expected with inflation pressures moderating even as 517,000 jobs were added in January and the unemployment rate fell to 3.4%. The unemployment rate for workers 55 years and older dropped from 2.7% in December 2022 to 2.3% in January 2023. That said, there is an underlying unease in … Read more

This CEO says employees not only deserve to work from home, it’s better for business

I have genuine respect for Walt Disney DIS, -3.12% CEO Bob Iger and JPMorgan Chase JPM, -1.38% CEO Jamie Dimon, but I think they are flat out wrong to insist that workers return to the office full time. This is bad for employees, and it’s bad for business. Companies thrive on trust and understanding. Edicts … Read more

‘Grandma shacking up? What example would I set for my grandchildren?’ I want to get married. My fiancé’s adult daughter is against it — she has a list of financial demands.

What advice would you give to a widow and widower considering marriage on how to manage finances — and deal with adult children? We are both 60 years old and plan to work a few more years, mostly for health insurance. We both have about $1.5 million in retirement savings accounts. Our spouses’ 401(k)s and … Read more

‘I will work until I die’ — I’m 74, have little money saved and battle medical issues. ‘I want to retire so I can have a few years to enjoy life.’

Dear MarketWatch,  I appreciate you putting my sad predicament In your column. Somehow I have failed not taking care of myself. I have spent my money on helping my family and was never able to save anything. The two episodes of cancers took me down quite a bit. I’m 74 years old and must continue … Read more

Are mental-competency tests for older politicians ageist?

Former South Carolina Gov. Nikki Haley, 51, announced Wednesday that she was running for president — and in the process, she targeted older politicians and questioned their fitness for their jobs.   Haley, who is one of the first to challenge former President Donald Trump for the 2024 Republican nomination, called for “mandatory mental-competency tests for … Read more