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  • We have $1.6 million but most is locked in our 401(k) plans — how can we retire early without paying so much in taxes?
    Business
    MarketWatch

    We have $1.6 million but most is locked in our 401(k) plans — how can we retire early without paying so much in taxes?

    You bring up an interesting dilemma some retirement savers may not think of, which is having your retirement assets locked away in investment portfolios intended to be used at an older age. Employer-sponsored retirement accounts, such as 401(k) plans, are a great tool for investing for retirement because they are tax-deferred, which means more money is growing until it’s time to withdraw. The first task is to double check on your company’s policy for the age 55 rule (for readers unfamiliar with this rule, it allows people age 55 or older who were separated from their jobs — either because they were fired or voluntarily left — to tap into the 401(k) from their current employer before the required age 59 ½).

  • Workhorse Stock Is Still a Buy Based On Long-Term Prospects
    Business
    InvestorPlace

    Workhorse Stock Is Still a Buy Based On Long-Term Prospects

    Workhorse (NASDAQ:WKHS) investors saw their holdings dramatically increase in value starting about this time last year. WKHS stock went from under $3 apiece last May to a $41.34 close on Feb. 4. That is growth in the 1,300% range. This story had nothing to do with the pandemic. Instead, it was the prospect that the Cincinnati-based EV delivery van manufacturer might land a massive $6 billion USPS contract. Selling $6 billion worth of delivery vans for a company that booked just $377,000 in reven

  • 7 High-Risk, High-Reward Stocks to Buy If You Have an Iron-Clad Stomach
    Business
    InvestorPlace

    7 High-Risk, High-Reward Stocks to Buy If You Have an Iron-Clad Stomach

    With so much enthusiasm baked into the equities sector, many investors undoubtedly feel that now is a time to consider a risk-off profile. Frankly, I agree with these folks. That said, we’re coming off the (hopefully) worst of the novel coronavirus pandemic. Therefore, others believe that the best days are still ahead of us. If you fall into this camp, you may want to dive into high-risk, high-reward stocks. To be 100% clear from the get-go, I’m not endorsing any of the following speculative sto

  • I’m 62, unemployed, living off my savings and waiting on Social Security — ‘Can I go fishing for the next 25 years and forget about work?’
    Business
    MarketWatch

    I’m 62, unemployed, living off my savings and waiting on Social Security — ‘Can I go fishing for the next 25 years and forget about work?’

    See: I’m 40, and a single, military dad of 2; I have rental income, $100K in retirement savings and expect at least $3K a month in retirement — what am I missing? If the level of expenses you provided is accurate, coupled with moderate inflation and an estimated investment growth rate of net 6% to 6.5%, your strategy should be able to hold you over until Social Security and then some, said Brian Robinson, a certified financial planner and partner at advisory firm SharpePoint. “There are enough assets with different taxable circumstances that, if allocated correctly and in the correct types of vehicles, will achieve a sustained retirement through at least age 90,” Robinson said.