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need to know
China to close market this week to honor WW II
CNN shakes up GOP debate criteria
Pope puts abortion forgiveness on the table
Survey may confirm our worst gender fears
GE names first female vice chair
Amgen finds data falsified in diabetes study

NYSE invokes Rule 48 before market open

McDonald’s set to offer all-day breakfast


 
Uber drivers lawsuit  endangers much more than Uber
Uber driver suit can proceed as class-action

Never use a market order when stocks are selling off

Texas edges out North Dakota in this oil list

Where every Fed member stands on raising rates

Rate-hike question is what Yellen didn’t want
Boston Fed president: Sept. doubt remains

New on the shelves of your local Apple Store: drones

Annie Leibovitz is working on UBS’s image

How LVMH poached Apple digital exec Ian Rogers

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
Apple talks to Hollywood for exclusive content
Apple, Cisco team to put business users on iOS
Apple will let iPhone and iPad users block ads
Lost Apple deal leads to 40% job cut at GT

Yahoo CEO Marissa Mayer
Yahoo CEO Marissa Mayer pregnant with twins

Canada’s economy enters recession — arguably

Construction laborers work on the top floor of a high rise apartment building in New York.
Building is emerging as strongest sector of economy
U.S. manufacturing growth at 2-year low: ISM

How China turned minor yuan issue into global rout
Chinese factory data pull Asian shares lower
Beijing bumbling is China’s biggest problem

These are the cars that get the most Instagram attention

Best time to buy a new car may be just around the corner
U.S. car sales are stronger than expected

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA

Trump says Mount McKinley name change ‘insult to Ohio’
Trump: Switch to Denali is ‘insult to Ohio’
Mount McKinley in Alaska is renamed Denali
Which U.S. president has the tallest mountain?

Classified details blacked out in new Clinton emails
Classified details blacked out in new emails
Clinton says she supports ‘revolving door’ bill
Biden a tougher matchup than Clinton: poll

Unlucky lottery winner gets IOU from Illinois

/conga/frontpage.html 353884

Markets »

171.39MDow Volume:
Avg Vol: 111.86M
Unchanged
163
Decliners
5264
Advancers
1172
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,058 -470 2.84%
Nasdaq
/quotes/zigman/12633936/realtime 4,636 -140 2.94%
S&P 500
/quotes/zigman/3870025/realtime 1,914 -58 2.96%
GlobalDow
/quotes/zigman/629063/realtime 2,296 +1 0.04%
Gold
/quotes/zigman/662444/delayed 1,138 -2 0.14%
Oil
/quotes/zigman/2331095/delayed 44.40 -1.01 2.22%
FTSE 100
/quotes/zigman/3173262/delayed 6,059 -189 3.03%
DAX
/quotes/zigman/2380246/delayed 10,016 -244 2.38%
CAC 40
/quotes/zigman/3173214/delayed 4,541 -112 2.40%
FTSE MIB
/quotes/zigman/1482176/delayed 21,451 -491 2.24%
IBEX 35
/quotes/zigman/2759620/delayed 9,993 -266 2.59%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -10 2.73%
Asia Dow
/quotes/zigman/6959860/realtime 2,729 +11 0.40%
Nikkei 225
/quotes/zigman/5986735/delayed 18,436 +270 1.49%
Hang Seng
/quotes/zigman/2622475/delayed 21,191 +6 0.03%
Shanghai
/quotes/zigman/1859015/delayed 3,176 +10 0.31%
Sensex
/quotes/zigman/1652085/delayed 25,762 +66 0.26%
Singapore
/quotes/zigman/1709939/delayed 2,905 +22 0.77%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.25%
Yen
/quotes/zigman/16008150/realtime/sampled 120.16 +0.79 0.66%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 +0.00 0.08%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 +0.00 0.14%
DXY Index
/quotes/zigman/1652083/delayed 95.55 +0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.35 +0.18 0.21%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 +0.00 0.13%
German 10y
/quotes/zigman/15866409/realtime 0.80 +0.06 8.79%
Italy 10yr
/quotes/zigman/15866497/realtime 2.00 +0.08 4.05%
Spain 10yr
/quotes/zigman/15866444/realtime 2.14 +0.08 3.76%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.83 -0.02 1.25%
Japan 10yr
/quotes/zigman/15866525/realtime 0.40 +0.04 10.81%
Crude Oil
/quotes/zigman/2331095/delayed 44 -1 2.22%
Gold
/quotes/zigman/662444/delayed 1,138 -2 0.14%
Corn
/quotes/zigman/7599553/delayed 371 +2 0.41%
DJIA F
/quotes/zigman/38649152/delayed 16,246 +159 0.99%
S&P F
/quotes/zigman/30356461/delayed 1,936 +20 1.06%
Silver
/quotes/zigman/3134148/delayed 15 0 0.38%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.23 -2.20 -2.46%
AAPL /quotes/zigman/68270/composite 107.72 -5.04 -4.47%
GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
BAC /quotes/zigman/190927/composite 15.58 -0.76 -4.65%
C /quotes/zigman/5065548/composite 50.94 -2.54 -4.75%
F /quotes/zigman/264304/composite 13.72 -0.15 -1.08%
T /quotes/zigman/398198/composite 32.32 -0.88 -2.65%
BP /quotes/zigman/247026/composite 32.14 -1.40 -4.17%
GE /quotes/zigman/227468/composite 23.88 -0.94 -3.79%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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3 Ways to Maximize the Payroll-Tax Cut

Now that lawmakers voted to extend the payroll tax break to the end of the year, advisers are urging their clients not to let the extra cash in their paychecks go to waste.

Congress ironed out a deal that extends the cut, which since last year temporarily reduced the 6.2% payroll tax to 4.2%. For a taxpayer earning $50,000, that means roughly $1,000 in savings throughout the year, as opposed to a break of less than $200 through February. The amount, when looked at in each individual check may be too small to get noticed, but advisers say the savings add up over the course of the year. Pros are urging clients to take note of the boost and use it to build up their cash reserves, pay down debt and up their retirement savings. “Don’t let this just get lost in your cash flow,” says June Walbert, a financial planner with USAA. “With it really lasting all year long that’s more critical than ever.”

Of course, since the break has been in effect for over a year already, the savings may already be taken for granted. Some may want to start by setting that cash aside to build up a cash reserve of at least $1,000 before using the savings for anything else, says Walbert. But here is a look at other strategies advisers recommend for making the most of the 2% tax break.

Pay down debt. It could pay to crunch the numbers on how much your family is likely to save through the tax break this year and use that chunk of cash to pay down debt, advisers say. Some taxpayers may want to put the money toward their highest interest credit card, says Frank Armstrong, president of Investor Solutions, a registered investment adviser in Miami. For instance, someone getting $80 more a month can increase their monthly credit card payments by that same amount, he says: “Credit card debt is so ugly.” Taxpayers who have some cash on hand and have little or no credit card debt could also knock several car payments at once, knowing they’ll get the money back over the year, says Walbert.  Another issue to tackle: student loan debt, says Armstrong.

Boost retirement savings. If you’ve got a good grip on your debt, the next best thing to do with the tax break is to up your retirement savings, advisers say. Those who haven’t captured their employer match on 401(k) contributions may want to increase allocations by about 2%, says Armstrong. “That makes it particularly painless because you don’t see the money and you’re not tempted to spend it on an iPad 3,” says Armstrong. Those already getting the maximum match, may consider opening an IRA, which could offer lower expenses and more options, he adds. And in a Roth IRA, the money can grow tax free until retirement and multiply over time, advisers say. For instance, $1,000 invested in a Roth IRA can grow to $5,000 over a 20-year period with an average 8% total return, says Walbert.

Budget for a big purchase. Some taxpayers may want to set aside the cash to cover upcoming expenses, advisers say. While an extra $40 a paycheck may not feel like a lot, over the course of a year it could be enough to cover a laptop for a child heading to college. Savers could also stash the money each month to use it toward buying a home appliance, says Walbert. But before using the tax break as an incentive to take on more debt, keep in mind that the break is temporary, warns Walbert. “I would proceed with caution counting that into my regular budget because it’s not going to be there forever,” says Walbert.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 17)

View all Comments »
    • Why stop at 2%. Just get rid of SS altogether and mandate everyone have a roth savings account. If you are paying into SS, you are working so you can have a Roth IRA. Seems like that makes more sense.

    • $15,413,030,984,842.14 heading toward the next national debt limit before September; fiscal sanity?

    • obama’s 02/16/2012 National Debt $15,413,030,984,842.14 ; this is just another unfunded expenditure? A wise move? Dig the hole deeper to get out?

About Real-Time Advice

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

Tokyo Markets Close in:

need to know
China to close market this week to honor WW II
CNN shakes up GOP debate criteria
Pope puts abortion forgiveness on the table
Survey may confirm our worst gender fears
GE names first female vice chair
Amgen finds data falsified in diabetes study

NYSE invokes Rule 48 before market open

McDonald’s set to offer all-day breakfast


 
Uber drivers lawsuit  endangers much more than Uber
Uber driver suit can proceed as class-action

Never use a market order when stocks are selling off

Texas edges out North Dakota in this oil list

Where every Fed member stands on raising rates

Rate-hike question is what Yellen didn’t want
Boston Fed president: Sept. doubt remains

New on the shelves of your local Apple Store: drones

Annie Leibovitz is working on UBS’s image

How LVMH poached Apple digital exec Ian Rogers

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
Apple talks to Hollywood for exclusive content
Apple, Cisco team to put business users on iOS
Apple will let iPhone and iPad users block ads
Lost Apple deal leads to 40% job cut at GT

Yahoo CEO Marissa Mayer
Yahoo CEO Marissa Mayer pregnant with twins

Canada’s economy enters recession — arguably

Construction laborers work on the top floor of a high rise apartment building in New York.
Building is emerging as strongest sector of economy
U.S. manufacturing growth at 2-year low: ISM

How China turned minor yuan issue into global rout
Chinese factory data pull Asian shares lower
Beijing bumbling is China’s biggest problem

These are the cars that get the most Instagram attention

Best time to buy a new car may be just around the corner
U.S. car sales are stronger than expected

10 cities in U.S. with the very worst traffic problems
Lowest Labor Day gas prices in 11 years: AAA

Trump says Mount McKinley name change ‘insult to Ohio’
Trump: Switch to Denali is ‘insult to Ohio’
Mount McKinley in Alaska is renamed Denali
Which U.S. president has the tallest mountain?

Classified details blacked out in new Clinton emails
Classified details blacked out in new emails
Clinton says she supports ‘revolving door’ bill
Biden a tougher matchup than Clinton: poll

Unlucky lottery winner gets IOU from Illinois

/conga/frontpage.html 353884

Markets »

171.39MDow Volume:
Avg Vol: 111.86M
Unchanged
163
Decliners
5264
Advancers
1172
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,058 -470 2.84%
Nasdaq
/quotes/zigman/12633936/realtime 4,636 -140 2.94%
S&P 500
/quotes/zigman/3870025/realtime 1,914 -58 2.96%
GlobalDow
/quotes/zigman/629063/realtime 2,296 +1 0.04%
Gold
/quotes/zigman/662444/delayed 1,138 -2 0.14%
Oil
/quotes/zigman/2331095/delayed 44.40 -1.01 2.22%
FTSE 100
/quotes/zigman/3173262/delayed 6,059 -189 3.03%
DAX
/quotes/zigman/2380246/delayed 10,016 -244 2.38%
CAC 40
/quotes/zigman/3173214/delayed 4,541 -112 2.40%
FTSE MIB
/quotes/zigman/1482176/delayed 21,451 -491 2.24%
IBEX 35
/quotes/zigman/2759620/delayed 9,993 -266 2.59%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -10 2.73%
Asia Dow
/quotes/zigman/6959860/realtime 2,729 +11 0.40%
Nikkei 225
/quotes/zigman/5986735/delayed 18,463 +297 1.64%
Hang Seng
/quotes/zigman/2622475/delayed 21,191 +6 0.03%
Shanghai
/quotes/zigman/1859015/delayed 3,176 +10 0.31%
Sensex
/quotes/zigman/1652085/delayed 25,762 +65 0.25%
Singapore
/quotes/zigman/1709939/delayed 2,905 +22 0.76%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.25%
Yen
/quotes/zigman/16008150/realtime/sampled 120.17 +0.80 0.67%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 +0.00 0.08%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 +0.00 0.14%
DXY Index
/quotes/zigman/1652083/delayed 95.55 +0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.35 +0.18 0.21%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 +0.00 0.13%
German 10y
/quotes/zigman/15866409/realtime 0.80 +0.06 8.79%
Italy 10yr
/quotes/zigman/15866497/realtime 2.00 +0.08 4.05%
Spain 10yr
/quotes/zigman/15866444/realtime 2.14 +0.08 3.76%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.83 -0.02 1.25%
Japan 10yr
/quotes/zigman/15866525/realtime 0.40 +0.04 10.81%
Crude Oil
/quotes/zigman/2331095/delayed 44 -1 2.22%
Gold
/quotes/zigman/662444/delayed 1,138 -2 0.14%
Corn
/quotes/zigman/7599553/delayed 371 +2 0.41%
DJIA F
/quotes/zigman/38649152/delayed 16,246 +159 0.99%
S&P F
/quotes/zigman/30356461/delayed 1,937 +21 1.08%
Silver
/quotes/zigman/3134148/delayed 15 0 0.38%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.23 -2.20 -2.46%
AAPL /quotes/zigman/68270/composite 107.72 -5.04 -4.47%
GOOG /quotes/zigman/30194416/composite 597.79 -20.46 -3.31%
BAC /quotes/zigman/190927/composite 15.58 -0.76 -4.65%
C /quotes/zigman/5065548/composite 50.94 -2.54 -4.75%
F /quotes/zigman/264304/composite 13.72 -0.15 -1.08%
T /quotes/zigman/398198/composite 32.32 -0.88 -2.65%
BP /quotes/zigman/247026/composite 32.14 -1.40 -4.17%
GE /quotes/zigman/227468/composite 23.88 -0.94 -3.79%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/12221594/composite AMBA-6.30%
  • /quotes/zigman/19622165/composite BBRY-3.29%
  • /quotes/zigman/4534424/composite QIHU-6.26%
  • /quotes/zigman/15952148/composite OVAS-10.65%
  • /quotes/zigman/88601/composite WYNN-5.41%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration

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