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

Tokyo Markets Close in:

At Arctic conference in Alaska, Obama calls for U.S. leadership on climate
  Reuters
Mount McKinley in Alaska is renamed Denali
Which U.S. president has the tallest mountain?

3 major hurricanes over Pacific for first time ever
 NASA
Hurricane Katrina: New Orleans 10 years later
Atlantic hurricanes lose sway over oil and gas

State Department releases more Clinton emails
U.S. Democratic presidential candidate Hillary Clinton speaks during an event at the New York University Leonard N. Stern School of Business in New York July 24, 2015.  Reuters
Clinton says she supports ‘revolving door’ bill
Biden a tougher matchup than Clinton: poll

Wes Craven’s 5 highest grossing films
Wes Craven’s 5 highest grossing films  Everett Collection

Beijing bumbling is now China’s biggest problem
Paramilitary police officers stand in a line next to passengers as they stand guard at a bus station on Chang'an Avenue near Tiananmen Square, ahead of the APEC leaders summit in central Beijing, on Friday, November 7, 2014.   Reuters
Goldman cuts China economic growth targets
China ‘punishes’ nearly 200 over rumors
Chinese stocks cap a brutal August with loss

Apple, Cisco team to put business users on iOS
Apple Inc.'s iPad Mini is held for a photograph during an Apple launch event in San Jose, California, U.S., on Tuesday, Oct. 23, 2012. Apple Inc. introduced a smaller version of the iPad designed to keep customers from buying low-cost tablets from competitors Microsoft Corp., Amazon.com Inc. and Google Inc. Photographer: Noah Berger/BloombergA iPad mini is pictured during an Apple Inc. launch event on Tuesday, Oct. 23, 2012, in San Jose, California, U.S.Photographer: Noah Berger/Bloomberg News.  Bloomberg
Apple TV could soon be twice as expensive
Lost Apple deal leads to 40% job cut at GT
What to expect at Apple event in September

His brother wants a loan from their late dad repaid
 Terrence Horan/MarketWatch

Here’s why Elon Musk   fears the ‘robocalypse’
Here’s why Elon Musk fears the ‘robocalypse’ Elon Musk
Google’s ‘terrifying’ takes to the wild
A tour of the world’s first robot-staffed hotel

Jobs report could stop rate hike — but not ensure one
Jobs report could prevent rate hike — but unlikely to ensure one
After Jackson Hole, no clear path for the Fed
Where every Fed member stands on rates
Fischer: Fed watching China more closely

Is this all the investing advice you’ll ever need?
Is this all the investing advice you’ll ever need? Harold Pollack
Wild market no threat to your income, spending
/conga/frontpage.html 353762

Markets »

141.44MDow Volume:
Avg Vol: 109.98M
Unchanged
217
Decliners
3378
Advancers
3004
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 16,528 -115 0.69%
Nasdaq
/quotes/zigman/12633936/realtime 4,777 -52 1.07%
S&P 500
/quotes/zigman/3870025/realtime 1,972 -17 0.84%
GlobalDow
/quotes/zigman/629063/realtime 2,354 0 0.01%
Gold
/quotes/zigman/662444/delayed 1,141 +9 0.77%
Oil
/quotes/zigman/2331095/delayed 47.71 -1.49 3.03%
FTSE 100
/quotes/zigman/3173262/delayed 6,248 +56 0.90%
DAX
/quotes/zigman/2380246/delayed 10,259 -39 0.38%
CAC 40
/quotes/zigman/3173214/delayed 4,653 -22 0.47%
FTSE MIB
/quotes/zigman/1482176/delayed 21,942 -52 0.24%
IBEX 35
/quotes/zigman/2759620/delayed 10,259 -94 0.91%
Stoxx 600
/quotes/zigman/2380150/delayed 363 0 0.13%
Asia Dow
/quotes/zigman/6959860/realtime 2,754 -30 1.07%
Nikkei 225
/quotes/zigman/5986735/delayed 18,440 -450 2.38%
Hang Seng
/quotes/zigman/2622475/delayed 21,569 -102 0.47%
Shanghai
/quotes/zigman/1859015/delayed 3,172 -34 1.06%
Sensex
/quotes/zigman/1652085/delayed 26,283 -109 0.41%
Singapore
/quotes/zigman/1709939/delayed 2,909 -12 0.42%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.53%
Yen
/quotes/zigman/16008150/realtime/sampled 120.79 -0.44 0.36%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 +0.01 0.33%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.31%
DXY Index
/quotes/zigman/1652083/delayed 95.57 -0.36 0.37%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.14 -0.29 0.33%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.19 -0.02 1.00%
German 10y
/quotes/zigman/15866409/realtime 0.73 -0.01 1.33%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 +0.01 0.45%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 0.00 0.19%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 -0.02 0.96%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.01 1.78%
Crude Oil
/quotes/zigman/2331095/delayed 48 -1 3.03%
Gold
/quotes/zigman/662444/delayed 1,141 +9 0.77%
Corn
/quotes/zigman/7599553/delayed 374 -2 0.47%
DJIA F
/quotes/zigman/38649152/delayed 16,253 -255 1.54%
S&P F
/quotes/zigman/30356461/delayed 1,936 -34 1.71%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.34%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.43 -1.58 -1.74%
AAPL /quotes/zigman/68270/composite 112.76 -0.53 -0.47%
GOOG /quotes/zigman/30194416/composite 618.25 -12.13 -1.92%
BAC /quotes/zigman/190927/composite 16.34 -0.02 -0.12%
C /quotes/zigman/5065548/composite 53.48 0.20 0.38%
F /quotes/zigman/264304/composite 13.87 0.13 0.95%
T /quotes/zigman/398198/composite 33.20 -0.09 -0.27%
BP /quotes/zigman/247026/composite 33.54 0.28 0.84%
GE /quotes/zigman/227468/composite 24.82 -0.34 -1.35%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

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-0.71%
  • /quotes/zigman/83890/composite MDCO+21.88%
  • /quotes/zigman/413712/composite USO+6.79%
  • /quotes/zigman/242119/composite STJ-2.49%
  • /quotes/zigman/282674/composite FTI+1.46%
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

Email address

Password

Forgot password?

SmartMoney Blogs

Encore
A blog about living in and planning for retirement

Do You Have Enough Cash for a Down Market?

iStockPhoto

As I reported in my “How to Tap Your Nest Egg in a Wild Market?” story, recent market fluctuations led many retirees to wonder how much they could take from their retirement portfolio for income and still be safe.  But perhaps an equally important question for some retirees, especially those who retired early or have smaller nest eggs, say advisers: How do I avoid taking money out of my retirement funds altogether?

One way to avoid having to tap your nest egg is to make sure you have enough liquid assets on hand to cover your annual retirement expenses. “Retirees need three to four years of liquid, stable assets lined up to cover expenses,” says Frank Boucher, founder of Boucher Financial Planning Services in Reston, Va. These assets include savings — look into online banks or credit unions, as these tend to pay higher rates — money market accounts and CDs, which can be laddered so that you’ll get payouts each year, he says. This way, in years where the market isn’t doing well, retirees can pull from their liquid assets to cover expenses, rather than having to take losses.

Another way is to make sure that your portfolio generates enough guaranteed income (along with Social Security payments) to cover basic retirement expenses, so that you don’t have to depend on stock market returns to pay your bills each year. To do this, set up a 10- to 15-year bond ladder, including Treasurys and I Bonds with differing maturities, says Joe Alfonso, founder of Aegis Financial Advisory in Santa Clara, Calif. This bond ladder, along with Social Security, should cover at least your basic expenses like food and housing, he says. “This generates the cash flow that clients need,” he says.

Of course, this isn’t to say that you should never withdraw money from your retirement savings in a down market. In fact, many retirees with a diversified portfolio should still be able to withdraw between 3% and 4% per year even in a bad market and still have their money last through retirement, says Rick Kahler, president of Kahler Financial Group in Rapid City, S. Dak.  Bottom line: Talk to your financial adviser about the best strategy. Need a broker now? Click here to check out SmartMoney’s annual ranking of the best and worst discount and full service brokers.

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 5)

View all Comments »
    • Would it though? I’ll defer to your epexrtise here, but I thought ANWR could produce close to a million barrels a day. Add in areas like the Chukchi sea and we’re talking significant production increase. Yes you are. But it will not be possible to get to 2 million bpd because you will need to amortize the costs of all of the capital needed to develop the area. That will limit your total output even if the estimates are correct. But let us note that all we have are estimates and resources are not exactly the same thing as reserves. There are many great analysts who have done the math and are showing a huge problem with the math. No matter how we spin it and no matter what assumptions we make we can’t get national production to go above the 1970s levels. And keep in mind that the production of tight oil in shale formations is difficult to maintain. This means that the Bakken production will be turning down long before you could get ANWR production to its peak level. To see the future for many producing areas take a at Montana.

    • Yeah, but why would you buy the 2.5L version in 4 door? If you are loonikg for a gas saver, 3. But If you want fun, buyt the hatchback 3 2.5L and its a lot better. More room and looks cooler. I wish they could make a hatch with the 25 mpg city

    • I agree, one income for mohntly expenses isn’t enough! I’ve been looking for a job, too, and it is so hard right now! Thank you for the resource, I’m going to check it out now =) Good luck with your search!I’m following you back now. Thanks for the visit!I have a blog hop called Memory Mondays that I hope you can come join sometime! I consider it a good way to start off the week.. taking a stroll down memory lane to something that we are excited to remember and share! Although I will admit that I’m a little bias. =) Hope to see you there!Kelsi @ ModernMomRedefined.blogspot.com

    • good

    • I just paid $24,31 for an iPad2-64GB and my girlfriend loves her Panasonic GF 1 Camera that we got for $34,26 there arriving tomorrow by UPS. I will never pay such expensive retail prices in stores again. Especially when I also sold a 42 inch LED TV to my boss for $678 which only cost me $68,18 to buy. Here is the website we use to get it all from, CentSpace.com

About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.

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

Tokyo Markets Close in:

At Arctic conference in Alaska, Obama calls for U.S. leadership on climate
  Reuters
Mount McKinley in Alaska is renamed Denali
Which U.S. president has the tallest mountain?

3 major hurricanes over Pacific for first time ever
 NASA
Hurricane Katrina: New Orleans 10 years later
Atlantic hurricanes lose sway over oil and gas

State Department releases more Clinton emails
U.S. Democratic presidential candidate Hillary Clinton speaks during an event at the New York University Leonard N. Stern School of Business in New York July 24, 2015.  Reuters
Clinton says she supports ‘revolving door’ bill
Biden a tougher matchup than Clinton: poll

Wes Craven’s 5 highest grossing films
Wes Craven’s 5 highest grossing films  Everett Collection

Beijing bumbling is now China’s biggest problem
Paramilitary police officers stand in a line next to passengers as they stand guard at a bus station on Chang'an Avenue near Tiananmen Square, ahead of the APEC leaders summit in central Beijing, on Friday, November 7, 2014.   Reuters
Goldman cuts China economic growth targets
China ‘punishes’ nearly 200 over rumors
Chinese stocks cap a brutal August with loss

Apple, Cisco team to put business users on iOS
Apple Inc.'s iPad Mini is held for a photograph during an Apple launch event in San Jose, California, U.S., on Tuesday, Oct. 23, 2012. Apple Inc. introduced a smaller version of the iPad designed to keep customers from buying low-cost tablets from competitors Microsoft Corp., Amazon.com Inc. and Google Inc. Photographer: Noah Berger/BloombergA iPad mini is pictured during an Apple Inc. launch event on Tuesday, Oct. 23, 2012, in San Jose, California, U.S.Photographer: Noah Berger/Bloomberg News.  Bloomberg
Apple TV could soon be twice as expensive
Lost Apple deal leads to 40% job cut at GT
What to expect at Apple event in September

His brother wants a loan from their late dad repaid
 Terrence Horan/MarketWatch

Here’s why Elon Musk   fears the ‘robocalypse’
Here’s why Elon Musk fears the ‘robocalypse’ Elon Musk
Google’s ‘terrifying’ takes to the wild
A tour of the world’s first robot-staffed hotel

Jobs report could stop rate hike — but not ensure one
Jobs report could prevent rate hike — but unlikely to ensure one
After Jackson Hole, no clear path for the Fed
Where every Fed member stands on rates
Fischer: Fed watching China more closely

Is this all the investing advice you’ll ever need?
Is this all the investing advice you’ll ever need? Harold Pollack
Wild market no threat to your income, spending
/conga/frontpage.html 353762

Markets »

141.44MDow Volume:
Avg Vol: 109.98M
Unchanged
217
Decliners
3378
Advancers
3004
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 16,528 -115 0.69%
Nasdaq
/quotes/zigman/12633936/realtime 4,777 -52 1.07%
S&P 500
/quotes/zigman/3870025/realtime 1,972 -17 0.84%
GlobalDow
/quotes/zigman/629063/realtime 2,354 0 0.01%
Gold
/quotes/zigman/662444/delayed 1,141 +9 0.77%
Oil
/quotes/zigman/2331095/delayed 47.71 -1.49 3.03%
FTSE 100
/quotes/zigman/3173262/delayed 6,248 +56 0.90%
DAX
/quotes/zigman/2380246/delayed 10,259 -39 0.38%
CAC 40
/quotes/zigman/3173214/delayed 4,653 -22 0.47%
FTSE MIB
/quotes/zigman/1482176/delayed 21,942 -52 0.24%
IBEX 35
/quotes/zigman/2759620/delayed 10,259 -94 0.91%
Stoxx 600
/quotes/zigman/2380150/delayed 363 0 0.13%
Asia Dow
/quotes/zigman/6959860/realtime 2,755 -30 1.06%
Nikkei 225
/quotes/zigman/5986735/delayed 18,440 -450 2.38%
Hang Seng
/quotes/zigman/2622475/delayed 21,569 -102 0.47%
Shanghai
/quotes/zigman/1859015/delayed 3,172 -34 1.06%
Sensex
/quotes/zigman/1652085/delayed 26,283 -109 0.41%
Singapore
/quotes/zigman/1709939/delayed 2,909 -12 0.42%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.53%
Yen
/quotes/zigman/16008150/realtime/sampled 120.79 -0.43 0.36%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 +0.01 0.33%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.31%
DXY Index
/quotes/zigman/1652083/delayed 95.57 -0.36 0.37%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.14 -0.29 0.33%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.19 -0.02 1.00%
German 10y
/quotes/zigman/15866409/realtime 0.73 -0.01 1.33%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 +0.01 0.45%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 0.00 0.19%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 -0.02 0.96%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.01 1.52%
Crude Oil
/quotes/zigman/2331095/delayed 48 -1 3.03%
Gold
/quotes/zigman/662444/delayed 1,141 +9 0.77%
Corn
/quotes/zigman/7599553/delayed 374 -2 0.47%
DJIA F
/quotes/zigman/38649152/delayed 16,253 -255 1.54%
S&P F
/quotes/zigman/30356461/delayed 1,936 -34 1.71%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.34%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.43 -1.58 -1.74%
AAPL /quotes/zigman/68270/composite 112.76 -0.53 -0.47%
GOOG /quotes/zigman/30194416/composite 618.25 -12.13 -1.92%
BAC /quotes/zigman/190927/composite 16.34 -0.02 -0.12%
C /quotes/zigman/5065548/composite 53.48 0.20 0.38%
F /quotes/zigman/264304/composite 13.87 0.13 0.95%
T /quotes/zigman/398198/composite 33.20 -0.09 -0.27%
BP /quotes/zigman/247026/composite 33.54 0.28 0.84%
GE /quotes/zigman/227468/composite 24.82 -0.34 -1.35%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

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-0.71%
  • /quotes/zigman/83890/composite MDCO+21.88%
  • /quotes/zigman/413712/composite USO+6.79%
  • /quotes/zigman/242119/composite STJ-2.49%
  • /quotes/zigman/282674/composite FTI+1.46%
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

Email address

Password

Forgot password?