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GoPro stock drops after key supplier’s outlook
Vera Bradley soars on results, upbeat outlook
Oil prices keep sliding; WTI down2%
Europe stocks waver | FTSE 100 regains ground

China stocks rebound from day’s sharp selloff
Intel overhauls chip business to revive PC sales
AT&T urges rejection of TRC Capital offer
Amgen finds data falsified in diabetes study


U.S. productivity rises at fastest pace since end of 2013
Productivity rises at fastest pace since end of 2013

Why gold now looks more risky than stocks
Why gold now looks more risky than stocks: Reeves

Still too many gold market bulls, says Hulbert
Morgan Stanley cuts S&P 500 price target
Tuesday’s 10 weakest S&P 500 stocks

Donald Trump, Hillary Clinton playing game of liar’s poker with the voters
Trump, Clinton play game of liar’s poker: Delamaide
Bush mounts ‘germophobe’ attack on Trump

Workers don’t do better in unions
Opinion: Workers don’t do better in unions
Raising wages to $15 would raise prices by 4%
LA: $15 wage will lift 600,000 out of poverty

Growing doubts among Viacom investors lead to 50% stock drop
Growing doubts among Viacom investors

China stock market to close for World War II anniversary
China tightens controls to fight capital outflows

Guide to managing money from your 20s to your 70s
Guide to managing money from your 20s to your 70s
Take your company pension, or buy an annuity?
Don’t overcomplicate 401(k) transfer to an IRA
Is this all the investing advice you’ll ever need?

Never use a market order when stocks are selling off

Uber drivers lawsuit  endangers much more than Uber
Uber will likely appeal class action decision
Uber driver suit can proceed as class-action

McDonald’s set to offer all-day breakfast

No. 1 restaurant for ‘breakfastarians’ is ...
Teacher with 111 tardies blames breakfast

Where every Fed member stands on raising rates

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

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
New on the shelves of your Apple Store: drones
Apple talks to Hollywood for exclusive content
Lost Apple deal leads to 40% job cut at GT

Unlucky lottery winner gets IOU from Illinois

The 11 richest people on the planet under 35
The 11 richest people on the planet under 35

Babe Ruth’s New York apartment is for sale

These are the cars that get the most Instagram attention
Best time to buy a new car may be just ahead
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


/conga/frontpage.html 353928

Markets »

23.63MDow Volume:
Avg Vol: 111.86M
Unchanged
248
Decliners
2026
Advancers
3929
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 16,208 +149 0.93%
Nasdaq
/quotes/zigman/12633936/realtime 4,681 +45 0.96%
S&P 500
/quotes/zigman/3870025/realtime 1,929 +15 0.77%
GlobalDow
/quotes/zigman/629063/realtime 2,304 +8 0.36%
Gold
/quotes/zigman/662444/delayed 1,138 -2 0.18%
Oil
/quotes/zigman/2331095/delayed 45.40 -0.01 0.02%
FTSE 100
/quotes/zigman/3173262/delayed 6,126 +67 1.11%
DAX
/quotes/zigman/2380246/delayed 10,085 +69 0.69%
CAC 40
/quotes/zigman/3173214/delayed 4,588 +47 1.04%
FTSE MIB
/quotes/zigman/1482176/delayed 21,735 +284 1.32%
IBEX 35
/quotes/zigman/2759620/delayed 10,017 +24 0.24%
Stoxx 600
/quotes/zigman/2380150/delayed 356 +3 0.83%
Asia Dow
/quotes/zigman/6959860/realtime 2,704 -14 0.51%
Nikkei 225
/quotes/zigman/5986735/delayed 18,095 -70 0.39%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,454 -243 0.95%
Singapore
/quotes/zigman/1709939/delayed 2,878 -5 0.16%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.72%
Yen
/quotes/zigman/16008150/realtime/sampled 120.12 +0.74 0.62%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.05%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 +0.00 0.06%
DXY Index
/quotes/zigman/1652083/delayed 95.83 +0.45 0.47%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.54 +0.37 0.42%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.19 +0.03 1.56%
German 10y
/quotes/zigman/15866409/realtime 0.81 +0.01 1.20%
Italy 10yr
/quotes/zigman/15866497/realtime 2.00 +0.01 0.35%
Spain 10yr
/quotes/zigman/15866444/realtime 2.15 +0.01 0.66%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 +0.02 1.13%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.03 8.56%
Crude Oil
/quotes/zigman/2331095/delayed 45 0 0.02%
Gold
/quotes/zigman/662444/delayed 1,138 -2 0.18%
Corn
/quotes/zigman/7599553/delayed 368 -1 0.34%
DJIA F
/quotes/zigman/38649152/delayed 16,225 +138 0.86%
S&P F
/quotes/zigman/30356461/delayed 1,932 +16 0.81%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.72%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.18 0.95 1.09%
AAPL /quotes/zigman/68270/composite 109.93 2.21 2.05%
GOOG /quotes/zigman/30194416/composite 604.67 6.88 1.15%
BAC /quotes/zigman/190927/composite 15.70 0.17 1.06%
C /quotes/zigman/5065548/composite 51.43 0.49 0.96%
F /quotes/zigman/264304/composite 13.74 0.02 0.15%
T /quotes/zigman/398198/composite 32.75 0.43 1.33%
BP /quotes/zigman/247026/composite 31.99 -0.15 -0.48%
GE /quotes/zigman/227468/composite 24.00 0.12 0.50%
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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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Encore
A blog about living in and planning for retirement

How to Write a Financial Plan

iStockphoto

Last week, I wrote about how most people don’t have written financial plans. This prompted one reader to comment, “what would a written plan look like?” Encore asked Eileen Freiburger, founder of ESF Financial Planning Group, to outline the main elements of a financial plan.

1. Create a financial snapshot Before writing a plan, you need to know where you stand. First, document your cash flow, making a list of all assets, income and expenses, including credit card and loan debt, in Excel or in a notebook, she says. To better understand your expenses, gather three months worth of bank statements and credit-card statements so you can see how much you’re spending each month, she says.  Once you’ve gone over those statements, you will then also need to write down larger, less-frequent expenses — like property taxes or that annual vacation — that you tend to make each year or every few years.

2. Make a list of priorities After taking stock in what you have, the next step is to figure out where you want to be. Is retiring at 65 the goal? Or is buying a second home a bigger priority? Until one establishes their priorities, it’s impossible to sort out how to reach them, Freiburger says. A discussion with a financial adviser may help bring one’s priorities into focus, she says.  Once you know them, write out a list of everything you want to do and then rank them by what’s most important to you. Note that you should put getting out of debt and saving for retirement at the top of your list, but it’s up to you as to where you rank that vacation in Aruba or that fur you want to buy.

3. Chart your savings Now comes the hard part — determining how much you need to save to reach your goals. It’s not as simple as saying “I’ll save 10% of my income,” Freiburger says.  First, look at the goals on your list, like getting out of debt and saving for retirement, and figure out how much each will cost.  If you want to get out of debt, check out this calculator, which will show you how much you need to put towards your debt each month to be debt free. If you want to figure out how much you’ll need for retirement, click on SmartMoney’s retirement planner here; once you know that, you can figure out how much you need to save each month to make it happen here.  For each of these goals, there’s likely an online savings calculator (here’s a simple one that works for anything from saving for a vacation to buying a car) that can help you calculate how much you’ll need to save to fund the goal.

Once you know what each goal will cost and how much you will need to save each month to achieve the goal (you should put all of this into written form, either using a spreadsheet or a notebook, Freiburger advises), you can start saving to make them happen. It’s easy to set up an automatic money transfer from your checking account to a savings account to help pay for things like vacations, she says; consider automating retirement savings as well.

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)

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    • I think the worst way to do retirement planning is to save. Don’t get me wrong but all the time I see financial planners trying to reach at that elusive amount which is good enough for a person to retire. Only if the world was so linear and simple like excel based financial models!!
      The best way to retire early, rather the only possible way is to create a parallel and sustainable income stream (apart from your regular job) better still try creating multiple, even though small, parallel income streams.

    • I can??t actually help but admire your weblog website, your site is adorable and nice

    • A financial plan is definitely something that every investor should develop and maintain. These plans are normally called Investment Policy Statements (IPP).

      I would suggest that the IPP be in writing. A formal document that will help maintain discipline and long-term focus.

      The IPP should incorporate one’s investment and personal objectives over the short, medium, and long-term, as these will likely be quite distinct and require different planning strategies. The plan should also include personal constraints that will impact wealth accumulation.

      As well, one needs to consider the time horizon, personal risk tolerance, phase of life cycle, etc.

      I have written a few articles on Investment Policy Statements that expand on these comments. They may be found at http://www.personalwm.com.

    • Thank you for the follow up, I’m hoping it will be helpful to many. I was that reader who asked the question: “what would a written plan look like?” on the last piece. For myself, it was basically a rhetorical question, as I’ve been planning for years, for the early retirement that I am now enjoying. I know though, that so many people are simply too scared to even start down the road to discovery, so they do nothing. The earlier you find out the real answers, the better chance you have of making changes where needed, and truly reaching those goals, whatever they may be. Keep it up!

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

New York Markets Close in:

need to know
GoPro stock drops after key supplier’s outlook
Vera Bradley soars on results, upbeat outlook
Oil prices keep sliding; WTI down2%
Europe stocks waver | FTSE 100 regains ground

China stocks rebound from day’s sharp selloff
Intel overhauls chip business to revive PC sales
AT&T urges rejection of TRC Capital offer
Amgen finds data falsified in diabetes study


U.S. productivity rises at fastest pace since end of 2013
Productivity rises at fastest pace since end of 2013

Why gold now looks more risky than stocks
Why gold now looks more risky than stocks: Reeves

Still too many gold market bulls, says Hulbert
Morgan Stanley cuts S&P 500 price target
Tuesday’s 10 weakest S&P 500 stocks

Donald Trump, Hillary Clinton playing game of liar’s poker with the voters
Trump, Clinton play game of liar’s poker: Delamaide
Bush mounts ‘germophobe’ attack on Trump

Workers don’t do better in unions
Opinion: Workers don’t do better in unions
Raising wages to $15 would raise prices by 4%
LA: $15 wage will lift 600,000 out of poverty

Growing doubts among Viacom investors lead to 50% stock drop
Growing doubts among Viacom investors

China stock market to close for World War II anniversary
China tightens controls to fight capital outflows

Guide to managing money from your 20s to your 70s
Guide to managing money from your 20s to your 70s
Take your company pension, or buy an annuity?
Don’t overcomplicate 401(k) transfer to an IRA
Is this all the investing advice you’ll ever need?

Never use a market order when stocks are selling off

Uber drivers lawsuit  endangers much more than Uber
Uber will likely appeal class action decision
Uber driver suit can proceed as class-action

McDonald’s set to offer all-day breakfast

No. 1 restaurant for ‘breakfastarians’ is ...
Teacher with 111 tardies blames breakfast

Where every Fed member stands on raising rates

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

What to expect at September Apple event
What to expect from the Apple event on Sept. 9
New on the shelves of your Apple Store: drones
Apple talks to Hollywood for exclusive content
Lost Apple deal leads to 40% job cut at GT

Unlucky lottery winner gets IOU from Illinois

The 11 richest people on the planet under 35
The 11 richest people on the planet under 35

Babe Ruth’s New York apartment is for sale

These are the cars that get the most Instagram attention
Best time to buy a new car may be just ahead
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


/conga/frontpage.html 353928

Markets »

23.64MDow Volume:
Avg Vol: 111.86M
Unchanged
234
Decliners
2037
Advancers
3932
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 16,207 +148 0.92%
Nasdaq
/quotes/zigman/12633936/realtime 4,680 +44 0.95%
S&P 500
/quotes/zigman/3870025/realtime 1,928 +15 0.76%
GlobalDow
/quotes/zigman/629063/realtime 2,304 +8 0.36%
Gold
/quotes/zigman/662444/delayed 1,138 -2 0.18%
Oil
/quotes/zigman/2331095/delayed 45.40 -0.01 0.02%
FTSE 100
/quotes/zigman/3173262/delayed 6,127 +68 1.12%
DAX
/quotes/zigman/2380246/delayed 10,085 +70 0.70%
CAC 40
/quotes/zigman/3173214/delayed 4,588 +47 1.04%
FTSE MIB
/quotes/zigman/1482176/delayed 21,735 +284 1.32%
IBEX 35
/quotes/zigman/2759620/delayed 10,015 +22 0.22%
Stoxx 600
/quotes/zigman/2380150/delayed 356 +3 0.83%
Asia Dow
/quotes/zigman/6959860/realtime 2,704 -14 0.51%
Nikkei 225
/quotes/zigman/5986735/delayed 18,095 -70 0.39%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,454 -243 0.95%
Singapore
/quotes/zigman/1709939/delayed 2,878 -5 0.16%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.71%
Yen
/quotes/zigman/16008150/realtime/sampled 120.11 +0.74 0.62%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.05%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 +0.00 0.04%
DXY Index
/quotes/zigman/1652083/delayed 95.83 +0.45 0.47%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.54 +0.37 0.42%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.19 +0.03 1.56%
German 10y
/quotes/zigman/15866409/realtime 0.81 +0.01 1.20%
Italy 10yr
/quotes/zigman/15866497/realtime 2.00 +0.01 0.35%
Spain 10yr
/quotes/zigman/15866444/realtime 2.15 +0.01 0.66%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 +0.02 1.07%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.03 8.56%
Crude Oil
/quotes/zigman/2331095/delayed 45 0 0.02%
Gold
/quotes/zigman/662444/delayed 1,138 -2 0.18%
Corn
/quotes/zigman/7599553/delayed 368 -1 0.34%
DJIA F
/quotes/zigman/38649152/delayed 16,226 +139 0.86%
S&P F
/quotes/zigman/30356461/delayed 1,932 +16 0.81%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.72%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.18 0.95 1.09%
AAPL /quotes/zigman/68270/composite 109.96 2.24 2.08%
GOOG /quotes/zigman/30194416/composite 604.67 6.88 1.15%
BAC /quotes/zigman/190927/composite 15.69 0.16 1.03%
C /quotes/zigman/5065548/composite 51.60 0.66 1.30%
F /quotes/zigman/264304/composite 13.74 0.02 0.15%
T /quotes/zigman/398198/composite 32.75 0.43 1.34%
BP /quotes/zigman/247026/composite 31.99 -0.15 -0.48%
GE /quotes/zigman/227468/composite 24.00 0.12 0.50%
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
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  • /quotes/zigman/219890/composite HRB+6.28%
  • /quotes/zigman/465359/composite OPK+1.30%
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X
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