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New York Markets Close in:

need to know
Avon reports wider-than-expected loss
PepsiCo profit up 31%, but outlook is soft
SNB chairman won’t rule out further rate cuts
Sweden cuts interest rate further below zero
Total CEO sees oil price rising at end of 2016
European stocks knocked to lowest since 2013
FTSE 100 hits lowest level since 2012
Dollar at lowest vs. yen since late 2014
Shell cancels $14.4 billion bridge credit facility
Hong Kong stocks dive as selloff kicks in

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Twitter is showing Wall Street critics were right
Twitter adds new timeline feature

Jeb Bush says Donald Trump would be worse than Obama
Jeb Bush says Trump would be worse than Obama
Christie, Fiorina drop out of presidential race

FBI has closed in on Oregon refuge holdouts

North Korea reportedly executes top general

India to pick up China’s slack in oil demand

BP CEO calls for cuts to carbon emissions
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s Piigs might fly?


The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Yellen: Fed isn’t sure negative rates are legal
Yellen doesn’t expect to reverse Fed rate hike
Yellen gets into heated exchange at hearing
Bond market, Yellen face off on negative rates

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 in 3 Americans over 65

A break for zombie-fighting Amazon developers
Why Apple, Amazon, Starbucks are successful
Amazon up after new share buyback plan

REIT bonus targets at heart of Brixmor scandal

Private-equity firms now buying back their own shares

Has college financial aid totally backfired?

Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

/conga/frontpage.html 367703

Markets »

12.63MDow Volume:
Avg Vol: 131.80M
Unchanged
133
Decliners
4596
Advancers
815
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 15,672 -243 1.53%
Nasdaq
/quotes/zigman/12633936/realtime 4,233 -51 1.19%
S&P 500
/quotes/zigman/3870025/realtime 1,825 -27 1.48%
GlobalDow
/quotes/zigman/629063/realtime 2,049 -31 1.51%
Gold
/quotes/zigman/33772884/delayed 1,241 +47 3.92%
Oil
/quotes/zigman/2260836/delayed 26.86 -0.59 2.15%
FTSE 100
/quotes/zigman/3173262/delayed 5,571 -102 1.79%
DAX
/quotes/zigman/2380246/delayed 8,829 -189 2.09%
CAC 40
/quotes/zigman/3173214/delayed 3,933 -129 3.16%
FTSE MIB
/quotes/zigman/1482176/delayed 15,922 -793 4.74%
IBEX 35
/quotes/zigman/2759620/delayed 7,832 -311 3.82%
Stoxx 600
/quotes/zigman/2380150/delayed 306 -9 2.94%
Asia Dow
/quotes/zigman/6959860/realtime 2,438 -16 0.63%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.50%
Yen
/quotes/zigman/16008150/realtime/sampled 112.29 -1.06 0.93%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 -0.01 0.47%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.07%
DXY Index
/quotes/zigman/1652083/delayed 95.43 -0.40 0.41%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.73 -0.15 0.17%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.61 -0.06 3.65%
German 10y
/quotes/zigman/15866409/realtime 0.20 -0.04 17.63%
Italy 10yr
/quotes/zigman/15866497/realtime 1.71 +0.07 4.01%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 +0.05 2.89%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.32 -0.09 6.65%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 -1 2.15%
Gold
/quotes/zigman/33772884/delayed 1,241 +47 3.92%
Corn
/quotes/zigman/25518691/delayed 360 -1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,602 -264 1.66%
S&P F
/quotes/zigman/43106711/delayed 1,817 -30 1.62%
Silver
/quotes/zigman/32655632/delayed 16 +0 2.96%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.92 -1.08 -1.07%
AAPL /quotes/zigman/68270/composite 94.20 -0.07 -0.07%
GOOG /quotes/zigman/59527964/composite 674.35 -9.77 -1.43%
BAC /quotes/zigman/190927/composite 11.38 -0.61 -5.05%
C /quotes/zigman/5065548/composite 35.49 -1.92 -5.13%
F /quotes/zigman/264304/composite 11.21 -0.13 -1.11%
T /quotes/zigman/398198/composite 36.28 -0.15 -0.41%
BP /quotes/zigman/247026/composite 27.18 -0.86 -3.07%
GE /quotes/zigman/227468/composite 27.98 -0.33 -1.15%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
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 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

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Trending Tickers
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SmartMoney Blogs

Encore
A blog about living in and planning for retirement

Hope for 401(k) Savers?

Can the 401(k) evolve to provide retirement security, or is it a failed experiment? The point is hotly contested.

Two weeks ago, Sen. Tom Harkin (D., Iowa) proposed revamping the U.S. retirement system by replacing the 401(k) with a privately run retirement plan that would provide lifetime income benefits, similar to a pension.

Now, a new report from Fidelity Investments paints an optimistic picture of the 401(k)’s impact. On Aug. 2, Fidelity released an analysis of the 11.9 million 401(k) accounts it administers. Since 2009, the company says, the average employee contribution in the second quarter rose by $150, to $1,660. Employers, for their part, contributed an average of $950 in the second quarter, up $90 since 2009.

“Rising contribution levels from both employees and employers show a strong commitment that both have to workplace savings plans,” James McDonald, president of Workplace Investing for Fidelity, said in a prepared statement.

The firm said new trends among 401(k) plans have particularly helped members of Gen Y, born between 1979 and 1991. Among the 2.2 million Gen Y participants in plans Fidelity administers:

  • 51% have 100% of their money in a target-date fund, versus 30% of investors of all ages.
  • 8.8% contribute to a Roth 401(k), versus 5.8% of all participants.

Why are these trends positive? With a target-date fund, participants have “better diversified portfolios than previous generations, which can have a positive impact over the long term” on their returns, Fidelity says.

As for those who invest in Roth 401(k)s, they must contribute after-tax dollars. But once they retire, they withdraw the funds tax-free. For younger investors, this is typically a good deal. The reason: They are likely to be in a lower tax bracket when they make contributions than they will be in the future, when they make withdrawals.

“The trends we are seeing among our more than 2 million Gen Y participants are particularly exciting,” Mr. McDonald said in announcing the findings.

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 12)

View all Comments »
    • The entire 401k/403b/457/IRA industry is simply a privatization of Social Security brought about by Americans’ semi-religious faith in markets over principled government. In reality this new system is no less of a “ponzi scheme” than Social Security– zillions of citizens have no choice but to plow their money into existing market entities regardless of the actual worth of those entities… more an more money just keeps coming while somehow our 401ks sit flatly while Wall Street keeps reporting record profits… I wish that Americans would wisen up to what they are losing in terms of the Security in Social Security. Besides the freedom from worry about retirement, we could all spend less time trying to outwit our fellow investors while making better contributions in our actual careers…

    • I think you’re right. The people who open a Roth IRA when they have aecscs to a 401(k) are probably more money-savvy than those who don’t and more personally motivated to save.We just have Roth IRAs because our employer doesn’t provide 401(k)s. Next job, I hope!

    • I agree they cost some Americans jobs through their dicret and indicret subsidies. These are not jobs our economy wants or needs. It frees our labor for higher skilled jobs. The problems are all with them, not US.FIFY.I’m not sure that they’re jobs that aren’t wanted. Besides, why do you seem so willing to sell out the US and the jobs for which are here? You seem to want to remove any path that results in a smooth, pro-US transition that benefits the displaced in a visible way.The visible and financial stuff is what pays the bills; the “imperceptible” does not. They are a convenient scapegoat …that has Audi-driving thugs that make junk and forcibly devalue their currency. We need to fix what’s wrong with us like unions, overregulation, high taxes, and low savings rates.This is the 21st Century, not the 19th or early 20th wrt the first two. If you want to feel like you’re some 19th Century deity in business, go to a Third World country, and don’t come back. But then the rampant corruption will make sure you don’t.goods we get from china have never been cheaper. The quality has also declined as well to mere junk that has the lowest possible opportunity cost (due to its volume crowding out quality). It’s a shame you wish to listen to the siren song from Asia.

    • “As for those who invest in Roth 401(k)s, they must contribute after-tax dollars. But once they retire, they withdraw the funds tax-free.”
      This statement should always end with the caveat “…unless a future Congress changes this for people above a certain adjusted gross income.”

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

New York Markets Close in:

need to know
Avon reports wider-than-expected loss
PepsiCo profit up 31%, but outlook is soft
SNB chairman won’t rule out further rate cuts
Sweden cuts interest rate further below zero
Total CEO sees oil price rising at end of 2016
European stocks knocked to lowest since 2013
FTSE 100 hits lowest level since 2012
Dollar at lowest vs. yen since late 2014
Shell cancels $14.4 billion bridge credit facility
Hong Kong stocks dive as selloff kicks in

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Twitter is showing Wall Street critics were right
Twitter adds new timeline feature

Jeb Bush says Donald Trump would be worse than Obama
Jeb Bush says Trump would be worse than Obama
Christie, Fiorina drop out of presidential race

FBI has closed in on Oregon refuge holdouts

North Korea reportedly executes top general

India to pick up China’s slack in oil demand

BP CEO calls for cuts to carbon emissions
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s Piigs might fly?


The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Yellen: Fed isn’t sure negative rates are legal
Yellen doesn’t expect to reverse Fed rate hike
Yellen gets into heated exchange at hearing
Bond market, Yellen face off on negative rates

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 in 3 Americans over 65

A break for zombie-fighting Amazon developers
Why Apple, Amazon, Starbucks are successful
Amazon up after new share buyback plan

REIT bonus targets at heart of Brixmor scandal

Private-equity firms now buying back their own shares

Has college financial aid totally backfired?

Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

/conga/frontpage.html 367703

Markets »

12.65MDow Volume:
Avg Vol: 131.80M
Unchanged
126
Decliners
4589
Advancers
840
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 15,675 -240 1.51%
Nasdaq
/quotes/zigman/12633936/realtime 4,233 -50 1.17%
S&P 500
/quotes/zigman/3870025/realtime 1,825 -27 1.46%
GlobalDow
/quotes/zigman/629063/realtime 2,049 -31 1.51%
Gold
/quotes/zigman/33772884/delayed 1,242 +47 3.93%
Oil
/quotes/zigman/2260836/delayed 26.85 -0.60 2.19%
FTSE 100
/quotes/zigman/3173262/delayed 5,571 -102 1.79%
DAX
/quotes/zigman/2380246/delayed 8,829 -189 2.09%
CAC 40
/quotes/zigman/3173214/delayed 3,933 -129 3.16%
FTSE MIB
/quotes/zigman/1482176/delayed 15,922 -792 4.74%
IBEX 35
/quotes/zigman/2759620/delayed 7,832 -311 3.82%
Stoxx 600
/quotes/zigman/2380150/delayed 306 -9 2.94%
Asia Dow
/quotes/zigman/6959860/realtime 2,438 -16 0.63%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.50%
Yen
/quotes/zigman/16008150/realtime/sampled 112.29 -1.06 0.93%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 -0.01 0.47%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.07%
DXY Index
/quotes/zigman/1652083/delayed 95.43 -0.40 0.41%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.73 -0.15 0.17%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.61 -0.06 3.65%
German 10y
/quotes/zigman/15866409/realtime 0.20 -0.04 17.63%
Italy 10yr
/quotes/zigman/15866497/realtime 1.71 +0.07 4.01%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 +0.05 2.89%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.32 -0.09 6.65%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 -1 2.19%
Gold
/quotes/zigman/33772884/delayed 1,242 +47 3.93%
Corn
/quotes/zigman/25518691/delayed 360 -1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,602 -264 1.66%
S&P F
/quotes/zigman/43106711/delayed 1,817 -30 1.62%
Silver
/quotes/zigman/32655632/delayed 16 +0 2.96%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.97 -1.03 -1.02%
AAPL /quotes/zigman/68270/composite 94.23 -0.04 -0.04%
GOOG /quotes/zigman/59527964/composite 674.35 -9.77 -1.43%
BAC /quotes/zigman/190927/composite 11.37 -0.61 -5.09%
C /quotes/zigman/5065548/composite 35.49 -1.92 -5.13%
F /quotes/zigman/264304/composite 11.22 -0.12 -1.06%
T /quotes/zigman/398198/composite 36.29 -0.14 -0.38%
BP /quotes/zigman/247026/composite 27.18 -0.86 -3.07%
GE /quotes/zigman/227468/composite 27.97 -0.33 -1.17%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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MarketWatch Portfolio

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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
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 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/41663/composite GLD+3.33%
  • /quotes/zigman/118681/composite TSLA+5.40%
  • /quotes/zigman/20039/composite CSCO+9.02%
  • /quotes/zigman/59392505/composite NUGT0.00%
  • /quotes/zigman/5280737/composite DDD+10.66%
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
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  • Games, such as Virtual Stock Exchange and Beat the Darts
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