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Wednesday, April 25, 2012

Personal Finance Daily: If Social Security is plan A, it's time for plan B

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MarketWatch
Personal Finance Daily
APRIL 25, 2012

Wednesday's Personal Finance Stories

By MarketWatch

Personal Finance Daily
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Don't miss these top stories:

What's your plan A for retirement? Well, if it's Social Security and you're already retired, not to worry, Robert Powell writes in his retirement column. But if you're counting on Social Security and you're still saving for retirement, especially if you're under 40, you need a really good plan B.

Trustees for Social Security and Medicare issued their annual report this week, and as in past years, they calculate when the trust funds for these programs could run dry. But those calculations are based on several assumptions, including that no action will be taken by lawmakers to shore them up. Read Bob's column, which takes a look at what lawmakers can do and what investors should do.

Also on MarketWatch, we have a report from Zillow that predicts home prices will bottom this year in 19 of the 30 U.S. real-estate markets it tracks. The Phoenix, Miami-Fort Lauderdale and Tampa areas are expected to see significant home-value increases over the next year, Zillow says. Markets where prices are expected to keep dropping include Atlanta and Chicago.

Anne Stanley , managing editor, Personal Finance

Home prices to bottom in these 19 markets in 2012

Home prices in a majority of the markets covered in Zillow's Home Value Forecast are set to bottom this year — if they haven't already, according to a Zillow report released on Wednesday.
Read more: Home prices to bottom in these 19 markets in 2012.


If Social Security is plan A, it's time for plan B

If plan A in your retirement scheme is Social Security, it's time to start working on plan B. Based on this week's report from the folks responsible for the Medicare and Social Security trust funds, Americans — and especially those under age 40 — need to reconsider their retirement plans.
Read more: If Social Security is plan A, it's time for plan B.


INVESTING

How to profit on this tech bubble

Cody Willard writes that when someone is attacked for turning $250,000 into "only" $78 million, we are in an enormous bubble.
Read more: How to profit on this tech bubble.


Argentina YPF takeover feeds investor worries

Government's expropriation of 51% of energy company YPF from Spanish energy giant Repsol feeds into existing worries about Argentina's economic and financial policies.
Read more: Argentina YPF takeover feeds investor worries.


ECONOMY & POLITICS

Romney wins five, looks to November

Republican presidential candidate Mitt Romney sets his sights squarely on November's election, buoyed by a string of strong primary victories in Northeastern states.
Read more: Romney wins five, looks to November.


Taxpayers still on hook for $119 billion in TARP funds

Taxpayers are still owed $119 billion in outstanding Troubled Asset Relief Program funds, a watchdog for the government crisis-response program says in a quarterly report to Congress.
Read more: Taxpayers still on hook for $119 bln in TARP funds.


Big-ticket orders fall 4.2% in March

Orders for long-lasting U.S. goods fall sharply in March, largely because of fewer bookings for commercial jets, the Commerce Department reports. Orders sink 4.2%, a bigger decline than Wall Street's forecast.
Read more: Orders for big-ticket items fall 4.2% in March.


China says risks contained as activity cools

A government official puts the best face on recent growth data that have raised questions about the No. 2 global economy.
Read more: China says risks contained as activity cools.


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