Thursday's Personal Finance Stories
By MarketWatch
Don't miss these top stories: Where you choose to spend your time in retirement may be a matter of where you must spend your retirement, or where your family is or where it makes good economic sense. But it's helpful to know which regions of the U.S. offer economic and lifestyle advantages for retirees. So Robert Powell talked with John Brady, president of TopRetirements.com, about the best places in the United States to retire. Brady's list is based on his assessment of how states deal with income tax, taxation of Social Security, taxation of pensions and property taxes, as well as the cost of living, health-care expenses and climate. For the 2012 list, Florida — long a favored heaven for retirees — doesn't top of the list anymore, although it still makes the top 10. Powell writes: "Pull up a rocking chair and a glass of Jack and cola if you want," and see which state leads the pack.— Anne Stanley , managing editor, Personal FinanceThe 10 best states to retire in
It's not what you think. Yes, warm-weather states are in general the best places to which to retire in the United States. Florida — as always — is on the list. But the Sunshine State is no longer the top place for retirees, according to research just completed by TopRetirements.com. That title now belongs (pull up a rocking chair and a glass of Jack and cola if you want) to Tennessee.
See the slide show: 10 best states to retire in. Mortgage rates down — again
Mortgage rates hit record lows in the week ending June 7, with the 30-year, fixed-rate mortgage average declining to 3.67% from 3.75% in the prior week, Freddie Mac said Thursday in its weekly report. These data go back to 1971. The rate was 4.49% a year earlier.
Read more: Mortgage rates down — again. ECONOMY AND POLITICS
Fed ready to act if stresses mount: Bernanke
The Federal Reserve stands ready to act to protect the financial system and the economy in the event that stresses from the European crisis escalate, the Fed chief says.
Read more: Fed ready to act if stressed mount. Households cut debt again in first quarter
American households cut their overall debt again in the first quarter and saw a $2.8 trillion increase in net wealth owing to stock-market gains — gains that have since evaporated.
Read more: Households cut debt again in first quarter. Initial weekly U.S. jobless claims fall to 377,000
The number of new filings for unemployment benefits declined last week but remain at a level consistent with mediocre hiring trends.
Read more: Initial weekly jobless claims fall to 377,000. Bank of England maintains holding pattern
The Bank of England left its key lending rate unchanged and held the size of its asset-purchase program at 325 billion pounds, as expected.
Read more: Bank of England in a holding pattern. Fed set to propose Basel capital rules
The central bank is set to vote on whether to propose capital rules for banks, with regulatory observers arguing that the new buffers could hamper lending and have unintended consequences.
Read more: Fed set to propose Basel capital rules. Fed's Yellen keeps door open for more easing
A top Federal Reserve official said the door remains open for more easing of monetary policy, especially if central bankers are worried about the downside risks to the outlook.
Read more: Fed's Yellen keeps door open for more easing. INVESTING
Time to start throwing money at euro crisis
If European officials start throwing money at the problem, they will have finally accepted the solution that was obvious from the beginning, according to Darrell Delamaide.
Read more: Time to start throwing money at the euro crisis. Barnes & Noble complaint smacks down the DOJ
Barnes & Noble Inc. (BKS) has filed a complaint to protest the proposed settlement the Justice Department has reached with some book publishers over allegations of price-fixing to counter the monster that is eating the publishing industry, Amazon.com Inc. (AMZN)
Read more: Barnes & Noble complaint smacks down the DOJ. Top performer's sudden sprint
The Investment Reporter, a long-established service based in Toronto, has enjoyed some strong recent success, but its long-run record means more, writes Peter Brimelow.
Read more: Top performer's sudden sprint Obama's following me; and the bull is back
The markets leaped on the idea that another round of financial cannon fire from central banks is soon to save the day, but that's as far-fetched as the notion that the president is chasing the author across the country.
Read more: Obama's following me; and the bull is back. Will Apple roll out iPhone 5 next week? Not likely
As fans obsessed with Apple Inc. (AAPL) and media start to speculate what the company has in store for its developer conference next week, the iPhone 5 is not likely in the cards, with some analysts expecting a focus on software and Mac upgrades.
Will Apple roll out iPhone 5 next week? Not likely. 
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