Thursday's Personal Finance stories
- Bank reform may not protect consumers
- Toyota ramps up incentives
- Are retiree health costs really that steep?
But saving another $200,000 or more solely for health costs in retirement? And that's even when you're covered by Medicare? It's hard to fathom, but research from a variety of sources -- private companies on the hunt for your hard-earned cash but also academia -- says it's so.
Or is it? Read Robert Powell's column today for some contrarian opinions on retirement health-care costs.
Of course, the research into those costs doesn't yet account for the new health-reform law, which includes a number of Medicare provisions, including closing the gap in coverage known as the "doughnut hole." Even so, saving early and often is probably not a bad idea.
-- Andrea Coombes , Personal Finance editor
Firm after firm spews out reports about how you'll need hundreds of thousands of dollars to cover health-care expenses in retirement. Are those costs real or is this -- as some cynics suggest -- a ploy on the part of investment firms to gather assets and generate revenue?
See Robert Powell.
Far-reaching legislation aimed at overhauling the nation's financial-services regulatory system is moving forward in Congress, but advocates say some of the proposed consumer protections are too weak.
See full story.
Now more than ever people are eager to hang onto every dollar they can, and social-media sites can help you do just that. My parents, who like many Americans have faced thousands of dollars in medical costs, can now turn to places like PatientsLikeMe.com to save 10% or more on their out-of-pocket expenses.
See Jennifer Openshaw.
It will be years before many Americans figure out how they're impacted by the health-care bill signed into law this week by President Obama, and whether they actually benefit. But the law has an immediate potential payoff in my home.
See Chuck Jaffe.
Toyota Motor Corp. has historically enjoyed selling its cars and trucks without the hefty level of cash-back incentives that U.S. automakers have had to rely upon over the years.
See story on Toyota incentives.
How biofuels might play a role in America's future energy needs and which of the many choices could end up in your gas tank. MarketWatch's Steve Gelsi and WSJ's Russell Gold joins the Digits set to discuss.
Just as the U.S. enacts its own version of an universal health-care system, Europe is struggling with how to trim costly social-welfare benefits that have acted as a long-term drag on hiring and economic growth.
See MarketWatch's Election Blog.
What seemed like a shot to the heart ended up being a call to arms. To the casual observer, Scott Brown's election to replace the late Ted Kennedy in the U.S. Senate on Jan. 19 looked as if it would be the death knell for Democrats' efforts to reform the nation's health-care system.
See story on health-reform fight.
Caterpillar Inc. and Deere & Co. will see costs increase this year when a government subsidy for retiree drug benefits loses its tax-exempt status under the new health-care law.
See story on health-care overhaul.
Bypassing Republican roadblocks, the U.S. Senate on Thursday approved a sidecar bill meant to fix parts of the landmark health-care law signed by President Obama earlier this week.
See story on Senate approves fixes for health law.
If you hate paying airline fees, you have company. A survey finds the most hated fee is tied to choosing your seat.
Listen to Radio Report.
The IRS is warning taxpayers to be wary of phishing schemes in emails and on Web sites - even Twitter.
Listen to Radio Report.
Mortgage rates inched higher this week, following bond yields, but the 30-year fixed-rate mortgage managed to stay just below 5%, according to Freddie Mac's weekly survey of conforming mortgage rates.
The number of people applying for unemployment benefits dropped for the third time in four weeks, reflecting a weak but slowly recovering job market.
See story on jobless claims.
Federal Reserve Chairman Ben Bernanke says record-low interest rates are still needed to support the U.S. economy. Dow Jones Newswires' Grainne McCarthy joins Simon Constable on the News Hub and parses the chairman's comments.
Watch Video Report.
Chuck Carlson, editor of the DRIP Investor newsletter, says that the economy is reverting to a "two yards and a cloud of dust" grind-it-out mentality, but that even with slower potential advances, some setbacks are still on the horizon.
Read Your Money with Chuck Jaffe.
Up Almost 70% from last year's lows, critics say the stock market is overvalued. Dow Jones Adviser columnist James Altucher tells Dow Jones Newswires reporter Shelly Banjo why he thinks stocks like Apple, Stec, and Microsoft are still cheap.
Watch Video Report.