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September 22, 2021

personal finance

As the Fed sticks to its near-zero rate policy for now, here’s what that means for you

CNBC Real Estate
by CNBC Real Estate00
Even though the Federal Reserve didn’t raise its benchmark rate Wednesday, your borrowing costs may still start to head higher. Rising prices brought on by the economic recovery are paving the way for the central bank to unwind last year’s bond buying. While the central bank said that interest rates will......
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Why renters are struggling so much now

CNBC Real Estate
by CNBC Real Estate00
People protest for a moratorium on evictions on Aug. 4, 2021 in New York. Stephanie Keith | Getty Images Millions of renters are at risk of financial hardship as federal and state relief measures wind down. That’s a new warning from the Consumer Financial Protection Bureau, which found that the......
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A prolonged stock market pullback can pose a big risk early in retirement. Here’s what to know

CNBC
by CNBC00
CNBC – For more and to sign up click here New retirees — or anyone on the verge of retiring — may want to consider what an extended stock market dip would mean for their portfolio over the long term. While the market has partially rebounded from Monday’s slide, it’s......
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Families with up to $50,000 in income have saved and invested their monthly child tax credit payments, research shows

CNBC
by CNBC024
CNBC – For more and to sign up click here Halfpoint Images | Moment | Getty Images New data on the monthly child tax credit payments shows how parents earning up to $50,000 a year are using the extra money. They’re investing it. The monthly checks started in July, and......
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3 key differences between a Roth 401(k) and a Roth IRA

CNBC
by CNBC046
CNBC – For more and to sign up click here The Good Brigade | DigitalVision | Getty Images Roth accounts are after-tax accounts with unique benefits for retirement savers. Namely, investments grow tax-free, and withdrawals aren’t subject to tax during one’s retirement years. But there are some key differences between......
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House Democrats’ plan would prohibit individual retirement accounts from holding private equity, hedge funds

CNBC
by CNBC01
CNBC – For more and to sign up click here Chip Somodevilla | Getty Images News | Getty Images A tax package unveiled by House Democrats would forbid individual retirement accounts from holding certain private investments typically reserved for the wealthy. While proponents think the proposal would raise investor protection......
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The stock market may be losing steam. Is it time to sell?

CNBC
by CNBC022
CNBC – For more and to sign up click here fizkes | iStock | Getty Images Your 401(k) plan may have seen better days. A flurry of market risks have stocks in the red this week, with the Dow Jones Industrial down more than 800 points on Monday, or 2.4%.......
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Bitcoin is cratering, again. What investors should keep in mind

CNBC
by CNBC018
CNBC – For more and to sign up click here Bitcoin resting on United States dollar banknotes. Nicolas Economou | NurPhoto | Getty Images Bitcoin‘s trademark volatility is again rearing its head, showing investors the risk they’re signing up for when they put money into the cryptocurrency. The digital coin......
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What the federal debt ceiling showdown could mean for you

CNBC
by CNBC020
CNBC – For more and to sign up click here The clock is ticking on the federal debt ceiling. Lawmakers have until the end of this month to raise the debt limit once again. In a Wall Street Journal op-ed Sunday, Treasury Secretary Janet Yellen said failing to act could spark an economic......
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A 31-year-old ‘frugal’ millionaire explains why he decided to start spending more money

CNBC
by CNBC017
CNBC – For more and to sign up click here Graham Stephan is on track to make more than $6 million this year, and he’s finally allowing himself to open up his wallet. For years, the 31-year-old YouTuber cut costs anywhere he could, eschewing everything from designer clothes to coffee......
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There’s only a few months left to sign up for advance child tax payments. Here’s what it means for future checks

CNBC
by CNBC091
CNBC – For more and to sign up click here svetikd | E+ | Getty Images Millions of American families with kids have received three monthly payments since July totaling $45 billion through the new enhanced child tax credit. There’s a limited amount of time for families with eligible children......
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The Delta variant is causing many Americans to lose income. Here’s what to do if you’re one of them

CNBC
by CNBC037
CNBC – For more and to sign up click here Food is served at an outdoor restaurant in New York, August 3, 2021. Caitlin Ochs | Reuters As the Delta variant has wound its way through the U.S., signs show it is also hitting the wallets of some Americans. A......
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Want to raise financially healthy kids? Here’s what to do — and mistakes to avoid

CNBC
by CNBC028
CNBC – For more and to sign up click here You want your kids to have a healthy financial life, yet knowing how to help make that happen may leave you stumped. It may be especially hard if you have your own money struggles. Yet teaching them as early as......
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Long-term care needs among retirees varies widely, new research shows

CNBC
by CNBC05
CNBC – For more and to sign up click here Sac C Wat’hn Buy Thna Thwi Phl / EyeEm | EyeEm | Getty Images One of the biggest unknowns for retirees may be whether they’ll eventually need long-term care — that is, help with daily living activities — and to......
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Health savings accounts aren’t being used by older Americans who need them the most

CNBC
by CNBC026
CNBC – For more and to sign up click here LifestyleVisuals | E+ | Getty Images Many older Americans worry about rising medical expenses, and those who may benefit most from a tax-friendly health savings account are the least likely to have one.  That’s according to a report from the National Poll......
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Student debt can make buying a home feel impossible. Here are your options

CNBC
by CNBC025
CNBC – For more and to sign up click here @canada_by_alexis | iStock | Getty Images Half of people who haven’t yet purchased a home point to their student debt as a reason for the delay. That’s the finding from a new report by the National Association of Realtors, which......
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New York City is funding college plans for students in the hopes of closing the wealth gap

CNBC
by CNBC014
CNBC – For more and to sign up click here Rukiya Zaman, 7, received a $100 in a scholarship 529 college savings plan as part of a New York City pilot program aimed at closing the wealth gap. Her parents have since started saving in their own account. CNBC Rukiya......
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A paid family leave policy could be coming to the U.S. Here’s what it would look like

CNBC
by CNBC030
CNBC – For more and to sign up click here Halfpoint | iStock | Getty Images Legislation moving through Congress would make 12 weeks of paid family and sick leave available to most workers, and remove the U.S. from the small list of countries that are currently without such a......
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Democratic plan would close tax break on exchange-traded funds

CNBC
by CNBC0116
CNBC – For more and to sign up click here U.S. Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles P. Rettig at a June 8, 2021 Senate Finance Committee hearing. Tom Williams | Pool | Reuters Senate Finance Committee Chairman Ron Wyden, D-Ore., has floated a new......
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