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September 17, 2021

Personal saving

Student debt can make buying a home feel impossible. Here are your options

CNBC
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......

New York City is funding college plans for students in the hopes of closing the wealth gap

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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......

Democratic plan would close tax break on exchange-traded funds

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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......

Impulse spending is an issue for many consumers. These tips can help you rein in the habit

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CNBC – For more and to sign up click here miniseries | E+ | Getty Images Setting up a household budget and sticking to it can be challenging. Impulse shopping doesn’t make it any easier. About 42% of consumers say they are worsening their financial situation by doing things like......

This is the age when Americans say they plan to retire

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CNBC – For more and to sign up click here Kieferpix | iStock | Getty Images Many Americans are eager to retire. Yet one big concern about their golden years looms over them – whether or not they will have financial security. The average age at which Americans say they......

Paying off debt, saving money and retirement planning: How to prioritize your financial goals

CNBC Real Estate
Determining the best way to ensure your financial security can seem overwhelming. For James and Michelle Bethe, deciding what to do with the $200,000 they had in savings had them at a standstill. As a teacher, Michelle, 36, has a pension for retirement and James, 38, has some money in......

You don’t have to be Britney Spears to get a prenuptial agreement

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CNBC – For more and to sign up click here Millions of people congratulated Britney Spears on her recent engagement. Almost as many urged her to get a prenuptial agreement. Her fiancé, Sam Asghari, was already on board. “Thank you everyone who is concerned about the prenup! Of course we’re......

Stimulus checks and unemployment benefits lowered poverty in 2020, Census says

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CNBC – For more and to sign up click here People wait in line at a food distribution site in the South Bronx on March 10, 2021 in New York. Spencer Platt | Getty Images News | Getty Images Poverty declined in 2020 by one measure following large amounts of......

Here’s how much money you should have in your retirement accounts by age 30, 40, 50 and beyond

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CNBC – For more and to sign up click here You can use your current salary to estimate how much money you’ll need for retirement. People should aim to retire with around 10 times their current income, according to a list of benchmarks put together by Fidelity. The amount of......

Hispanic families were less likely than white ones to have received stimulus payments or the child tax credit last year

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CNBC – For more and to sign up click here SDI Productions | E+ | Getty Images About 78% of Hispanic families received stimulus payments over the last year and a half, compared with 96% of white respondents, according to a recent study conducted by Ipsos and a group of......

Looking to vacation for less? Here are the most, and least, affordable destinations in the U.S.

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CNBC – For more and to sign up click here A tourist boat passes cowboy statues along Oklahoma City’s Bricktown Canal. Western heritage is a big draw in Oklahoma’s capital. Oklahoma City Convention and Visitors Bureau Ready to head out on vacation after the long pandemic-era drought — but not......

Democrats float a tax on investments to help pay for $3.5 trillion budget plan

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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 Congressional Democrats are floating a slew of taxes to help cover......

Many teens are reluctant to invest in the stock market after the GameStop frenzy, survey finds

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CNBC – For more and to sign up click here Teenagers have mixed feelings about the stock market after GameStop‘s trading frenzy, according to a survey from nonprofit youth organization Junior Achievement USA and tax, accounting and consulting firm RSM examining their beliefs about investing.  Following GameStop’s rises and falls,......

Unemployment benefits ended for millions of Americans. These extended pandemic programs may provide help

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CNBC – For more and to sign up click here People wait in line in Louisville, Kentucky, as Kentucky Labor Cabinet reopened 13 regional Career Centers for in-person unemployment insurance services on April 15, 2021. Amira Karaoud | Reuters Enhanced federal unemployment insurance put in place during the coronavirus pandemic......

Confused about retirement savings plans? Here’s how to choose the right one for you

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CNBC – For more and to sign up click here Tim Robberts | Stone | Getty Images While Americans know they need to save for retirement, many are still coming up short. More than half of U.S. workers between the ages of 40 and 73 have less than $50,000 set......

Here’s how much your benefits could drop if Social Security trusts run out of money

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CNBC – For more and to sign up click here The Social Security Administration needs more money. The government agency’s latest report shows that the combined trust funds used to pay Social Security retirement, survivor and disability benefits will only be able to pay out as scheduled through 2033. After......

Here are some strategies to pay off that big credit card debt

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CNBC – For more and to sign up click here Tippapatt | iStock | Getty Images It’s yet another example of how the pandemic’s economic recovery has been uneven: While overall credit card debt is on the decline, others are seeing their balances mushroom into huge figures. Money Management International,......

Many companies are offering generous tuition assistance so workers can go back to college

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CNBC – For more and to sign up click here Since the start of the pandemic, some workers have had to put their higher education goals on hold. Now, more companies are trying to help revive those college aspirations. Target and Walmart recently announced tuition reimbursement programs to help employees with the......

Here’s how retirement plan tax breaks may widen racial wealth gaps

CNBC
CNBC – For more and to sign up click here vitapix | E+ | Getty Images Tax breaks for retirement plans, such as 401(k) plans and individual retirement accounts, may reward workers for saving more money, but these write-offs may also be widening the racial wealth gap. That’s according to......

Op-ed: What the Rolling Stones can teach us all about investing

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CNBC – For more and to sign up click here Charlie Watts of the Rolling Stones on stage during the band’s 1997-98 Bridges to Babylon tour. Paul Natkin | Archive Photos | Getty Images One of the greatest rock ‘n roll bands in the world recently lost their beat. Charlie......

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