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April 14, 2021

Personal saving

Pressure mounts for Biden to forgive student debt

CNBC
CNBC – For more and to sign up click here Alex Wong | Getty Images News | Getty Images While the latest Covid stimulus package and a new massive infrastructure bill are the main topics of conversation in Washington of late, President Joe Biden continues to be under mounting pressure......

New $3,000 child tax credit to start payments in July, IRS says

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CNBC – For more and to sign up click here kate_sept2004 | E+ | Getty Images But on Tuesday, when Sen. Sherrod Brown, a Democrat from Ohio and ranking member of the Senate Banking Committee, asked Rettig if the IRS would be ready to start monthly child tax credit payments......

These resources can help you teach your kids about money

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CNBC – For more and to sign up click here kate_sept2004 | E+ | Getty Images Much has been said about the importance of teaching your children about money. Yet you may not know where to start or even feel like you know enough about finances yourself. “Many parents avoid......

Learn in 60 seconds: Three simple ways to quickly grow your savings

CNBC
CNBC – For more and to sign up click here Tori Dunlap spends a lot of time thinking about the most effective ways to handle cash. The former marketer quit her job after tucking away $100,000 by age 25. Dunlap now runs Her First 100K, a company that teaches women......

Bidding wars, lack of houses and desperate buyers: How to navigate buying a home this spring

CNBC Real Estate
After looking at more than 50 houses and writing 17 offers, Taryn and Antonio Orellana recently closed on a house in Lakewood, Calif. Source: Taryn Orellana When pandemic life began to feel too tight inside the one-bedroom apartment Taryn Orellana shared with her husband, Antonio, she knew they had to......

How much you need to invest per month to retire at 45 with $30,000 in passive income

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CNBC – For more and to sign up click here A little math can go a long way. There is a simple way to get an estimate of how much money you will need to save for retirement. You figure out how much you spend per year, then work your......

Suze Orman: The market ‘reminds me of 2000,’ and you need to be ready for a correction. Here’s how you should prepare

CNBC
CNBC – For more and to sign up click here Suze Orman, who has spent decades teaching people about money, knows market swings aren’t uncommon. Orman was on the airwaves when Covid dropped stock prices last spring. The best-selling author helped her followers through the housing crisis in 2008 and......

Biden tax plan may lead to more Roth retirement accounts

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CNBC – For more and to sign up click here Win McNamee | Getty Images News | Getty Images Biden tax plan Generally, Roth accounts make sense if taxpayers think their income-tax rate will be higher when they withdraw money in retirement. In that case, it would yield a financial......

Consumer protection group cracks down on mortgage servicers that don’t assist struggling homeowners

CNBC Real Estate
Andrew Harrer | Bloomberg | Getty Images The Consumer Financial Protection Bureau is warning mortgage servicers that they’re expected to help the surge of struggling homeowners in the pandemic and explore options other than foreclosure. “Responsible servicers should be preparing now,” CFPB Acting Director Dave Uejio said in a statement.......

More financial education would have helped people better manage their money in the pandemic

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CNBC – For more and to sign up click here Giani Clarke,18, a senior at Wilson High School, takes a test in her AP Statistics class. The desks are doubled as a way to provide more social distancing. Ben Hasty | MediaNews Group | Getty Images People are wishing they’d......

The IRS can adjust any stimulus check money you’re owed when you file your 2020 tax return. Here’s why

CNBC
CNBC – For more and to sign up click here This year’s tax season has brought with it a new opportunity to collect any unpaid funds from previous rounds of federal stimulus checks. But the amount you claim could be adjusted by the IRS, the agency said on Monday. A......

Taxpayers are leaving $1.3 billion in tax refunds on the table. Time is running out to claim them

CNBC
CNBC – For more and to sign up click here Samuel Corum/Bloomberg via Getty Images The IRS is still holding more than $1.3 billion in unclaimed tax refunds for those who didn’t file a return in 2017, the agency announced on Monday. The pot of money is owed to roughly......

Biden infrastructure, clean energy plan may be windfall for investors

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CNBC – For more and to sign up click here US President Joe Biden speaks in Pittsburgh, Pennsylvania, on March 31, 2021. Jim Watson | AFP | Getty Images President Joe Biden’s infrastructure initiative — and the measures it contains to curb climate change — may be a tailwind for......

What do you know about stimulus, the stock market and financial literacy? Quiz

CNBC
CNBC – For more and to sign up click here April is Financial Literacy Month and there’s never been a better time to be informed about money matters. Managing your money has never been more challenging: multiple pandemic recovery programs, new fintech apps, speculation in the stock market, and dramatic......

Here’s why wealth advisor Josh Brown says investing in real estate is often a bad idea

CNBC Real Estate
People like to stick with what they know. Your home may be your most valuable asset, but that does not mean it is your best investment, according to CNBC commentator and co-editor of the new book, “How I Invest My Money.” And the equity in your home can be misleading.......

Biden asks Education secretary to see if he can legally cancel student debt

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CNBC – For more and to sign up click here US President Joe Biden speaks in Pittsburgh, Pennsylvania, on March 31, 2021. Jim Watson | AFP | Getty Images President Joe Biden has requested that Education Secretary Miguel Cardona prepare a report on the president’s legal authority to cancel up......

Here’s how you can be forced to get the Covid vaccine in the U.S.

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CNBC – For more and to sign up click here President Joe Biden said in March that the U.S. aims to have 200 million Covid vaccine doses administered during his first 100 days in office. By May, every American adult who wants a vaccine will be eligible to get in......

Planning to invest your $1,400 stimulus check? Why a Roth IRA may make sense

CNBC
CNBC – For more and to sign up click here Morsa Images | E+ | Getty Images A new set of $1,400 stimulus checks may tempt some recipients who don’t really need the money to instead dabble in the stock market. Depending on your goals, a brokerage account may not......

Op-ed: Former SEC chair Jay Clayton on what his grandparents taught him about investing

CNBC
CNBC – For more and to sign up click here Former chairman of the SEC, Jay Clayton, poses with his grandparents, Walter and Rose Clayton. Jay Clayton Grandparents are invaluable. They provide love, support, perspective and education, often whenit is most needed. And, importantly, at no cost. Grandparents fill in......

Fourth stimulus checks are unlikely. Here’s what federal aid could be coming next

CNBC
CNBC – For more and to sign up click here As vaccines ramp up and the economy reopens, many individuals and families may be eager to see this side effect of the Covid-19 pandemic continue: government stimulus checks. A recent poll from Data for Progress found 65% of Americans are......

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