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June 10, 2021

Retirement planning

As Clover Health joins the ‘meme stock’ trend, here’s what investors need to watch out for

CNBC
CNBC – For more and to sign up click here d3sign | Moment | Getty Images Individual investors glued to social media helped push the shares of one new company name — Clover Health — up more than 100% on Tuesday. Yet when it comes to the broader markets, the......

His book looks at the history of money and explains our obsession with cryptocurrency

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CNBC – For more and to sign up click here The Money Plot by Frederick Kaufman Source: Other Press What is money? Why do we need it? These are some of the big questions writer Frederick Kaufman explores in his book “The Money Plot: A History of Currency’s Power to......

Here’s how much money you’ll have for retirement if you wait until 30 to max out your 401(k)

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CNBC – For more and to sign up click here Most people are allowed to contribute up to $19,500 to their 401(k) plan in 2021, but the limit often changes from year to year to keep up with inflation.  CNBC crunched the numbers, and we can tell you how much......

Suze Orman: Here’s how you should calculate your net worth

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CNBC – For more and to sign up click here If you want security in life, you need money. At least that’s what financial expert Suze Orman has told her followers for years. The podcast host recommends that anybody who is worried about their net worth should start by looking......

Fighting inflation with a reverse mortgage. What retirees need to know

CNBC Real Estate
Ariel Skelley | DigitalVision | Getty Images Many older Americans worry about outliving their savings, and those fears have been magnified by recent spikes in inflation, eating away at retirees’ nest eggs.   The consumer price index increased by 0.8% in April from March and surged 4.2% from the previous year,......

Women were struggling with student debt before Covid. Their problems could get worse

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CNBC – For more and to sign up click here Kim Churches Courtesy of American Association of University Women CNBC: Why do women borrow more in student loans than men? Kim Churches: Women earn less than men and may not have as much to fund their educations. Some get less help......

Here’s how to get $100,000 in annual tax-free income during retirement

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CNBC – For more and to sign up click here fstop123 | E+ | Getty Images It’s a sure bet that no one — regardless of age — enjoys handing over any of their income to the IRS. In retirement, though, doing so can feel like even more of a......

Here’s how much money you will have for retirement if you max out your 401(k) throughout your career

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CNBC – For more and to sign up click here Investing nearly $20,000 per year can equal a lot of money when it comes time for you to retire decades in the future.  Most people are allowed to contribute up to $19,500 to their 401(k) in 2021, but the limit......

Number of 401(k) and IRA millionaires hits record one year after Covid, Fidelity says

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CNBC – For more and to sign up click here Although the pandemic isn’t over, many retirement savings accounts are back to pre-Covid highs. Retirement account balances, which took a sharp nosedive almost exactly one year ago when the coronavirus outbreak caused economic shockwaves, have now bounced back entirely, according......

How much you will have for retirement if you max out your 401(k) in your 20s

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CNBC – For more and to sign up click here Americans rely heavily on 401(k)s plans when it comes funding their retirement. As of 2020, around 60 million workers across the U.S. used the tax-advantaged accounts to save for their future.     Most people can contribute up to $19,500 to their......

Many Americans can’t afford an emergency expense. Some are calling for employers to help with that

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CNBC – For more and to sign up click here kate_sept2004 | E+ | Getty Images Putting away enough savings for retirement has always been a struggle for many Americans. One reason workers tend to fall short: they often dip into the money they have set aside for their golden......

‘Embrace the volatility’ of the markets and stay with your original investment plan, financial experts say

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CNBC – For more and to sign up click here Morsa Images | E+ | Getty Images The U.S. stock market is back in choppy waters. On Wednesday, all three major U.S. indices — the Dow, S&P 500 and Nasdaq — slid on fears that rising inflation will lead to......

Prices are going up — here’s what inflation means to you

CNBC Real Estate
Americans’ expectations for inflation over the next few years also hit its highest level in nearly a decade, according to another report by the Federal Reserve Bank of New York.   Overall, the expectation is that the inflation rate will be up to 3.4% one year from now — its......

The pandemic drove these Americans into early retirement. What to know before making the leap

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CNBC – For more and to sign up click here Mary Ann Sergeant Source: Kara Sergeant After a year of grappling with the pandemic, many baby boomers have made changes to their retirement plans.  Mary Ann Sergeant, 65, spent more than 15 years working as a pharmacy technician at Anna......

The Covid recovery still has a K shape

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Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio, on Dec. 19, 2020. BRAD LEE | AFP | Getty Images The U.S. economy is on the mend. But the unequal — or K-shaped — nature of the recovery persists. Economic activity is on......

Here’s how much you should invest per month to save $750,000 by age 40

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CNBC – For more and to sign up click here Investing in your 20s can let you take advantage of the power of compound interest for decades. If you want to save $750,000 by age 40, you will need to start putting away a lot of money when your career......

Why some older workers fared worse during Covid-19 than the Great Recession

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CNBC – For more and to sign up click here Kelvin Murray | Getty Images It’s no secret that the Covid-19 pandemic has hurt workers of all ages. Yet when it comes to older workers — those ages 50 to 62 and up — some may have fared worse than......

Should you pay off your mortgage in retirement? Experts weigh in on whether to cut that debt

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CNBC – For more and to sign up click here urbazon | E+ | Getty Images It’s one of those debates that rarely seems to have a clear-cut winner: Should retirees pay off their mortgage or continue making those monthly payments? The answer — probably somewhat annoyingly — is that......

What Biden’s latest moves could signal for Social Security reform efforts

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CNBC – For more and to sign up click here President Joe Biden attends the Democratic National Committee’s “Back on Track” drive-in car rally to celebrate his 100th day in office at the Infinite Energy Center in Duluth, Georgia, April 29, 2021. Evelyn Hockstein | Reuters People who earn more......

This couple retired at 38 in 1991 with $500,000 in savings. Here’s how their investments have lasted over the years

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CNBC – For more and to sign up click here Billy and Akaisha Kaderli feel like they have seen it all. The couple retired in 1991 at the age of 38 after saving $500,000. The former restaurateurs, now both 68, have watched as their money survived a series of booms......

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