REGIONBUSINESSLIFE.COM: Top News and Analysis

Top News and Analysis: Earnings, Wealth

2019-09-16, 19:29

The next big question you need to answer after you decide to retire If you're like most people, you probably envision spending your retirement comfortably in your current home. However, financial and health considerations could make downsizing a better way to go....
2019-09-14, 18:00

Why moving like billionaire Carl Icahn to a low-tax state may backfire for you If you're running away from high-tax California or New York to some tax-free haven, you can expect a fight from your state auditor. Here's what you should know before you board your flight....
2019-09-13, 23:39

How much you can expect to receive from Social Security if you make $50,000 a year Your Social Security benefits are based on income, the year you were born and the age you decide to start taking money out. So what if you earn a $50,000 salary? Here's how your monthly benefit amount is calculated....
2019-09-13, 23:39

Rising Car Prices Are Sending Even Strong-Credit Buyers to the Used Lot Drivers with high credit scores accounted for more than half of used-car financing in the second quarter this year, which was a record, the credit bureau Experian said....
2019-09-13, 16:52

Wealth Advisory Firms Are Merging, but What’s in It for Clients? The answer may depend on how much money the wealthy have to invest, experts say. Either way, a change in ownership may bring changes in how clients’ money is managed....
2019-09-13, 16:52

Why bringing your political views to the office can be bad for your career Resist the urge to live-tweet the upcoming debates for the 2020 presidential election. While nearly 4 in 10 people engage in political chats at work, these conversations could harm your career....
2019-09-13, 07:39

Here's what people really tip — and it's not 20% The rise of mobile payments at coffee bars, food trucks and ride shares has made it harder for consumers to know when it's appropriate to tip and how much....
2019-09-13, 07:39

Your Social Security checks could get bigger next year. Here's how much One new estimate pegs the Social Security cost-of-living adjustment at 1.6% next year. That means the average benefits would go up by about $23.40 per month....
2019-09-13, 07:39

Will Apple's iPhone 11 be a boom or bust? Jon Fortt, veteran tech journalist Walt Mossberg, tech analysts Pat Moorhead and Shelly Palmer, and CNBC's Julia Boorstin discuss the Apple event....
2019-09-13, 01:52

Here's how many people tapped their retirement plan to buy a house Some prospective homeowners will do just about anything to buy their first house. Borrowing from a 401(k) plan, selling their belongings and borrowing from family are all possibilities, according to data from Bankrate.com...
2019-09-11, 20:13

Your kids don't think your money skills measure up Although 74% of 18- and 19-year-olds in a recent survey said they learn about money from their parents, about the same share said personal finance classes should be required in high school....
2019-09-10, 20:26

Long-term care insurance costs are way up. How advisors can help clients cope Annual premiums for long-term care insurance are rising sharply for people who bought coverage years ago. Here's how advisors are helping them handle the expense....
2019-09-08, 15:39

You might be invested in gun stocks. Here's how to tell Even if you haven't actively sought to own stocks with ties to weapons, you could have some exposure. Here's what you need to know to assess what you have....
2019-09-08, 00:26

High medical costs have driven these people to put their health at risk Health-care costs are so high that young people are ditching the doctor altogether, according to recent data from the Nationwide Retirement Institute. Here are some of the drastic steps they're taking to save....
2019-09-06, 21:13

Two years after huge Equifax breach, consumers are still too vulnerable to identity theft While the majority of survey respondents have taken at least 1 of 10 actions to help battle fraud, the most effective methods remained largely unused....
2019-09-06, 21:13

High-flying IPOs Crowdstrike, Zoom, and Medallia shares tank after quarterly results Three of Wall Street's top-performing IPO stocks in 2019 tumbled after the companies' quarterly results failed to satisfy investors and justify their high valuations....
2019-09-06, 13:26

Can tech save the NFL? CNBC's Jon Fortt and Eric Chemi discuss the upcoming NFL season. Plus, DraftKings CEO Jason Robins joins to discuss the business of sports betting....
2019-09-06, 10:00

How to save a million dollars on a $50,000 salary, broken down by your age The thought of retiring with $1 million when you're making $50,000 a year can seem daunting, but you can get there with time. Taking your age into consideration, here's what portion of your income you need to stash away to reach that mark....
2019-09-06, 05:26

NFL football season starts as more states offer legal sports betting. How your winnings are taxed More than a dozen states allow sports betting, which means your win could be subject to taxes even before it reaches you, depending on how big it is....
2019-09-06, 05:26

There's a key tax deadline right around the corner. Here's how to prepare Sept. 16 doesn't sound as scary as April 15, but it's still an important date for the IRS. Here's what entrepreneurs, investors and gig workers should know....
2019-09-04, 17:52

These financial pros will tackle your big money mistakes CNBC + Acorn's Invest In You: Ready. Set. Grow readers can share money mistake stories and receive targeted advice from CNBC Financial Advisor Council members via the #CNBCMoneyMistakes social media campaign this month....
2019-09-04, 14:39

Your spending may fluctuate in retirement. Here's how to plan for that As you enter retirement, you may find yourself putting more money toward travel, home renovations or other lifestyle changes. Here's how to adjust for that spending....
2019-09-04, 14:39

Here's how to avoid some big money mistakes Nearly all of us have made our share of poor financial decisions in our lifetimes, but these mistakes are also an opportunity to improve our financial well-being, by teaching us how to make better money choices....
2019-09-04, 14:39

Consumer watchdog agency shows one way to help improve your savings Research from the Consumer Financial Protection Bureau and H&R Block suggests consumers might save more of their tax refunds if they receive encouragement or a small financial incentive....
2019-09-04, 02:39

Four ways for college students to control their health-care costs Here's a surprise college expense: The cost of health care. Students may have multiple options in order to keep themselves covered through school. What you should know....
2019-09-04, 02:39

Many minorities avoid seeking credit due to generations of discrimination. Why that keeps them back Decades of discrimination by the federal government and America's financial institutions has induced an almost trauma-like response in many people of color, particularly African Americans, making them less likely to seek credit....
2019-09-01, 18:39

Automaker discounts are bigger heading into the Labor Day weekend sales push. How to snag a deal With cars sitting on lots longer and dealerships needing room for next year's models, consumers may be able to find sizable discounts on certain models....
2019-08-31, 17:39

Why Aren’t More Women Working? They’re Caring for Parents The needs of older relatives remove women from the labor force in the United States far more than in other wealthy nations, at a cost to the economy....
2019-08-29, 12:00

Politics is hindering the effectiveness of financial education Financial education is not a conservative or liberal issue. While bipartisanship in today's political environment seems to be in short supply, financial literacy should strive to be one of the few areas of agreement within the political spectrum....
2019-08-29, 03:13

How homeowners can financially prepare for major storms like Dorian If you live in a hurricane-prone area, be aware that the season for those storms peaks in September. Now's a good time to review how ready you'll be....
2019-08-29, 03:13

Global private banking debate: PB embraces the modern world Private banks across the world are changing fast, placing greater emphasis than ever on a host of key factors. The best wealth managers are busy boosting inclusivity, emphasising technology and security, and ensuring they are on-point when it comes to meeting compliance needs....
2019-08-28, 16:26

Here's why a bitter legal battle could be ahead for Jeffrey Epstein's estate The wealthy financier's last will and testament, dated Aug. 8, indicates he held more than $577 million in assets. Attorneys predict a lengthy legal battle will follow....
2019-08-28, 01:39

Saudi Arabia pulls out the stops to draw more tourists Saudi Arabia plans to tap everything from a 2,000-year-old UNESCO heritage site to the "the longest, tallest and fastest roller coaster in the world" to boost domestic tourism....
2019-08-26, 19:13

There's a game-changing way for people with disabilities to save. Few are using it ABLE accounts offer those with disabilities and their families a way to save without jeopardizing critical government benefits. Yet, only a fraction of those eligible have one....
2019-08-24, 22:00

Why a bitter legal battle could be ahead for Jeffrey Epstein's estate The wealthy financier's last will and testament, dated Aug. 8, indicates he held more than $577 million in assets. Attorneys predict a lengthy legal battle will follow....
2019-08-24, 22:00

Student loan borrowers battling cancer can now press pause on their payments Congress passed a law allowing people with cancer to press pause on their student loan payments. Yet borrowers haven't been able to access the deferment because the U.S. Education Department didn't issue an official application. Now it has....
2019-08-23, 17:26

Here's why you might want to rethink getting an adjustable rate mortgage With recessionary fears causing longer-term interest rates to hover near or below short-term rates, the advantage that typically comes with adjustable-rate mortgages has shrunk — or entirely disappeared — at some lenders....
2019-08-23, 17:26

Here's how gender wage gap affects black women, who are paid 61 cents for every $1 for white males Thursday marks Black Women's Equal Pay Day, which is when the combination of their wages so far this year, plus all of their 2018 income, matches what white men earned last year alone....
2019-08-22, 19:13

Trump to grant student loan forgiveness for disabled veterans President Donald Trump signed a memorandum on Wednesday to automatically cancel the student loan debt of disabled veterans. More than 25,000 service members will have their debt wiped away....
2019-08-22, 00:00

Here's why people aren't saving more in their 401(k) plans If you want retirement security later, the time to invest is now. Nevertheless, just 3 out of 10 workers polled by Bankrate.com said they're saving more for retirement now compared to last year....
2019-08-21, 20:13

What a Trump payroll tax cut would actually mean for your wallet President Trump is considering reducing payroll taxes as a way to stimulate the economy. Here's a rundown of what you pay, and how it would affect your wallet....
2019-08-21, 20:13

Why that 30% rule of thumb about credit card use could be costing you Experts say there is a misconception that your credit score won't be negatively affected unless your total balance climbs above 30% of your available credit....
2019-08-21, 15:26

Toll Brothers profit beat is clouded by weakness in orders Toll Brothers reported a better-than-expected quarterly profit on higher home prices, but its shares fell as orders declined, hinting at weaker demand for new homes....
2019-08-21, 14:39

Can't wait until 70? This is the next best age to claim Social Security benefits Waiting until 70 to claim retirement benefits is generally best. But if you cannot delay that long, there is another option that's almost as good....
2019-08-20, 18:13

More colleges are cutting tuition. Don't expect to pay less, though Recognizing their price tag has turned many students away, a record number of schools are "re-setting" their tuition rates. Don't expect to pay less, though....
2019-08-20, 18:13

Home Depot stock rises on better-than-expected profits even as the company lowers outlook Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."...
2019-08-20, 16:26

Whether married or single, this is how women are financially vulnerable in retirement It's no secret that women face unique challenges when it comes to having enough money to last through retirement. Here are the risks they likely face....
2019-08-20, 14:39

Home Depot misses on sales, cuts outlook on worries tariffs could hit consumer spending Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."...
2019-08-20, 14:00

Here are the best ways to secure important financial documents Estate-planning documents — such as wills, trusts, living wills, medical directives and powers of attorney — are very important, and so is keeping them protected and stored safely. Here are some key tips on how to keep them secure....
2019-08-19, 16:39

How to get the most from this tax-free source of retirement income Managed properly, cash value life insurance can complement your retirement planning strategy. But beware: You'll need to work closely with your advisor to avoid a tax trap....
2019-08-19, 00:26

Here's how I kicked my post-college kid out of the house — and you can, too Instill financial responsibility in your young adult children by requiring them to move out and handle their bills on their own as soon as possible after college graduation. I kicked my kid out of my house — and you can, too....
2019-08-18, 16:26

The price of a cup of coffee may be the answer to fixing Social Security Can Social Security's solvency be extended through a plan that includes payroll tax hikes that amount to less than a cup of coffee? Supporters of the Social Security 2100 Act say yes....
2019-08-17, 15:52

Amid GE fraud accusation, it might be a good time to check your long-term care policy Allegations that GE's long-term-care unit is suffering massive losses come amid multiple challenges in the market, which has shrunk in recent years....
2019-08-17, 00:52

How much you'll need to invest each month to retire with $2 million at age 20, 30, 40 and beyond Want to retire with $2 million? How much you'll need to save every month depends on your age. Whether you're 20 or 50, here's how to do it....
2019-08-16, 22:00

Amid GE fraud accusation, it might be a good time to check your long term care policy Allegations that GE's long-term-care unit is suffering massive losses comes amid multiple challenges in the market, which has shrunk in recent years....
2019-08-16, 22:00

Give Your Teenager a Credit Card? Some Financial Experts Say Yes Parents should monitor spending and explain how to pay the bill on time. A financial planner says teenagers should get a card. “We live in a credit-driven society.”...
2019-08-16, 19:13

Coach-owner Tapestry shares tumble as its sales and forecast disappoint Tapestry forecast a surprise fall in first-quarter revenue and profit on Thursday, as the high-end fashion house struggles with sluggish demand for its Kate Spade handbags, sending its shares down 6%....
2019-08-16, 14:00

Seeing red? Why a falling stock market can help you save on taxes Market declines don't have to be a horror show. Here's the upshot: Lower portfolio values make it cheaper to convert your IRA to a Roth IRA....
2019-08-15, 07:26

The IRS may seize your passport if you owe a lot of back taxes You may not be able to get a new passport or renew your existing one if you owe the IRS more than $52,000. Worse, your existing one might simply be revoked....
2019-08-14, 18:39

You may be tempted to make this mistake as the market tanks. Here's what to do instead. Roller coaster moves in the market might tempt you to carefully watch your investments or even adjust your holdings. Here's why those are some of the worst things you can do....
2019-08-14, 18:39

These charitable individuals are giving cash away. Here's why Owners of donor-advised funds turned on the tap and made hefty grants to their favorite charities, according to data from Schwab Charitable and Fidelity Charitable....
2019-08-14, 18:39

Department store stocks plummet on the heels of Macy's dismal earnings Shares of Nordstrom, Kohl's, Dilliard's, and J.C. Penney tanked on Wednesday after Macy's lowered its profit outlook in an earnings miss that was indicative of challenges within the broader department store and retail sector....
2019-08-14, 16:00

Here's why some people don't mind overpaying the IRS More than 4 out of 10 people polled by NerdWallet are perfectly fine with taking home less pay and sending more money to the IRS throughout the year. That's because they're banking on a big refund next year....
2019-08-14, 06:13

Here's why these people don't mind paying the IRS even more More than 4 out of 10 people polled by NerdWallet are perfectly fine with taking home less pay and sending more money to the IRS throughout the year. That's because they're banking on a big refund next year....
2019-08-13, 15:39

Money stress traps many women into staying in unhappy marriages A large number of American women stay in marriages that are unhealthy and even border on dysfunctional due to financial insecurity and stress, and the ongoing gender pay gap....
2019-08-13, 15:13

The big wealth transfer is coming. Here's how to make sure younger generations are ready. You've decided what you want to leave to your heirs, but have you looped them in on your plans? Take these steps to make sure your money lasts for generations to come....
2019-08-12, 23:13

Congress is considering big changes to the way you retire. Here's what could make the cut The House of Representatives has put forward legislation targeting retirement rules, Social Security, multi-employer pensions and Medicare. Here's what the changes would mean for your bottom line....
2019-08-10, 19:39

Viacom beats quarterly revenue estimates Viacom, the owner of MTV, Comedy Central, and Nickelodeon, beat estimates for quarterly revenue on Thursday, helped by a rare growth in domestic advertising revenue....
2019-08-09, 16:26

Baby boomers' wealth is 12 times greater compared to millennials. Here's why The net worth gap between older and younger Americans has grown into a chasm. While the average older household had about seven times the net worth of younger households in 1998, they now have about 12 times the net worth....
2019-08-08, 20:13

Tariffs could be a 'tragic situation' for Americans living paycheck to paycheck Thousands of household products could get more expensive, thanks to the newest round of tariffs the U.S. plans to slap on goods from China next month....
2019-08-08, 15:00

Consider this investment if you're worried about losing all your money While the rate of return isn't anything to write home about, you get inflation protection and the guarantee that you won't lose your principal....
2019-08-07, 23:13

4 key things you should do to grow your career, according to former Yum Brands CEO David Novak There is a lot of advice out there on how to move up the ladder, but if you focus on these four things, you'll find success, says former Yum Brands CEO David Novak....
2019-08-07, 23:13

How to solidify your financial plan in case the trade war sparks a recession Ongoing trade tensions with China have many worried that the U.S. economy could be headed toward a recession. Here's how to adjust your plans before those fears become a reality....
2019-08-07, 01:26

1 in 3 workers would take a pay cut for unlimited time off: survey One in three workers would give up some of their pay in exchange for unlimited vacation, according to a survey from Allianz Global Assistance. But unlimited vacation might not be all it's cracked up to be....
2019-08-06, 00:26

This Social Security rule cuts public workers' benefits. Politicians want to change that Teachers, firefighters and police officers who are eligible for pensions and Social Security may receive reduced retirement benefits. Some lawmakers want to overhaul that rule....
2019-08-06, 00:26

What to do with your 401(k) as the market tanks The market's roller coaster ride may have you tempted to move investments in your retirement nest egg. Here's what financial advisors say you should do instead....
2019-08-06, 00:26

Is your spouse cheating? Your tax returns may hold the secret It's hard to hide everything from Uncle Sam — including infidelity. Here's how your tax return can tell you whether your spouse may be having an affair....
2019-08-04, 17:26

New state programs, like California's, make it easier for workers to save for retirement Millions of workers do not have access to a workplace retirement plan. Now, states like California are starting programs to help those people save for their future....
2019-08-04, 17:26

At Banks and Fund Firms, Access Is Too Often Denied, Blind and Deaf Investors Say Workers with sensory challenges face an array of digital obstacles to managing their retirement accounts and have sued to ensure banks’ websites comply with federal disability law....
2019-08-04, 12:39

Forget law school, these kids want to be a YouTube star Harris Polls and toymaker Lego found that one-third of kids between the ages of 8 and 12 aspire to be either a vlogger or a YouTuber. Experts say it's part of a growing trend that stems partly from increased access to technology at younger ages....
2019-08-03, 15:52

These strategies will help your child get more college financial aid Some parents are breaking the rules to get their childen more college financial aid. Here are some legitimate ways to pick up more federal, state and university aid....
2019-08-02, 20:52

Chevron profit rises 26.3% on higher output Chevron reported a 26.3% rise in quarterly profit, as higher production more than offset lower crude oil and natural gas prices and a rise in expenses....
2019-08-02, 17:13

Bill to improve health savings accounts for Medicare users comes with a big downside While the Health Savings for Seniors Act would allow HSA contributions if you're on Medicare, it also would limit what you can use the withdrawals for....
2019-08-02, 04:00

Here's how to feel richer with the money you already have You don't necessarily need to make more money to feel wealthy. Try doing more with the funds you already have. These tips can help you get started....
2019-08-01, 20:39

Fed rate cut, trade wars: How to know if you have too much risk in your portfolio Recent market highs could have prompted you to take on more equity risk in your portfolio. Here's why you may want to reevaluate your positions now....
2019-08-01, 20:39

These workers are saving the maximum in their 401(k) plans A handful of lucky taxpayers were able to make the maximum contribution to their retirement plans in 2016, according to the IRS. Here's what you should know about ramping up savings....
2019-08-01, 20:39

Shares of Taco Bell-owner Yum Brands jump as earnings top estimates Taco Bell, KFC and Pizza Hut owner reported second quarter earnings that topped expectations, fueled by stronger same-store sales growth across all its brands....
2019-08-01, 14:52

NFL star Adrian Peterson made close to $100 million but apparently can't pay his debts The Washington Redskins running back is fighting creditors in court over a $5.2 million loan. Here's what the pros tend to get wrong about managing their finances....
2019-07-31, 21:13

Millennials' financial futures at stake in Social Security reform debate, Republicans say Congressional lawmakers want to extend Social Security's solvency. But they also want to make sure millennials will get as much money out as they pay in....
2019-07-31, 21:13

Millennials aren't thinking about this risk to their finances Life insurance is probably the last thing on your mind if you're in your 20s and 30s. Surprise — those are probably prime years for buying coverage. Here's what you should know....
2019-07-31, 21:13

How Democratic presidential candidate Joe Biden would increase Social Security benefits Biden, who is currently leading in the polls, wants to change Social Security to prevent the eldest workers from running out of money and the the poorest from retiring into poverty. To do that, the plan calls for raising taxes on high earners....
2019-07-31, 21:13

Best way to pay off credit card debt? Move to Indiana Credit card debt is near an all-time high, but not across the board. Here's how consumers are faring across the country, according to a new report by WalletHub....
2019-07-31, 21:13

Think the Capital One hacking is bad? Here are 5 of the biggest data breaches ever On the heels of July's news that some 100 million U.S. credit card customers and applicants of Capital One had personal information hacked, here's a look at five of the biggest data breaches....
2019-07-31, 21:13

Parents are exploiting this legal loophole to get their kids more need-based college financial aid Some parents are exploiting a legal loophole so that their children can declare themselves financially independent from them, likely enhancing their eligibility for federal, state and university aid, according to ProPublica....
2019-07-31, 21:13

How much you'll need to invest each month to retire with a million dollars at age 20, 30 and beyond Want to retire a millionaire? How much you'll need to save each month, using investments that earn six percent annual returns, greatly depends on your age. Whether you're 20 or 50, here's how to do it....
2019-07-31, 21:13

CFP Board vows stepped up oversight of financial advisors after complaints of lax review Shopping for an advisor? The Certified Financial Planner Board of Standards is changing its processes to help curtail financial advisors with bad track records....
2019-07-31, 21:13

Kamala Harris has a student debt forgiveness plan, but it's complicated Borrowers will have a lot of boxes to check before they can get the $20,000 in student debt forgiveness on the table in Kamala Harris' newly released plan....
2019-07-31, 21:13

Mattel shares soar on narrower-than-expected loss, strong sales of Barbie, Hot Wheels Shares of Mattel jumped 7% in late trading Thursday after the company posted a narrower-than-expected loss and strong sales of Barbie and Hot Wheels....
2019-07-31, 19:52

Sony posts 18% jump in first-quarter profit on strong image sensor business Japan's Sony on Tuesday reported an 18.4% increase in first-quarter operating profit, beating market expectations thanks to a strong performance in the image sensor business....
2019-07-31, 19:52

Dish loses fewer pay-TV subscribers than expected Dish Network beat estimates for quarterly revenue, as the U.S. satellite TV service provider lost fewer pay-TV subscribers than analysts had expected....
2019-07-31, 19:52

Core game franchises propel Electronic Arts revenue beat Video game publisher Electronic Arts reported better-than-expected quarterly revenue, riding on the continued success of its battle royale game "Apex Legends."...
2019-07-31, 19:52

Real estate in the Hamptons had its worst spring quarter in 8 years Real estate sales and prices in the Hamptons fell in the second quarter, marking a year and a half of declines, according to Douglas Elliman and Miller Samuel....
2019-07-31, 18:52

What to Know When Choosing Cremation A funeral industry report says demand for cremation is increasing, in part because it’s less expensive than burial. It has also become more socially acceptable....
2019-07-31, 18:39

A warning to seniors if the Fed lowers interest rates Retirees face two competing forces: Lower rates on their "safe money" and a stock market that's becoming overheated. Here's where older investors are searching for yield....
2019-07-24, 21:13

How to shave your tax bill — and your Medicare costs in retirement A flush 401(k) is just one thing you'll need to cover your retirement costs. Sock some money into Roth accounts and your taxable accounts to help trim taxes in the future....
2019-07-24, 21:13

Josh Brown: Why 10 years of no returns may be a good thing for younger investors The "very best thing" that can happen to investors in their 20s, 30s and early 40s is another 10-year period of no returns in the S&P 500, expert Josh Brown says....
2019-07-24, 16:26

VF Corp raises full-year profit forecast after beating quarterly estimates VF Corp.'s quarterly revenue beat Wall Street expectations on Wednesday, helped by higher demand for its Vans sneakers and the North Face brand....
2019-07-24, 16:13

Biogen beats estimates on multiple sclerosis therapy sales Biogen reported a 72.4% rise in second-quarter profit, boosted by higher sales of its multiple sclerosis treatment Tecfidera and lower research and development costs....
2019-07-23, 22:39

New tools can help turn your retirement savings into a steady paycheck Retirees face the same big dilemma: how to make their retirement savings last. New personalized tools aim to help identify which accounts to pull your money from and when....
2019-07-23, 15:13

Equifax settlement includes more free credit reports but that won't prevent fraud Free credit reports are a good thing, but checking on your file won't do anything to prevent fraud from happening. Here are tips to stop it before it occurs....
2019-07-22, 19:39

Parents, children disagree on when they'll be financially independent A recent survey identifies the key points at which young adults should hit key financial milestones. For many, those pressures can contribute to a quarter-life crisis....
2019-07-22, 19:39

Advances in fintech are helping financial advisors, here's how While financial technology has created competition for traditional financial advisors via automated online platforms, those same digital advances have bolstered advisors' ability to serve clients....
2019-07-22, 18:13

It is time we redefine financial success Reaching financial success may mean obtaining things such as home ownership or travel. However, you may want to consider broadening your definition in order to have true financial independence....
2019-07-22, 14:26

Battling flood damage? Here's why you'll have a hard time getting a tax break for it If your home and belongings were lost in a fire or in a flood, you're about to have a harder time claiming those losses on your tax return. Here's why....
2019-07-19, 20:52

American Express tops profit estimates on higher card spending; expenses a worry Credit card issuer American Express beat analysts' estimates for quarterly profit on Friday, as a healthy U.S. economy fueled higher spending by its customers....
2019-07-19, 18:01

Back-to-School Sales Tax ‘Holidays’ Lure Shoppers Despite Slim Savings “People who won’t walk across the street to save $5 on a pair of pants will take a day off from work to take advantage of a sales-tax holiday,” a tax expert said....
2019-07-19, 16:52

Ohio congresswoman says lack of financial literacy could be a problem for Facebook Libra users Rep. Joyce Beatty, D-Ohio, grilled Facebook's David Marcus, asking about the steps he will take to educate the 1.7 million unbanked people Libra plans to reach....
2019-07-19, 15:26

How to avoid costly Medicare mistakes when retiring after age 65 If you're covered by qualifying health insurance at work and have delayed signing up for Medicare (or parts of it), it's important to plan ahead to avoid a coverage gap or missed deadlines....
2019-07-19, 14:39

Here's how women can grow their careers, according to Morning Joe's Mika Brzezinski Women need to be smart about getting their foot in the door and working their way up the ladder, says Mika Brzezinski, best-selling author and co-host of MSNBC's Morning Joe....
2019-07-19, 12:26

First-time homebuyers could snag lower costs for FHA loans under House-passed bill The Housing Financial Literacy Act would provide a discount on upfront mortgage insurance if the borrower goes through financial literacy counseling....
2019-07-18, 21:26

Retiring this year? How much you'll need for health-care costs A 65-year-old couple in good health could shell out close to $390,000 in medical expenses, according to HealthView Services. Here's why the bill is so high....
2019-07-18, 21:26

Barry lost some bite, but these 10 cities could lose billions in housing to floods by 2050 Within three decades more than 386,000 homes in U.S. coastal areas will be at risk of permanent submersion or regular flooding due to climate change, according to a study by real estate website Zillow and nonprofit weather news site Climate Central....
2019-07-18, 17:39

College applications can add up to thousands of dollars. Here's how to save As college costs rise, some students apply to a laundry list of schools to increase their odds of getting into one they can afford. Yet doing so can leave families with another large tab....
2019-07-18, 00:39

Blue states file suit against IRS over rules on SALT workarounds Gov. Phil Murphy of New Jersey is suing the IRS and Treasury Secretary Steven Mnuchin, responding to new, final rules from the IRS that would largely block states' attempts to get around a $10,000 cap on state and local tax deductions....
2019-07-18, 00:39

Spend too much? Here's what is causing you to be a shopaholic Even in the absence of shopping "holidays" like Black Friday and Amazon Prime Day, designed to entice consumers to spend on items they never planned to purchase, consumers commonly succumb to pressures to make impulse buys....
2019-07-17, 20:26

Goldman Sachs will report earnings before the bell — here's what the Street expects Analysts polled by Refinitiv are expecting earnings of $4.89 per share and revenue of $88.828 billion when Goldman Sachs reports second-quarter earnings Tuesday....
2019-07-16, 12:52

Planning to travel while on Medicare? Make sure you have coverage at your destination Whether you're covered for medical services while traveling depends partly on where you're going and how you receive your Medicare benefits....
2019-07-14, 14:52

This work perk can help you build wealth — or load you up with taxes and risk Don't get too attached to those stock options and restricted stock units at work. In order to get the most benefit from them, you'll need to strategize with your financial advisor or CPA....
2019-07-14, 12:13

These pension plans are at risk of going broke. Now lawmakers need to agree on a fix Retirement benefits for more than 1 million people could be at risk if nothing is done to help save underfunded multiemployer pensions. The House of Representatives is set to consider a bill that addresses the problem....
2019-07-13, 07:13

This charitable investing strategy was an early investor in Beyond Meat One donor-advised fund gave investors access to Beyond Meat before its surprise hit of an IPO. Here's how these charitable strategies could make it easier for mass affluent investors to give....
2019-07-12, 00:39

Credit card mismanagement adds to millennials' financial woes Once model savers, millennials are falling into the credit card debt trap. Financial education should be embedded in education from grade school through college. Young people need to understand debt; its benefits, its traps and how best to use it....
2019-07-11, 12:52

How much would a wealth tax really raise? Dueling economists reflect new split in Democratic Party The wealth tax proposed by Sen. Elizabeth Warren has sparked a fierce — and increasingly personal — debate between the party's traditional academic elite and the darlings of the new left....
2019-07-10, 23:39

This risk could wipe out everything you own. How to prepare Think your homeowners insurance will adequately cover your dwelling during a hurricane? You could be wrong. Here's how to prepare your house and your wallet for a disaster....
2019-07-10, 18:39

Why Pennsylvania is giving $100 to every baby born or adopted in the state Faced with an aging population and unfunded pension liabilities, Pennsylvania is trying to bump up the savings rate. One new initiative: investing $100 in every baby born or adopted in the state for families that open a 529 college savings plan....
2019-07-10, 15:26

Levi Strauss profit tanks 17%, hit by a stronger dollar, and higher marketing and online expenses Levi Strauss reported a 17% drop in quarterly adjusted profit, hit by a stronger dollar, higher marketing costs, and investments in its online business....
2019-07-10, 13:13

The Value in Trying to Do Things Your Own Way Too many people use someone else’s map when building a business or making a big decision, either by following others’ rules or deliberately defying them....
2019-07-09, 00:39

What Americans really think the government should do to fix Social Security Social Security is in need of changes before 2035 to continue to pay out benefits as promised. Americans weigh in on what they think the government should do....
2019-07-08, 23:00

Live in these cities if you want to save plenty of cash You should have at least six months' savings set aside in case of an emergency. And it turns out the city in which you live could determine whether or not you're able to reach that goal....
2019-07-08, 23:00

Here's how more Americans can save for retirement, according to the 'father of the 401(k)' More employers, like small businesses, need to start offering retirement savings plans to their workers, says Ted Benna, best known as the 'father of the 401(k).'...
2019-07-08, 16:52

Here's where the presidential candidates stand on Social Security Medicare has become a buzzword so far in the 2020 race. Yet another important benefits program,Social Security, has largely been absent from the discussion. This roundup shows where the leading candidates stand....
2019-07-07, 02:13

Even as Goldman Sachs and Ally Bank cut deposit rates, high-yield savings accounts still pay As the probability of a rate cut increases, banks will start to lower deposit rates offered to consumers. Goldman Sachs and Ally Financial have already done so....
2019-07-05, 18:39

Nearing retirement? This checklist can help make sure you're financially ready Regardless of what the next phase of your life looks like, there are some financial aspects you should consider now to help the transition go smoothly....
2019-07-05, 18:39

How Facebook's Libra could lead you to clean out your wallet Facebook's upcoming cryptocurrency Libra has some experts concerned about security issues. A possible bigger problem: out-of-control spending by consumers....
2019-07-05, 18:39

Tutankhamen sculpture sold for $6 million despite Egypt's outcry A 3,300-year-old sculpture of Tutankhamen's head sold for almost $6 million at auction, defying calls from Egyptian authorities for the artifact to be returned to its native country....
2019-07-05, 13:39

Billionaire coal executive and philanthropist Chris Cline dies at 60 in a helicopter crash West Virginia officials said the Foresight Energy founder is dead. The 60-year-old died in a helicopter crash, according to his alma mater, Marshall University....
2019-07-05, 13:39

Saving for a Future Complicated by the Loss of Sight and Sound Blind and deaf Americans, who are in the labor force at lower rates than the able-bodied, have sued large financial institutions to try to remove the obstacles to managing their money....
2019-07-05, 13:13

How to snag a good deal on a car if you're shopping during the July 4 sales push Climbing new-car prices, slowing consumer demand and competition from millions of leased cars returning to the market have resulted in dealerships eager to unload inventory....
2019-07-04, 17:52

Predatory lenders prey on US military members. Here's how to avoid becoming a victim Predatory lenders, who cluster around military bases, target young soldiers who are inexperienced with money. Money expert Tara Falcone shares tips on how to protect yourself....
2019-07-04, 04:26

The Secure Act may flood your 401(k) with annuities. Here's what you should know While many people may be drawn to the idea of guaranteed income in retirement, it's important to understand the pros and cons of annuities before buying one....
2019-07-04, 04:26

Cringeworthy money mistakes advisors have seen their clients make We asked 10 financial advisors, including nine members of the CNBC Digital Financial Advisors Council, about the worst money mistake they've seen a client make....
2019-07-03, 18:13

Kleinwort Hambros: Maintaining a high-touch personal service Paul Kearney, head of private banking at Kleinwort Hambros, says that there are two overriding prerequisites for success in the competitive private banking market: relevance and efficiency....
2019-07-02, 17:39

One-third of Americans have cut back on spending, and some fear a recession is coming A third of Americans are spending less, according to the CNBC/Acorns Invest in You Spending Survey released on Monday. The reasons they cite include fear of a job loss, high medical bills and fear of a recession....
2019-07-01, 18:13

College costs are skyrocketing. Here's how to decide if that high price tag is worth it With the student loan crisis gaining ground as a key issue in the 2020 presidential race, a new CNBC and Acorns survey has found that a majority of Americans believe the value of a college education is tied to whether they have to go into debt to pay for it....
2019-07-01, 18:13

Men spend more on impulse buys than women. Here are 6 ways to break the habit A new CNBC and Acorns survey shows that men spend more on impulse buys than women, breaking old stereotypes. Experts give tips on how to break the habit by leaving your credit card behind and being mindful of retail tricks....
2019-07-01, 18:13

DeVos cancels Obama-era rule forcing colleges to prove students could repay their student debt Education Secretary Betsy DeVos issued the final repeal of an Obama-era rule aimed at holding low-quality education programs accountable by forcing them to prove their graduates were able to repay their loans....
2019-07-01, 18:13

Cancer patients with student debt are supposed to get a break. The government isn't giving it President Trump signed a bill last year allowing people with cancer to press pause on their federal student loan payments throughout their medical treatment and then for six months afterward....
2019-06-29, 22:39

Learn money and investing basics in less time than an episode of The Office These eight personal finance education videos will teach you the basics of credit, budgeting, insurance, retirement, saving, investing and taxes in less than 20 minutes....
2019-06-28, 22:13

Democrats' student debt forgiveness proposals may resonate more in blue states Voters in blue states stand to have more student debt forgiven under Democrats' proposals than those in red states, according to an analysis by CNBC...
2019-06-28, 22:13

That Texting-While-Driving Ticket Can Also Lead to a Car Insurance Penalty Many insurers charge the penalty for three years after the violation, meaning you’ll be paying the price long after the check for your ticket has cleared....
2019-06-28, 18:13

Nike misses on earnings, but beats on revenues as customers buy more sneakers and sports gear Nike sold more sneakers and gear during the fiscal fourth quarter than Wall Street expected, helping to boost revenues by 4% to just over $10 billion....
2019-06-28, 12:39

Social Security statements could be coming back to your mailbox The Social Security Administration may have to send annual statements via snail mail again. Advocates for the change say not enough people are accessing that information online, which can hurt their retirement....
2019-06-27, 21:39

Lennar profit beats as lower mortgage rates boost home sales Lennar reported a higher-than-expected quarterly profit on Tuesday, as the No. 2 U.S. homebuilder's sales got a boost from lower interest rates for mortgages....
2019-06-27, 20:26

FedEx CEO says US lawsuit is 'separate and distinct' from Huawei package mishaps FedEx CEO and Chairman Frederick Smith said the recent lawsuit against the Commerce Department is "separate and distinct" from the shipping incidents involving Huawei. FedEx has said those incidents were mistakes....
2019-06-27, 20:26

Cheerios maker General Mills stock tumbles after sales disappoint Shares of General Mills tumbled Wednesday after the Cheerios maker's quarterly revenue fell short of analysts' estimates as fewer Americans eat its snacks....
2019-06-27, 20:26

Financial advisory firms offer 'returnship' programs Internships for professionals, many middle-aged, who've taken a break from the labor force are becoming more popular at financial advisory firms....
2019-06-27, 18:39

Firms look to attract and retain tomorrow's financial advisors As the nation's financial advisors start to age out of the workplace, the industry is facing the fact that the number of graduates from university and college financial planning programs won't come near to replacing them....
2019-06-27, 18:39

This debt is most likely to force you to file for bankruptcy Student loans aren't the biggest reason people file for bankruptcy. Those who hit financial rock bottom most often point to medical debt as the cause....
2019-06-27, 18:39

Thousands of students sue Betsy DeVos, claiming she's denying them student debt forgiveness More than 150,000 former students of for-profit colleges filed a lawsuit against the U.S. Department of Education and Education Secretary Betsy DeVos on Tuesday, claiming the agency is depriving them of student debt relief....
2019-06-27, 18:39

Cuts to Social Security would hurt older, single women most of all The Social Security program is approaching insolvency, and the demographic to be hit hardest by any reduction in benefits will be women, who tend to earn less, claim benefits earlier and outlive men....
2019-06-27, 18:39

It's time for colleges to require mandated financial literacy courses The U.S. Financial Literacy and Education Commission "recommends that institutions of higher education require mandatory financial literacy courses." It is about time....
2019-06-27, 18:39

Bank overdraft fees could jump if consumer watchdog eases rule The nation's consumer watchdog agency is reviewing the rule that regulates how banks charge fees when their customers spend more than what is in their accounts....
2019-06-27, 18:39

Medigap changes coming next year for future 65-year-olds If you turn 65 after 2019, you no longer can purchase a policy that covers the deductible for Part B. If you reach that age before Jan. 1, however, you'll still have that option available....
2019-06-27, 18:39

Women and minorities receive less from Social Security. Politicians are looking to change that Congressional Democrats took to the Hill on Wednesday in the latest push for Social Security reform. Their mission: to help get women and minorities better financial coverage through benefits....
2019-06-27, 18:39

House passes bill that would block enforcement of new SEC investor protection rule One of the amendments attached to an appropriations bill would prohibit the Securities and Exchange Commission from implementing and enforcing its "Regulation Best Interest."...
2019-06-27, 18:39

Here are the U.S. cities with the biggest share of 65-and-older workers A new analysis of Census Bureau data identifies cities with populations of 200,000 or more that have the highest percentage of older residents in the workforce....
2019-06-27, 18:39

Givling trivia app offers student debt relief. She spent $42,000 to win: 'It takes over your life' The Givling app has attracted a large and loyal following of borrowers hoping for relief from decades of monthly loan payments. It might be making their situations worse....
2019-06-21, 18:00

Sen. Elizabeth Warren proposes law to help same-sex couples collect tax refunds owed to them Proposed legislation from Sen. Elizabeth Warren (D-Mass.) would give gay couples who are legally married the ability to file amended tax returns and get federal refunds owed to them....
2019-06-21, 00:26

Carnival cuts 2019 profit on Cuba travel ban, higher expenses Carnival cut its profit forecast for the year on Thursday due to the Trump administration's sudden ban on cruises to Cuba and higher expenses related itinerary changes for one of its ships....
2019-06-20, 17:00

Here are 4 tax breaks that you might get back if Congress reinstates deductions The House Ways and Means Committee has proposed a package of "tax extenders," potentially reviving deductions and credits that were unavailable for the 2018 tax season....
2019-06-19, 15:52

Here's how advisors can recommend a life insurance policy in their client's best interest If you're making life insurance and annuity recommendations in the Empire State, you'll soon be required to act in your client's best interest. What you should know about this new rule....
2019-06-18, 17:26

How to outfox the robots reading your resume There are more resumes to compete against. Here's how to tailor your resume to take advantage of the algorithms that reject and choose candidates....
2019-06-18, 17:26

Rick Santelli's 5 things you need to know about investing in bonds If you want a balanced portfolio, experts say you should invest in bonds. Here are the answers to five key questions about the market, from CNBC's Rick Santelli....
2019-06-18, 17:26

New federal tax rules create advantage for real estate investment trusts As Generation X and millennials inherit their baby boomer parents' assets amid the so-called Great Wealth Transfer, some will look to invest it in rental property to generate income....
2019-06-18, 15:26

Five reasons why your high-tax state won't let you move away Thinking of relocating to Nevada for its income tax-free environment? Chances are your home state's auditors won't let you go quietly. Here are five things that will keep you from making a clean break....
2019-06-14, 20:00

Here's how much Americans are spending on their kids' allowance A new survey shows that 40% of Americans are paying their kids an allowance. Here's how much they are paying and other ways you can teach your children about money....
2019-06-14, 17:26

Lessons from Dad: The best money advice CNBC anchors received from their fathers Parents have a big influence on their kids, including when it comes to money. With Father's Day just around the corner, we asked our CNBC anchors and reporters for the best money advice they received from their dads....
2019-06-14, 16:01

Elizabeth Warren will introduce legislation to cancel student loan debt for most borrowers Elizabeth Warren isn't waiting for the election to push forward her sweeping plan to erase the majority of the country's outstanding student debt....
2019-06-13, 22:52

Let's stop the argument that financial education doesn't work Research continues to validate financial education, leading to better decision-making, heightened confidence and increased self-efficacy. If you impugn our field, you have no understanding of what it takes to create impactful learning....
2019-06-13, 20:00

Companies are trying something new with their 401(k) plans. It might get you to save more A growing number of companies automatically take money from their employees paychecks and deposit it into a retirement account — even after a worker has opted out....
2019-06-12, 20:52

Options are few for storm-ravaged homes with insufficient insurance While government programs can offer assistance following a hurricane or other major weather event, it's not guaranteed and it's not all free....
2019-06-12, 20:52

How the average American millionaire is managing their money in this market CNBC's latest Millionaire Survey finds that America's wealthy remain confident in stocks and the economy even as trade wars persist and President Trump and the Federal Reserve spar over interest rates....
2019-06-12, 19:26

Feds block SALT workarounds that high-tax states favored The feds blocked a move by blue states to craft a workaround to the Tax Cuts and Jobs Act limiting state and local tax deductions, saying receipt of a SALT credit in return for making such a contribution would constitute a quid pro quo....
2019-06-12, 19:26

The top 10 'hidden gems' for summer vacation home rentals Vacation rental management company Vacasa has identified "undiscovered towns and smaller cities," with a similar look and feel to the Top 10 destinations its clientele favor....
2019-06-12, 15:13

Counterintuitive? Here's why advisors may urge retirees to load up on equities Got guaranteed income? Retiring investors with pensions, Social Security or income annuities have a bit of a buffer that may allow them to invest a little more aggressively in stocks. Here's why....
2019-06-12, 15:13

Congress moves to make it easier for older workers to prove age discrimination The bill would make proving age discrimination easier, by allowing workers to prove their age was a factor in an employer's decision to discipline, fire or not hire them and not the sole reason....
2019-06-11, 23:13

Turns out it's not baby boomers who have taken the most from Social Security New research from the Center for Retirement Research at Boston College finds that it was the earliest beneficiaries who received more money than they paid in to Social Security....
2019-06-11, 01:13

Rolling Stones concert goers to get schooled on lifetime income The band is back following Mick Jagger's heart surgery. The concert sponsor hopes attendees will ask how long their money will last in retirement....
2019-06-09, 16:00

An IPO could make these workers wealthy – or leave them holding nothing Not all start-ups grow up to be Facebook. For the lucky few that do, their employees might have access to a small fortune: stock options. Here's what you should know....
2019-06-08, 17:00

This tax savings strategy for massive IRAs could be on the way out A new retirement bill could make it difficult for owners of large IRAs to pass on their accounts to nonspouse heirs. Here's what you should know....
2019-06-07, 05:01

This company is helping pay down its employees' student debt. 'They are creating value for us' Chegg has a new program that will give its employees up to $5,000 a year to help pay off student debt. "If they borrowed money and they are creating value for us, we want to help them," says CEO Dan Rosensweig....
2019-06-07, 05:01

S.E.C. Tells Brokers to Work for You, but Don’t Skip the Fine Print Consumer advocates say rule changes have weakened the standards governing one class of financial professionals while giving an unwarranted veneer of trustworthiness to another....
2019-06-07, 03:39

Advisors down on crypto but give cannabis stocks and passive investing a thumbs up: survey The advisor survey from the Financial Planning Association reveals advisors are upbeat about the economy, still like passive investing and are interested in cannabis-related holdings but remain skeptical about cryptocurrencies....
2019-06-06, 15:13

Campbell raises profit forecast on snack boost, shares up 10% Campbell Soup raised its profit forecast for the year on Wednesday after its quarterly earnings beat estimates on stronger sales of its growing range of snacks, sending its shares up nearly 10%....
2019-06-05, 18:26

Morgan Stanley lets clients use donor-advised funds focused on drug discovery Morgan Stanley is teaming up with the Harrington Discovery Institute to let clients make targeted donations to help fuel the creation of new treatments for diseases....
2019-06-05, 09:26

Investing opportunities are expanding for the LGBTQ community In a reflection of the progress LGBTQ Americans have made, the range of investment products tailored to their concerns has also been growing in scope and size. However, there can be no one-size-fits-all option for this diverse demographic....
2019-06-04, 20:52

James Holzhauer of 'Jeopardy' fame likely owes $1.2 million in taxes "Jeopardy" champion and professional sports bettor James Holzhauer lost in his 33rd episode of the TV game show, which aired on Monday, finishing $58,484 short of the all-time winnings record....
2019-06-03, 23:26

This is the age when it becomes embarrassing to live with your parents There's now less stigma around living with your parents into your 20s. A new survey from TD Ameritrade finds that age 28 is when it starts to become embarrassing....
2019-06-03, 23:26

Tucked away in this retirement bill is a provision to ease college students' tax burdens Tucked away in the retirement bill is a provision that would lighten the tax load on Gold Star families and recipients of taxable scholarships. Here's what you should know....
2019-05-31, 21:39

Are you covered for a flood? It's time to check any risk for summer storm damage The next six months are when the risk is greatest for major storms to develop and reach the U.S. Homeowners should evaluate their insurance coverage to make sure it's adequate....
2019-05-31, 21:39

Costco is looking at alternative sourcing and price hikes as tariffs loom Costco reported profit and revenue that beat Street estimates and said it would tackle the proposed round of tariffs on Chinese imports by sourcing goods from other countries and possible price increases....
2019-05-31, 13:39

A Financial Checklist for Your Newly Minted High School Graduate We’ve got budget, retirement account, credit, information security and insurance advice for your independent adult, college student, gap-year taker or future soldier....
2019-05-31, 12:39

Dollar General's strong same-store sales, profit beat lift shares Dollar General beat analysts' estimates for quarterly same-store sales, as customers spent more on groceries, seasonal products and home goods at the discount retailer's stores....
2019-05-30, 23:39

Dollar Tree cuts profit forecast as costs rise Dollar Tree cut its full-year profit forecast on Thursday, citing costs related to store closures and freight, sending its shares down 4% in trading before the bell....
2019-05-30, 23:39

Serial entrepreneur Gary Vaynerchuk reveals the investment secret that made him millions Gary Vaynerchuk, an early investor in Tumblr, Twitter and Snap, says he has made millions investing instinctively by zeroing in on brands he truly likes and understands. It's also important to be patient and have a long-term view, he says....
2019-05-30, 20:13

Retirees are fleeing these 3 states in droves Many New Jersey residents have had it with taxes and snowstorms. A third of people who left the Garden State in 2018 cited retirement as a primary reason for doing so, according to a survey from United Van Lines....
2019-05-30, 16:39

Technology helps advisors take financial planning to the next level for clients Financial advisors are turning to sophisticated and accessible financial-planning software to deliver on the promise of "holistic financial planning" for their clients....
2019-05-30, 16:26

This is the Number 1 benefit new college grads seek at work — and it's not debt repayment Retirement plan matches and even student loan assistance all take a backseat to the granddaddy of workplace benefits: health insurance. Those are the findings from a survey by the American Institute of CPAs....
2019-05-29, 23:52

Have your first $1,000 to invest? Don't even think about the stock market Looking for a hot stock tip to get started on growing your wealth? Have your first $1,000 to invest in the market but not sure where to put it? Here's the only answer that makes sense....
2019-05-29, 19:00

DowDuPont to take $800 million to $1.3 billion charge in the second quarter DowDuPont said it expects to book an pretax charge of $800 million to $1.3 billion for the April-June quarter, resulting from changes in valuation of assets in the wake of a drop in ethanol prices and weak demand for its biomaterial products....
2019-05-29, 18:13

Four ways to get the most out of your 529 college savings plan By now, everyone's familiar with the $1.4 trillion student debt crisis. However, many parents aren't familiar with a tool that can curb borrowing....
2019-05-29, 16:39

Advisors must weigh benefits and real dangers before offering this hot new tax play If you're a financial advisor, odds are that some of your clients have heard of qualified opportunity zone funds. Here's what you should know before recommending this tax-advantaged real estate strategy....
2019-05-28, 17:39

Climate change can pose big risks to real estate investments Climate changes pose big risks to real estate investments. The good news for REIT investors is that environmental, social and corporate governance-focused products are growing at a rapid clip....
2019-05-28, 17:39

This is four-time NBA champ John Salley's No. 1 money rule "Go for success, figure out how to do something that will make you happy while doing it, and the caveat is money comes along with it," says NBA star-turned-entrepreneur John Salley....
2019-05-28, 17:39

Botched your tax withholding in 2018? It's about to get more complicated The days of hazarding a guess at your tax withholding are over. The IRS will soon release a draft of its new Form W-4 for 2020. Employees may need to scour their tax return to accurately fill it out....
2019-05-25, 16:13

It’s Almost ‘529 Day,’ and States Say Don’t Forget This College Savings Gift The number of 529 accounts has grown in the past few years. But most people still haven’t heard of the plans or know about their tax benefits, research shows....
2019-05-24, 19:26

Americas private banking debate: Internationalization is the future Wealthy clients increasingly need international products and services. The opportunities are clear for those who can stomach the regulatory hurdles of cross-border business and who can leverage their retail or investment banking connections. Technology investments are crucial, but the competitive la...
2019-05-24, 16:13

'American Ninja Warrior' host Akbar Gbajabiamila's top strategy for overcoming fear Is fear getting in your way when it comes to saving and investing? Akbar Gbajabiamila, co-host of NBC's "American Ninja Warrior," has some advice on how to overcome it....
2019-05-24, 15:39

Millions of Americans are only $400 away from financial hardship. Here's why A majority of American adults say they are living comfortably, according to an annual Federal Reserve study on financial well-being of households. But nearly a third still lack savings to handle a $400 emergency expense....
2019-05-23, 20:39

Ignoring this client asset may become an advisor's nightmare With the right planning, a cash value life insurance policy can help supplement income in retirement. But if you ignore it, loss of coverage and a raft of income taxes could be around the corner for your client....
2019-05-23, 20:39

Bipartisan retirement bill clears House, moves closer to becoming law The Secure Act will head to the Senate, where a similar bill awaits committee action. Differences in the two bills would need to be worked out before legislation could be finalized and sent to President Trump for his signature....
2019-05-23, 18:26

For military families living on the financial edge, money matters are complicated Personal finance can be tricky for military families dealing with frequent moves and lower income, not mention the stress of deployment to often dangerous areas. Here's what help's out there to aid troops in managing their money....
2019-05-23, 16:13

Medtronic posts Q4 profit beat on surgical instruments business strength Medtronic reported a nearly 20% drop in quarterly profit on Thursday, hurt by lower sales in its cardiac and vascular business that makes heart valves and stents....
2019-05-23, 15:39

Before Deciding on a College, Look Closely at the Financial Aid Letter Schools are not required to use the same terminology in their offers. And an “award” could mean a grant — or a loan. “Celebrate,” one expert says. “Then, decide.”...
2019-05-22, 21:39

‘Medicare for All’ Is Hammering Health Care Stocks. For Now. The popularity of proposals for a government-run, single-payer system among Democratic presidential candidates has hurt health care stocks, despite their strong earnings....
2019-05-22, 21:39

4 Tax Strategies That Could Make a Divorce Settlement Easier Divorce negotiations are never easy, and they became more complicated this year, thanks to the tax overhaul. Here are four tips for taxpayers to consider....
2019-05-22, 21:39

Notre-Dame Donation Backlash Raises Debate: What’s Worthy of Philanthropy? Philanthropic experts said they were not shocked by what seemed like an ungrateful response to the money raised to restore the cathedral, but few agreed on a solution....
2019-05-22, 21:39

Investing for Social Impact Is Complicated. Here Are 4 Ways to Simplify It. Many organizations measure the effect of investments meant to spur positive change, but the metrics they use, and their results, vary. Several are trying to make it easier....
2019-05-22, 21:39

A Quirk of the Calendar Is Messing With Stocks Erasing the 2007-2009 bear market from 10-year stock returns has made ‘long-term’ performance look stellar, even though recent returns are unexceptional....
2019-05-22, 21:39

How Loopholes Help Trump and Other Real Estate Moguls Avoid Taxes The ability to deduct business losses against income tax is common. But there are myriad other benefits, all legal, created specifically for commercial real estate....
2019-05-22, 21:39

Beware of Credit ‘Repair’ Companies, Consumer Watchdogs Say Anything these companies can do, people can do for themselves at no cost. Federal regulators recently filed suit against two of the biggest companies....
2019-05-22, 21:39

Interest Rates on New Federal Student Loans Will Dip Slightly The rates, which will take effect on July 1, won’t make a big difference in monthly payments. But given the cost of college, one expert says, “this is a bit of good news.”...
2019-05-22, 21:39

VF Corp's 2020 forecast disappoints as demand for Vans sneakers slows Apparel maker VF Corp exceeded Wall Street's quarterly sales expectations, boosted by higher demand for its Vans sneakers and outdoor wear brand North Face....
2019-05-22, 17:00

People who live in these cities earn the highest salaries in the world, research shows Average salaries in San Francisco have risen by 31% since 2018, with the city taking the crown for the highest-paying city in the world this year, according to Deutsche Bank research....
2019-05-22, 13:39

3 steps to determine whether you've earned the right to invest You'll have to tidy up your finances before you can start investing, says Douglas A. Boneparth, president of Bone Fide Wealth in New York. Where to begin....
2019-05-21, 19:39

Consumer watchdog sues law firm that filed 99,000 debt-collection suits The Consumer Financial Protection Bureau's complaint against a New York debt-collection law firm alleges that its attorneys signed off on tens of thousands of lawsuits against consumers without vetting the facts....
2019-05-21, 19:39

Want to invest like Warren Buffett? Here are the ins and outs of buying preferred stock Warren Buffett's latest deal involves the preferred stock of Occidental Petroleum. Here's what that means and when it could be a good option for you....
2019-05-21, 19:39

Billionaire to graduating college students: My family is going to eliminate your student loans Robert Smith announced that he and his family would set up a grant to pay off the nearly 400 graduating seniors' student loans. The total gift is estimated at $40 million....
2019-05-21, 19:39

Black households try to close wealth gap by chasing higher returns Black investors are trying to close the wealth gap and feather their retirement nests should avoid taking on too much risk to speed their savings rate. Professional advice can help....
2019-05-21, 19:39

AIG shares jump as profit beats on strong underwriting and lower costs Insurer AIG reported first-quarter earnings that trounced Wall Street estimates, as its general insurance business posted its first underwriting profit since the financial crisis....
2019-05-21, 15:39

Pioneer Natural profit beats, takes 'Permian pure play' tag with asset sale Pioneer Natural Resources beat Wall Street estimates for quarterly profit, and said it sold its Eagle Ford and remaining assets in South Texas to become a pure-play Permian basin producer....
2019-05-21, 15:39

Lyft has been a train wreck of a stock. Now it's about to report its first big earnings loss Lyft shares are down 30% since its trade debut, and now the rideshare firm is preparing for another first: earnings as a public company. While its path to profits is still a long one, it will need to show investors revenue growth and cost-cutting....
2019-05-21, 15:39

Mallinckrodt stock swings up 16%, then down, after drugmaker raises 2019 profit outlook Mallinckrodt Pharmaceuticals rose as much as 16.4% but opened lower after first-quarter earnings beat projections and the company raised its guidance....
2019-05-21, 15:39

Mylan quarterly revenue misses estimates, shares fall Drugmaker Mylan missed Wall Street estimates for quarterly revenue, hurt by restructuring at its Morgantown plant in West Virginia and a stronger dollar,....
2019-05-21, 15:39

Papa John's swings to a loss as fallout from spat with founder weighs on profits Papa John's reported first-quarter net loss of $3.80 million, or 12 cents per share, down from a net income of $17.4 million, or 52 cents per share, a year earlier....
2019-05-21, 15:39

Honda forecasts 6% rise in annual profit on Europe factory revamp Honda Motor forecast a 6% increase in operating profit for the current fiscal year due to cost reduction efforts and a restructuring of its production network in Europe....
2019-05-21, 15:39

Toyota operating profit growth to drop this year on revenue slip Toyota Motor forecast lower growth in operating profit for the current year on an expected drop in revenue and weaker vehicle sales in Japan and North America....
2019-05-21, 15:39

Sprint loses more phone subscribers than feared in the fourth quarter Wireless carrier Sprint on Tuesday reported greater-than-feared losses in phone subscribers who pay a monthly bill, as the company struggled to keep customers from going to larger rivals....
2019-05-21, 15:39

Symantec CEO Greg Clark steps down, stock drops Shares of security company Symantec fell Thursday after the company said its CEO, Greg Clark, has stepped down. The company is looking for a replacement....
2019-05-21, 15:39

Tencent Music charges for more content as paying users drive profit beat China's Tencent Music Entertainment Group said it had started charging for more of its content in the first quarter as the popularity of its pay-for-streaming services helped drive up profit....
2019-05-21, 15:39

Deere blames escalating trade war for worsening outlook An escalating trade war between the U.S. and China threatens to hit U.S. exports of key commodities, hurting farm incomes and demand for Deere's equipment....
2019-05-21, 15:39

Lumentum says it's halting all Huawei shipments; cuts its quarterly forecast Mobile phone parts producer Lumentum on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei, following export restrictions put in place by the U.S....
2019-05-21, 15:39

Global private banking debate: Trust, scale and security key factors in a digital world Meeting the needs of high net-worth families is more challenging and fascinating than ever. Private banks are investing in new forms of digital communication, catering to clients’ philanthropic demands, boosting fee transparency and finding ways to attract and retain the best young talent....
2019-05-21, 15:01

Societe Generale Private Banking (SGPB): Embracing phygitalization Over the last five decades, Societe Generale has been synonymous with innovation, says Jean-François Mazaud, Head of the group’s private banking unit (SGPB)....
2019-05-21, 15:01

Asia private banking debate: Great opportunities in Asia Asia offers a unique client set of young entrepreneurs; it also offers the challenge of new generations inheriting wealth with different expectations from their predecessors. That is a great opportunity, but it requires private banks to be nimble, thoughtful and technologically adept....
2019-05-21, 15:01

Societe Generale Wealth & Asset Management activities: Setting new standards in SRI and ESG "Our primary mission is to protect our clients’ wealth. How they can as well invest in a positive and sustainable way is more and more at the centre of our dialogue with them.”...
2019-05-21, 15:01

India’s wealth managers find profit in the provinces The face of wealth management in India is changing, as vast fortunes are made by young digital disruptors and as private banks venture out of the main commercial hubs in search of untapped profit and potential in second-tier cities....
2019-05-21, 15:01

50 Years of Private Banking - A Special Report Euromoney Magazine has charted the birth, growth and maturity of the global private banking industry over 50 years. This special report is the distilled essence of five decades of innovation and change. We look at how private banking has evolved, and what the future holds for an industry that has ne...
2019-05-21, 15:01

Private banking across the decades Euromoney’s coverage of private banking since our launch in 1969 reflects the changes in the industry itself. The first 30 years were dominated by Swiss banks – and trying to get into their inner sanctums. The last two decades have seen the evolution of wealth management into a truly global business...
2019-05-21, 15:01

Private banking: Who stays in Asia, wins in Asia For many private banks that set up in Asia in the last decade, the cost of doing business kept them locked out of the vast expansion of wealth in the region; those that didn’t leave are settling into a more mature industry, but they are a long way from being able to relax....
2019-05-21, 15:01

Private banking architects: Jürg Zeltner – the pioneer of the CIO Jürg Zeltner, former chief executive of UBS Wealth Management, explains how the chief investment office was born out of chaos. Its introduction shifted not just UBS but the whole private banking industry to a model of professionalism....
2019-05-21, 15:01

From private bank client to farmer: a Chinese model of social lending Financial services group CreditEase runs an app through which its private banking clients can be connected to needy women farmers in China’s rural interior. It’s a remarkable initiative taken up by 200,000 farmers and shows what can be done with low-level credit. But how does the risk management wor...
2019-05-21, 15:01

Private banking architects: Mark Branson – the man who cleaned up private banking Mark Branson, chief executive officer of Swiss financial regulator Finma, talks to Euromoney about how tax transparency has changed the trajectory of private banking and how far regulation can go in curtailing misconduct....
2019-05-21, 15:01

Private banking architects: Mary Callahan Erdoes – broadening clients’ investment horizons Mary Callahan Erdoes of JPMorgan speaks to Euromoney about being the port in the storm during the financial crisis and opening up the private wealth market to the whole investment industry....
2019-05-21, 15:01

Private banking architects: Tan Su Shan – leading the charge for Asia’s wealthy Tan Su Shan has led DBS’s efforts to become the leading home-grown bank for wealth management in Asia, during a decade in which the number of billionaires in the region has soared....
2019-05-21, 15:01

Private Banking and Wealth Management Survey 2019: Results Index More than 2,000 private bankers took part in the 2019 Euromoney private banking survey. See who’s up and who’s down globally, regionally and by country....
2019-05-21, 15:01

Women in private banking: Why we need a new normal Wealth management was built by men for men, but now that women will become the largest beneficiaries of the $30 trillion intergenerational wealth transfer, the industry needs to overhaul itself. If it doesn’t, it will be letting down more than just its female clients....
2019-05-21, 15:01

Private banking: Wealthtech 2.0 – when human meets robot If there was ever a risk of client advisers being replaced by robots, that danger has now passed. Today both robo-advisers and large wealth managers see the importance of having humans and technology work together....
2019-05-21, 15:01

Wealth management: The Next Generation The last 20 years of private banking have been all about building scale, international growth and professionalization; the top wealth managers are still getting bigger and are confident they have the right model – but as they struggle to maintain quality of service under pressure on revenues, new sp...
2019-05-21, 15:01

Private Banking Awards Dinner 2019 Euromoney’s Private Banking Awards are the most prestigious in the growing area of wealth management. They cover over 60 countries each year, as well as global and regional awards....
2019-05-21, 15:01

Private banking: Wealth becomes exciting again in Brazil After so long, private bank clients and even retail investors are no longer happy with the returns from government bonds; instead, they are searching for yield and pushing up the value of risk assets....
2019-05-21, 15:01

Why private capital will dominate markets for the decades to come Big pools of private capital, led by sovereign wealth funds, private equity sponsors and family offices, now dominate capital formation in the key growth industry sectors of technology and biotech and the expanding markets of Asia. New tech will let networks of private investors connect and exchange...
2019-05-21, 15:01

CITIC Bank Private Bank: Success = Technology + Human Touch CITIC Private Bank is leading Chinese private wealth managers in the adaptation of technology, but it is not forgetting the most important element of customer service and the notion that each App Must Have the Warmth of the Human Touch!...
2019-05-21, 15:01

Societe Generale Private Banking: Building a pan-European footprint Societe Generale has had a presence in Luxembourg since 1893, making it the oldest foreign bank in the Grand Duchy. As well as being one of the market leaders, Societe Generale is now the fifth largest employer in Luxembourg’s thriving and business-oriented financial services industry....
2019-05-21, 15:01

Your Money Adviser: Before Deciding on a College, Look Closely at the Financial Aid Letter Schools are not required to use the same terminology in their offers. And an “award” could mean a grant — or a loan. “Celebrate,” one expert says. “Then, decide.”...
2019-05-21, 15:00

Strategies: ‘Medicare for All’ Is Hammering Health Care Stocks. For Now. The popularity of proposals for a government-run, single-payer system among Democratic presidential candidates has hurt health care stocks, despite their strong earnings....
2019-05-21, 15:00

Wealth Matters: 4 Tax Strategies That Could Make a Divorce Settlement Easier Divorce negotiations are never easy, and they became more complicated this year, thanks to the tax overhaul. Here are four tips for taxpayers to consider....
2019-05-21, 15:00

Wealth Matters: Notre-Dame Donation Backlash Raises Debate: What’s Worthy of Philanthropy? Philanthropic experts said they were not shocked by what seemed like an ungrateful response to the money raised to restore the cathedral, but few agreed on a solution....
2019-05-21, 15:00

Wealth Matters: Investing for Social Impact Is Complicated. Here Are 4 Ways to Simplify It. Many organizations measure the effect of investments meant to spur positive change, but the metrics they use, and their results, vary. Several are trying to make it easier....
2019-05-21, 15:00

Strategies: A Quirk of the Calendar Is Messing With Stocks Erasing the 2007-2009 bear market from 10-year stock returns has made ‘long-term’ performance look stellar, even though recent returns are unexceptional....
2019-05-21, 15:00

Your Money: Trash, the Library and a Worn, Brown Table: The 2019 College Essays on Money Each year, we ask high school seniors to submit college application essays they’ve written about work, money, social class and related topics. Here are five that moved us....
2019-05-21, 15:00

Wealth Matters: How Loopholes Help Trump and Other Real Estate Moguls Avoid Taxes The ability to deduct business losses against income tax is common. But there are myriad other benefits, all legal, created specifically for commercial real estate....
2019-05-21, 15:00

Your Money Adviser: Beware of Credit ‘Repair’ Companies, Consumer Watchdogs Say Anything these companies can do, people can do for themselves at no cost. Federal regulators recently filed suit against two of the biggest companies....
2019-05-21, 15:00

Your Money Adviser: Interest Rates on New Federal Student Loans Will Dip Slightly The rates, which will take effect on July 1, won’t make a big difference in monthly payments. But given the cost of college, one expert says, “this is a bit of good news.”...
2019-05-21, 15:00

Baby T-Rex fossil listed for sale on eBay for $3 million The eBay listing, last updated on Tuesday, claims the artifact is "most likely the only baby T-rex in the world," adding that the specimen has a 15-foot-long body, 21-inch skull and serrated teeth....
2019-05-21, 14:52

America's wealthy investors say Fed-induced stock rally has plenty of life left — maybe years Millionaire investors began 2019 worried about the market, but as the Fed's about-face on interest rates takes hold as the new normal in monetary policy and stocks surge, an E-Trade survey finds that the wealthy expect the rally to continue....
2019-05-21, 14:52

Talking money with Suzy Welch: 'You don't have to be an expert to get into the market' Investing is a great way to grow your money, but the fear of not knowing enough about the market and losing money tends to scare people off. But life management expert Suzy Welch says you don't need to be an expert to win big....
2019-05-21, 14:52

Melinda Gates: Capitalism needs work, but it beats socialism and the US is 'lucky' to have it Melinda Gates, in an interview with CNBC's Becky Quick, says people living in developing countries "want to live in these types of capitalistic societies."...
2019-05-21, 14:52

FBI and US attorney question JetSmarter customers Customers of JetSmarter say they have been questioned about the private jet company's business practices and communications. The scope and nature of the inquiries are unclear....
2019-05-21, 14:52

It's not just Warren Buffett who's bullish on post-Brexit Britain A majority of wealthy U.K.-based investors see an economic upside for the U.K. despite uncertainty surrounding its withdrawal from the EU, according to a new quarterly survey by UBS....
2019-05-21, 14:52

Big win for Robert Kraft: Judge bars massage parlor video from use at prostitution solicitation trial The videos are the key — and potentially only — pieces of evidence that prosecutors have against Kraft to sustain their charges of soliciting prostitution....
2019-05-21, 14:52

Living with your parents to save money might dim your chances of becoming a homeowner Young adults who lived with their parents between the ages of 25 and 34 were actually less likely to become homeowners after 10 years than those who didn't....
2019-05-21, 14:52

The government, the biggest cause of the student loan crisis in the US, needs to fix this problem Governments need to find the resources to help families make smarter financial decisions about college during children's high school years. That way, young people will enjoy a great education with less debt and better financial outcomes....
2019-05-21, 14:52

The wealthiest investors are ramping up on this asset Even if you're a millionaire, cash is king. Investors in TIGER 21, a group of individuals with at least $10 million to invest, stepped up their allocation toward cash during the first three months of 2019....
2019-05-21, 14:52

Millennials need to get off the sidelines and start investing now Despite the many benefits of investing early and often, too many millennials sit on the sidelines because they worry about the risk of a repeat of the Great Recession of 2008....
2019-05-21, 14:52

Without student debt, Morehouse graduates will have more options, from careers to homes Here's how billionaire Robert F. Smith's promise to pay off student loans for nearly 400 Morehouse College graduates could change their lives....
2019-05-21, 14:52