Advisors

To be sure, women in corporate America have come along way in the last decade. While the overall gender pay gap has not changed much, it has narrowed among top executives. And, for the first time ever, women CEOs make up more than 10% among Fortune 500 companies. But CEOs are often recruited from among

larryhw | iStock / 360 | Getty Images The annual rate for newly bought Series I bonds could top 5% in November — and there are several things to consider before adding more to your portfolio, experts say.   November’s rate for new purchases could be higher than the current 4.3% interest on I bonds bought

The floor of the New York Stock Exchange. Spencer Platt | Getty Images August and September are historically the worst months for stocks. That was the case this year, as the S&P 500 index fell 6.5% over that span. Much of the time, however, the rest of the year can provide a respite, helping investors

About half of holiday shoppers have already started making purchases or plan to begin by Halloween, according to a recent Bankrate survey.  Most of them will use credit cards to pay for at least some of their purchases, the survey shows. “A couple of years ago, early holiday shopping was all about the supply chain

Jozef Polc / 500Px | 500Px Plus | Getty Images Social Security beneficiaries will see a 3.2% boost to their benefits in 2024, the Social Security Administration announced on Thursday. The annual cost-of-living adjustment for 2024 will affect more than 71 million Social Security and Supplemental Security Income beneficiaries. These benefit adjustments are made annually

Cravetiger | Moment | Getty Images The 60/40 portfolio — a cornerstone strategy for the average investor — has been stressed by the pandemic-era economy and market dynamics. However, “the 60/40 portfolio certainly isn’t dead,” Holly Newman Kroft, managing director and senior wealth advisor at asset manager Neuberger Berman, said Thursday at the semiannual CNBC

Aldomurillo | E+ | Getty Images Over a year ago, the Supreme Court overturned Roe v. Wade, the landmark 1973 case that paved the right to abortion, leaving millions of women grappling with the fallout — and Latinas are particularly likely to be affected. Lea este artículo en español aquí. More than three million Latinas who

The Powerball jackpot soared to an estimated $1.4 billion as of Oct. 6, 2023, according to the Multi-State Lottery Association. Justin Sullivan | Getty The Powerball jackpot has soared to an estimated $1.4 billion ahead of Saturday night’s drawing — and financial experts have tips for the lucky winner. As the third largest prize in

Cecilie Arcurs | Getty Images There’s a staffing shortage in the accounting industry, and it’s not too early to lock in a tax preparer for next season. If you need someone with specialty expertise — such as the employee retention tax credit or cryptocurrency taxes — it may take longer to find a qualified match.

Amid heightened economic uncertainty, Americans, overall, are saving less. The personal savings rate — how much people save as a percentage of their disposable income — was 3.9% in August, well below a decadeslong average of roughly 8.9%, according to the latest data from the U.S. Bureau of Economic Analysis. And yet, consumers continue to spend,

Ana Paula Cortes Courtesy: Ana Paula Cortes Ana Paula Cortes graduated from New York University in 2021 with her master’s degree in creative writing — and $100,000 in student debt. Lea este artículo en español aquí. Cortes, a U.S. citizen who grew up in Mexico, had to finance her degree on her own. She was raised

TikTok logo displayed on a cellphone. Hyoung Chang | Denver Post | Getty Images With consumers turning to social media for financial information, tax advisors are often battling misinformation spread by influencers on popular platforms like TikTok. Nearly 80% of millennials and Gen Zers have used social media for financial advice, according to a 2023

Jose Luis Pelaez Inc | Digitalvision | Getty Images There are a lot of opportunities to minimize your tax burden when it comes to retirement planning. Of course, making the most of tax-advantaged accounts is a key aspect of any retirement strategy. Some employer-sponsored plans such as 401(k)s allow you to make contributions on either

Hannah Williams poses for her Salary Transparent Street on TikTok Credit: Hannah Williams of Salary Transparent Street For most people, asking others “What do you do for a living?” is just one part of everyday small talk. But for Hannah Williams, posing that question to strangers is, in fact, what she does for a living.

Moyo Studio | E+ | Getty Images It used to be when you talked about marriage and the “golden years,” the picture was a traditional one. Get married, work hard, buy a house, have children and retire surrounded by family and some grandchildren. Divorce was a hush-hush topic and a rare occurrence. However, as the

Marco Vdm | E+ | Getty Images The wage gap costs women in the U.S. about $1.6 trillion a year, a new report finds. Women earned 78 cents for every dollar that men made in 2022, according to National Partnership for Women and Families. Researchers calculated the total cost to women of the wage gap

EmirMemedovski | E+ | Getty Images This August, two years into their relationship, Yumi Temple and her boyfriend, Daniel, moved into their first apartment together, in Denver. It was Temple’s first time living with another person, outside of family, and she quickly learned there was a lot to navigate. The couple decided to see a

Shoppers at a Chicago grocery store, Aug. 9, 2023. Scott Olson | Getty Images Inflation has continued to take a bite out of Americans’ wallets in 2023. But onetime predictions that a recession is on the horizon are instead now turning into forecasts of a soft landing for the U.S. economy. For top financial advisors

Prapass Pulsub | Moment | Getty Images As year-end approaches, some investors may be weighing a Roth individual retirement account conversion to save on future taxes. But there are several things to consider first, experts say. The strategy transfers your pretax or non-deductible IRA funds to a Roth IRA, which kick-starts future tax-free growth. But

D3sign | Moment | Getty Images Women spend more time than men providing unpaid care for children, older adults and other family members — time than can have a significant effect on their finances. Women spend an average 51.6 minutes a day caring for household children, other household members and nonhousehold members, according to a

Sporrer/Rupp | Image Source | Getty Images New government inflation data points to a 3.2% Social Security cost-of-living adjustment in 2024, according to a new estimate from The Senior Citizens League. That would raise the average monthly retirement benefit by about $57.30, according to the nonpartisan senior group. The Senior Citizens League’s calculations are based

DusanManic | iStock | Getty Images Almost half of Americans — 47% — say achieving retirement security will take a miracle, according to a new survey from Natixis Investment Managers. That is up “quite a bit” from about 40% of respondents who said the same two years ago, according to Dave Goodsell, executive director of

Gasoline was priced from $4.29 a gallon at a fuel station in Virginia on Aug. 16, 2023. Anadolu Agency | Anadolu Agency | Getty Images Inflation jumped in August on the back of higher gasoline prices, according to the consumer price index. But there’s good news for Americans: That increase is likely temporary, economists said.

Mason King Courtesy: Mason King More than a year of recessionary forecasts have created “a highly unusual market,” said Mason King, a principal of Luther King Capital Management in Fort Worth, Texas, which ranked No. 1 on CNBC’s list of the top 100 financial advisors in the U.S. for 2023. As a whole, the current climate has created

In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Undefined | Mint Images Rf | Getty Images OK, not all financial advisors wear capes. But many are superheroes to their clients. Advisors, however, do wear many hats because they play a key role in the lives of their clients as they help align their

Used car sales are soaring all over the U.S., and companies from Autonation to CarMax, Carvana and Buffalo, New York-based used car start-up ACV Auctions are benefitting. Patrick T. Fallon | Bloomberg | Getty Images During the pandemic, shoppers splurged on higher-end new cars. Now, given the current high car costs and interest rates, drivers

In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Jasondoiy | Istock | Getty Images Coming up with a large chunk of cash for a down payment is likely the first thing that comes to mind when people think of buying a house one day. But you probably don’t need as much money as

A sign posted outside a restaurant looking to hire workers in Miami, May 5, 2023. Joe Raedle | Getty Images News | Getty Images The gap between wage growth and inflation is closing. But it may take time for workers to fully recover from the fastest jump in prices in 40 years. “Hopefully, before too

John M Lund Photography Inc | Digitalvision | Getty Images Most Americans will have to rely on their savings to fund their retirement, but financial stress makes it hard for many workers to save. A new CNBC Your Money Survey conducted by SurveyMonkey found that 74% of Americans are feeling financially stressed, up from 70%

Getty Images When it comes to earning a decent yield on their savings, consumers may wonder: Should I choose a money market fund or a high-yield savings account? The purpose of each is similar. They generally serve as repositories for emergency funds or savings earmarked for the short term, perhaps to buy a car, home