Advisors

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

FG Trade | E+ | Getty Images “Know your worth,” career experts often say. But when it comes to salary expectations, American workers are already setting the bar high. What some labor economists are calling a “near-perfect” job market has helped propel the amount of money most job applicants would accept to a record this

Westend61 | Westend61 | Getty Images Experts have been pointing to a coming downturn for the U.S. economy. The question was when. Now, however, some firms and experts are walking back those predictions, calling into question the validity of once-trusted recession indicator known as the yield curve inversion. “While it is true that the yield

Gary Burchell | Getty Images More couples are becoming homeowners before tying the knot. Unmarried couples make up 18% of all first-time homebuyers, up from just 4% in 1985, according to a 2022 report by the National Association of Realtors. The organization mailed out a survey in July 2022 and received a total of 4,854

Monty Rakusen | Digitalvision | Getty Images Commodities aren’t for everyone, as they can be tricky investments. But for individual investors willing to learn the basics and accept volatility, a judicious allocation can make sense. This can diversify traditional portfolios of stocks and bonds, hedge against geopolitical risk and protect against sustained inflation. Yet buying

In this article LUV Follow your favorite stocksCREATE FREE ACCOUNT Whenever you’re traveling somewhere by plane, you have to pack, get to the airport, go through security, find your gate and — in the last step before you can finally relax while being taken to your destination —board the aircraft. “Boarding is one of the

The U.S. Department of Education in Washington, D.C. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images The Biden administration announced on Wednesday it would forgive $72 million in student debt for more than 2,300 borrowers who attended Ashford University. The aid will go to students from the online for-profit school based in San Diego,

For a growing number of families, financial aid is key when it comes to paying for college. With tuition on the rise, most college-bound students now rely on a combination of resources to make it work, including income and savings, free money from scholarships and grants and, of course, student loans, according to education lender Sallie

President Joe Biden delivers remarks on the Supreme Court’s decision on the Administration’s student debt relief program at the White House on June 30, 2023. The Washington Post | The Washington Post | Getty Images After the Supreme Court struck down the original White House federal student loan forgiveness plan earlier this year, legal historian

Jaap Arriens/NurPhoto via Getty Images Hoping to invest in artificial intelligence? Today’s “niche” companies and those seen as AI leaders are unlikely to be the biggest winners for long-term investors, said Barry Glassman, a certified financial planner and member of CNBC’s Advisor Council. “I’ve been through this enough to see that the niche players early

Violetastoimenova | E+ | Getty Images By some measures, Americans have never been more in the red. In the second quarter of 2023, total credit card debt surpassed $1 trillion for the first time ever, which helped bring total household debt to $17.06 trillion, also a fresh record, according to the New York Federal Reserve. But

Consumers have remained remarkably resilient amid a series interest rate hikes aimed at cooling inflation. However, there are recent signs of a shift. Shoppers are still buying more than last year, but spending growth is slowing as the economy settles down, according to Jack Kleinhenz, the National Retail Federation’s chief economist. “There are ongoing economic

A Miami supermarket in July 2023. Joe Raedle | Getty Images News | Getty Images The forecast for the post-pandemic U.S. economy once called for a recession. Now many experts are backing off those predictions. In the latest about-face, 69% of economists surveyed by the National Association for Business Economics said they see a “soft

Andreypopov | Istock | Getty Images Property taxes can be a major expense for households, and several factors may affect the size of the bill, research shows. These levies — which typically fund public services, such as K-12 education, police and firefighters — can be tough to compare across jurisdictions. But there are four key

Maki_shmaki | Istock | Getty Images Consider this a public service announcement for all treasure hunters: Uncle Sam wants a piece of your loot. Someone who makes a valuable discovery — whether gold coins, meteorites or even cash — generally owes tax on that haul, which is known as “found” property. The tax is twofold:

Moyo Studio | E+ | Getty Images Social Security benefits provide retirement income for millions of Americans. Because the timing of your claim may impact the size of the benefits you receive, it’s a high-stakes decision. And the results may also affect your spouse or dependents. But sifting through Social Security’s claiming rules may make

After falling sharply last year, retirement account balances are bouncing back in 2023 — but there are still signs of trouble. Helped in part by improved market conditions, retirement account balances increased in the first half of the year. However, the share of participants that tapped hardship withdrawals rose, as well, according to recent reports

dowell | Moment | Getty Images If you’re sitting on profitable assets, there’s a lesser-known tax-gain harvesting strategy, which can help rebalance your portfolio or trim future taxes. While tax-loss harvesting can be popular during a stock market downturn, tax-gain harvesting — or strategically selling appreciated brokerage account assets — can also be beneficial, depending

After more than a year of recession predictions, some experts have backed off past forecasts and now embrace what’s known as a “soft landing” for the economy. Even so, one financial advisor is stressing the importance of preparing for future stock market volatility. A soft landing could include an economic slowdown and unemployment ticking higher

Djelics | E+ | Getty Images Income-hungry investors have long flocked to mortgage-backed real estate investment trusts — and why not? Many of them pay a handsome, double-digit dividend. But such vehicles haven’t done so well lately. That’s because when interest rates rise and yields balloon, their valuations tend to suffer, which is what happened