Advisors

Customers outside a Silicon Valley Bank branch in Beverly Hills, California, on March 13, 2023. Lauren Justice | Bloomberg | Getty Images Most millionaires — 63% — support Congress raising FDIC coverage limits following the recent failures of Silicon Valley Bank and Signature Bank earlier this year, a new CNBC survey finds. The survey found

Investing in the market is what allows many people to achieve their biggest goals, like purchasing a house, sending their child to college and being able to retire. Yet some people put their money into stocks before they’re ready, warns certified financial planner Douglas Boneparth. To achieve the benefits of long-term investing, Boneparth said, you

Yellow Dog Productions | Getty Images With less than a week before the U.S. government faces a possible debt default, many are bracing for the economic fallout — and advisors have tips for nervous investors. Negotiations to raise the debt ceiling intensified between the White House and congressional Republicans on Thursday after a stark warning from

Articles about emergency funds may have put you to sleep as recently as a year ago. You would have been lucky to find a high-yield savings account paying out 1%-2% at that time.  However, with interest rates soaring, cash investments can post sizable returns, driving some of the highest interest payouts in decades. This is

In this article EOCW Follow your favorite stocksCREATE FREE ACCOUNT When it comes to managing money, women face unique challenges. Women tend to live longer than men, which means they need their money to last for a longer period of time, according to Kamila Elliott, a certified financial planner and co-founder and CEO of Collective

In this article EOCW Follow your favorite stocksCREATE FREE ACCOUNT Even as inflation shows signs of cooling, some investors may be fearing the worst about a potential looming economic downturn. A recent survey from Nationwide finds more than two-thirds of respondents — 68% — expect a recession within the next six months. Meanwhile, 62% of

Skodonnell | E+ | Getty Images I’m a financial advisor. So, I know a thing or two about saving and investing. But I’m also a dad with a college-aged son, and I am starting to see that, now more than ever, I need financial knowledge to help in that role. Saving for college has gotten

Carla Gottgens | Bloomberg | Getty Images Americans are upbeat on gold and have soured on stocks — perhaps to their detriment. Twenty-six percent of Americans ranked gold as the best long-term investment in 2023, almost double the 15% who thought so in 2022, according to a recent Gallup poll. The share surpassed that of

Enes Evren Many investors are bracing for the economic fallout of the deadline for the U.S. to raise the debt ceiling or default on its obligations. Treasury Secretary Janet Yellen on Sunday said that failing to raise the debt ceiling will cause a “steep economic downturn” in the U.S., reiterating the country’s early June deadline.

Hero Images | Hero Images | Getty Images Whether you’re building an emergency fund or short-term savings, finding the best place for your cash isn’t easy — especially as the Federal Reserve weighs a pause in interest rate hikes. The central bank on Wednesday unveiled another quarter percentage point interest rate increase, with signals that

Fotostorm | E+ | Getty Images Fears of an upcoming recession and high inflation may be weighing most heavily on single women, according to a financial advisor who works with that demographic. “In times of inflation, the cost of everything goes up, including rent, utility bills, groceries and health care,” said certified financial planner Cathy

Holger Scheibe | The Image Bank | Getty Images A recession may be in the forecast for the U.S. economy, but the big question is when. The Federal Reserve has said the banking crisis may prompt a mild recession later this year. On Wednesday, the central bank raised interest rates by 0.25 percentage point, while

Cecilie Arcurs | Getty Images After another rate hike from the Federal Reserve, advisors are watching closely for signs of future moves by the U.S. central bank that may spark changes for bond portfolios. In its continued battle with inflation, the central bank on Wednesday announced another quarter percentage point interest rate increase. Meanwhile, the

Jose Luis Pelaez | Iconica | Getty Images Saving for retirement often comes with an upfront tax break when funneling money into pretax accounts. But it’s also critical to manage taxes on future withdrawals, experts say. If you don’t need the money, you may delay taking funds from retirement plans until your mandatory yearly withdrawals,

Nitat Termmee | Moment | Getty Images The following is an excerpt from “This week, your wallet,” a weekly audio show on Twitter produced by CNBC’s Personal Finance team. Listen to the latest episode here. Being a “master of cash flow” is a key element of household finance — and also one of the most

Francesco Carta Fotografo | Moment | Getty Images When it comes to cryptocurrency like bitcoin, new investors are often motivated by friends to take the plunge, according to a new study. But that might hold traps for the unwary, experts warn. “I don’t imagine friends are talking about when they lost money,” said Lee Baker,

Money remains a taboo subject for many people — especially when it comes to discussing finances with the important people in their lives.  Almost two-thirds of couples believe they’re “financially incompatible,” meaning their spending, investing and saving habits aren’t aligned, according to a recent survey. This disparity can lead to uncomfortable situations like not wanting

In this article PRU Follow your favorite stocksCREATE FREE ACCOUNT Learning about money is the foundation of financial literacy and the key to achieving financial security. Yet financial education isn’t part of the curriculum in most U.S. schools.   Only eight states have fully implemented a requirement for all high school students to take one semester-long

Republican Sen. Bill Cassidy of Louisiana speaks to the press on Capitol Hill on Feb. 10, 2021. Nicholas Kamm | AFP | Getty Images Social Security’s trust funds have a new projected depletion date that is about a decade away. Sen. Bill Cassidy, R-La., revealed during a Tuesday webcast hosted by the Bipartisan Policy Center

At Winooski High School in Winooski, Vermont, students in Courtney Poquette’s personal finance class are learning about money management, including figuring out how they can afford items they may want to have in their first apartment.  “You’re going to have to buy all of the things that you want,” she explains to her students. “And

Prostock-Studio | Istock | Getty Images If you’re eager to funnel as much as possible into your 401(k), some plans have a special feature to save beyond the yearly deferral limit. The 2023 deferral limit for 401(k) plans is $22,500, plus an extra $7,500 if you’re age 50 or older. But an under-the-radar option, known

Sdi Productions | E+ | Getty Images It’s been a grueling period for investors amid rising interest rates and lingering recession fears.  But despite market volatility, it’s still important to think holistically about your finances, including your estate plan, according to New York-based certified financial planner Lazetta Rainey Braxton, co-founder and co-CEO of 2050 Wealth

Danny Werfel, commissioner of the Internal Revenue Service (IRS), speaks during a Senate Finance Committee hearing in Washington, DC, on Wednesday, April 19, 2023. Al Drago | Bloomberg | Getty Images As tax season winds down, questions remain about the future of free filing options from the IRS — including a possible direct e-file option

Some of the nation’s money management giants are tackling the growing concern that more Americans may begin to outlive their retirement savings. Starting in the fall, Fidelity will let plan participants convert some of their retirement savings into an immediate income annuity to provide pension-like payments throughout retirement. Fidelity Investments is the nation’s largest provider of

Fertnig | E+ | Getty Images Negative headlines about Social Security’s future may be affecting how prepared people feel when it comes to their own retirement. Almost three-quarters, 74%, of people say they cannot count on Social Security benefits when it comes to the money they will have in retirement, according to a new survey

In this article ANET Follow your favorite stocksCREATE FREE ACCOUNT Sompong_tom | Istock | Getty Images The rise of ChatGPT has sparked another national conversation about artificial intelligence. Depending on your viewpoint, the bot is either the key to making a host of companies and their workers more efficient, or it’s a slippery slope toward

Catherine Mcqueen | Moment | Getty Images Inflation is gradually falling but remains high, meaning consumers’ budgets continue to be stressed by fast-rising prices. For some, that might mean making tough financial tradeoffs — an exercise that starts by coming to terms with the situation and making an honest assessment of your needs, said Lazetta

When you’re living paycheck to paycheck, it can be tough to find money to save. That was the situation one audience member, Natalie, wrote in about ahead of CNBC’s Women & Wealth event on Tuesday. While grappling with high childcare and housing costs, Natalie is barely breaking even, she wrote, which makes finding money to

Mistakes happen, especially when it comes to money. Even our most trusted sources for financial information and advice have their own regrets. Here, CNBC Financial Advisor Council members share their greatest money mishaps, and what they do differently now. In every case, their younger selves made tradeoffs that sacrificed their long-term financial well-being. Maybe if

Jetcityimage | Istock | Getty Images There’s been record-breaking demand over the past year for Series I bonds, an inflation-protected and nearly risk-free asset. But rates have been falling and the yield will decline again in May, experts say. Newly purchased I bonds currently offer 6.89% annual returns through April, and the yearly rate may