Advisors

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

Damir Khabirov After years of low returns, money market mutual funds have recently become more attractive, thanks to a series of interest rate hikes from the Federal Reserve. But some investors worry about increased risk as the debt ceiling debate intensifies. Money market funds — which are different than money market deposit accounts — typically

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.

In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Fotostorm | E+ | Getty Images Fears of a possible recession and high inflation may be weighing most heavily on single women, according to a financial advisor who works with the demographic. “In times of inflation, the cost of everything goes up, including rent, utility

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,

Series I bonds will offer a 4.3% interest rate through October, according to new rates issued by the U.S. Department of the Treasury on Friday. The new rate marks a decline from the 6.89% annual returns Series I bonds were offering for the six months ending in April. That record rate prompted higher demand for

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

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

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 personal finance course before graduation, according to Next Gen Personal

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

Sergey Mironov | Moment | Getty Images If you had a surprise tax bill this season or your refund was smaller than expected, it may be a good time to review your paycheck withholdings. The IRS collects taxes throughout the year, typically through paycheck withholdings for W-2 employees or quarterly estimated tax payments for self-employed

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

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

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

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

Many people may have heard about the various so-called attachment styles psychologists and sociologists say we display in our closest relationships, such as “anxious attachment” or “avoidant attachment.” It turns out we also tend to follow certain patterns when it comes to our relationship with money, said Brad Klontz, a Boulder, Colorado-based psychologist and certified