If you’re divorced, you don’t need to be told that your financial life has changed. However, one key indicator — how willing you are to talk to family about money — shows just how much your finances and relationships can be upended. Results from the CNBC Invest in You and Acorns Savings Survey show that
Personal finance
College-sponsored bank accounts ding students with millions of dollars in fees each year, according to a report by the Consumer Financial Protection Bureau. The Education Department under President Donald Trump never published the analysis but advocacy groups recently obtained it through a Freedom of Information Act request. The bureau reviewed 573 colleges across the country
Unhappy with your 2018 tax return? Now’s the time to correct course to avoid the same outcome next year. This spring marks the first time that taxpayers are filing under the Tax Cuts and Jobs Act, an overhaul of the tax code that went into effect in 2018. The new tax law roughly doubled the
In 2014, I landed at New York City’s JFK airport, three overstuffed suitcases in tow, incredibly excited about my new job in a new city. I’d spent more than a decade working as a journalist in Ireland, where I grew up, and the U.K., and now I was going to be running social media for
I can still recall the day. It was late 2010 and almost two years since the market began its 51 percent free fall. I had just finished watching the Academy Award-winning documentary, “Inside Job,” and felt a visceral anger for the recklessness of a relative few individuals and institutions in the financial community. Having grown
A new proposal that would subject wealthy investors to taxes on the appreciation of their holdings — even if they don’t sell — could come with a host of complexities. Sen. Ron Wyden, D-Oregon, announced on Tuesday that he is working on a mark-to-market system that would tax unrealized capital gains on assets owned by
When the credit card company says no, the “bank of family” just might say yes. Given a choice between maxing out a limit on a credit card or taking a loan from a family member, lower-income households and people of color are more likely to turn to relatives, according to the CNBC Invest in You
To save, or not to save. That question might not be yours. A growing number of companies direct money from their employees paychecks to a retirement account — even after a worker has said “no, thanks.” Auto-enrollment into retirement plans, of course, is not new. The practice has taken off in the workplace since President
Women earn just about 80 cents for every dollar that men make, and that difference can add up big over time. A women who starts her career today will miss out on $406,760 in earnings over 40 years, according to new estimates from the National Women’s Law Center. With more public attention to this issue
Despite the hefty price tag, there’s a piece of good news about retirees’ health-care costs: They aren’t rising as quickly as they were even a few years ago. A healthy male-female couple retiring at age 65 in 2019 can expect to spend $285,000 on health-care expenses in retirement, according to Fidelity Investments’ annual analysis, released
Economic and demographic shifts are making life insurance and annuities more attractive options for fixed income, financial advisors say. “In a typical 60/40 portfolio, because bond returns are at a 50-year low, I’m seeing people moving funds from bonds to either life insurance or income annuities as a substitute,” said Tom Hegna, an insurance industry
Your friends may be hearing wedding bells, while you may be more worried about something else: sky high bills to attend. Spring officially kicks off the start of wedding season. And for some that can cause financial pain — even if you are not the one walking down the aisle. A new survey from personal
Good news America: You’re feeling way more optimistic about saving for retirement. But you still worry about it — a lot in fact. More than half of adults are either somewhat more confident (30 percent) or much more confident (27 percent) about their ability to save for retirement than they were three years ago, according