Fees For getting tax refunds quickly aren’t often clearly disclosed, the Government Accountability Office warns Photo credit: Getty Getty Fees to get tax refunds quick are murky, the Government Accountability Office, the watchdog of Congress, charged in a report today. The leveThe level of transparency on tax refund product fees varies and product fees and
Sometimes life will throw big expenses your way. When that happens, tapping into the equity in your home can be a smart way to get the funds you need. In particular, doing a cash-out refinance is one way you can take advantage of your home’s equity, all at a fraction of the interest rate of a
Disney wouldn’t have spent $73 billion on 21st Century Fox assets including National Geographic, “The Simpsons” and its movie studio if it didn’t have plans to launch its own streaming service, according to the company’s top executive. Disney Chairman and CEO Bob Iger told CNBC on Thursday that his conversations with Fox’s Rupert Murdoch were
Wells Fargo reported better-than-expected quarterly results on Friday, sending the stock higher in the premarket. Here’s how the company’s results compared to Wall Street’s expectations: Earnings: $1.20 per share vs $1.09 per share expected by Refinitiv Revenue: $21.609 billion vs $21.012 billion forecast Shares of Wells Fargo traded 2.1% higher on the news. The company’s
Chevron’s $33 billion acquisition of Anadarko sparked speculation the oil patch will see a new wave of consolidation as major players look to build scale and lower costs in the shale sector. Stocks of prospective targets surged after the deal was announced Friday. Apache stock jumped nearly 6% in premarket trading, Chesapeake stock rose more
Jean Chatzky believes that anyone, no matter what they earn, can live a happy, comfortable life by following a few simple money rules. Yet there is one rule she says tops them all: “If you can’t see it and you can’t touch it, you won’t spend it. This is why 401(k)s work, but it’s also
People were recently asked in the CNBC and Acorns Invest In You Savings Survey how they would spend an unexpected $5,000 bonus. Good intentions abound: More than a third of respondents said they’d pay off debt. Many others claimed they’d save for short-term expenses (22%) or invest for long-term goals (15%). A measly 2% said
SpaceX Falcon 9 rocket (JIM WATSON)AFP/Getty Images Diversified index funds? Yesterday’s story. Sector funds? Fidelity has had those since 1981. The new, new thing is theme funds. You can get an exchange-traded fund with “millennial” stocks, one that buys shares of employers that are good to military veterans, one that invests in social media, another
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses some potential effects of remarriage and divorce on benefit eligibility, benefits received after the recipient has died, what happens when benefits are lost to the earnings test, withdrawing or
As investors, when we hear about self-made millionaires making it all on their own, it’s important to understand the extent of the term “self-made.” Building wealth on a million or billion-dollar scale is typically not something any one person can accomplish by themselves. Independence is always ideal, however, while building a real estate portfolio worth
A interview with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview, Howard discusses how to invest in a low return world and the relationship between risk and return. Howard also talks about when to invest aggressively and defensively. ???? Books by Howard Marks and his favourite books are located
Disney Chairman and CEO Bob Iger explained to CNBC’s David Faber that he believes customers will flock to the company’s new streaming service, Disney+, thanks to a unique combination of factors. “I’m pretty optimistic about the ability for this thing to work. Particularly when you make it accessible because of the content we’re putting on,
The U.S. Federal Reserve has switched from a stance that was “too hawkish” at the end of last year to “too dovish” presently, according to Mohamed El-Erian, Allianz’s chief economic advisor. While such a drastic swing is not expected to hit the U.S. economy in a big way, it has contributed to greater volatility in
It’s tax time in America — and not just for accountants. The April 15 deadline for federal tax returns is fast approaching. At the same time, taxing the wealthy is becoming a big political issue in the leadup to the 2020 presidential election. Rep. Alexandria Ocasio-Cortez, D-N.Y., proposed a 70 percent marginal tax rate on
CNBC’s Jim Cramer on Thursday said it’s time for “wholesale change” in Bed Bath & Beyond‘s management. “The company still has a good balance sheet, $1 billion in cash, so I think it can be saved,” the “Mad Money” host said. “But I gotta tell you something: not with this management team.” The home goods
Say what you will about presidential hopeful Sen. Elizabeth Warren, D-Mass., but it looks like she’s getting some good tax advice. Warren released her 2018 tax return Wednesday. She filed jointly with her husband Bruce H. Mann, a professor at Harvard Law School. The two reported total income of $905,742 and paid total taxes of
There must come a time each year when the topic turns to taxes. Among other things, this event presents many parents (and even grandparents) of young children with an important decision: save in a Roth IRA or 529 plan? Which offers a better way to save for college? Which offers greater flexibility in an uncertain
Getty It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can claim house office expenses or whether to deduct a capital loss under the new law, you won’t want to miss a single letter. Y is for yegg. A little
A freestanding fireplace in a New York City apartment. Photo courtesy of HearthCabinet Fireplace, Designer: Marie Aiello Design Studio, LLC Architect: TODO Design & Architecture How to have a beautiful warm fire place in your home with no flue and no vent? Still a relatively new concept, ethanol and isopropyl alcohol gel ventless fireplaces have grown
An interview and Q&A with billionaire real estate and private equity investor, Sam Zell. In this interview Sam discusses his investment criteria and how he thinks about and manages risk in investments. Sam also gives career advice and discusses his belief that anything is possible. ???? Sam Zell’s new book and books on Sam Zell