Westend61 | Getty Images By now, most student loan borrowers have accepted that, after a three-year break, their payments will restart in October. Some people, however, may actually have more time. CNBC spoke to several borrowers who say have statements from their servicer showing their first payment’s due date is in November or December. That’s
Most people with significant assets in IRAs and 401(k)s let Congress and the IRS determine their spending and distribution strategies. That’s a big mistake that can cost them and their families quite a bit of money. Most people don’t begin taking money out of their qualified retirement accounts until the required minimum distribution rules say
Intro In a surprising move, the IRS recently announced an immediate stop to new Employee Retention Credit (ERC) processing, citing suspicions of fraudulent activity. The ERC was established as part of the 2020 Coronavirus Aid, Relief and Economic Security (CARES) Act and was designed to provide financial support to employers during the pandemic. However, the
A couple building a high-end contemporary house close to the Potomac River near Washington, D.C., had distinct ideas about what it should be. One person favored a Moroccan courtyard-style design; the other wanted a sustainable and well-built home. It would be up to the architects to make it work—and they did, spectacularly. Sliding mesh screens
In this article ADS-DE Follow your favorite stocksCREATE FREE ACCOUNT Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023. Scott Olson | Getty Images Adidas CEO Bjorn Gulden defended Ye, the artist formerly known as Kanye West, and said the rapper didn’t mean it when he made a series of
Chinese electric vehicle maker Nio launches a smartphone at an event in Shanghai on Sept. 21, 2023. Evelyn Cheng | CNBC SHANGHAI — Chinese electric car brand Nio on Thursday released an Android smartphone, which the company expects at least half its users to buy, CEO William Li told CNBC in an exclusive interview ahead
The best hotel in the world is Passalacqua, an 18th century villa on the edge of Italy’s Lake Como. That’s according to the 50 Best organization, which announced the results of “The World’s 50 Best Hotels” in London on Tuesday. The villa hotel is the former home of composer Vincenzo Bellini and sits among
The Federal Reserve left its target federal funds rate unchanged Wednesday, but did not signal an end to its aggressive rate hike campaign. For households, that offers little relief from sky-high borrowing costs. Altogether, Fed officials have raised rates 11 times in a year and a half, pushing the key interest rate to a target range of 5.25%
Perhaps you are part of a family that includes siblings in conflict. Maybe there are some in your family who have been estranged for a long time. These issues may have existed unchanged for years until their aging parents’ situation reaches a crisis point. Rather quickly, siblings or others are forced to communicate about what
For weeks, the IRS has been teasing new compliance initiatives—including increased hiring—to focus on expanded enforcement work on complex partnerships, large corporations, and high-income and high-wealth individuals. Today, the IRS announced plans to establish a special pass-through organization to focus on large or complex pass-through entities. According to the IRS, the new group will be
In an era characterized by rapid technological advancements, evolving job markets, and shifting economic landscapes, certain cities in the United States have emerged as beacons of financial growth. Over the past half-decade, numerous regions have witnessed significant surges in average household incomes, painting an intriguing picture of economic dynamics across the nation. Here, we’re going
Covid-19 home test kits are pictured in a store window during the Covid-19 pandemic in the Manhattan borough of New York City, Jan. 19, 2022. Carlo Allegri | Reuters The Biden administration on Wednesday said it will resume offering free at-home Covid tests to American households Monday as the virus gains a stronger foothold nationwide.
The Federal Reserve held interest rates steady in a decision released Wednesday, while also indicating it still expects one more hike before the end of the year and fewer cuts than previously indicated next year. That final increase, if realized, would do it for this cycle, according to projections the central bank released at the
A sign marks the location of the University of Phoenix Chicago Campus in Schaumburg, Illinois. Getty Images The Biden administration announced on Wednesday that it would cancel nearly $37 million in student debt for more than 1,200 students who attended the University of Phoenix. The relief will go to many borrowers who applied for borrower
If you’re currently in your 60s or early 70s, there’s a good chance you’ll need to generate retirement income for 20 to 30 years. If you take care of your health and have above average income and educational attainment, you could easily live into your 90s or even reach age 100. As a result, it’s
Congress is in chaos with just 10 days remaining to avert a partial government shutdown. Over the weekend, negotiators for the center-right Mainstreet Caucus and far-right Freedom Caucus agreed on a bill that would continue government funding at reduced spending levels after the fiscal year ends on September 30th. But nearly a dozen Freedom Caucus
If you’re contemplating where to buy a house and settle in, you shouldn’t only take into consideration the city and state. Factors that are significant in their relation to homeowning, such as property taxes and school districts, operate on a smaller, more detailed level than the city-level. Therefore, shopping for homes in terms of ZIP
SpaceX headquarters in Los Angeles, California. AaronP/Bauer-Griffin | GC Images | Getty Images Elon Musk’s SpaceX sued the U.S. Department of Justice in a Texas federal court, as the company aims to stop the DOJ’s hiring discrimination case on constitutional grounds. The countersuit comes after the DOJ sued the company last month, alleging it discriminates
In this article GS AAPL Follow your favorite stocksCREATE FREE ACCOUNT As equities soared in 2020 and consumers flocked to trading apps like Robinhood, Apple and Goldman Sachs were working on an investing feature that would let consumers buy and sell stocks, according to three people familiar with the plans. The project was shelved last
Hannah Williams of Salary Transparent Street. Credit: Brandon Showers Photography For most people, asking others “What do you do for a living?” is just one part of everyday small talk. But for Hannah Williams, posing that question to strangers is, in fact, what she does for a living. As the content creator behind the account