To be sure, 529 college savings plans already had a lot going for them. Now, thanks to ”Secure 2.0,” a slew of measures affecting retirement savers, they’re about to be even more attractive. Starting in 2024, savers can roll unused money from 529 plans over to Roth individual retirement accounts free of income tax or tax penalties. Among other limitations,
Peopleimages | Istock | Getty Images Unable to come up with the cash for steep college tuition bills all at once, many families opt to pay the tab over time. However, a new report by the Consumer Financial Protection Bureau warns of a number of risks associated with these payment plans, including snowballing charges and
Yesterday I attended a fascinating real estate investors’ conference for hedge funds, lenders and owners. The talk of the conference was the almost complete inability of landlords (other than owners of tier 1 properties), to get any financing at all, except at exorbitant rates around 15% which is more than double the current financing that
In this article STLA GM F Follow your favorite stocksCREATE FREE ACCOUNT DETROIT — The United Auto Workers strike is bringing a blue-collar versus billionaire battle to the Motor City, just as UAW President Shawn Fain wanted. The outspoken union leader has weaponized striking — historically a last resort for the union — after less
GM workers with the UAW Local 2250 union strike outside the General Motors Wentzville Assembly Plant in Wentzville, Missouri, Sept. 15, 2023. Michael B. Thomas | Getty Images Check out the companies making headlines in midday trading. General Motors, Ford, Stellantis — Shares of Ford was near flat, while General Motors gained 0.9% and Stellantis
US President Donald Trump (R) gestures as he talks with US Ambassador to the United Kingdom Woody Johnson (L) preparing to board Marine One to depart the US ambassador’s residence Winfield House in London on July 13, 2018. Brendan Smialowski | AFP | Getty Images Billionaire and New York Jets owner Woody Johnson is part
Prapass Pulsub | Moment | Getty Images As year-end approaches, some investors may be weighing a Roth individual retirement account conversion to save on future taxes. But there are several things to consider first, experts say. The strategy transfers your pretax or non-deductible IRA funds to a Roth IRA, which kick-starts future tax-free growth. But
Shoppers at a Chicago grocery store, Aug. 9, 2023. Scott Olson | Getty Images Inflation has continued to take a bite out of Americans’ wallets in 2023. But onetime predictions that a recession is on the horizon are instead now turning into forecasts of a soft landing for the U.S. economy. For top financial advisors
Forbes screened more than 800 locales in the U.S. for everything from climate change risk to crime to availability of doctors. We then compared those that made the cut for what they offered in leisure pursuits—from the arts, fine dining and learning to hiking, skiing, watersports and golf. Here are the top 25. by William
As companies continue to struggle with managing remote work for their employees, many workers want at least some flexibility. But although working from home has become a semi-permanent feature of the economy, not everyone can get it. Can you? The biggest factor determining remote work is the industry you’re in; it’s highest in sectors with
Given the size of their enormous cohort, Millennials wield incredible clout to change society. Since maturing into young adults, they’ve been fingered as culprits behind the demise of a great many societal habits and norms, from the donning of business suits and the shopping of department stores to the use of banks and golf clubs.
In this article CMG YUM QSR-CA MCD Follow your favorite stocksCREATE FREE ACCOUNT Flags are flown at a car caravan and rally of fast food workers and supporters for passage of AB 257, a fast-food worker health and safety bill, on April 16, 2021 in the Boyle Heights neighborhood of Los Angeles, California. Mario Tama
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Co-founders Eddie Kim, Josh Reeves, and Tomer London of fintech startup Gusto, which handles payroll services for small businesses. Courtesy: Kelly Boynton | Gusto JPMorgan Chase is stepping up its appeal to small business customers by planning to offer digital payroll processing, CNBC has learned.
Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Milken Institute Conference Bloomberg | Bloomberg | Getty Images As concerns mount over rising interest rates and inflation levels, billionaire investor Ray Dalio says he prefers to hold cash for now, not bonds. “I don’t want to own debt, you know, bonds and
Halfpoint Images | Moment | Getty Images Many women already feel they are behind when it comes to being financially prepared for retirement. There’s another risk they have to watch for: disruptive curveballs life throws at them that may put them off track, according to recent research from financial services firm Edward Jones and aging
Blackcat | E+ | Getty Images “I’m not a math person.” “I’m not a numbers person.” “I’m bad with money.” Sound familiar? No, we’re not recording you at home. As a wealth advisor, I hear statements like this all the time from women, regardless of their age. In fact, one of the most common —
Share to Facebook Share to Twitter Share to Linkedin S till in their mid-50s, Gloria and Kevin Murray of Morgan Hill, California, at the Silicon Valley’s southern tip, are planning well ahead to enjoy their future empty nester status, and ultimately, their retirement years. They recently bought a house 500 miles to the north in
Gasoline in Georgia just got a little cheaper. Governor Brian P. Kemp (R) declared a State of Emergency in the Peach State, citing inflation and unfavorable economic conditions. The declaration allows him to temporarily suspend the state’s excise tax on motor and locomotive fuel. The executive order went into effect on Sept. 13, 2023, at
In this article STLAM-IT F GM Follow your favorite stocksCREATE FREE ACCOUNT Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Michael Wayland / CNBC DETROIT – Thousands of members of the United Auto Workers went on strike at three U.S. assembly
Chinese laborers working at a construction site at sunset in Chongqing, China on March 6, 2005. China Photos | Getty Images BEIJING — China’s retail sales and industrial production picked up pace in August with better-than-expected growth, according to National Bureau of Statistics data released Friday. Retail sales grew by 4.6% in August from a