The SECURE Act — which stands for Setting Every Community Up for Retirement Enhancement — went into effect on Jan. 1. The goal of the new law is to boost retirement savings, in part by giving small businesses new incentives to provide retirement plans for employees. And of course anything that’s done to get more people saving for retirement is […]
R ALEIGH, North Carolina — In North Carolina, House lawmakers are debating House Bill 924 which is a new legislation that would require high school students to take and pass a financial literacy course prior to earning their diploma. According to the bill’s language, at a “minimum,” the financial literacy course would require students learn […]
Finding someone to turn to for financial advice should be as easy as finding a doctor. But it turns out the credentials which financial professionals use to represent themselves are often not clear. And getting the wrong guidance can be costly. Misguided advice costs investors about $17 billion in wealth annually, according to a 2015 report from […]
The financial decisions you make in your 30s can have a big impact on your future. “Money is a tool. When we learn to use money wisely, we can live our lives the way we want,” Marguerita Cheng, a certified financial planner and CEO and co-founder of Blue Ocean Global Wealth, tells CNBC Make It. Here are […]
In the U.S., 99% of adults don’t use a financial advisor, according to a recent CNBC Invest in You survey, which polled 2,776 adults nationwide. A whopping 76% of respondents said they manage their money themselves, followed by 15% who said their spouse or partner handles their finances and 4% who said their parents take care of […]
Retirement savers are cautioned not to change investment strategies during market volatility, but it can be tempting when the value of your investments is falling before your eyes and you rely on that money. Often times, retirees shouldn’t change their strategies too much when the market first starts acting up. If you’ve got a thoughtful […]
Bob Dylan first sang, “Times they are a-changing” way back in the ’60s. Who knew the song could become a retirement anthem for anyone born in that same decade? We are in a new era of retirement planning in the U.S. Many older Americans haven’t saved enough in their working years for financial security in […]
Managing your personal finances is challenging, especially if you’re doing so for a small business or your family in addition to yourself. Maybe you have a system of notebooks that works for you or dozens of Excel sheets that you update manually every few weeks. Maybe it’s time to get a little help. Fortunately, MoneyWiz […]
We’re in a state of low savings. Depending on what state you choose to retire in, you could need anywhere from $666,000 to upward of $2 million saved. And that’s outside of what you get from your Social Security checks. Those figures are according to an analysis released Thursday by personal finance site GoBankingRates, which estimated […]
Investing in a 401(k) is one of the main ways many U.S. workers build up savings for retirement. Its tax-advantaged status and automated contributions make it a particularly valuable financial instrument, and those who are able to start investing early are more likely to end up a millionaire. Yet while opting into your company’s 401(k) plan is a relatively easy […]
SYDNEY — It’s one thing to start a company. It’s quite another to start one that competes with tech titans like Microsoft and Adobe. But that’s exactly what Australian entrepreneur Melanie Perkins did when she built a design product to rival the tech giants. “Our goal was to take the entire design ecosystem, integrate it […]
The first days of the new year are sort of like a rehearsal period for the rest of 2020. But it’s time to face reality and approach the new decade headstrong. The first order of business? Taking stock of your finances. Maybe you allowed yourself to become a touch irresponsible with your credit card usage […]
