There are still a few months before tax season begins, but for retirees on a fixed income, any hint of a higher tax bill requires careful pre-planning. For the most part, typical American retirees generally have modest incomes and are therefore in relatively low tax brackets. But one thing that many people don’t realize is […]
When you’re in your 20s, retirement can seem impossibly far away. Investing for something that’s some 40 years in the future may feel a bit like taking scarce resources that you need right now and locking them away for a time that might never come. And even it if will, there’s no need to start […]
First off, remember to breathe. A rocky few months for the stock market has created a lot of worry among investors, and it’s not over yet. The Dow Jones Industrial Average DJIA, +1.15% experienced renewed volatility Thursday after falling more than 800 points on Wednesday, the worst one-day fall since February, and 545 points on […]
Certificates of deposit might be thought of simply as a safe haven for cash. But they can pack a punch in the right circumstances. Since 1967, certificates of deposit (CDs) have outperformed the stock market about 30% of the time on the basis of a 1-year return period, said Brian Karimzad, co-founder and senior vice […]
The massive tax overhaul implemented earlier this year was designed to accomplish a number of key goals, one of which was to put more money back in Americans’ pockets. And while an almost universal lowering of tax brackets might indeed help workers retain more of their earnings, the thought was also that companies would take […]
Most employees have the goal to work their way up at their respective companies. And while that can certainly take time, the idea is to generally be progressing in an upward fashion. Getting demoted, therefore, is usually considered a major career setback and one we’re mostly advised to avoid. But in some situations, getting demoted […]
Retiring comfortably in yours 60s or 70s can seem a high-wire act, so how are some people pulling it off without a wrinkle in their face? The FIRE (financial independence, retire early) movement is growing, with more and more people parting from their careers in their 30s and 40s. CNBC spoke to some of these […]
Homeowners on the West Coast typically won’t have much trouble off-loading their properties in today’s market. Unless, apparently, they’re Warren Buffett. The iconic investor and Berkshire Hathaway BRK.A, +0.65% chairman struggled for more than 1.5 years to sell his home in the gated community Emerald Bay, near Laguna Beach, Calif. But he finally did so, […]
Homeowners picking up the pieces from Hurricane Michael will quickly learn an important lesson: not all hurricane-related damage is covered by home insurance. Before making landfall Wednesday, Michael rapidly intensified to an extremely strong storm packing 155 mile-per-hour winds, just shy of Category 5 status. The storm ranked as the third-most intense hurricane to hit […]
It’s challenging to paint a picture of your overall financial health, because there are so many factors involved. How much do you have saved for retirement? How much debt are you carrying? Do you have an emergency fund? The one figure many people point to, though, is your net worth — that is, what you […]
FILING TAXES CAN FEEL daunting, regardless of your income bracket, filing status or familiarity with current rules and regulations. Fortunately, getting important documents prepped and learning basic concepts, including how taxes are assessed and collected, can help make the process easier to navigate. After all, even if taxes aren’t your favorite subject, failing to understand […]
Maybe you’re dissatisfied with your salary at your current job. Or maybe you’re tired of doing the same series of tasks day in, day out. Either way, there often comes a point when you’re ready to leave your present role and move on to another one. And while that’s something you might choose to discuss […]
