Wealth Management

Americans tend to overspend during the holiday season. In fact, some borrowers are still paying off debt from last year’s purchases. To that point, 28% of shoppers who used credit cards have not paid off the presents they bought for their loved ones last year, according to a holiday spending report by NerdWallet. The site polled more

10’000 Hours | Digitalvision | Getty Images A popular student loan forgiveness program may be at risk with the reelection of former President Donald Trump. During Trump’s first term, he called for the elimination of the Public Service Loan Forgiveness initiative. Since then, Project 2025, a set of proposals developed by The Heritage Foundation and

Jamie Grill | Tetra Images | Getty Images For investors who want income, dividends may provide an answer. Dividends are corporate profits that companies pay to shareholders in the form of either cash or stock. In comparison to other income-paying investments — such as certificates of deposit, bonds or Treasurys — dividends may provide the

  A version of this article first appeared in CNBC’s Money 101 newsletter with Sharon Epperson, an eight-week series to improve your financial wellness with monthly updates. Sign up to receive these editions, straight to your inbox.  Stocks soared in the days after President-elect Donald Trump won the 2024 election, and the Federal Reserve announced

Mixetto | E+ | Getty Images The share of Americans with credit-card debt in retirement has jumped considerably — a worrisome financial trend, especially for those with little wiggle room in their budgets, experts said. About 68% of retirees had outstanding credit-card debt in 2024, up “substantially” from 40% in 2022 and 43% in 2020,

Trump supporters take photographs near the U.S. Capitol building as the sun sets the day U.S. President Elect Donald Trump was declared the winner of the presidential election in Washington, U.S., November 6, 2024.  Leah Millis | Reuters Now that Donald Trump has been elected president, many individual investors are wondering what that means for

Parade attendees wave Puerto Rican flags on Fifth Avenue in Manhattan during the annual Puerto Rico Day Parade.  Luiz C. Ribeiro | New York Daily News | Tribune News Service | Getty Images Young adults in Puerto Rico are on shaky financial ground, a study finds. About 47% of respondents in the U.S. territory are

Bernd Vogel | Stone | Getty Images Brad Klontz was drawn to financial psychology after the tech bubble burst in the early 2000s. Klontz had tried his hand at stock trading after seeing a friend earn more than $100,000 in one year. But he felt immense shame after the market crashed and his investments evaporated.

Businessperson reviewing pie charts and data analysis documents in an office setting. Freshsplash | E+ | Getty Images The trend is clear: Investors continue to seek out lower fees for investment funds. The mass migration to cheaper funds has been a key driver of falling costs, according to Zachary Evens, a manager research analyst for

dowell | Moment | Getty Images Before the election, some advisors increased Roth individual retirement account conversions for clients amid the threat of higher taxes after 2025. Now, tax hikes are less likely under President-elect Donald Trump. However, demand for Roth conversions will continue as investors seek long-term tax planning strategies, experts said. “In general,