If the market’s wild ride has you confused about your next investment move, you aren’t alone. You may be wondering, “Do I really do nothing with my stocks or 401(k), like many advisors suggest? ” or “when is the right time to buy or sell?” No one likes to lose money, but panicking isn’t the
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Legislators on Capitol Hill are looking to change a Social Security rule that some say leaves public workers, including teachers, firefighters and police officers, in the lurch when it comes to their retirement income. Rep. Kevin Brady, R-Texas, has put forward a new version of a bill he has advocated for in the past. Its
Picture Alliance | Getty Images As the trade war between the world’s largest economies rages on, your savings are likely taking a hit. The Dow Jones Industrial Average plunged more than 500 points by midday Monday, while the S&P 500 dropped 2%. Amid troubles in the market, the most common advice is to do nothing.
There’s one market correlation you can count on: When the markets plummet, calls to 401(k) plan providers go up. If you’re like a lot of people, you’re also reaching for the phone — or just looking for reassurance that your nest egg will still be OK. Moyo Studio | E+ | Getty Images Monday’s eye-popping
Lofilolo | Getty Images Most people would blanch at the idea of voluntarily overpaying the Internal Revenue Service more than half a million dollars. A retired accountant chose to write those huge checks to the taxman in a bid to hide money from his soon-to-be ex-wife, according to Peggy L. Tracy, a certified financial planner
When 27-year-old Ramon Gonzales was looking for a new job eight months ago, having access to a retirement plan was high on his list of priorities. Now Gonzales, the floor supervisor for the production team at Red Bay Coffee, has that ability to save. That’s thanks to CalSavers, California’s automatic individual retirement account plan, which
What makes it so easy to spend money unthinkingly? Everything financial — from internet stores to credit cards to instant payments — is set up to make things as painless as possible, says Brent Weiss, a certified financial planner and co-founder at Facet Wealth in Baltimore. And spending is hardly exempt. “Marketers know this,” Weiss
Teen YouTuber Annie LeBlanc Jessica Spohr Annie LeBlanc got her first job at 6 years old. For eight years, she’s posted YouTube videos featuring gymnastics, original songs and various tutorials, amassing subscribers and building a loyal following of almost 3.7 million fans, LeBlanc told CNBC. She’s part of a generation of kids who want to
Mihtiander | Getty Images Managing finances is important, but it’s not how a lot people are using their time. One in 5 American adults spend more time planning their vacations than managing their finances, according to an online survey of about 1,000 people from MyBankTracker.com. There could be several reasons why people dedicate more time
Student debt likely will be a key issue in the 2020 presidential race. A good portion of the major contenders for a presidential nomination, including Sen. Bernie Sanders, I-Vt.; Sen. Kamala Harris, D-Calif.; former Vice President Joe Biden and Sen. Elizabeth Warren, D-Mass., have supported free college and student debt relief plans. For example, Sanders’