Americans for Tax Reform’s Grover Norquist told CNBC on Monday that Sen. Bernie Sanders’ plan to eliminate outstanding student loan debt in the country ignores the real problem of going to college. The Vermont independent’s legislation seeks to cancel $1.6 trillion in existing loans by taxing stock and bond transactions. Norquist took a jab at
Wealth Management
As tensions with other countries climb, American investors are sticking close to home. While 66% of Americans said they think foreign equities could diversify their portfolios, just 48% of investors hold 1% to 25% allocations to these stocks in their portfolios. And alomst half — 48% — said political tensions between the U.S. and other
With record levels of student loan debt, it’s no wonder recent graduates don’t save for retirement. Studies show that college grads with student loans only save about half as much as those without loans by the time they’re 30. Some employers recognize how difficult the debt burden can be — and are trying to help.
Artist Jeff Koons with his 1986 sculpture “Rabbit,” which sold at auction this year for a record-setting $91.1 million. Steve Parsons – PA Images | PA Images | Getty Images Interest in collectibles is hitting new heights. “Rabbit,” a 1986 stainless steel sculpture by the artist Jeff Koons, sold to Robert E. Mnuchin, father of
ABRA BELKE WAS IN LAW SCHOOL when she came across the Givling app, which calls itself “the world’s most incredible trivia game.” It promised winners payments toward their student debt. Belke was interested. Her student loan balance was more than $100,000 and she had previously won $62,000 on the syndicated game show, “Who Wants To
Goodbye study sessions, dorm food and lecture halls. Real life awaits. For Jessica Granofsky, 23, however, that means moving back home. Granofsky graduated from college last year and now works full time as a communications coordinator in the Toronto office of a San Francisco-based start-up. Although she says she earns a good salary and even
You’re ready to make bank. Maybe your goal is financial independence, an early retirement, more travel cash or more time to devote to a passion project. And you’ve chosen a side business as the fastest way to get there. But that little matter of your full-time job seems like a huge roadblock standing between you
Saving for retirement. Everyone knows they need to do it, but it can be hard to put away all that money when you could be spending it now. You are in a race against time and the later you start, the harder it will be to catch up. To that end, Fidelity has put together
When a bill to improve Americans’ retirement security sailed through the House of Representatives last month, it looked like the country was on the brink of the first major retirement reform since 2006. Then the bill went to the Senate. Weeks later, it still has not come up for a vote. Known as the Secure
mapodile | E+ | Getty Images Gig economy workers could get short changed when it comes to their Social Security checks in retirement. The growing ranks of people who earn money on apps like Uber, Airbnb and Task Rabbit are more likely than traditional employees to misreport their income. That could mean a smaller Social