Advisors

Cravetiger | Moment | Getty Images The 60/40 portfolio — a cornerstone strategy for the average investor — has been stressed by the pandemic-era economy and market dynamics. However, “the 60/40 portfolio certainly isn’t dead,” Holly Newman Kroft, managing director and senior wealth advisor at asset manager Neuberger Berman, said Thursday at the semiannual CNBC

Jose Luis Pelaez Inc | Digitalvision | Getty Images There are a lot of opportunities to minimize your tax burden when it comes to retirement planning. Of course, making the most of tax-advantaged accounts is a key aspect of any retirement strategy. Some employer-sponsored plans such as 401(k)s allow you to make contributions on either

Hannah Williams poses for her Salary Transparent Street on TikTok Credit: Hannah Williams of Salary Transparent Street For most people, asking others “What do you do for a living?” is just one part of everyday small talk. But for Hannah Williams, posing that question to strangers is, in fact, what she does for a living.

Unexpected medical bills can cost as much as $1,000 or more. Sometimes, these expenses are unavoidable. Still, you can take steps or ask questions of medical providers or your insurance company to avoid overpaying or getting saddled with charges you can’t afford to pay. According to the Consumer Financial Protection Bureau, about $88 billion of

Moyo Studio | E+ | Getty Images It used to be when you talked about marriage and the “golden years,” the picture was a traditional one. Get married, work hard, buy a house, have children and retire surrounded by family and some grandchildren. Divorce was a hush-hush topic and a rare occurrence. However, as the

Marco Vdm | E+ | Getty Images The wage gap costs women in the U.S. about $1.6 trillion a year, a new report finds. Women earned 78 cents for every dollar that men made in 2022, according to National Partnership for Women and Families. Researchers calculated the total cost to women of the wage gap

Halfpoint Images | Moment | Getty Images Many women already feel they are behind when it comes to being financially prepared for retirement. There’s another risk they have to watch for: disruptive curveballs life throws at them that may put them off track, according to recent research from financial services firm Edward Jones and aging

Shoppers at a Chicago grocery store, Aug. 9, 2023. Scott Olson | Getty Images Inflation has continued to take a bite out of Americans’ wallets in 2023. But onetime predictions that a recession is on the horizon are instead now turning into forecasts of a soft landing for the U.S. economy. For top financial advisors

To be sure, 529 college savings plans already had a lot going for them. Now, thanks to ”Secure 2.0,” a slew of measures affecting retirement savers, they’re about to be even more attractive. Starting in 2024, savers can roll unused money from 529 plans over to Roth individual retirement accounts free of income tax or tax penalties. Among other limitations,

D3sign | Moment | Getty Images Women spend more time than men providing unpaid care for children, older adults and other family members — time than can have a significant effect on their finances. Women spend an average 51.6 minutes a day caring for household children, other household members and nonhousehold members, according to a

Westend61 | Westend61 | Getty Images Thanks to a law passed four years ago, borrowers with outstanding federal student debt are able to tap into any remaining 529 college savings plan funds they have to pay down up to $10,000 of what they owe. That may now be a particularly appealing option, given that federal

Tipping 20% at a sit-down restaurant is still the standard in the U.S., according to most etiquette experts. Diners disagree. After holding steady for years, tipping at full-service restaurants fell to 19.4% in the second quarter of 2023, according to online restaurant platform Toast‘s most recent restaurant trends report, notching the lowest average since the start of the pandemic.

Laurence Dutton | E+ | Getty Images Most Americans have never used ChatGPT. The majority aren’t interested in using generative artificial intelligence tools specifically for financial advice, either, according to a new CNBC Your Money Survey — at least not yet. Slightly more than one-third of U.S. adults — 37% — are interested in using

Mason King Courtesy: Mason King More than a year of recessionary forecasts have created “a highly unusual market,” said Mason King, a principal of Luther King Capital Management in Fort Worth, Texas, which ranked No. 1 on CNBC’s list of the top 100 financial advisors in the U.S. for 2023. As a whole, the current climate has created

In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Undefined | Mint Images Rf | Getty Images OK, not all financial advisors wear capes. But many are superheroes to their clients. Advisors, however, do wear many hats because they play a key role in the lives of their clients as they help align their

MoMo Productions The following is an excerpt from “This week, your wallet,” an audio program produced by CNBC’s Personal Finance team. Listen to the latest episode here. Social Security is the largest federal program in the U.S. The vast majority of older Americans get Social Security benefits, which either partially or even fully fund their

Luke Chan | E+ | Getty Images Almost half — 46% — of 401(k) investors don’t know what investments are in their workplace retirement plan, according to a new CNBC Your Money Survey. But that’s not necessarily bad news, financial advisors said. That’s because most employers that offer a 401(k) plan automatically enroll workers into

Getty Images When it comes to earning a decent yield on their savings, consumers may wonder: Should I choose a money market fund or a high-yield savings account? The purpose of each is similar. They generally serve as repositories for emergency funds or savings earmarked for the short term, perhaps to buy a car, home

Westend61 | Westend61 | Getty Images Experts have been pointing to a coming downturn for the U.S. economy. The question was when. Now, however, some firms and experts are walking back those predictions, calling into question the validity of once-trusted recession indicator known as the yield curve inversion. “While it is true that the yield

In this article LUV Follow your favorite stocksCREATE FREE ACCOUNT Whenever you’re traveling somewhere by plane, you have to pack, get to the airport, go through security, find your gate and — in the last step before you can finally relax while being taken to your destination —board the aircraft. “Boarding is one of the