Alvaro Gonzalez | Moment | Getty Images Whether it’s stock market volatility, the Federal Reserve’s interest rate cuts or proposed tax law changes, we’re dedicated to breaking down the news to help investors make smart money decisions. But CNBC’s personal finance team also recognizes the value of financial planning, regardless of your life stage, income … Read more
Jasondoiy | E+ | Getty Images As a financial advisor mom of three kids, I know well the power of compounded interest and the value of early work experience and learning to save and invest for yourself. My kids — ages 15, 12 and 11 — have been tutoring, filing, shredding, sweeping, and even researching … Read more
When Mark Cuban was in his 20s, his goal was to retire at age 35. These days, the 66-year-old billionaire entrepreneur and investor says he has no imminent plans to stop working. “I’m just getting started,” Cuban tells CNBC Make It. “There’s no retirement in my book. I’ll go until I drop.” Some of Cuban’s recent … Read more
The oldest Gen Xers are turning 59 this year, and once they reach 59½, they can begin making penalty-free withdrawals from their 401(k)s and individual retirement accounts. However, nearly 70% of Gen X, which is comprised of Americans between the ages of 44 and 59, feel behind on their retirement savings, according to a new … Read more
Progress toward narrowing the gender pay gap has mostly stalled, in part due to something researchers call the “gender promotion gap.” “Women have noticeably lower promotion rates compared to men in the same firm, in approximately the same position,” Kelly Shue, a professor of finance at Yale School of Management, said at CNBC’s Women & Wealth event Wednesday. … Read more
Ayesha Ofori, founder and CEO of Propelle. Propelle Ayesha Ofori is a former Goldman Sachs wealth advisor who quit her high-profile job to resolve Britain’s gender wealth gap, after realizing she had spent her career making rich men even richer. Ofori is the 40-year-old founder and CEO of female-focused financial investment platform, Propelle, which launched … Read more
The U.S. has experienced an unprecedented wealth boom. Yet, few Americans — including millionaires— feel confident about their financial standing. Only 12% of Americans consider themselves wealthy, according to a new report by Edelman Financial Engines. Despite their high net worth, just 33% of millionaires said the same, the report found. Edelman Financial Engines polled more than … Read more
If you imagine spending your post-work years attending Broadway shows and lounging around Central Park in the city that never sleeps, it’s going to cost you. New York City ranks as the priciest city in the U.S. to retire, according to WalletHub’s 2024 analysis of the best and worst places to retire. Following NYC, the … Read more
Nitat Termmee | Moment | Getty Images There are few certainties when it comes to investing. The stock market can seem to gyrate with little rhyme or reason, guided up or down by unpredictable news cycles and fickle investor sentiment. Average stock returns have historically trended up over long time periods, but their trajectory is … Read more
Cavan Images | Cavan | Getty Images House lawmakers in Washington have the signatures they need to force a vote on a bill to eliminate rules that reduce Social Security benefits for certain retirees who also receive pension income. On Thursday morning, Reps. Abigail Spanberger, D-Va., and Garret Graves, R-La., marked the 206 signatures a … Read more
