Personal finance
Why new retirees may need to rethink the 4% rule
Key Points The 4% withdrawal rule is a popular retirement strategy that helps investors withdraw money safely from their accounts, with low odds of running out of money later. Lower expectations for long-term stock, bond and cash returns means new retirees may need to proceed a bit more cautiously, according to Morningstar. There are ways […]
Read More
Side hustle expert: 4 great, easy, ‘low-maintenance’ ways to make money from your house
For nearly seven years, as the founder, CEO and editor of SideHusl, I’ve devoted my time to researching and reviewing platforms that aim to help people make some extra money. A common question I’m asked is, “How can I turn what I already own into a side hustle?” If you find that you are house […]
Read More
You don’t need to be a ‘Silicon Valley entrepreneur’ to be rich, financial advisor says. Here’s how to retire a millionaire
Key Points Almost anyone can save $1 million for retirement, according to financial advisors. There have been thousands of new 401(k) plan and individual retirement account millionaires this year, according to Fidelity Investments. Starting early is key, advisors say. This lets investors harness the power of compound interest. Source
Read More
33-year-old mom moved her family from Texas to an island in Greece: ‘Our life is just so much more fulfilling here’
This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money. After their daughter was born in 2022, Cara West and her husband Harley decided to sell all of their belongings and try living abroad. A number of factors led to their decision. First, […]
Read More
Here’s the inflation breakdown for November 2024 — in one chart
Key Points The consumer price index increased 2.7% in November 2024 from a year earlier, according to the Bureau of Labor Statistics. Inflation is not accelerating, but remains persistently too high, economists said. Inflation for groceries, gasoline and new vehicles increased. The good news is underlying trends still appear positive and disinflation is likely to […]
Read More
If Trump adds tariffs, ‘either way, there is a cost to consumers,’ economist says
Your Money If Trump adds tariffs, ‘either way, there is a cost to consumers,’ economist says Published Tue, Dec 10 20243:45 PM ESTUpdated 3 Hours Ago Greg Iacurci@GregIacurci WATCH LIVE Source
Read More
‘Low-hire, low-fire’: The U.S. job market is stagnant right now, economists say
Key Points The U.S. job market is seeing a low rate of layoffs but also a slow pace of hiring among employers. That comes amid signs of labor market strength overall: Unemployment is historically low, for example. This means while employers are holding on to workers, job seekers are having a tough time. Source
Read More
Treasury Department may fine small businesses up to $10,000 if they don’t file this new report
Key Points The Corporate Transparency Act requires many businesses to report “beneficial ownership information” by Jan. 1, 2025, in an effort to curb crime through shell companies. About 32.6 million businesses are subject to the new BOI reporting, according to federal estimates. Individuals that “willfully” violate the requirement may be subject to fines of $10,000 […]
Read More
‘Pet sitter’ dominates the list of the most trendy roles for workers in Singapore, according to Indeed
“For many, roles like pet sitting or chauffeuring offer something that high-stakes jobs often struggle to provide: simplicity, flexibility, and a sense of control,” says Saumitra Chand, career expert at Indeed. Edwin Tan | E+ | Getty Images “Pet sitter,” “chauffeur,” “bakery assistant” and other service jobs are drawing a surge of interest in Singapore, […]
Read More
More employers add 401(k) plan match for those paying student loans
Key Points More companies are choosing to offer a 401(k) plan match to workers who are paying off their student loans. A recent law, Secure 2.0, allowed employers to essentially treat student loan payments like a 401(k) contribution for the purposes of offering a match, starting in 2024. Large companies like Kraft, Workday, News Corp. […]
Read More