Retirement planning
The CNBC FA 100 ranking recognizes advisory firms that help clients navigate their financial lives
Marko Geber | DigitalVision | Getty Images In times of uncertainty — turbulent markets, high inflation, geopolitical turmoil — we often write about what financial advisors are recommending to clients. This advice often boils down to “stay calm” and “don’t let short-term news lead to impulsive moves that have long-term consequences.” Many advisors also offer […]
Read More
Here’s how we determine the FA 100 ranking for 2022
Peopleimages | Istock | Getty Images CNBC enlisted data provider AccuPoint Solutions to assist with the ranking of registered investment advisors for this year’s FA 100 list. The methodology consisted of first analyzing a variety of core data points from AccuPoint Solutions’ proprietary database of registered investment advisors. This analysis started with an initial list […]
Read More
This ‘wild card’ strategy offers retirees a fix for unpaid quarterly taxes. Here’s how to use it
Portra | E+ | Getty Images If you’re retired and haven’t made the necessary quarterly estimated tax payments for 2022, there may still be time to avoid late penalties, experts say. Retirees must send tax payments four times per year if they don’t withhold enough from Social Security, pensions, investments or other sources of income. […]
Read More
Here’s how advisors are helping clients slash their 2022 tax bill
Hero Images | Hero Images | Getty Images Weigh Roth IRA conversions With the S&P 500 Index down more than 20% in 2022, many investors are eyeing Roth individual retirement account conversions, which transfer pre-tax IRA funds to a Roth IRA for future tax-free growth. The trade-off is paying an upfront tax bill. However, lower […]
Read More
The U.S. retirement program receives a ‘C+’ quality, specialists say — even though it’s well worth $39 trillion. Here is why
Essential Details The U.S. retirement process was presented a C+ quality in 2021 in the Mercer CFA Institute World wide Pension Index. The state also rated 17th on the Natixis Financial commitment Managers 2021 International Retirement Index. Nations this kind of as Iceland, Norway, the Netherlands, Switzerland, Denmark, Australia, Ireland and New Zealand obtained larger […]
Read More
6 money tips from pro athletes Isaiah Thomas and Dexter Fowler — and their financial advisor
Malerapaso | Istock | Getty Images HUNTINGTON BEACH, Calif. — Professional athletes are faced with a difficult task early in their careers — learning to deal with big sums of cash as they’re thrust into stardom, often at a young age. Isaiah Thomas, an all-star basketball player, and major league baseball player Dexter Fowler sat […]
Read More
Single workers, families, retirees: How much cash you need in an emergency fund at every career stage, according to advisors
Nirunya Juntoomma | Istock | Getty Images If you’re feeling unsteady amid stock market volatility, high inflation and rising interest rates, you may wonder how much cash you really need to have handy. But the right amount to have in your emergency fund depends on your family’s situation and needs, financial experts say. Still, with […]
Read More
Here’s how you can save $1 million for retirement on an annual salary of $70,000
Consistently saving a small percentage of your salary is a simple way to ensure you’re prepared for retirement. As a rule of thumb, most financial advisors suggest you save 10% to 15% of your earnings. Here’s a case study assuming you start with no savings, plan to retire at 65 and have investments that earn […]
Read More
Employee stock purchase plans can carry ‘a big risk,’ says advisor. What to know before buying in
How employee stock purchase plans works Typically offered to all employees, ESPPs may allow you to purchase company stock at a discount of up to 15%, capped at $25,000 per year for tax-qualified plans. The plan collects after-tax contributions from each paycheck during an “offering period,” and uses the funds to buy company stock on […]
Read More
Lawmaker urges Yellen, Treasury Department to remove ‘red tape’ for Series I bonds
As the cost of living soars, one federal lawmaker wants to remove any barriers to buying Series I bonds, an inflation-protected and nearly risk-free asset that currently pays 9.62% annual interest through October. Rep. Abigail Spanberger, D-Va., on Thursday sent a letter to Treasury Secretary Janet Yellen, voicing concerns about the difficulties of buying I bonds […]
Read More