Wealth
London, Paris, Frankfurt and beyond: CNBC names Europe’s best hotels for business travel
International travel may still have its challenges. But finding a solid hotel for a business trip isn’t one of them. CNBC Travel and the market data firm Statista today release a ranking of the “Best Hotels for Business Travelers” in Europe. This is the first ranking of its kind between CNBC and Statista, who […]
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
Denver’s most expensive home lists for $28.9 million and features a stunning charred wood treatment
A multi-tiered sundeck connects the main house on the right to a poolside structure on the left both overlook a 75-foot lap pool. Nate Polta A modern residence just outside of Denver listed Monday for $28,888,888, which makes it the most expensive home for sale in the metro area. According to co-listing agent Jared Blank, […]
Read More
American homebuyers are finding UK bargains, discounted by a weaker pound
Street in Chelsea district, London Alexander Spatari | Moment | Getty Images American homebuyers are searching for bargains in the U.K., as a weaker pound contributes to double-digit price cuts. The fall in the British currency over the past year, down 17.5% against the U.S. dollar so far in 2022, has made U.K. real estate […]
Read More
These are the best ways to give to charity for the ‘vast majority of people.’ Here’s how to pick the most tax-efficient strategy
Catherine Mcqueen | Moment | Getty Images It’s easy to transfer cash when a charity pulls at your heartstrings. But other giving strategies may provide a bigger tax break, financial experts say. Despite economic uncertainty, nearly 70% of Americans plan to donate a similar amount to charity in 2022 as last year, according to a […]
Read More
IRS erred on child tax credit payments for millions of eligible families – but aid was 98% accurate overall, report finds
The IRS skipped about $3.7 billion in advance child tax credit payments for 4.1 million eligible households, but sent more than $1.1 billion to 1.5 million filers who didn’t qualify in 2021, according to an audit released Tuesday by the Treasury Inspector General for Tax Administration. However, the agency accurately issued 98% of the aid, […]
Read More
‘We are not rich:’ A couple share one money tip that lets them travel full time — on land and sea
“What if I were to die tomorrow, what would you do for the rest of your life?” That’s what Malaysian Samantha Khoo asked her Singaporean husband Rene Sullivan in 2017, when he came home late from a long day of work. “It was really sudden and it took me some time before I answered her,” […]
Read More
Stock market losses wipe out $9 trillion from Americans’ wealth
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, September 26, 2022. Brendan McDermid | Reuters Falling stock markets have wiped out more than $9 trillion in wealth from U.S. households, putting more pressure on family balance sheets and spending. Americans’ holdings of corporate equities and mutual fund shares […]
Read More
Going to Hong Kong? Get ready for a barrage of Covid tests
Travelers headed to Hong Kong no longer need to quarantine in a hotel upon arrival. But they will have to submit to a barrage of Covid tests. They can go to work, take public transportation and go to supermarkets, but for the first three days, travelers can’t go into “high-risk premises” such as restaurants, bars […]
Read More