When preparing your retirement budget, don’t blindly rely on estimates in a retirement income … [+] statement. Do your homework! getty In the coming months, you might receive a statement from your 401(k) plan that estimates the amount of retirement income your account might generate. While the information provided in these statements can help you
Mike Wells, the chief executive of insurance company Prudential, said Apple and Google have the platforms to be competitors in the health arena, but it would mean facing even more regulatory scrutiny than they do already. The Silicon Valley giants, which reach billions of people with their iOS and Android mobile operating systems, have pushed
A person poses in front of a banner featuring the logo of Palantir Technologies (PLTR) at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. Andrew Kelly | Reuters Palantir, the maker of software and analytics tools for the defense
U.S. stock futures were flat on Thursday night as Wall Street continues to grapple with the rising number of coronavirus cases and its potential economic impact. Dow Jones Industrial Average futures traded 32 points higher, or 0.1%. S&P 500 futures fell marginally and Nasdaq 100 futures traded 0.1% higher. Earlier on Thursday, the Dow dropped
Portra Images | Getty Images The majority of U.S. adults believe the Covid-19 economy is worse than the 2008 Great Recession, according to a recent Edelman Financial Engines 2020 Financial Insights study. Just over half, or 51%, said that was the case. “That is scary,” said Ric Edelman, founder of Edelman Financial Engines and a
In my 23 years as on-air stocks correspondent for CNBC, I’ve been asked many questions by strangers, but most of them boil down to some variant of “What do you think is going to happen to the markets?” Remarkably, almost no one (OK, maybe one in a hundred) ever ask what I would consider
Seniors MoMo Productions | DigitalVision | Getty Images It’s a common end-of-year refrain: Don’t forget to take your required minimum distribution. But, just as with everything else in 2020, rules for RMDs, as they are generally known, are different this year. Seniors don’t have to take them. The CARES Act passed by Congress in March
Director of the National Economic Council Larry Kudlow speaks to reporters outside the West Wing of … [+] the White House on September 2, 2020, in Washington, DC. (Photo by Olivier DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images) AFP via Getty Images The recipe is simple. When the economy is struggling, you
A new normal, perhaps involving masks in certain situations and care about what and whom we touch … [+] and what we sterilize, will gradually descend on us. getty The coronavirus remains contained in most of our city. New Yorkers must commit to keeping it that way. This week, New York State ranked 49th out of
JetBlue planes at a gate at John F. Kennedy International Airport in New York. Mark Kauzlarich | Bloomberg | Getty Images Get ready to fight over the armrest again. JetBlue Airways on Thursday said it will sell all seats on its flights starting Jan. 8. It is the latest carrier to cite advanced filtration systems
A Disney cast member welcomes guests to Magic Kingdom Park at Walt Disney World Resort on July 11, 2020. (Photo by Matt Stroshane/Walt Disney World Resort via Getty Images) Disney is set to report earnings for its fourth quarter of 2020 after the bell on Thursday. Here are the key numbers: Loss per share: 71 cents
Goldman Sachs just named its smallest and most diverse class of partners since its 1999 initial public offering. The firm on Thursday named 60 employees to the coveted rank of partner, the highest title at the New York-based bank and a nod to its history as a private partnership. Since taking over in 2018, CEO
“I’m going to spend less this month.” We’ve all said these words at some point in our lives. But changing your bad money habits isn’t easy. Most of our impulsive spending happens when our brain is on autopilot. The solution is to implement both short-term and long-term strategies which upend our reactive spending routine. From
CNBC’s Jim Cramer said Thursday he believes some on Wall Street have become too optimistic about the market in the face of surging coronavirus cases and hospitalizations, suggesting investors will find better entry points into stocks. “I think there’s too many people who are positive. I think you let it come in a little,” Cramer
President-elect Joe Biden delivers remarks in Wilmington, Delaware, on Nov. 9, 2020. Angela Weiss | AFP | Getty Images President-elect Joe Biden ran on a platform that included proposals to shore up Social Security benefits while extending the program’s solvency. How his administration and the next Congress take shape will help determine just how many
Economic Security Planning, Inc. Today’s column addresses questions about when it would be best for a lower earning spouse to file for their own retirement benefits, what benefits can be available for a parent and a dependent disabled child and when survivor benefits might not be payable, at least not yet. Larry Kotlikoff is a
One of the National Association of Realtors “30 Under 30” real estate agents, serving the Del Mar and San Diego luxury residential market. getty Low inventory and record low interest rates signal a hot seller’s market. However, uncertainty about how the ongoing pandemic and future tax legislation might impact the economy has created a lot
The Dabb-Hawkins family Facebook group has been buzzing for the past few weeks. The big question: How to handle the holidays this year. There was a big push by some family members in October to get together in person for Thanksgiving. The other half of the family wanted to make Zoom dinner plans instead, according
A visual representation of bitcoin with U.S. dollars. studioEAST | Getty Images Bitcoin briefly climbed above the $16,000 mark on Thursday, hitting a level not seen since January 2018. The cryptocurrency’s price rose as high as $16,019 just after 5 a.m. ET, according to data from industry site CoinDesk. It was last trading more than
Sign advertising apartments for rent in the Upper East Side in New York City. Adam Jeffery | CNBC Manhattan real estate may be turning the corner, as new rentals increased for the first time in over a year and sales activity started to creep higher after the Covid collapse. A big drop in rental prices