How 529 College Plans Are About to Become Much More Valuable
529 plans have long been considered the best way to save for a child’s college education. Initiated in 1996, these state-sponsored investment accounts offer tax-free earnings and withdrawals to use for tuition and other qualified educational expenses. But that requirement — that the funds be used for education — has been a sticking point for […]
It’s easy to get 5% yields. How to soften the tax hit on your big income payers
Uncle Sam is about to take his share of those juicy yields you’ve been earning through 2023. This year, investors didn’t have to work terribly hard to get paid high yields from their income-paying investments. The Crane 100 Money Fund Index touts an annualized 7-day yield of 5.2%. For those willing to sacrifice some liquidity, […]
Gold Prices Just Hit a Record High — Here’s How To Invest
Gold prices hit a record high on Monday, with spot prices reaching just over $2,100 an ounce. A spot price is the value at which an asset can be immediately bought or sold. The price of gold peaked at $2,135.40 an ounce during Asian trading hours, according to Reuters, before dipping 2.3% to $2,022.99 later […]
How To Borrow Against Your Life Insurance
Taking out a loan on your life insurance policy can give you a quick infusion of cash, but only if you have the right kind of policy. And even if you can borrow from your policy, that doesn’t mean you should. CNBC Select explains how life insurance loans work and what you need to consider […]
How To Switch Home Insurance
Whether you’re looking to save money or simply unhappy with your homeowners insurance company, you can switch providers at any time. That said, you want to follow the right steps to ensure you get the financial protection you need and avoid a lapse in coverage (and its resulting consequences). Below, CNBC Select explains the step-by-step […]
How to Financially Prepare for a Natural Disaster
Climate change has made hurricanes, wildfires and other natural disasters more prevalent and devastating in recent decades, with a huge economic impact in the US. Average losses from insured catastrophes have risen 700% since the 1980s, according to the Insurance Information Institute. And the National Centers for Environmental Information predicts wildfires will cause roughly $5.6 […]
ChatGPT training is critical for workers. Here’s how to get started
Jaap Arriens | Nurphoto | Getty Images For those concerned about workers having solid generative AI skills, there’s one way to take control: on-the-job training. “Your job will not be replaced by AI. Your job will be replaced by someone else who uses AI if you don’t,” said John Blackmon, chief AI officer of custom […]
Here’s how to prevent a costly divorce
We all know divorces are not uncommon in the U.S. Some of the most public splits over the years have included those of celebrities such as Johnny Depp and Amber Heard, Jennifer Lopez and Marc Anthony, Katie Holmes and Tom Cruise, and most recently, Joe Jonas and Sophie Turner. In 2021, there were nearly 700,000 […]
How To Cancel Car Insurance
Whether you’re switching car insurance providers or selling your car, you can cancel your current insurance policy at any time. It’s a simple process that typically doesn’t take much time. That said, you’ll need to consider the timing and potential fees before you terminate your insurance. Below, CNBC Select explains how to cancel your car […]