Bond yields will come down in 2024. How to prepare your portfolio
In 2023, you could plop money into a high-yield savings account and get a yield nearing 5% with little effort. Expect to work a little harder for those fixed income returns in the new year. The Federal Reserve’s series of interest rate hikes, which kicked off in 2022, made idle money profitable. One-year certificates of […]
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 send digital gift card on Amazon, Venmo or Cash App
Jeff Greenberg | Universal Images Group | Getty Images Don’t panic if you miss the window to order a gift for someone during the holidays, or are in a faraway state and don’t want to deal with shipping. It’s easy to give a digital gift card that can save you in a pinch. Many of […]
Social Security benefits for workers who have pensions may be reduced
Richard Stephen | Istock | Getty Images When Joyce Debnam’s husband passed away, she began receiving $1,400 a month in Social Security survivor benefits. Eight months later, that income unexpectedly changed. The trigger: Debnam retired from her job at the United States Postal Service in 2013 after four decades of service. That life change prompted […]
How to Donate to Charity, Get a Tax Break and Have Income for Life
Tax breaks for charitable donations come in many flavors, and this year Congress has a new one for seniors called an IRA charitable gift annuity. It allows older owners of traditional IRAs to donate account funds to a charity and get tax breaks plus income payments for life. Brian and Deborah Smith of Park City, […]
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 fit charitable giving into your budget this holiday season
With high prices continuing to squeeze budgets, 47% of Americans say their charitable giving will be affected by inflation as the holidays approach, a recent WalletHub survey found. “It certainly isn’t surprising that all of the economic factors that have been going on are impacting not only families’ baseline budgets, but that it’s trickling over […]
How to avoid emotional spending
If stress or sadness has ever pushed you to buy something you probably don’t need, you’re not alone. Nearly 70% of Americans say emotions have influenced their spending, a recent LendingTree survey finds. When it comes to emotional spending, “the deck is stacked against us,” says financial psychologist and certified financial planner Brad Klontz. “We’re […]
Stimulus Check for Senior Citizens: How to qualify for a $2000 payment?
The Social Security Expansion Act aims to enhance financial assistance by $200 per month for individuals already receiving Social Security benefits or those who will turn 62 in 2023. Stimulus checks will be distributed to people with disabilities, low-income families, and senior citizens based on criteria established by each state government. The assistance is intended […]
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 […]