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 […]
How to reduce AI bias, according to tech expert
Artificial intelligence has developed quickly over just the past year. However, the technology still faces a big problem that can have potential devastating real-world consequences — AI bias. People can have covert or overt biases against others based on various factors such as race, gender or income level. Since humans create AI models, AI bias […]
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 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 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 […]
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 save on Thanksgiving costs despite inflation
Tetra Images | Tetra Images | Getty Images Families preparing for Thanksgiving will find that turkeys are cheaper this year. The U.S. bird population recovered from last year’s avian flu, boosting supply and helping push down prices. This year, a 16-pound frozen whole turkey costs $27.35 on average, a 5.6% decrease from 2022, according to […]