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Buy now, pay later plans gained popularity in 2023 as an alternative to high-interest credit cards. Buy now, pay later use surged recently and those bills are now dueThe use of buy now, pay later plans skyrocketed during the 2023 holiday season. According to Adobe, which tracks online sales, buy now, pay later plans use was up 47% on Black Friday and 43% on Cyber Monday. According to PYMNTS' survey, 39.6% of respondents used buy now, pay later plans for clothing and accessories and 33.7% used them for groceries. Buy now, pay later debt can be advantageous if used correctly.
Persons: , Rather, Peter Cade, PYMNTS, Tim Quinlan, Shannon Seery Grein, Selcuk, Mark Luschini, Janney Montgomery Scott, Maria Bartiromo, Luschini, Warren Buffett, Buffett, I've Organizations: Service, Federal Reserve Bank of Philadelphia, Adobe, Household Economics, Science Research Network, Economic, Anadolu Agency, Getty, Wells, US Locations: Wells Fargo
If you're 50 or older, you can funnel extra money into your 401(k), known as "catch-up contributions." But starting in 2024, higher earners can only make 401(k) catch-up contributions to after-tax Roth accounts, which don't provide an upfront tax break but the funds can grow levy-free. Fund pretax catch-up contributions for 2023Guarino urges higher earners to fund pretax catch-up contributions in 2023 while they still can because it provides a bigger tax break. Change provides tax diversificationWhile some higher earners will lose a tax break, the catch-up contribution change is "not necessarily a bad thing," according to Dan Galli, a CFP and owner at Daniel J. Galli & Associates in Norwell, Massachusetts. Preparing for the catch-up contribution change
Persons: Peter Cade, deferrals, Roth, Jim Guarino, Baker Newman Noyes, Guarino, they've, Dan Galli, Daniel J, Galli, John Loyd Organizations: Getty, Galli & Associates Locations: Woburn , Massachusetts, Norwell , Massachusetts, Fort Worth , Texas
Inside the rise of a Wall Street wunderkind
  + stars: | 2023-06-16 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
Achieving success at an early age is impressive in any industry, but it's particularly awe-inspiring on Wall Street. Kuenzel, who started as an intern at hedge fund Citadel in 2018 and focused on quantitative research, spoke about his rise within Griffin's financial empire. It's a good lesson for how fixing issues at work is a surefire way to supercharge your career. The Fed and the SEC are investigating the work Goldman did with SVB in the lead-up to its failure, The Wall Street Journal reports. If you're suffering from pre-diabetes or obesity, intermittent fasting could be a good way to control your blood sugar.
Persons: Dan DeFrancesco, Wilhelm, we've, Peter Cade, Emmalyse Brownstein, Soeren Kuenzel, Ken Griffin's, Kuenzel, Griffin, Nancy Luna, Goldman Sachs, Adam Dell, Morgan Stanley, Crispin Odey, Goldman, Qi Tom Chen, Horace Mann School, Jeffrey Cane, Nathan Rennolds Organizations: Getty, Citadel Securities, Citadel, Bloomberg, Odey, Management, JPMorgan, SEC, Street, CNBC, Horace Mann, LinkedIn Locations: London, New York
Power outages have increased 64% from the early 2000s, and weather-related outages — many driven by the worsening climate crisis — have increased 78%. A record-breaking blizzard in Buffalo, New York, this winter caused power outages throughout the city, resulting in the deaths of 47 residents. In 2021, a heat wave led to power outages and the deaths of hundreds in the Pacific Northwest. While regional organizations might use fees to penalize companies for power outages, it's now much harder to pinpoint and hold a person or entity responsible. In the meantime, the climate crisis will continue to wreak havoc on an aging grid system that puts profits over reliability.
I don't know if it's pandemic stress, getting older, my job, or what — but these days, I'm not motivated. I'm supposed to work hard and make the most of my career, but I don't think I have it in me. You don't need to "regain your ambition" or "live up to your potential" right now. These ideas don't need to involve work necessarily, nor do they need to be income-generating. Research shows that the keys to engagement at work are using your strengths, connecting with others, and feeling like you're effective.
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