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☆ Here are key things you need to know about health savings accounts as you near retirement
▼ + stars: | 2022-12-19 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +1 min

If you have a health savings account and are nearing retirement age, be aware that some of the rules are different for the older crowd. The standard HSA contribution limits for next year are $3,850 for self-only coverage (up from $3,650 in 2022) and $7,750 for family coverage (up from $7,300 this year). The definition of an HSA eligible, high-deductible health plan for 2023 depends on whether you have single or family coverage. A solo plan would need to have a deductible of at least $1,500 and a maximum limit of $7,500 on out-of-pocket expenses. For family coverage, the deductible is at least $3,000, with a $15,000 maximum on what members pay out of pocket.

☆ $2 million ranges, deleted job posts: NYC's salary transparency law is off to a rocky start
▼ + stars: | 2022-11-03 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Still, a revised entry for a post for a client services officer listed the salary range between $61,710 and $155,290 as of Wednesday, before it was taken down. A Citi respresentative tells CNBC Make It the company "is proactively reviewing all job postings to ensure the correct salary range is listed" and has "temporarily unposted select job postings and will repost when the salary range is confirmed." Employers test what it means to list a 'good faith' rangeThe law specifically states businesses hiring in New York City must post a "good faith salary range" for every job, promotion or transfer opportunity. But it's up to investigators to show a salary range isn't in good faith — not on companies to prove it is. The spirit of the law is to create transparency, and any company having large salary ranges like that doesn't create any transparency."

☆ Facebook shuttle bus drivers are losing their jobs as Meta slashes costs and employees stay home
▼ + stars: | 2022-10-20 | by ( Jennifer Elias | ) www.cnbc.com time to read: +4 min

“Some employees may be maintained or recalled to work," a human resources director at Hallcon wrote in the filing. Murphy said all of the layoffs are coming from one company: Meta. Silicon Valley Rising"All four vendors are losing people," Murphy said, referring to the companies that work with Meta. In July, CNBC reported that Meta had canceled a contract with custodial workers at its headquarters, resulting in job cuts. Murphy said one of the union's efforts is to put pressure on the company to ask employees to return to offices.

☆ Goldman Sachs Embeds Software Developers Deeper Into the Business
▼ + stars: | 2022-10-19 | by ( Katie Deighton | ) www.wsj.com time to read: +4 min

PREVIEWHistorically, developers were asking “how” questions, Mr. Argenti said Wednesday during an online Wall Street Journal CIO Network members event. Mr. Argenti joined Goldman in 2019 as co-CIO after serving as vice president of technology at Amazon Web Services. Developers have only gained more power in business since then, Mr. Argenti said. “It’s kind of an evolution…to really manage the customer as one, no matter how many touch points they have within Goldman Sachs, ” Mr. Argenti said. The process can help developers feel more empowered and has led to higher retention rates, Mr Argenti said.

The bank reported $18.51 billion in revenue versus the $18.25 billion expected by analysts, according to Refinitiv. On the trading front, Citigroup reported $3.06 billion in fixed income revenue and $1.01 billion in equities revenue. Citigroup reported a $520 million pretax benefit in the third quarter related to the divestiture of its Asia consumer business. Like the rest of the industry, Citigroup is also contending with a sharp decline in investment banking revenue. The bank reported $631 million in investment banking revenue for the third quarter, down more than 60% year over year.

☆ Ready to start saving? Do it in this order
▼ + stars: | 2022-03-01 | by ( Beth Braverman | ) edition.cnn.com time to read: +6 min

Financial experts generally advise saving 10% to 15% of your income, but if that’s not possible right now, start setting aside whatever you can and increase the amount over time. A Health Savings AccountIf you have a high-deductible health plan through work, you might also have access to a health savings account. Money goes in tax-free, grows tax-free, and comes out tax-free if you use it for qualified medical expenses. Max out your 401(k) or other retirement savings accountsOnce you have your basic savings plans in order you can start really boosting your retirement savings. Individuals health plans with deductibles of at least $1,400 are considered to be high-deductible and are eligible for a Health Savings Account.

☆ The new head of Wells Fargo's massive wealth arm explains why human financial advisors should embrace roboadvisers, not fear them
▼ + stars: | 2019-12-20 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +7 min

In his first interview as president and head of Wells Fargo Advisors, Jim Hays shared with Business Insider his view on the wealth management industry's future. He joined the unit's parent firm Wells Fargo in 2005, and was previously head of its Private Wealth Financial Advisors group. Wells Fargo Advisors has 13,723 financial advisors that oversaw some $1.6 trillion in retail clients' assets as of September 30. That being said, the predominance of technology and its impact on the financial advice industry can't be understated. Additionally, through Wells Fargo Advisors' Intuitive Investor, we've found users actually prefer a hybrid model: pairing powerful portfolios with advice from financial advisors.

Persons: Jim Hays, Hays, —, Wells, Charles Schwab, Wells Fargo, we've Organizations: Wells Fargo Advisors, Business, Wealth Financial, Wells, Advisors, Analysts Locations: Wells Fargo

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