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Courtesy of Eric CooperThe idea of early retirement didn't start to percolate until 2019. "That's when I found the Mr. Money Mustache website and this article that explained the simple math behind early retirement and the 4% rule." According to the 4% rule, which helps retirees determine how much they can spend without running out of money, Cooper had a big enough portfolio to stop working. Using Rule 72(t) to access his retirement money without penaltyWhen you contribute to retirement accounts like a 401(k) and IRA, you can start taking penalty-free withdrawals after age 59½. He rolled over $300,000 because that's about how much money he'll need for a $20,000 annual distribution each year until he's 59 ½.
Persons: Eric Cooper, Cooper, I'd, Cooper's, didn't, I've, It's, you've, That's Organizations: Business, Google, IRS Locations: percolate, Louisville
I even quit my 9-to-5 to pursue my passion for content creation. I made $40,000 in revenue from content creation in 2022 and $107,000 in 2023 before expenses. AdvertisementSince I'm not earning a stable income, we've decided to limit our spending more this year. I decided to give myself a salary of $35,000 for 2024 from my content creation business. As content creation doesn't require me to go into an office, I'm hoping to build a flexible career that I can continue around raising a kid.
Persons: , Natalie Fischer, Keldon, now's, we've, There's, Roth, I'm, DINK, We've, He's, we're, haven't Organizations: Service, Business, UGC Locations: Washington, Seattle, pomeranian, Rome, Mexico, Finland
Depending on your tax bracket at the time of withdrawal, your 401(k) money could be taxed at around 20% or 30%. Note that if you have a Roth 401(k), which is funded with after-tax dollars, you won't be taxed when withdrawing. The longer you can wait to touch your 401(k) money, the longer you'll delay owing taxes. Finally, there's the "non-taxable portion," he said, which would be money in accounts like a Roth 401(k), Roth IRA, and HSA. Or do they have a Roth IRA that they can take it from tax-free to benefit them?"
Persons: , Grant Neiland, there's, you'd, Roth, Neiland, you've Organizations: Service, Business, Carson Wealth, IRS, Roth IRA
They built the wooden cart with bicycle tires and a kickstand in her parents' basement in 2016, maxing out her credit card's $1,500 limit to afford materials, and called it The Nitro Cart. That summer, they took it to any event that would take them, from sheep shearing events to farmers markets across Rhode Island, serving small batches of nitrogen-infused cold brew. To survive the winter, they partnered with local restaurants to install their nitro cold brew on tap. Here's how they built The Nitro Bar, from 80-hour workweeks to some TikTok virality and a lot of luck. They both worked "insane hours, usually seven days a week" to turn their cart into The Nitro Bar, says Finocchiaro.
Persons: Audrey Finocchiaro, Sam Lancaster, maxing, Sam, Lancaster, Finocchiaro, , they'd, it's, it'll Organizations: Brown University, CNBC, Finocchiaro Locations: Rhode Island, Rhode Island and Massachusetts, Lancaster
You might feel like your life, retirement savings and finances are set in stone at this age. But this mindset can be one of the biggest financial mistakes you make in your 50s, says Autumn Knutson, certified financial planner and founder of Styled Wealth. Here are three smart decisions to make with your money in your 50s, according to three certified financial planners. Secure long-term care insuranceAs you inch closer to retirement, your 50s are a good time to consider long-term care insurance, says Andrew Fincher, a CFP and financial advisor at VLP Financial Advisors. Separate from health insurance and Medicare, long-term care insurance covers expenses that often arise in your later years, such as assisted living care and at-home care.
Persons: , Andrew Fincher, Fincher, Marguerita Cheng, Cheng Organizations: Financial, Blue Ocean, Fidelity Investments
The scale of the fraud was said to be equivalent to roughly 3% of Vietnam’s economy. Though widely considered ceremonial, the presidency is one of the top three positions in Vietnam’s political hierarchy after the CPV’s Secretary General, currently Nguyen Phu Trong. In fact, the International Monetary Fund expects Vietnam’s economy to grow by 5.8% this year, compared to 4.6% for China. Their fate remains unclear, given the highly secretive nature of Vietnam’s political system. But Vietnamese political experts said a permanent appointment would not end the instability.
Persons: Truong My Lan, Van Thinh, siphoned, , Eric Chu, Vietnam’s, Vo Van, Trong, Thuong, Vo Van Thuong, Richard A, Brooks, Nguyen Xuan Phuc, Pham Binh, Le Hong Hiep, Yusof, ” Hiep, , Thu, General Trong, Xi Jinping, ” Zachary Abuza, Salt Bae, Lam, ” Abuza, Nguyen Phu Trong, Evelyn Hockstein, Abuza, Bui Thanh Soh, ” Soh, Vo, Xuan, Thuong’s, Le Hong Organizations: CNN, Van Thinh Phat Holdings Group, Stock Commercial Bank, Reuters, SCB, Express, Communist Party, Institute, Crisis Group, National War College, Vietnamese Communist Party, Public Security, Vietnam, International Monetary Fund, Companies, Apple, Intel, Vietnam's Communist Party General, Yusof, Brookings Institution, , Crisis Locations: Vietnam, Saigon, People’s, Ho Chi Minh City, Hong Kong, Duc, Singapore, Asia, China, Washington, , London, Turkish, Hanoi, Bangkok
Best 0% Intro APR Business Credit CardsU.S. Bank Business Triple Cash Rewards World Elite Mastercard® : Best overall for high rewards and long 0% intro APR: Best overall for high rewards and long 0% intro APR Ink Business Cash® Credit Card: Best welcome offerThe American Express Blue Business Cash™ Card: Best for easy rewardsThe Blue Business® Plus Credit Card from American Express: Best for flexible rewardsU.S. Bank Business Platinum Card: Best for balance transfersBank of America® Business Advantage Customized Cash Rewards Mastercard® credit card : Up to 5.25% cash back for Bank of America Preferred Rewards for Business customersCompare the Best 0% APR Business Credit CardsBest for generous cash back rewards and long 0% APR U.S. Bank Business Triple Cash Rewards World Elite Mastercard® Insider’s Rating Info icon Insider's Ratings are decided by our editorial team. Features to Look For in 0% APR Business Credit CardsThe best 0% APR business credit cards either offer generous terms for zero interest, or high rewards for spending on the credit card. 0% APR Business Credit Card Frequently Asked QuestionsDo 0% APR business credit cards exist? Yes, many 0% APR business credit cards allow balance transfers from other credit cards, including business cards. While using more of your available credit can impact your credit and credit score, this doesn't typically apply to business credit cards.
Persons: you'll, APRs, Cash, you've, You've, Cardholders, cardholders, They'll Organizations: Business Insider, U.S . Bank Business, Cash, Mastercard, Bank of America, Cards, Bank Business, American Express, Bank, of America, Rewards, EV, Ink, FDIC, Express, U.S . Bank, Business, U.S, Chase, . Bank, Chevron Locations: Chevron
Beyoncé’s Country Is America: Every Bit of It
  + stars: | 2024-03-31 | by ( Jon Pareles | ) www.nytimes.com   time to read: +1 min
The first song on “Cowboy Carter,” Beyoncé’s not-exactly-country album, makes a pre-emptive strike. It’s a challenge she has engaged head-on since she released her visual album “Beyoncé” in 2013. For the last decade, even as her tours have filled stadiums, she has set herself goals outside of generating hits. “Cowboy Carter” is an overstuffed album, 27 tracks maxing out the 79-minute capacity of a CD and stretching across two LPs. It flaunts spoken-word co-signs from Willie Nelson and Dolly Parton that interrupt its flow; it includes some fragmentary, minute-long songs.
Persons: Cowboy Carter, ” Beyoncé’s, , , Beyoncé, Cowboy Carter ”, Willie Nelson, Dolly Parton
Women who choose to undergo reproductive technology procedures such as egg freezing face a long road riddled with obstacles. Here's a look into the driving forces behind egg freezing and the financial, social and emotional costs that come with it — based on personal experiences from women across the country. She wanted to remove some of the stigma around egg freezing and give her followers an inside look at the arduous process. The benefits are high, but so are the costsWhile the benefits of egg freezing are certainly enormous, so too are the associated costs. Many women need multiple egg freezing cycles, especially as they grow older and egg number and quality begin to deteriorate.
Persons: Lynn Curry, cryopreservation dewar, Roselle Chen, That's, Marcia Inhorn, Inhorn, Nicole Noyes, Aimee Eyvazzadeh, Noyes, Eyvazzadeh, Serena Kerrigan, Kerrigan, Jenny Hayes Edwards, Hayes Edwards Organizations: Huntsville Reproductive, Reuters, Life Sciences, Women, Yale University, CNBC, Nutrition Locations: Huntsville, Madison , Alabama, U.S, Alabama, United States, America, New York, California, Colorado
"The goal is usually to be as close to zero as possible: either a minimal return refund or a minimal tax payment. Where to save your money right now: high-yield or money market accountsOnce you've received your refund, a good initial step is to send that money from your checking account to a savings account. A few key differences: Your cash will be more accessible in a money market account, as you can write checks and use a debit card linked directly to the account. Note that money market accounts usually have a higher minimum balance requirement, ranging from a few hundred to a few thousand dollars. Interest rates are expected to drop in 2024, but you'll still earn more in these accounts than in traditional savings accounts, which typically offer rates under 0.5%.
Persons: Grant Nieland, you've, you'll, You'll, Roth, Nieland, we're Organizations: Business, Carson Wealth, IRS, Wealth, Roth IRA
But I let my money sit in the non-bearing cash account for two years. The author started investing her HSA money in 2024. That number looks very different if I chose to leave the money in the cash account for those 26 years: It would amount to about $112,000. Touching the HSA money also cost me. Now that I've spoken with Weiss, I'm building my cash balance up to the one-year deductible amount before I invest more.
Persons: , they're maxing, Brent Weiss, That's, Weiss, Kathleen Elkins ​ ​, me Organizations: Service, Business, Vanguard
After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. I happily used my HSA money to cover the $1,075 bill. An even smarter move would have been to invest my HSA funds (which I eventually did) and not touch them until age 65. I was relieved when Weiss told me that he also invests his HSA money in a retirement date fund. I asked about how often I should be transferring money from my cash account, where my HSA funds land automatically, to my investment account.
Persons: I've, Brent Weiss, Roth IRAs, HSAs, It's, Weiss, Max, don't, Kathleen Elkins, , I'm Organizations: Business, Vanguard, IRS Locations: That's, Epsom
When Tiffany Wasiuk, 42, heard from her now-husband on their first date that he never wanted children, she was pretty much ready to marry him. “That was amazing that we actually met, and I found someone that never wanted children as well,” she said. The lifestyle choice has also meant a level of financial stability and preparedness that’s become a hallmark of DINKs. “And I know not having children has contributed largely to that expense.”AdvertisementLike many other DINKs, Wasiuk and her husband enjoy traveling. Her parents also had a boat at the marina, and they were able to join Wasiuk and her husband for boating adventures.
Persons: Tiffany Wasiuk, DINK, , , , who’s, that’s, that's, They've, I'm, Wasiuk, they’ve, we've, she’s, we'll, haven’t, It's Organizations: Service, Business, Consumer Finances, Wasiuk, Research Locations: Virginia Beach, Caribbean, Virginia
New York CNN —Caitlin Clark made history Thursday as women’s college basketball’s all-time leading scorer. The total market for commercial NIL deals for college athletes is expected to reach an estimated $200 million in 2024, according to Opendorse, an online platform that helps connect athletes with NIL deals. The growing public profiles of college athletes has also meant additional funds for their schools and athletics programs. TickPick estimates the game will be the most expensive in women’s college basketball history. This past Sunday, Nebraska’s victory over Iowa in Lincoln attracted 1.7 million viewers — the most-watched women’s college basketball game ever on Fox Sports.
Persons: Caitlin Clark, Clark, , Patrick Rishe, St . Louis, , Caitlin Clark’s, ” Rishe, ” Sam Weber, Angel Reese, Flau’jae Johnson, On3, Spotrac, Weber, Tiger Woods, LeBron James, doesn’t, ” Weber, maxing, you’ve Organizations: New, New York CNN, Gatorade, Nike, State Farm, WNBA, , Washington University, Farm, CNN, LSU, NBA, Iowa Hawkeyes women’s, Iowa, Michigan Wolverines, Ohio State, Fox Sports, Women Locations: New York, Iowa, St ., Iowa City, StubHub, Lincoln
BI verified the Schlagbaums' net worth by looking at account screenshots and a copy of their personal balance sheet. The Schlagbaums max out their HSA but don't touch the money so it can grow and compound over time. After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. While they technically can use their HSA funds for medical costs, they opt not to touch that money so it can grow. Like the Schlagbaums, the Keyses could use their HSA funds for their medical costs, but they prefer to pay out of pocket with their cash flow so their HSA funds can remain untouched.
Persons: , Brennan Schlagbaum, Erin, Brennan, Erin Schlagbaum, HSAs, It's, Schlagbaum, Lauren, Steven Keys, I'm Organizations: Service, Business, Medicare
Growing up in New York as the eighth of nine kids, my immigrant parents had big homeowner dreams for me. Over the course of a decade, we bought and sold three properties: our first home, a four-bedroom house, and a two-bedroom condo. Here's why I'm so much happier now and don't regret leaving homeownership behind. At my rental, I can easily stroll to restaurants and parks, and I'm a five-minute drive to theaters, museums and galleries. I'm glad we didn't settle for something we didn't like as much, just to say we're homeowners.
Persons: We've Locations: New York, Charlotte , North Carolina, Charlotte
DINKs are proudly emerging as an aspirational class for young people — and they're ready to live it up. So when she set up her dating profile, Johnson included in her bio that she didn't want to have kids of her own. Amy Blackstone, the author of the 2019 book " Childfree by Choice ," said that the financial gap between DINKs and couples with kids wasn't solely because of the choice about children. DINKs, GINKs, " rich aunties ," and DINKWADs — DINKs with a dog — have become aspirational identities for younger generations. There are the DINKs who can seize the American dream and the parents who are struggling to stay afloat in a country without guaranteed paid leave or affordable childcare .
Persons: Elizabeth Johnson, Johnson, DINK, DINKs, they've, there's, Amy Blackstone, it's, Alex Killingsworth, Killingsworth, Marcia Drut, Davis, Drut, Blackstone, she'd, Gen Z, That's, X didn't, Zachary P, Neal, Jennifer Watling Neal, millennials —, I've, Marcia, she's Organizations: of, Johnsons, Minneapolis townhome, Federal, Consumer Finances, Broadway Locations: Florida, Swiss, Hawaii, Oregon, Canada, Alaska, Dominican Republic, of America, Minneapolis, Texas, New York, Michigan, Drut
Filing your taxes early means you have more time to make last-minute retirement account contributions. Finishing your taxes early also gives you time to plan ahead for next year. But as a financial planner, I always recommend getting them done as early as possible. Even if you're not a freelancer, filing early can ensure you get your return early or have more time to pay your bill. Plus, evaluating my latest tax return early gives me a game plan for next year's liability.
Persons: , I've, Uncle Sam, You'll, That's Organizations: Service, IRS
Read previewHealth insurance giant Cigna is exiting the lucrative senior business that's been a boon to insurers' bottom lines for years. It's a sign that the glory days of Medicare Advantage might be coming to an end. Cigna's senior business isn't the biggest, but it's also nothing to sneeze at. In January, Humana, the second-largest Medicare Advantage insurer with 6 million members, slashed its profit projections because of these costs. AdvertisementIn late 2023, rumors swirled that Cigna was looking to sell its Medicare Advantage plans so it could pull off a merger with Humana—the second-largest Medicare Advantage insurer.
Persons: , that's, Cigna, it's, It's, David Cordani, Cordani, Gary Taylor, Cowen, Taylor, Dean Ungar, Humana, Ungar Organizations: Service, Health Care Service Corp, Medicare, Business, Kaiser Family Foundation, Competition, Humana, Moody's Investors Service Locations: Illinois
Researchers found that measures of his heart health, muscle mass, and overall fitness were more comparable to a healthy 30- or 40-year-old than a nonagenarian. Here are the six factors found in the case study that may have helped him to be fit and healthy in his 90s. That's almost perfectly aligned with what doctors and exercise scientists recommend for cardio training to improve longevity, endurance, and all-around performance. Get enough proteinThe case study researchers that in addition to exercising regularly, Morgan also had a high-protein diet, eating about a gram of protein per pound of his body weight each day. Physical changes related to diet and exercise take time, whether that's building muscle, burning fat, or improving your health.
Persons: , Richard Morgan, Morgan, Morgan Busko, It's, Jamie Grill, Morgan didn't Organizations: Service, Business, Washington Post Locations: Ireland
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLifting weights is great for your health — but a wrong move can put too much stress on your joints instead of your muscles, leaving you with pain instead of gains. Proper form can help you lift more effectively and avoid the most common gym injuries, according to a physical therapist. Many people struggle with a lack of ankle mobility in the squat, setting them up for inefficient form, Simeonovski said. For example, when bench pressing, aim to keep the elbows around a 45-degree angle instead of directly out to the side in a T shape to correctly engage the chest muscles instead of stressing out the shoulder joint.
Persons: , Andrey Simeonovski, Simeonovski, they're, it's Organizations: Service, Business
The agency signed off on 11 bitcoin ETF applications, including funds from BlackRock , Fidelity, Ark Invest, WisdomTree and Grayscale. But there are things to consider before rushing to purchase bitcoin ETFs. 'Better than anything else on the market'While bitcoin carries risk, if you want to add exposure, experts say the new bitcoin ETFs could be worth considering compared to owning bitcoin directly or bitcoin futures ETFs. "These spot bitcoin ETFs are better than anything else on the market," said Armour, referring to other bitcoin investing options. The Grayscale Bitcoin Trust (GBTC) charged 2.0% before converting to a spot bitcoin ETF, and now has fees of 1.5%.
Persons: Bryan Armour, Armour, I'm, Ivory Johnson, Gary Gensler Organizations: . Securities, Exchange Commission, Fidelity, Ark Invest, North America, Morningstar, SEC, Delancey Wealth Management, CNBC's Locations: U.S, BlackRock, bitcoin, Washington ,
If you're itching to save more for retirement, there are higher 401(k) contribution limits for 2024. But there are a few things to consider before maxing out your plan, experts say. For 2024, you can defer up to $23,000 into 401(k) plans, up from $22,500 in 2023, with an extra $7,500 for savers age 50 and older. Some higher earners can funnel even more into their 401(k), depending on plan rules. By comparison, after-tax Roth 401(k) contributions allow assets to grow tax-free, without reducing current-year taxes.
Persons: deferrals, Roth, Douglas Boneparth Organizations: Vanguard, Finance, Bone, CNBC's Locations: New York
The newest offshoot of the looksmaxxing subcuture is smellmaxxing, which involves mostly men trying to improve their smell with different colognes among other hygiene tips. "Megamind caught smellmaxxing," on-screen text said in a TikTok from December, which amassed over 3.5 million views. Other creators have jumped on the trend with jokes: One urged others to "start smellmaxxing bro" while shooting cologne mists into the night sky. On another popular video tagged #smellmaxxing, a poster showed their massive cologne collection: "Once you start.. you can't stop," they wrote on-screen. "When you took scentmaxxing too far," @lordoffragrances wrote on-screen with a skull emoji.
Persons: , Megamind, John Paul Gaultier cologne, smellmaxxing, Therabreath, bro, Jeremy, @lordoffragrances, looksmaxxing Organizations: Service, Business Locations: cologne
Many of these "super savers" and "pre super savers" drive older cars and live in modest homes. Nearly 60% also say they work with a financial advisor, or plan to in the future. More than 40% of the super savers and pre super savers said they drive older vehicles, live in a modest home, travel less than they prefer, and do DIY projects instead of hiring outside help. Forty-one percent of super savers and 42% of pre super savers say they work with a financial advisor, while 21% and 20%, respectively, say they plan to in the future. Datalign Advisory makes finding a financial advisor specific to your needs easier than ever.
Persons: , Get Organizations: Service, SEC, Northwestern Mutual
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