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☆ Denmark’s Victoria Kjær Theilvig wins Miss Universe 2024
▼ + stars: | 2024-11-16 | by ( Jessie Yeung | Oscar Holland | ) edition.cnn.com time to read: +4 min

CNN —Victoria Kjær Theilvig of Denmark has been crowned Miss Universe 2024, becoming the first Dane to ever win the competition. This year’s finale featured a performance by singer Robin Thicke and was hosted by “Saved by the Bell” star Mario Lopez and former Miss Universe Olivia Culpo. Theilvig participates in the Miss Universe competition at Arena Ciudad de Mexico in Mexico City on November 16, 2024. Hector Vivas/Getty ImagesDelegates for each country were selected via local pageants that license local rights from the Miss Universe Organization. This year’s contest saw Cuba, represented by Marianela Ancheta, take part in Miss Universe for the first time since 1967.

Persons: Victoria Kjær Theilvig, Dane, Sheynnis Palacios, Robin Thicke, Mario Lopez, Olivia Culpo, Theilvig, “, ”, Chidimma, Maria Fernanda Beltran, Suchata, Ileana Marquez Pedroza, Malta’s Beatrice Njoya, —, Hector Vivas, Marianela Ancheta, Adetshina, Karen Celebertti, Palacios Organizations: CNN, Victoria, Miss, Bell, Miss Universe’s, Miss Universe Organization, Arena Ciudad de, Getty, Miss Universe, United Arab Locations: Denmark, Mexico City, Sheynnis Palacios of Nicaragua, Nigeria, Mexico, Thailand, Venezuela, Arena Ciudad de Mexico, Cuba, Belarus, Eritrea, United Arab Emirates, Saudi Arabia, Miss Universe South Africa, Miss Universe Nicaragua, Nicaraguan

☆ Roth conversions are up in 2024 — but it's not always a 'slam dunk,' accountant says
▼ + stars: | 2024-05-28 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Roth individual retirement account conversions are up in 2024 — but there are key things to know before converting funds, experts say. There was a 44% year-over-year increase in the number of Roth conversions during the first quarter of 2024, according to data from Fidelity Investments. Roth conversions transfer pretax or nondeductible individual retirement account funds to a Roth IRA, which provides future tax-free growth. However, "it isn't a slam dunk for everyone" because it takes time for tax-free growth to exceed your upfront tax bill, said Marianela Collado, a certified financial planner and CEO of Tobias Financial Advisors in Plantation, Florida. Here’s how much you can saveInvestors need "sufficient assets" outside of retirement accounts to cover the upfront tax bill, warned Collado, who is also a certified public accountant.

Persons: Roth, Marianela Collado, Collado, You'll Organizations: Fidelity Investments, Roth IRA, Financial, Finance, Medicare Locations: Plantation , Florida

☆ Retirement prospects for women can be ‘pretty bleak,’ expert says — but there are ways to prepare
▼ + stars: | 2024-03-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

About 50% of women ages 55 to 66 have no personal retirement savings, a higher share than men (47%), according to U.S. Census Bureau data. Those who do have retirement savings are less likely to have $100,000 or more (22% vs. 30%). "The picture is pretty bleak for women" who don't save enough for retirement, Cindy Hounsell, founder and president of the Women's Institute for a Secure Retirement, said Tuesday at CNBC's Women & Wealth event. watch nowThey may become burdens on their children if they have kids who can offer financial support, she said at the Women & Wealth event. Compounding the problem: Caregiving, especially for a spouse, has a "more detrimental economic impact" on women, according to the National Institute on Retirement Security.

Persons: Momo, Cindy Hounsell, Marianela Collado, Collado Organizations: Stone, Getty, Census, Women's Institute, CNBC's, Pew Research, Security, Financial, National Institute on Retirement Security Locations: U.S, Plantation , Florida

☆ Bolivia severs ties with Israel over war in the Gaza Strip, as Columbia and Chile recall ambassadors
▼ + stars: | 2023-11-01 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

- Leftist economist Luis Arce assumed the Bolivian presidency facing the challenge of uniting a polarized society and reactivating an economy ravaged by the coronavirus pandemic. Bolivia on Tuesday announced it has cut off diplomatic ties with Israel as a result of the civilian deaths caused by its war in the Gaza Strip, while Chile and Colombia have recalled their ambassadors to the Middle Eastern country for consultations. The Bolivian decision took place after a Monday meeting with the Palestinian ambassador to the South American country, said Maria Nela Prada, minister of the Bolivian presidency, in an update. "The government of Bolivia's decision to cut diplomatic ties with Israel is a surrender to terrorism and to the Ayatollah's regime in Iran," Israel's Foreign Ministry said in a statement. It added, "In any case, since the change of government in Bolivia, relations between the countries have been devoid of content."

Persons: Luis Arce's, Marianela Prada, Luis Arce, AIZAR RALDES, Maria Nela Prada Organizations: Casa, Bolivian, Getty Images, Tuesday, CNBC Locations: del Pueblo, La Paz, AFP, Israel, Gaza, Bolivia, Chile, Colombia, Palestinian, American, Iran, Bolivian

It's worth being aware of those financial effects, experts say, because caregiving is an important touchstone in Latino culture. Latino caregivers have high financial strainFamily caregivers spend on average 26% of their annual income on caregiving activities, according to a 2021 report by AARP. The organization calls that measure "financial strain," and bases it on the caregiving expenses relative to a caregiver's annual income. Compared to other races and ethnicities, Hispanic and Latino caregivers have the highest financial strain, AARP found, with caregiving expenses that account for 47% of annual income. Explore claiming your family member as a dependentThere can be financial advantages to claiming a family member you are caring for as a dependent on your tax returns.

Persons: Jose Luis Pelaez, —, Lea, It's, it's, Marianela, Collado, Roberto, Amanda Corral, Roberto Corral Organizations: Inc, Getty, CFP Louis Barajas, International Private Wealth, AARP, Latina, U.S, CNBC FA, Financial, caregiving, Medicaid Locations: , Florida, Irvine , California, U.S, Mexico, Canada, Barajas, Amanda Corral of California, California

dowell | Moment | Getty ImagesIf you're sitting on profitable assets, there's a lesser-known tax-gain harvesting strategy, which can help rebalance your portfolio or trim future taxes. While tax-loss harvesting can be popular during a stock market downturn, tax-gain harvesting — or strategically selling appreciated brokerage account assets — can also be beneficial, depending on your financial goals, experts say. One of the key opportunities for tax-gain harvesting is for investors who fall into the 0% capital gains bracket, which applies to long-term capital gains, or assets owned for more than one year. The 0% bracket allows you to sell a certain amount of profitable assets without triggering capital gains taxes, which provides a chance to take the proceeds or rebalance your portfolio, according to Brown. While the so-called wash sale rule blocks investors from claiming a tax benefit after selling a losing asset and repurchasing within 30 days, the law doesn't apply when harvesting gains, Collado said.

Persons: dowell, Judy Brown, Brown, Marianela Collado, Collado Organizations: SC, H, D.C, Financial, CPA Locations: Washington, Baltimore, Plantation , Florida

[1/6] An Aedes aegypti mosquito is seen under a magnifying glass at the CNEA (National Atomic Energy Commission), in Ezeiza, in the outskirts of Buenos Aires, Argentina April 12, 2023. REUTERS/Agustin Marcarian TPX IMAGES OF THE DAYBUENOS AIRES, April 17 (Reuters) - Argentine, fighting one of its worst outbreaks of dengue in recent years, is sterilizing mosquitoes using radiation that alters their DNA before releasing them into the wild. Their population keeps on moving further south," said National Atomic Energy Commission (CNEA) biologist Marianela Garcia Alba. They expect to release the first batch of sterilized males in November. Similar techniques to sterilize pests using the same radiation found in X-rays have been utilised for decades, helping global efforts to control diseases such as chikungunya, dengue and Zika.

☆ Missing tax forms will 'definitely' delay your refund, expert warns. How to know which ones you need
▼ + stars: | 2023-03-02 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

One way to avoid possible issues is by getting organized with the necessary tax forms, known as information returns, sent to the IRS and taxpayers yearly. Here's why: If you skip tax forms received by the agency, the IRS systems may flag your return and mail you a notice, she explained. Whether you're working with a tax professional or filing on your own, here's what to know about your tax forms — and when to expect them. Regardless of your situation, it's important to have all the necessary forms handy before filing your return, Loyd said. watch nowMake a checklist with last year's returnIf you're not sure which tax forms to expect, experts say last year's tax return is a great starting point.

The survey also shows that most credit card users are charging everyday expenses to pay for things they can no longer afford due to inflation. Instead, put yourself in the good graces of your credit card, utility, or mortgage company by reaching out proactively, she says. Consolidate your credit cards into one personal loanCollado also recommends taking out a personal loan to consolidate your credit card bills. When you carry a balance from month-to-month, it can be difficult to get out of credit card debt. A credit card that offers a 0% introductory APR can help you pay off your debt faster if you're carrying a credit card balance.

Under a Biden administration plan, married couples filing taxes separately could get student-loan payments eliminated altogether. When filing separately, you can use your lower AGI to get lower monthly payments. Married couples could lower their monthly payments even more by filing their taxes separately, Hornsby says. Use this equation to calculate your new monthly student-loan paymentsHere's an equation you can use to estimate your new monthly student-loan payments, factoring in the new proposed IDR regulations. When filing separately, married people are no longer eligible to claim the $2,500 student-loan interest tax deduction.

☆ Tax filing season has kicked off. Here's how to get a faster refund
▼ + stars: | 2023-01-24 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Drakula & Co. | Moment | Getty ImagesHow soon to expect a tax refund after filing your returnTypically, you will receive a refund within 21 days if you've filed an accurate, electronic return with direct deposit for the payment, according to the IRS. The timeline changes if you're claiming the earned income tax credit — a tax break for low- to moderate-income workers — or the additional child tax credit. While your finances may change from year to year, your 2021 tax return may provide a rough guideline of what to expect, she said. "Filing an accurate tax return can help taxpayers avoid delays or later IRS notices," the agency said in a recent news release. Always double-check your tax return

☆ These are the key tax forms you need to file your return — and when to expect them
▼ + stars: | 2023-01-24 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

pcess609If you're expecting a refund this season, it's critical to file a complete and accurate tax return to avoid "extensive processing" and delays, according to the IRS. Whether you're working with a tax professional or filing on your own, here's what to know about your tax forms — and when to expect them. When to expect your tax formsWhile most tax forms have a Jan. 31 deadline, others aren't due until mid-February or beyond, said certified financial planner John Loyd, owner at The Wealth Planner in Fort Worth, Texas. Regardless of your situation, it's important to have all the necessary forms handy before filing your return, Loyd said. Review last year's return 'page-by-page'If you're not sure which tax forms to expect, experts say last year's tax return is a great starting point.

☆ All-female team replaces Juan Guaidó as face of Venezuela opposition
▼ + stars: | 2023-01-06 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

CARACAS, Venezuela — Venezuela’s opposition has selected an all-female team of mostly unknown exiled former lawmakers to replace the beleaguered Juan Guaidó as the face of its faltering efforts to remove socialist President Nicolas Maduro. Meanwhile, Maduro’s supporters seemed to be relishing the opposition’s squabbles. At Thursday’s session inaugurating the legislative year, loyalist lawmakers re-elected Jorge Rodriguez to lead the National Assembly. U.S. State Department spokesman Ned Price said Tuesday that the U.S. stands ready to work with any individual, or collective body, chosen by the 2015 National Assembly to represent it. We support the 2015 National Assembly as the only remaining vestige of democracy in Venezuela.”

REUTERS/Leonardo Fernandez ViloriaCARACAS, Jan 5 (Reuters) - Venezuela's opposition national assembly on Thursday appointed three exiled lawmakers to direct it and create a commission to control foreign assets, including oil refiner Citgo (PDVSAC.UL). The assembly voted last week to remove Juan Guaido, the public face of the fractious opposition since 2019, as its interim president. The new leadership triumvirate is assembly president Dinorah Figuera and vice-presidents Marianela Fernandez and Auristela Vasquez - from opposition parties Justice First, A New Era and Democratic Action respectively. The new leadership will designate a five-member commission to manage foreign assets like Citgo, a subsidiary of state-owned oil company PDVSA. Because of its backing abroad, the opposition is able to control foreign assets based in other countries, like $1 billion in gold stored at the Bank of England.

☆ This 'wild card' strategy can help retirees with unpaid quarterly taxes before year-end
▼ + stars: | 2022-12-20 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you're retired and skipped your 2022 tax payments, you can still avoid late penalties with an under-the-radar year-end strategy, experts say. Since taxes are due as you receive income, you must withhold levies from earnings or pay quarterly estimated tax payments. You may owe quarterly taxes if you didn't withhold enough from Social Security, pensions or other income. But if you missed paying quarterly taxes, you can correct that mistake through your year-end required minimum distribution, or RMD, which currently begins at age 72. More from Personal Finance:There's still time to reduce your 2022 tax bill with these last-minute moves21% of investors don't think they pay fees.

☆ Here are some things to think about before deciding to retire in another state
▼ + stars: | 2022-12-09 | by ( Deborah Nason | ) www.cnbc.com time to read: +4 min

This may include health care, health insurance, rent, home prices, home insurance (especially in a place like Florida), property taxes, transportation costs, etc. Income taxes: It can really impact long-term retirement projections when you move from a state without income taxes to one with state levies on earnings. It can really impact long-term retirement projections when you move from a state without income taxes to one with state levies on earnings. Estate taxes: Many states have much lower estate-tax exemptions than the federal government, which could result in a state estate tax applying to heirs. "Both private health insurance for younger retirees and Medicare Advantage plans have specific service areas," he said.

☆ $2 billion Powerball jackpot winner: The 3 smartest moves to make first—and 1 thing to avoid
▼ + stars: | 2022-11-09 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

In fact, lottery winners are more likely to declare bankruptcy within three to five years than the average American, according to 2011 academic study. Get professional financial adviceHire a financial team consisting of a fiduciary financial planner, estate planning attorney and accountant "at a minimum," says Brady. A fiduciary financial planner can be found on the National Association of Personal Financial Advisors's website, Collado says. These tips can help people find a financial planner that's a good fit for their needs. But everyone's situation is different, which is why consulting a financial planner is a good first step.

The strategy, which transfers pre-tax IRA funds to a Roth IRA for future tax-free growth, may pay off when the market drops because you can buy more shares for the same dollar amount. Here are three of the biggest Roth conversion errors — and the best ways to avoid them. You'll need to compare the break-even point of the upfront levy on pre-tax contributions and earnings to future tax-free growth, she said. But even if the tax-free growth won't exceed the upfront costs during your lifetime, a Roth conversion can still be used as a "wealth transfer tool," Collado said. Of course, this assumes there are heirs to enjoy the future tax savings.

☆ This 'wild card' strategy offers retirees a fix for unpaid quarterly taxes. Here's how to use it
▼ + stars: | 2022-10-03 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you're retired and haven't made the necessary quarterly estimated tax payments for 2022, there may still be time to avoid late penalties, experts say. Retirees must send tax payments four times per year if they don't withhold enough from Social Security, pensions, investments or other sources of income. However, for certain retirees, there's a chance to correct missed payments through required minimum distributions, or RMDs, paid annually at age 72. If you estimated you still owed $5,000 in taxes to meet quarterly estimated tax obligations, you could opt to withhold that amount, remit it to the IRS and receive the remaining $70,000 withdrawal. "People don't know this, but you could have a 100% withholding" by sending the entire RMD to the IRS, Collado said.

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