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☆ The typical new home in the U.S. is shrinking. Here's what that means for buyers
▼ + stars: | 2024-06-25 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Homebuyers are expressing a desire for smaller homes, whether as a compromise given high prices or because they simply want a smaller space, experts say. The typical buyer today wants a 2,067-square-foot home, according to the NAHB's 2024 What Home Buyers Really Want study. "They may not need 2,000 square feet or even want that for themselves," she said. About 28% of polled buyers recently purchased a home between the sizes of 1,501 to 2,000 square feet; while 26%, purchased a home between 2,001 to 2,500 square feet, according to the NAR's 2024 Home Buyers and Sellers Generational Trends Report. How zoning influences home sizesAbout 38% of builders say they built smaller homes in 2023 and 26% plan to build even smaller homes this year, according to NAHB.

Persons: Robert Dietz, Jessica Lautz, Dietz, NAHB Organizations: NAHB, National Association of Realtors Locations: Thana, U.S

☆ Don't believe these money misconceptions: 3 things to know that can help improve your finances
▼ + stars: | 2024-04-25 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +4 min

Part of the problem: People continue to believe common misconceptions about managing and investing their money. When it comes to your retirement savings, target-date funds can be another smart option. Young couple managing finance and investment online, analyzing stock market trades with mobile app on laptop and smartphone. "People feel like, I can get a higher return with no risk … but basically, a higher return is always a reward for higher risk." There's almost no risk to money in federally insured deposit accounts, unlike investments that are subject to the daily changes in the stock, which can result in much higher risk.

Persons: Witthaya, Annamaria Lusardi, Paul Yakoboski, Young, Lusardi, There's Organizations: TIAA, Global Financial, Stanford Institute for Economic Policy Research, TIAA Institute, Target, CNBC, Financial Wellness, Board Locations: U.S

☆ Your home sale may leave you in a tax shock. Here's how to reduce your capital gains tax bill
▼ + stars: | 2024-02-24 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Those gains could trigger a tax bill this season, depending on the size of the windfall, experts say. In 2023, home sellers made a $121,000 profit on the typical median-priced single-family home, according to ATTOM, a nationwide property database. Still, "the tax laws were written to encourage homeownership," and many sellers qualify for a tax break, Ringbauer said. Single homeowners can shield up to $250,000 of home sales profit from capital gains taxes and married couples filing jointly can exclude up to $500,000, provided they meet IRS eligibility. Who qualifies for the capital gains exemptionsThere are strict rules to qualify for the $250,000 or $500,000 capital gains exclusions, Ringbauer warned.

Persons: Witthaya, Miklos Ringbauer, Ringbauer, you've, There's, Assunta McLane Organizations: Summit Place Financial Locations: Los Angeles, Summit , New Jersey

☆ This simple calculation will show if you’re withholding enough taxes from your paycheck
▼ + stars: | 2024-02-07 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Witthaya Prasongsin | Moment | Getty ImagesIf your tax refund or bill is bigger than expected, it could be time to adjust your paycheck withholding — and a simple calculation could help, experts say. How paycheck withholdings workWhen you start a new job, you fill out Form W-4, which tells employers how much to withhold from each paycheck for federal income taxes. You calculate your effective tax rate by dividing your total tax (line 24) by taxable income (line 15). If your 2024 earnings are similar to 2023, you'll want your federal paycheck withholdings at roughly last year's effective tax rate, Loyd said. For example, if your gross paycheck is $1,000 and last year's effective tax rate was 12%, you'll want about $120 withheld in federal taxes, he said.

Persons: Witthaya, John Loyd, JoAnn May, —, Loyd, you'll Organizations: Forest Asset Management Locations: Fort Worth , Texas, Berwyn , Illinois

☆ Iron deficiency could be making millions of Americans tired. 5 foods high in iron, from meat to produce, could help fix it.
▼ + stars: | 2023-11-27 | by ( Kate Hull | ) www.businessinsider.com time to read: +5 min

Alexander Spatari/ Getty ImagesIron comes in two different forms: heme iron and nonheme iron. Animal products contain heme iron, which comes from hemoglobin — a protein responsible for transporting oxygen in blood. Roughly 25 to 30 percent of heme iron is absorbed by your body, according to a 2019 study . However, these foods contain nonheme iron — a type of iron that is not as readily absorbed by the body. Witthaya Prasongsin/ Getty ImagesWhite beans are a good source of nonheme iron: A 1-cup serving of canned white beans contains 8 mg of nonheme iron .

Persons: —, Alexander Spatari, Prasongsin, it's Organizations: Service, American Society of Hematology, National Institutes of Health, Consumer

☆ Own it, don't trade it or book profits on a big winner? Cramer's Monthly Meeting advice is clear
▼ + stars: | 2023-06-15 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Even as I say, "own it, don't trade it," if it becomes too big, or if the story changes, then we have to sell some. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: We've, you've, haven't, Palo, Jim Cramer's, Jim Cramer, Jim Organizations: Treasury, Federal Reserve, Nasdaq, Dow Jones, Nvidia, Palo Alto Networks, Jim Cramer's Charitable, CNBC Locations: Palo, Thana

☆ Are gas-powered or electric vehicles a better deal? EVs may win out in long run, experts say
▼ + stars: | 2023-04-23 | by ( Greg Iacurci | ) www.cnbc.com time to read: +10 min

They would pay about $84,000 total, versus $87,000 for the gas car, Woody said. Thirty-five percent of Americans say reducing their personal impact on climate change is a major reason they would buy an electric car — the No. Ingrid Malmgren policy director of Plug In AmericaSince they don't burn fossil fuels, fully electric cars don't emit planet-warming greenhouse gases from their tailpipes. "Electric vehicles are the key technology to decarbonize road transport," the International Energy Agency said. Such a vehicle costs consumers 45.3 cents per mile over a 15-year ownership period, beaten out only by hybrid electric vehicles, according to Argonne.

☆ Why moving in retirement can earn you an extra $100,000 — or more
▼ + stars: | 2023-03-07 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Getty ImagesMoving in retirement can unlock a big pot of money to help fund those post-work years. The typical person at the top 10th percentile made even more money — $347,000 — by using the "retire and relocate" strategy, Vanguard found. A quarter of all U.S. retirees have "the potential to shore up their retirement funding" by moving to a cheaper market, the report estimates. watch nowThis isn't necessarily a strategy Americans should use as the linchpin of their retirement savings strategy, however. "[However], if you're thinking of moving from a major metro area in one state to another, and your housing costs will be half, in general that's not going to be the case," Jenkin said.

☆ Matthew McConaughey's Salesforce gig
▼ + stars: | 2023-03-04 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

Hallam Bullock here, reporting from London — and yes, Matthew McConaughey is on my mind. Salesforce has reportedly been paying McConaughey $10 million a year to act as a "creative adviser." Robyn Phelps/InsiderProgrammers are thrilled about AI tools like ChatGPT. Read why programmers are pumped about the rise of AI tools. Larry Lundstrom spends about 40 to 60 hours a week as a pastor, but on the side, he uses AI tools like ChatGPT to make pitch decks for businesses.

☆ ESG will be a heavy focus for tech leaders in 2023
▼ + stars: | 2023-01-04 | by ( Bob Violino | ) www.cnbc.com time to read: +5 min

Reducing the carbon footprint of IT operationsThere are a number of drivers moving ESG forward. One area of focus will be the need for reporting on ESG progress, as required by regulations. Nearly half of the respondents said their organization could not accurately report its carbon footprint. Efforts appear to be underway to enhance ESG reporting strategies. By 2024, IDC said, 75% of large enterprises will implement ESG data management and reporting software as a response to emerging legislation and increased stakeholder expectations.

☆ Creator economy insiders share the 5 trends that could change the industry in 2023, from a flood of Gen X and millennial creators to a startup reckoning
▼ + stars: | 2022-12-21 | by ( Amanda Perelli | Sydney Bradley | Marta Biino | ) www.businessinsider.com time to read: +10 min

Insider asked creator economy industry professionals to share their predictions for 2023. We spoke with investors, influencer marketers, and industry experts, who shared their best predictions for the creator economy in 2023. Live shopping could finally have its moment in the USIndustry insiders may have been premature in declaring 2022 the year of social and live shopping. Some creator economy startups might close their doorsThis past year, layoffs have been rampant in the creator economy, as companies like Patreon and Jellysmack reacted to the economic slowdown by letting employees go. "Venture capitalists think this isn't the time to be betting on the creator economy, so the next nine months will be really tough."

Leopatrizi | E+ | Getty ImagesAs part of President Joe Biden's historic student loan forgiveness plan, up to 8 million people could get automatic debt relief, according to the White House. Those who will get automatic loan cancellation are those for whom the U.S. Department of Education already has income data on file and can therefore verify eligibility without waiting for an application. Who qualifies for the automatic loan cancellation? Review your recent tax returns to confirm your income fell below those thresholds in 2020 or 2021 (either will work). The Education Department will be considering people's so-called adjusted gross income, or AGI, which may be different than your gross salary.

☆ 56% of Americans think the U.S. is already in a recession. These 4 steps can help protect your finances in a downturn
▼ + stars: | 2022-09-23 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

There are steps you can take now to ward off any negative impact a downturn could have on your finances. "This can help weather the storm without having to tap into retirement assets or using high interest rate credit cards or loans," Wallace said. Paying down credit cards generally comes after establishing an emergency fund, due to the relief extra cash can bring in a downturn, Wallace said. The Federal Reserve's continued interest rate hikes will push the cost of unpaid balances even higher. Even asking your current credit card company for a lower interest rate may work.

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