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Get the most out of these tax-favored accounts in 2025
  + stars: | 2024-11-20 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +4 min
Benefits enrollment season is here, and with it comes an opportunity for workers to tune up their workplace savings plans and sock away more money on a tax-favored basis. Traditional tax-deferred accounts, like 401(k) plans and individual retirement accounts, are just the beginning for savers. As tempting as it may be for savers to plow money into HSAs and other tax-favored accounts, they'll need to draw up a strategy before they do so. They can also earmark additional funds toward 529 college savings plans and taxable brokerage accounts. In a tax-deferred account, investors won't be on the hook for the tax bill until they begin drawing down from it.
Persons: Marguerita Cheng, Cheng Organizations: Devenir, Blue, Global Wealth, UBS, Chief Investment Locations: Gaithersburg , Maryland
Police in Australia charged former radio show host Alan Jones with 24 assault and sexual touching offences on Monday, indictments that followed accusations in a newspaper that Jones had assaulted young men for decades. Police allege the offences took place between 2001 and 2019 against 8 victims, some of whom Jones knew professionally or personally. He denied the assault allegations made against him last year by the Sydney Morning Herald newspaper. Jones had hosted radio shows for decades and anchored the popular Sydney breakfast show on radio station 2GB for about 18 years until 2020. After leaving 2GB, he worked at a digital start-up, but had been off the air since the Sydney Morning Herald allegations were made.
Persons: Alan Jones, Jones, Michael Fitzgerald, Scott Morrison, Jacinda Organizations: Police, New South Wales police, Reuters, Sydney Morning Herald, . Police, New Zealand, Wallabies national rugby union Locations: Australia, Sydney, New South Wales, New, Britain, Ireland
Sydney, Australia Reuters —Australian police on Monday charged former radio show host Alan Jones with 24 assault and sexual touching offenses, indictments that followed accusations in a newspaper that Jones had assaulted young men for decades. Police allege the offenses took place between 2001 and 2019 against 8 victims, some of whom Jones knew professionally or personally. He denied the assault allegations made against him last year by the Sydney Morning Herald newspaper. A well-known conservative “shock jock,” listeners knew Jones for his sharp questions and equally sharp tongue. After leaving 2GB, he worked at a digital start-up, but had been off the air since the Sydney Morning Herald allegations were made.
Persons: Alan Jones, Jones, Michael Fitzgerald, Scott Morrison, Jacinda Organizations: Australia Reuters — Australian, Police, New South Wales police, Reuters, Sydney Morning Herald, . Police, New Zealand Locations: Sydney, Australia, New South Wales, New
CNN —It is no secret that American men’s tennis has been lacking a superstar for years. “I’ve had a really great year,” Fritz said in an interview with CNN Sport. Clive Brunskill/Getty ImagesDespite his strong year, Fritz is reluctant to see himself as the figure at the forefront of American men’s tennis. Riddle has become a fixture at grand slam events in recent years, supporting Fritz at major tournaments around the world. It’s just literally a couple matches here and there, one tournament where it kind of clicks.”Morgan Riddle cheers boyfriend Taylor Fritz during the US Open.
Persons: John Isner, Jack Sock, Sam Querrey –, Andy Roddick, Pete Sampras, Andre Agassi, Taylor Fritz, “ I’ve, ” Fritz, Fritz, Daniil Medvedev, Jannik Sinner, Clive Brunskill, I’ve, , It’s, I’m, influencer Morgan Riddle, Riddle, Casper Ruud, Roland Garros, Tommy Paul, Ruud, Alexander Zverev, Frances Tiafoe, , ” Morgan Riddle, Jean Catuffe, Nadal, , – Fritz, “ There’s, Rafa, Federer, Djokovic, Carlos Alcaraz Organizations: CNN, Olympics, CNN Sport, ATP, New York Times, tennis, Netflix, Indian, Australian, Wimbledon, Paris, American, Davis Locations: American, Turin, Italy
CNN —Jimmy Chin has done many memorable things in his time, but the adventure athlete and Oscar-winning filmmaker is still more used to documenting big stories than becoming the story itself. (credit: Jimmy Chin) Jimmy Chin/National Geographic/PA Media“It was like finding a needle in a thousand haystacks,” Chin added. They, along with Natalie Hewit, directed “Endurance,” a thrilling retelling of the discovery of the lost ship Endurance. CNN: Why do you think Shackleton remains such an enduring figure of fascination and inspiration? Chin: I think there’s some consensus that this is one of the greatest stories of survival ever told.
Persons: Jimmy Chin, , Elizabeth Chai Vasarhelyi, Chin, George Mallory, Andrew “ Sandy ” Irvine, Edmund Hillary, Tenzing Norgay, , ‘ A.C, ’ ”, ” Chin, Vasarhelyi, Natalie Hewit, Ernest Shackleton, Frank Hurley, Shackleton, it’s, that’s, Hurley, they’ve, we’ve, Jimmy –, they’re, Jimmy, Doug, Kris Tompkins, Alex Honnold, I’ve, Alex, He’s Organizations: CNN, British, Endurance, British Film Institute, Geographic, Disney Locations: Mallory’s, Irvine, Everest, Weddell, Lansing, Dominican Republic, Shackleton, Chile, Patagonia
The modern 40 means having toddlers running around, buying your first home, and, at last, catching up on retirement savings. "By the time you're 40, 45, you can't sing, and you can't play guitar; maybe it's time to give up on your aspirations of being a rock star." At work, you realize you're protected from age discrimination, which you feel like you're still much too young for. When we're young, we're happy — and then that declines, bottoming out in middle age, about 40 to 50. The question isn't just whether my 40 will look like my parents' 40 — it's also whether it will look like the 40 of everyone from my high school.
Persons: you've, touchpoints, Carol Graham, they're, Hannes Schwandt, Millennials, they'd, that's, Jean Twenge, Gen X, Silents, Graham, Justin Balik, it's, Oz, Kelly, She's, , It's, They're, We're, Instagram, Gen Zers, Lindsey Anderson, Anderson, midlife, Gen, Emily Stewart Organizations: AARP, Brookings Institution, grays, Northwestern University, Facebook, University of Maryland, Business Locations: midlife, Schwandt, New Jersey, Massachusetts, I'm
Balance is important for injury prevention, and those who are unable to balance on one leg for more than five seconds could be at risk of falling more, Kaufman said. If someone is unable to stand on one leg for more than five seconds, Kaufman recommends making an appointment with a physician. “If we practice standing on one leg, we’ll get better at standing on one leg. That’s great but it’s not going to solve all balance problems and fall risk that happen with aging. … People should work on all aspects of balance — static, dynamic and overall strength, including but not limited to standing on one leg.”To improve your balance, Lubetzky recommends fitness or balance classes, such as yoga classes, that usually aim for about 30 or 60 seconds of balance on each leg.
Persons: CNN —, , , Kenton Kaufman, Hall Wendel Jr, Kaufman, ” Kaufman, Anat Lubetzky, Lubetzky, ” Lubetzky, we’ll, it’s Organizations: CNN’s, CNN, Mayo Clinic, , New York University Locations: Rochester , Minnesota
He had a $1.5 million life insurance policy, which my mom used as leverage to get a loan for his care. My mom's experience convinced me to buy a 20-year, $500,000 term life policy of my own, at $28 a month. That math looks grim, and it would look a whole lot worse if my stepfather didn't have a $1.5 million term life insurance policy. Life insurance was a financial lifeline for my motherThough the mortgage had slipped my stepfather's mind, the life insurance premiums were on autopay. Get Life Insurance Quotes Compare affordable life insurance options with Policygenius.
Persons: , he'd, hadn't, He'd, didn't, Roger Deal, Roger, they'll, Banks, there's, George Bailey Organizations: Service, CPA, Sequoia Wealth Partners Locations: Omaha , Nebraska
Want to Understand America? Watch ‘Shark Tank.’
  + stars: | 2024-10-17 | by ( Jordyn Holman | ) www.nytimes.com   time to read: +19 min
“Shark Tank” Over the Years Season 1 (2009-10) The show premiered against the backdrop of the Great Recession. “‘Shark Tank’ is not a game show,” said Kevin O’Leary, a cutthroat investor known sarcastically in the tank as Mr. “Shark Tank” debuted less than a year after the subprime mortgage crisis devastated the global economy. But those kinds of companies are rarely reflected on “Shark Tank” for one simple reason: They don’t make for good TV. “The buyer gave us a shot at Target because of the ‘Shark Tank’ appearance.”“We turn you into a rock star and you become part of the ‘Shark Tank’ culture and the lore of ‘Shark Tank’,” said Mr. O’Leary.
Persons: Tod Wilson, Mark Cuban, Shark Lori Greiner, , Kevin O’Leary, Barbara Corcoran, Corcoran, Mark Burnett, Lehman Brothers, , Daymond John, John, ” Mr, Wilson, Ms, Angela Lee, Halle Tecco, Jamie Siminoff, Siminoff, O’Leary, Siminoff “, Mr, Robert Herjavec, Burnett, Herjavec, TJ Maxx, Lori Greiner, Greiner, Michael Jones, Taryn Jones Laeben, ” Tod Wilson, Lee, Sarah Paiji Yoo, Dave Heath, Ann Crady Weiss, Hatch, Weiss Organizations: ABC, Sharks, QVC, Amazon, Bombas, Corcoran Group, “ Tigers, , Twitter, Marketplace, Valley . Producers, Las, Columbia Business School, Halle, Four, Smart Tire Company, TJ, Tank, Tank Venture, Science Inc, Forbes, IRL Ventures, Educators, Blueland Locations: Angeles, Valley, Manhattan, America, Britain, Canada, United States, Houston, Somerset, N.J, Las Vegas, cybersecurity, Target, U.S, Los Angeles, Wegman’s, Minneapolis, Queens
Supporters of then-President Donald Trump bang on glass where election absentee ballots are counted at Detroit's TCF Center on Nov. 4, 2020. Jeff Kowalsky / AFP via Getty Images fileNearly four years later, the mayhem at the TCF Center is burned into the minds of many election officials, lawyers and poll watchers. An NBC News investigation can now report the extent of the Republican Party and Trump campaign’s involvement in the TCF Center ordeal in 2020. ➡️ Former President Bill Clinton said the election will come down to whether there is a fair and transparent vote tally. ➡️ House Speaker Mike Johnson predicts the election will reflect “a demographic shift” showing larger blocs of voters helping elect Republicans.
Persons: Donald Trump, Trump, , Jeff Kowalsky, ➡️ Harris, , Harris, ➡️, Bill Clinton, Mike Johnson, Robert Card, Card’s, Lilly’s, Mounjaro, wouldn’t, Eli Lilly, Bao Li, Qing Bao —, Jimmy Chin, — Elizabeth Robinson, Elizabeth Robinson Organizations: FDA, Trump, Democrat, TCF Convention, Detroit's TCF Center, Getty, TCF Center, NBC, Republican Party, RNC, Democratic, of Defense, Army, Keller Army Community Hospital, Secret Service, Zoo, Canada, Indiana, , Geographic, Ikea Locations: Detroit, AFP, Michigan, Erie , Pennsylvania, Maine, U.S, Lewiston , Maine, West Point , New York, North Carolina, China, Irvine, Everest
A National Geographic documentary crew may have found partial remains of the foot of Andrew “Sandy” Irvine, the famed mountaineer who disappeared on Mount Everest 100 years ago. The climbers were trekking Everest in late September when they spotted a disembodied foot inside of a boot that appeared perfectly preserved yet undeniably old. It is not known whether the pair ever reached the summit — an important Everest mystery among climbers and historians alike. Fisher’s documentary team, which included photographer and director Jimmy Chin and filmmaker Erich Roepke, came across the boot while exploring the Central Rongbuk Glacier on the northern side of Mount Everest. “We haven’t done DNA tests yet, so we can’t 100% say with certainty that this is indeed Irvine’s boot, but like I said, the nameplate is perfectly stitched on there.
Persons: Andrew “ Sandy ” Irvine, , A.C, Mark Fisher, ’ ”, George Mallory, Edmund Hillary, Tenzing Norgay, Irvine, Mallory, Jimmy Chin, Erich Roepke, Mount Everest, Fisher, ” Fisher, we’re Organizations: Geographic, Mount Everest, AP Locations: A.C Irvine, ’ ” Irvine, Mount, Irvine, Idaho, British,
Irvine,” revealing that it probably belonged to British climber Andrew “Sandy” Irvine. Irvine’s disappearance on Everest in 1924, alongside his compatriot George Mallory, is one of mountaineering’s biggest mysteries – with a solution that has the potential to change history. That is, until this latest expedition, when the National Geographic team, which included “Free Solo” co-director Jimmy Chin, discovered a foot inside what they believe is Irvine’s boot. Irvine was 22 years old when he disappeared on Mount Everest. “I have lived with this story since I was a seven-year-old when my father told us about the mystery of Uncle Sandy on Everest,” she added.
Persons: Andrew “ Sandy ” Irvine, George Mallory, , Jimmy Chin, Sandy, ” Chin, Sandy might’ve, Erich Roepke, Chin, Irvine, Irvine’s, Julie Summers, Summers, , Uncle Sandy Organizations: CNN, Geographic, Everest, National Geographic, Tibet Mountaineering Association, Mount, Mount Everest Foundation, Geographical Society, Getty, PA Media Locations: Irvine, British, . Irvine, China, Mount Everest, Everest
Below, I rounded up the best October Prime Day deals that are still available right now. If you’re curious, the NBC Select team also compiled readers’ favorite Prime Day products and what our editors purchased. SKIP AHEAD Best Prime Day deals still live | More Prime Day sales still live | Best sales at other retailers | Why trust NBC Select? Best Prime Day sales still liveThese Prime Day sales are still going on, but keep in mind that not every item from a brand is discounted as described below. Each deal in this article is currently at its October Prime Day price or up to $10 higher.
Persons: it’s, They’re, , Sadhana Daruvuri, , You’re, Rosalie Sparaco, Nikki Brown, fryer, you’ll, Cory Fernandez, There’s, TikTok Organizations: Deal, NBC, Apple, Alexa, Bath, Amazon Reviewers, Adidas, Wellness, Giftable Tech, Facebook, Twitter Locations: men’s
AdvertisementNow, he said, it's changing fast, driven by Lithuania's burgeoning tech startup scene. Tech Zity, an ambitious project a short walk from Cyber City, could help to turbocharge Lithuania's tech scene. Tech Zity is set to become Europe's biggest tech campus. Like Cyber City, Tech Zity is being developed on the site of a Soviet-era factory. Tech Zity, on the site of a Soviet-era sewing factory, is under construction, and it is set to become Europe's biggest tech campus.
Persons: , Joshua Nelken, Marijus, Vinted, Briedis, that's, Valdas Benkuskas, it's, Kipras Krasauskas, Krasauskas, gesturing Organizations: Service, Vilnius Old Town, Business, Cyber, Nord Security, Nord Security's, Security's, Soviet Union, Vilnius, BI, Tech, Kilo Health Locations: Vilnius Old, Soviet, Lithuania, Vilnius, Silicon Valley, Baltics, Central, Eastern Europe, Lithuanian, Berlin, London, Amsterdam, Cyber, Cyber City, European, City, Soviet Union
In Tuesday's 9th inning of the Padres-Astros game, Altuve appeared to foul a ball off his left foot. However, umpires ruled the ball never hit his foot and Altuve was subsequently thrown out at first base. The Padres and Astros each had costly wild pitches, great defensive plays, clutch hits and plenty of frustration with the umpires. Replays seemed to show the ball missed Profar, Profar appeared to be upset that he wouldn’t have the chance to bat and the Astros bench couldn’t believe the call. As the umpires walked off the field, there was plenty of chirping and chatter directed at them by both teams.
Persons: Shoeless, Joe Jackson, Jose Altuve, Altuve, Altuve couldn’t, Josh Hader, Padre, Hader’s, Fernando Tatis Jr, Profar, couldn’t, Manny Machado, Machado, Grae Kessinger Organizations: Baseball, Padres, Astros, Houston, National League West, Dodgers, Diamondbacks, NL Locations: Houston
I had been saving to buy a house, but prices in Southern California have made that unlikely. I decided to stop focusing on trying to buy a house, which means I can put more toward retirement. I'm okay knowing I might be renting for life, as it means I can streamline my finances. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Retirement Planning The best robo advisors can help you start your retirement planning journey.
Persons: , I've, I'm, homeownership, Roth, it's, There's Organizations: Service, realtors, SoFi Locations: Southern California, Los Angeles
CNBC's Jim Cramer on Monday reviewed what could have lead to last week's massive sell-off, telling investors the declines may have been facilitated by failed market strategies from larger institutions. Japan's stock market also declined sharply, with the Nikkei seeing its worst day since the "Black Monday" crash of 1987. To Cramer, last week's declines might have been caused by money managers from a variety of firms who used Japan's low interest rates to borrow money an invest in other global assets. "We've had so many sell-offs based on mistaken strategies by large institutions," Cramer said. "Let's remember last Monday's selloff and consider that it might've been about nothing more than flailing money managers, which is often the case with these big market meltdowns."
Persons: CNBC's Jim Cramer, Cramer, We've, selloff Organizations: Dow Jones, Nikkei, Bank of Japan
"Based on discussions with the Trump Organization, my understanding is that the Trump Organization does not intend to develop any estimations of value for any entity, the Trump Organization as a whole, or the guarantors' collateral," Jones wrote. Donald Trump no longer intends to calculate his own net worth for financial statements, this excerpt from a new report reveals. He has issued these net-worth statements — 20- to 30-page balance sheets formally called Statements of Financial Condition — since at least 2004. The firm declared the whole previous decade's worth of net-worth statements unreliable in 2022, saying it would stop preparing them. New York attorney general's officeThroughout the decade's worth of net-worth statements, Trump ignored generally accepted accounting principles, the AG and judge found.
Persons: , Letitia James, Donald Trump, Trump, Barbara Jones, Jones, Arthur Engoron, James, Donald Trump's, Forbes, it's, Engoron, James ' Organizations: Service, New York, Business, Trump Organization, Trump, Forbes, Buffalo Bills, Deutsche Bank, Mazars, Post Locations: Washington ,, Mazars USA, Miami, Chicago, Manhattan, . New York, New York
Earn 5.26% APY with a NexBank High Yield Savings Account. It got me thinking about the money I have stashed away in my current high-yield savings account at Ally, paying 4.20% APY. Here's why I'm sticking to my current savings account. With Ally, I can enjoy the fact that there are no monthly account fees, nor a minimum balance requirement. That's more money than I would ever feel comfortable keeping in a short-term savings account, let alone locked for a long stretch.
Persons: I've, Ally, There's, you'll Locations: Michigan
Biden's feud with Musk is far from over
  + stars: | 2024-07-18 | by ( Alexandra Bacon | ) www.businessinsider.com   time to read: +4 min
Origins of their feudEarly into Biden's presidency, Musk began criticizing the administration's policy choices. The Tesla CEO took strong issue with Biden's approach to Tesla. "This administration has done everything it can to sideline & ignore Tesla," Musk posted back in 2022. The Tesla CEO replied : "Thank you, Tesla is happy to support other EVs via our Supercharger network." In April 2024, Musk posted on X that "Biden doesn't really know what's going on.
Persons: , Elon Musk, Joe Biden, Biden, Musk, Fortune, mused, didn't, Jen Psaki, Tesla, Mary Barra, He's, Trump Organizations: Service, Business, White, White House Press, General Motors, Companies, GM, Ford, ESL, Democratic Locations: America
CNN —We’ve seen spray-on hair, a spray-on dress and now — marathon-winning spray-on shoes. The Cloudboom Strike LS is lace-free and weighs less than the latest iPhone. (A men’s US size 8.5 weighs just 170g per shoe, over 100g lighter than several popular running shoes of the same size.) Courtesy OnWith no heel-cap, laces or tongue, the translucent, sock-like sneaker looks like a running shoe that has shed its skin. Having initially been made available to the public in April, the Cloudboom Strike LS will again go on sale to consumers later this year.
Persons: CNN —, Hellen Obiri, , Heitz, Johannes Voelchert, Voelchert, ” Voelchert, LightSpray, Marc Maurer, On’s, Olli Hoare, Luke McCann —, Coperni, Bella Hadid, Manel Torres Organizations: CNN, Boston, Fair, Games, , Paris Fashion Locations: Paris, Zurich, Milan, Swiss, Australian
Read previewPresident Joe Biden's campaign blasted Elon Musk after reports that Musk donated to a pro-Trump super PAC this week. Musk donated an undisclosed amount of money to America PAC — a super PAC working to elect Donald Trump in 2024 — Bloomberg first reported on Friday. This story is available exclusively to Business Insider subscribers. "Arrogant billionaires only out for themselves are not what America wants or what America needs," James Singer, a spokesman for the Biden campaign, told Bloomberg in a statement. AdvertisementRepresentatives for the Biden campaign did not immediately return a request for comment from Business Insider on Saturday.
Persons: , Joe Biden's, Elon Musk, Musk, Donald Trump, James Singer, Biden, Elon, Trump, Joe Biden, Kamala Harris Organizations: Service, Trump, America PAC —, — Bloomberg, Business, America, Bloomberg, White House, Ford, Tesla, Wall Street Journal, Democrats, GOP Locations: America
The bacon Double Stack lacked condimentsThe bacon Double Stack had ketchup, mustard, pickle, and onion. Division-1 winner: The bacon Double Stack triumphs for having baconThe bacon Double Stack had a decent variety of toppings. I was excited to dig into the Big Bacon ClassicThe Big Bacon Classic had a lot of sauce. The Big Bacon Classic triple seemed to have too much meatThe Big Bacon Classic triple seemed like a lot of meat. AdvertisementDivision-5 winner: The Jr. bacon cheeseburger was the best of this large poolThe Jr. bacon cheeseburger was my favorite in this category.
Persons: , Bacon, pretzel cheeseburgers, I've, Lucien Formichella, underseasoned —, Dave Thomas, I'd, Wendy's, would've, cheeseburger, Baconator, mayo, Charlie, Charlie Brown, hadn't, jalapeños, Pretzel Bacon, Cheeseburger, Big Bacon Organizations: Service, Business, mayo, Taco Locations: Wendy's, mayo, cheddar
5 Minutes That Will Make You Love Wayne Shorter
  + stars: | 2024-07-03 | by ( Marcus J. Moore | ) www.nytimes.com   time to read: +2 min
This month we feature Wayne Shorter, the iconoclastic composer and tenor saxophonist whose work with Art Blakey, Miles Davis, Weather Report and through his own solo discography has influenced generations of like-minded visionaries to push the boundaries of jazz. As a member of the quintet, Shorter once said, “it wasn’t the bish-bash, sock-’em-dead routine we had with Blakey, with every solo a climax. “All of us wrote some songs, I wrote a couple of things myself, but the main writer: Wayne,” Hancock told me over the phone recently. But most of the things we recorded were written by Wayne.” The quintet broke up in 1968; Shorter worked with Davis until 1970. In recent years, even though they’d been collaborators for several decades, Hancock and Shorter became best friends.
Persons: Wayne Shorter, Art Blakey, Miles Davis, it’s, Miles, Shorter, Herbie Hancock, Ron Carter, Tony Williams —, Davis “, , Ian Carr, Blakey, ” Shorter, Wayne, ” Hancock, , Charlie Parker, Dizzy Gillespie, Davis, Joe Zawinul, Hancock, they’d
Marcus' yield hike places it in an exclusive group of financial institutions continuing to offer rates in the 5% range on deposits. Citizens Access and Capital One Financial each offer a 1-year CD that yields 5%, while Sallie Mae offers a 5.15% APY. Bread Financial is at the top of the heap, with an APY of 5.25% on a 1-year CD. Indeed, LendingClub recently slashed its 1-year CD APY to 4.2%, reflecting a cut of 95 basis points, Caintic found. For instance, investors may forfeit some interest if they "break" their CD ahead of maturity, which makes these funds less liquid compared to money market funds.
Persons: Marcus, Goldman Sachs, BTIG, Sallie Mae, Vincent Caintic, LendingClub, Caintic Organizations: Reserve, BTIG Locations: LendingClub
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