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☆ Walmart Black Friday 2024: Our deal expert found the 34 best rollbacks, including discounts on Dyson, PS5, and Apple
▼ + stars: | 2024-11-29 | by ( Lillian Brown | Brendan Griffiths | Associate Editor Of Streaming | ) www.businessinsider.com time to read: +10 min

Learn moreBlack Friday has arrived, and the best Walmart Black Friday deals include major discounts on top items. For even more deals, make sure to bookmark our guide to the best Black Friday deals, which span multiple retailers. Best Black Friday Walmart tech dealsIf you're looking for tech beyond Apple, Walmart has several deals on items from Sony, Samsung, Beats, and more. View at WalmartBest Black Friday Walmart TV dealsThe best Walmart Black Friday deals can be seen across top brands like Sony, LG, Vizio, and Hisense. View at WalmartBest Black Friday Walmart Apple dealsThere are tons of Black Friday Apple deals at Walmart, including savings on the Apple Watch 10 and sets of AirTags.

Persons: it's, Max, they're, It's, Walmart Apple, Blackstone, gelato Organizations: Business, Walmart, Sony PlayStation, Apple AirPods, Dyson, Apple, Samsung, Sony, PlayStation, Walmart Sony, Slim, Walmart Nintendo, Nintendo, Mario Kart, Walmart Samsung Galaxy Watch, Galaxy, LG, Friday, Walmart Apple, iPad, Black

Learn moreThe best Black Friday monitor deals include big savings on displays for everyday use, office work, and gaming. Right now, this 27-inch Dell 4K monitor is on sale for just $250, which is a great price for such a versatile midrange display. View at Amazon What we like Check mark icon A check mark. View at AmazonThe best Black Friday gaming monitor dealsGamers have a wealth of Black Friday monitor deals to shop, including discounts on several high-end OLED monitors. View at Amazon What we like Check mark icon A check mark.

Organizations: Business, Dell, Samsung, Amazon Samsung, AMD, LG, Amazon LG

☆ Swiss wealth manager Lombard Odier indicted on money laundering charges
▼ + stars: | 2024-11-29 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

Lombard Odier — one of Switzerland's oldest private banks — was indicted by Swiss prosecutors on charges of aggravated money laundering. Karimova was indicted by the attorney general in 2023 on accusations of laundering money that was a result of criminal activities in Switzerland between 2005 and 2012. "Investigations have led the OAG to believe that part of the money laundered in Switzerland may have been transferred in bank accounts at ... Lombard Odier in Geneva. Lombard Odier, whose origins date back as far as 1796, denies the allegations. The bank said the case was initiated by Lombard Odier's "proactive reporting of suspicions to the Swiss authorities."

Persons: Lombard, —, Lombard Odier, OAG, Gulnara Karimova, Islam Karimov, Karimova, Gregoire Mangeat Organizations: Federal, Investigations, Bank, CNBC, Swiss Locations: Switzerland, Uzbekistan, Geneva

☆ The founder of TSMC has revealed he tried to get Jensen Huang to succeed him as CEO
▼ + stars: | 2024-11-29 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

AdvertisementTSMC founder Morris Chang asked Nvidia founder Jensen Huang to take over as CEO in 2013. In a new memoir, Chang reveals he set out his vision for TSMC for 10 minutes before Huang declined. The founder of Taiwanese chip giant TSMC has revealed he once asked Jensen Huang if he would succeed him as the company's CEO. AdvertisementIn the memoir, Chang writes he was looking for a successor to lead TSMC in 2013. AdvertisementHaving founded TSMC in 1987, Chang, 93, stood down as CEO in 2018 and was replaced by C C. Wei, the current CEO.

Persons: Morris Chang, Jensen Huang, Chang, Huang, TSMC, C, Wei Organizations: Nvidia, Apple, Forbes

☆ Baby-boomer homeowners got rich from skyrocketing house prices. Now they can't find retirement housing.
▼ + stars: | 2024-11-29 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

AdvertisementBaby-boomer homeowners have benefited from skyrocketing housing prices amid a home shortage. Baby boomers have been the big winners in the US housing market, but as the generation retires, its members are facing a new challenge in finding accessible housing. Those who oppose building are disproportionately older homeowners. AdvertisementMany older homeowners — particularly the growing number who still have mortgages — are struggling with rising insurance premiums. Molinsky's report found older Black homeowners had less than half the home equity of older white homeowners.

Persons: boomers, Redfin, Jennifer Molinsky, Molinsky, There's Organizations: Homeowners, Harvard, Aging Society, Insurance Locations: South Florida, Arizona

☆ Trump’s wealthy Cabinet picks will have to divest. But the rules make that a potentially lucrative prospect
▼ + stars: | 2024-11-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +8 min

Federal ethics laws require those senior government jobs in the Cabinet and beyond to divest their individual stock holdings, lest anyone be tempted to abuse their position of power to juice their personal investments. “The rule of thumb is, recuse or divest,” said Jordan Libowitz, vice president for communications at Citizens for Responsibility and Ethics in Washington, or CREW. “The more complex your assets are, the harder it can be to divest from them. Although the president isn’t subject to conflict of interest laws, most presidents have adhered to them anyway to avoid any appearance of impropriety. Given Trump’s own disregard for ethics rules, it’s not clear how, or even whether, his Justice Department would enforce the criminal conflict of interest laws that his Cabinet picks are subject to.

Persons: who’s, Nixon, Donald Trump, Howard Lutnick, Linda McMahon, —, ”, Jordan Libowitz, Scott Bessent, haven’t, Bloomberg —, Lutnick, Cantor Fitzgerald, Newmark, it’s, ” Robert Rizzi, isn’t, Trump, disentangle, Rizzi, ” Rizzi, John Paulson, you’re, ” Libowitz, George W, Hank Paulson, Goldman Sachs, he’d, JD Vance, he’s, Libowitz, “, ’ ”, didn’t Organizations: New, New York CNN, Treasury Department, titans, Citizens, Forbes, Bloomberg, Government, Key Square Capital Management, Holland, Knight, Treasury, Bush’s, Wall, Trump Media, Technology, Department, FBI, Trump Locations: New York, Washington, Cantor’s, Washington ,

☆ 6 charts show why Gen X is so bummed about money right now
▼ + stars: | 2024-11-28 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

AdvertisementAs many Americans struggle with a high cost of living, Gen X is in a particularly tight spot. Gen X has the highest income of all but also the highest debt. As a Bank of America Institute research note said, Gen X has seen its discretionary spending drop the most of all generations. The analysis attributed that, in part, to Gen Xers trying to sock away more for retirement and investing more. AdvertisementBut as Bank of America notes, Gen X is in the "sandwich" phase of life: Some are juggling supporting adult children and older relatives.

Persons: X, Gen X, Xers —, they're, Xers, Gen Xers, I'm, Wendy Graham, Barbara Lose, Graham, who's, Xer Organizations: Federal Reserve Bank of Philadelphia, Philadelphia Fed, Bank of America Institute, of Labor Statistics, Bank of America, University of Michigan's Locations: Philadelphia, Florida

☆ Renters struggle to build wealth, report finds. Here's how they can boost financial well-being
▼ + stars: | 2024-11-27 | by ( Ana Teresa Solá | Ana Teresa Solá Is A Personal Finance Reporter For Cnbc. | ) www.nbcnews.com time to read: +5 min

But while renters face unique affordability challenges, there are still steps they can take to improve their financial standing. Renters generally face financial challenges such as lower income, higher debt, less savings and lower rates of asset ownership, the report noted. Across income levels, renters are less likely than homeowners to own assets including cars, retirement accounts and securities, among others, the report found. Here are some of the financial challenges renter households in three sample income brackets face, according to the Aspen Institute, and ways they can build wealth. A hypothetical family in this category “first needs financial stability to meet the precondition for wealth building,” the Aspen report said.

Persons: That’s, Janneke Ratcliffe, ”, Ratcliffe, Clifford Cornell, “, ” Cornell, Shaun Williams, ” Williams, Williams, you’re Organizations: Aspen Institute, Urban Institute, Aspen, Paragon Capital Management, Cornell, “ Locations: U.S, Washington ,, New York City, Denver

Shares in a little-known drone company soared Wednesday morning after announcing that Donald Trump Jr. had joined its advisory board. Unusual Machines, an Orlando, Florida-based firm born just two years ago as it acquired a drone manufacturer and a separate drone retailing firm, announced the appointment in an early-morning press release. It is also obvious that we must stop buying Chinese drones and Chinese drone parts,” Trump Jr. said in the statement. In a separate securities filing Wednesday, Trump Jr. is listed as at one point having been Unusual Machines’ second-largest shareholder. An Unusual Machines spokesperson did not immediately respond to a request for comment.

Persons: Donald Trump Jr, “ Don Jr, ” Allan Evans, ”, ” Trump, Trump, —, Donald Trump's Organizations: Machines, Company, USA, Trump Jr Locations: Orlando , Florida, America

While richer people are expanding their footprint in the holiday travel mix, lower-paid ones are shrinking theirs: Households making under $50,000 are set to make up just 23% of travelers, down from 28% a year ago, Deloitte found. Indeed, the luxury travel network Virtuoso said it’s seen seasonal bookings surge 37% since last year among its high-end clientele. Some 64% of Americans plan to take more than one trip this holiday season, Deloitte found, up from 57% in 2023. “These travel choices may suggest that people are looking to save money, likely choosing cheaper options to keep their travel costs down,” the researchers wrote. Ted Rossman, senior industry analyst for Bankrate, said there are signs that “inflation continues to strain holiday travelers in a big way.” The consumer finance company found 86% of households making less than $100,000 annually expect to change their holiday travel plans due to cost increases (although a hefty 77% of six-figure earners said the same).

Persons: ”, Kate Ferrara, Jan Freitag, Jonathan Kletzel, Hopper, Misty Belles, they’ll, PwC, Ted Rossman, Bankrate, travers Organizations: Deloitte, “, PricewaterhouseCoopers, Shoppers Locations: Mexico, Caribbean, Europe

☆ 56% of Americans say their parents never discussed money with them. How experts recommend getting the conversation started
▼ + stars: | 2024-11-27 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

As families gather for Thanksgiving this year, money is one topic that likely won't be discussed. Yet experts say it's a perfect time to start the conversation, particularly with aging parents. More than half of Americans — 56% — say their parents never discussed money with them, according to a recent Fidelity survey of 1,900 adults ages 18 and up. For the wealth they do have, most Americans say they accumulated it on their own, with 80% identifying as self-made and only 5% saying they inherited it, Fidelity found. 1 sign of successYet experts say that not having a plan in place can leave individuals and their families vulnerable when unexpected events happen.

Persons: —, David Peterson, Peterson, Warren Buffett, MaryAnne Gucciardi, Gucciardi, there's Organizations: Fidelity, Finance Locations: Cambridge , Massachusetts

☆ JPMorgan sees S&P 500 rising to 6,500 in 2025 thanks to AI and deregulation
▼ + stars: | 2024-11-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 will be propelled to new heights in the new year thanks to momentum in artificial intelligence, a resilient economy and the possibility of easier regulation on industries, according to JPMorgan. The labor market has also held up, with more than 100,000 jobs being added in all but one month this year. The S & P 500 is up 4.1% since the Nov. 5 vote. UBS said this week it sees the S & P 500 rising to 6,400 , while Goldman Sachs and Morgan Stanley expect an expansion to 6,500. His 4,200, the lowest in the CNBC Pro Market Strategist Survey , implies 30% downside from Tuesday's close.

Persons: Dubravko Lakos, Bujas, Donald Trump's, Toll, Goldman Sachs, Morgan Stanley Organizations: Nvidia, Federal Reserve, Microsoft, Exxon Mobil, Tesla, Toll Brothers, Citigroup, UBS, Deutsche Bank, CNBC Pro Market, Survey Locations: Tuesday's, U.S

☆ Early retirement comes as a surprise for many workers, study finds. Here's how to manage that financial shock
▼ + stars: | 2024-11-27 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

If those new retirees take Social Security benefits before their full retirement age — which is 66 to 67, depending on date of birth — they take permanently reduced benefits. The median age for claiming Social Security benefits is 64, according to EBRI. They may lose five years of income, assuming they intended to retire at their full retirement age of 67, Collinson said. They may also lose potential employer-sponsored retirement benefits and additional credits towards their Social Security work history. Reset financial goals after an early retirementPeople who are forced into early retirement may not have a lot of financial flexibility.

Persons: Catherine Collinson, Collinson, They're, Ted Jenkin, Jenkin Organizations: Transamerica Institute, Transamerica Center, Retirement Studies, Social, Social Security, CNBC FA Council Locations: Atlanta

☆ There could be an inflation spike ahead, says Jefferies' Laurie Goodman
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere could be an inflation spike ahead, says Jefferies' Laurie GoodmanLaurie Goodman, Jefferies global head of investment and wealth solutions, joins 'Closing Bell' to discuss finding opportunities beyond stocks and bonds.

Persons: Jefferies, Laurie Goodman Laurie Goodman

☆ I've worked in San Francisco, Chicago, and Silicon Valley. Only one has the best mix for career, family, and socializing.
▼ + stars: | 2024-11-27 | by ( Robin Madell | ) www.businessinsider.com time to read: +8 min

AdvertisementMike Manalac has worked in the tech hubs of San Francisco, Silicon Valley, and Chicago since 2016. Over the past eight years, I've worked in the tech scenes of San Francisco, Silicon Valley, and Chicago. Mike ManalacI moved to San Francisco in 2016 to pursue world-class career opportunities and adventure. As a young professional with limited life responsibilities, San Francisco turned out to be the perfect place to live fast and loose. Overall, though, it's hard to beat Chicago's mix of career opportunities, vibrant social scene, and opportunities to start a family.

Persons: Mike Manalac, Manalac, It's, I've, Shou Zi Chew, I'd, San, PwC, Uber, San Francisco, Mike Manalac It's, Walmart's, we'd, San Francisco — that's, it's, you've, Jane Zhang Organizations: Chicago, Google, Area, Twitter, Walmart's eCommerce, Silicon Valley, Fortune, dotting Locations: San Francisco, Silicon Valley, Chicago, Singapore, Francisco, Baltimore, PwC, San, Dolores, Dolores Park, Tenderloin, San Bruno, Sunnyvale, Silicon, Mountain, Michigan, Maryland, Chicago's, Chicago's Lake Michigan

☆ I moved to the US and send money back home every month. Since becoming a parent, I've had to set more boundaries around payments.
▼ + stars: | 2024-11-27 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +6 min

AdvertisementAissatou Guisse, who moved to the US as a child, sends $250 to relatives in Senegal each month. After I had a child of my own, I decided to set boundaries around how much money I send to relatives back home. I have several friends in the US from Senegal who send money home monthly. I know people in other cultures send money back home, but Senegalese culture is particularly focused on not getting other people's hopes down. I still send the monthly money to my grandma's household, but for other things, I do a critical case-by-case analysis of whether the payment is necessary.

Persons: she's, Guisse, Aissatou Guisse, we'd, I've, someone's, Roth, peeked, it's Organizations: Microsoft, Roth IRA Locations: Senegal, Atlanta, America, Ohio, Sengalese neighhorhoods

If the IRS has questions about your tax returns or wants to perform an audit, you'll probably be asked to produce your tax records. But of course, it is absolutely not recommended that you skip tax filing or intentionally commit fraud on your tax return. Employment tax recordsBusinesses should keep employment tax records, or payroll records, for at least four years after the last completed tax filing. Tips for organizing and storing recordsThe IRS clearly outlines the guidelines around how long you should keep your tax records. When you're ready to get rid of financial documents or tax records, shredding is the best method.

Persons: you've, Tom Taulli, filers, you'll, Matthew Jenkins, Tanza, Morgan, Read Organizations: Internal Revenue Service, IRS, CFA, CFP, Noble, Finance, Morgan Stanley Wealth Management, Fidelity, BI, Elon University Locations: TheStreet

☆ Shares of drone maker Unusual Machines soar more than 90% after Donald Trump Jr. joins advisory board
▼ + stars: | 2024-11-27 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

It is also obvious that we must stop buying Chinese drones and Chinese drone parts," Trump Jr. said in a statement. In the same S-1 statement, Unusual Machines disclosed that Trump Jr. had previously owned 331,580 shares of Unusual Machines before a share offering detailed in the statement, and currently owns no shares. The statement does not disclose the price paid by Trump Jr. for his shares, or what price he sold them at. Unusual Machines shares' 52-week low is 98 cents per share. Volume was heavy Wednesday morning, with more than 13.5 million shares trading hands.

Persons: Evans, Don Jr, Allan Evans, Trump, Jeffrey Thompson Organizations: Company, USA, Machines, Trump Jr, Securities and Exchange Commission, SEC Locations: Orlando , Florida, America, China

☆ 39-year-old self-made millionaire: 3 habits help me build wealth and succeed as an introvert
▼ + stars: | 2024-11-26 | by ( Bernadette Joy | ) www.cnbc.com time to read: +6 min

Before I was an entrepreneur and self-made millionaire, I spent about a decade working as an HR recruiter. LinkedIn is the perfect place to document your accomplishments because it is public, whereas your résumé and performance reviews are private. I let others sing my praisesOne of my favorite features of LinkedIn is the option to post recommendations. I have more than 15 recommendations on my LinkedIn profile that have gotten me business opportunities that I otherwise wouldn't have acquired. I have more than 15 recommendations on my LinkedIn profile that have gotten me business opportunities that I otherwise wouldn't have acquired.

Persons: I've, you'll, AJ, Bernadette Joy, Bernadette Organizations: LinkedIn, YouTube, CNBC Locations: American, pizzazz

☆ Trump’s tax proposals are a step closer to reality. Here’s what it means for your portfolio
▼ + stars: | 2024-11-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The Tax Cuts and Jobs Act, which went into effect in 2018, overhauled the federal tax code. The legislation roughly doubled the standard deduction, tweaked the individual income tax brackets and trimmed rates. It also applied a $10,000 cap on the state and local tax deduction, and it nearly doubled the estate tax exemption. Prepping for 2025 Investors can set up their portfolios for success heading into 2025, especially now that they still have some certainty on the tax climate for next year. Eligible IRA owners can exclude up to $105,000 in QCDs from their taxable income in 2024.

Persons: Donald Trump, Stephen Bigge, Rafia Hasan, you've, Hasan, Rachel Elson, it's Organizations: Republican, Keebler, Associates, Senate, Perigon Wealth Management, Internal Revenue, Moderna, Intel, that's Locations: Washington, Green Bay , Wisconsin, San Francisco, QCDs

U.S. President-elect Donald Trump at a viewing of a test-flight launch of the SpaceX Starship rocket in Brownsville, Texas, Nov. 19, 2024. Brandon Bell | Getty Images News | Getty ImagesAs Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump. Yet the energy sector climbed 22.9% under Biden as of Nov. 19, despite the administration's push for renewables and sustainability. As president, Trump is expected to embrace crypto more than any of his predecessors. When Biden won in 2020, there was a lot of panic about the outlook for energy, oil and gas.

Persons: Donald Trump, Brandon Bell, Jeremy Goldberg, Goldberg, Larry Adam, Raymond James, Trump, Adam, Biden, Monty Rakusen, John Murphy, Murphy, Callie Cox, Cox, Greg Iacurci Banks, Jamie Dimon, Andrew Harrer, Brian Spinelli, Halbert Hargrove, Spinelli, David Rea, Lorie Konish, Bill Varie, —, — Greg Iacurci Crypto, Kevin Wurm, Matt Apkarian, Apkarian, Christina Lynn, there's, Lynn, — Lorie Konish, Cooper Neill, Joe Biden, Mike Cerasoli, Cerasoli, you'll, — Lorie, Images Trump, Robert F, Kennedy Jr, bode, David Weinstein, Weinstein, Chris Unger, Charles, Vivek Ramaswamy, Greg Iacurci, Thomas Barwick, Ted Decker, Decker, TJ Maxx, Lorraine Hutchinson, — Greg Iacurci, Donald J Organizations: SpaceX, Getty, Trump, Professional Advisory Services, Digitalvision, EV, Biden, Bank of America Securities, Ford, Ritholtz Wealth Management, U.S . Federal, JPMorgan Chase &, White, Bloomberg, CNBC, Salem Investment, Bank, — Greg Iacurci Crypto Republican, Reuters, bitcoin, Liberty Financial, Cerulli Associates, Mariner Wealth, — Lorie Konish Energy, Double Eagle Energy Holdings LLC, Eagle Global Advisors, Images, Department of Health, Human Services, RFK, U.S . Senate, Merck, Pfizer, Dana Investment, Affordable, Publicly, HCA Healthcare, UFC, Madison, Garden, Ufc, Medical, Charles River Laboratories, Food and Drug Administration, of Government, Retailers, Walmart, Marshalls, Google, Twitter, Trump National Golf Club, Washington Post Locations: Brownsville , Texas, California, U.S, Iran, Venezuela, Washington, Long Beach, Calif, Salem, Winston, Salem , North Carolina, Ritholtz, Nashville , Tennessee, cryptocurrency, Lynn, Midland , Texas, Houston, New York, China, North America, HomeGoods, Bedminster , NJ, Jabin

☆ A key U.S. inflation report looms over Wall Street. How to trade it
▼ + stars: | 2024-11-26 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

The October personal consumption expenditures price index report has many investors wondering how it may impact the postelection market rally. "It definitely threatens the dynamic of the market broadening because it jeopardizes the speed at which the Fed drops interest rates," Lee told CNBC. "Right now, the markets are pricing out interest rates one by one. Bill Baruch, president of Blue Line Futures, sees opportunities in the currency and bond markets if core PCE rate reaches 3%. "This PCE report and the expectation for a December cut are going to create quite a bit of volatility in fixed income," Ethridge told CNBC.

Persons: Dow Jones, William Lee, Lee, Jimmy Lee, Victoria Greene, Greene, Bill Baruch, Baruch, Malcolm Ethridge, Ethridge, Goldman Sachs, Russell Organizations: Core PCE, Milken Institute, CNBC, Traders, Wealth Consulting, Nvidia, Meta, Microsoft, Wealth, Blue, Capital Area Planning, U.S . Bancorp Locations: financials

☆ Here's how to maximize your tax breaks for charitable giving
▼ + stars: | 2024-11-26 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Here's what to know about charitable tax breaks before swiping your credit card or transferring funds, according to financial advisors. How the charitable deduction worksWhen filing taxes, you claim the standard deduction or your total itemized deductions, whichever is bigger. The latter includes a tax break for charitable gifts, medical expenses and state and local taxes, or SALT, among others. For 2024, the standard deduction is $14,600 for single taxpayers and $29,200 for married couples filing together. Plus, you can satisfy yearly required minimum distributions, or RMDs, with a QCD, according to the IRS.

Persons: Indiana University Lilly, Paula Nangle, Donald Trump, Nangle, filers, Sandi Weaver, Weaver, Juan Ros Organizations: Indiana University, Indiana University Lilly Family School, Marshall Financial, President, Weaver Financial, Medicare, Financial Management Locations: Doylestown , Pennsylvania, Mission , Kansas, Thousand Oaks , California

☆ Warren Buffett offers 'suggestion for all parents' in 2024 Thanksgiving letter: 'My dad did the same with me'
▼ + stars: | 2024-11-26 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

"I have one ... suggestion for all parents, whether they are of modest or staggering wealth," Buffett, the CEO of Berkshire Hathaway, wrote in a letter to his company's shareholders on Monday. Aim to ensure your children understand "both the logic for your decisions and the responsibilities they will encounter upon your death," Buffett wrote. Many people don't know the details of their parents' estate plans, or even if they exist. "As soon as the parents are gone, those emotions come out of the closet like a torrent, and no, [the heirs] don't always get along," said Shenkman. Buffett and longtime friend and business partner Charlie Munger, who died last year, observed the same phenomenon, Buffett wrote: "Charlie and I saw many families driven apart after the posthumous dictates of the will left beneficiaries confused and sometimes angry."

Persons: Warren Buffett, —, Buffett, Berkshire Hathaway, Martin Shenkman, Charlie Munger, Charlie Organizations: Berkshire, CNBC Locations: New Jersey

☆ 59% of Americans consider this the No. 1 sign of success — it's not wealth
▼ + stars: | 2024-11-26 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Pt Stock | Moment | Getty ImagesWhen Americans measure success, they're not often thinking about their net worth or account balances. "Few people view wealth itself" as the best benchmark, said Rebecca Rickert, head of communications at Empower. Only 27% believe wealth is the highest measure of success, the report found. 'You have to strike a balance'"Americans are equating success with happiness as to what money can buy," said Rickert. About 35% of polled Americans believe the economy is the top barrier to success, followed by income instability at 30%, the Empower report found.

Persons: they're, —, Rebecca Rickert, That's, Rickert, Clifford Cornell, Cornell Organizations: Bank of America, Joint Center for Housing Studies of Harvard University Locations: New York City, U.S

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