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☆ Inherited IRA rules are changing in 2025 — here's what beneficiaries need to know
▼ + stars: | 2024-10-17 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Jacob Wackerhausen | Istock | Getty ImagesWhat to know about the 10-year ruleBefore the Secure Act of 2019, heirs could "stretch" inherited IRA withdrawals over their lifetime, which helped reduce yearly taxes. But certain accounts inherited since 2020 are subject to the "10-year rule," meaning IRAs must be empty by the 10th year following the original account owner's death. The rule applies to heirs who are not a spouse, minor child, disabled, chronically ill or certain trusts. Since then, there's been confusion about whether the heirs subject to the 10-year rule needed to take yearly withdrawals, known as required minimum distributions, or RMDs. After years of waived penalties, the IRS in July confirmed certain heirs will need to begin yearly RMDs from inherited accounts starting in 2025.

Persons: Jacob Wackerhausen, there's, Dickson, Judson Meinhart Organizations: Istock, Vanguard, Modera Wealth Management Locations: Winston, Salem , North Carolina

☆ Best Buy and Danaher are on the move Thursday — here's what is behind their different fates
▼ + stars: | 2024-10-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim said he has previously debated selling some Danaher shares around their current levels of $275 but now he has "cold feet." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Sartorius, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Commerce Department, Nvidia, Broadcom, Club, CSX, Elevance, AMD Locations: Blackstone

☆ Key change coming for 401(k) ‘max savers’ in 2025, expert says — here's what you need to know
▼ + stars: | 2024-10-16 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Aire Images | Moment | Getty ImagesHigher 401(k) catch-up contributionsEmployees can now defer up to $23,000 into 401(k) plans for 2024, with an extra $7,500 for workers age 50 and older. But starting in 2025, workers aged 60 to 63 can boost annual 401(k) catch-up contributions to $10,000 — or 150% of the catch-up limit — whichever is greater. An estimated 15% of eligible workers made catch-up contributions in 2023, according to Vanguard's 2024 How America Saves report. Roth catch-up contributionsAnother Secure 2.0 change will remove the upfront tax break on catch-up contributions for higher earners by only allowing the deposits in after-tax Roth accounts. That means workers can still make pretax 401(k) catch-up contributions through 2025, regardless of income.

Persons: Jamie Bosse, Vanguard's Stinnett, Roth Organizations: IRS, CGN Advisors, America, Vanguard Locations: Manhattan , Kansas

Amazon also announced a Kindle Scribe redesign, plus new generation models of the Kindle Paperwhite and base Kindle. Amazon Kindle Colorsoft Signature Edition The Kindle Colorsoft is Amazon's first color e-reader. Check price at AmazonAmazon Kindle Paperwhite (2024) Amazon's latest Kindle Paperwhite offers even faster performance than its predecessors in the same thin, waterproof form readers love. AdvertisementKindle Paperwhite (12th Generation)The new Kindle Paperwhite offers higher contrast than ever. AmazonAmazon’s fastest and most popular Kindle is about to get even faster with the 2024 Kindle Paperwhite.

Persons: It's, Scribe, It’s Organizations: Business, Kindle, Amazon hasn’t, Scribe Locations: Kindles

☆ Rates won't be cut at an aggressive pace — here's how to position, according to strategists
▼ + stars: | 2024-10-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

U.S. interest rate cuts are unlikely to move at an aggressive pace, say market watchers. The Fed kicked off its easing cycle with a jumbo 50 basis-point rate cut in September — but subsequent ones will be milder, they said. They highlighted the better-than-expected September jobs report, renewed worries around inflation, rising yields and an economy that's still relatively strong. How to position In that scenario — and with inflation expected to continue being sticky, it's important that investors still have exposure to commodities, said Landsberg. Christopher of Wells Fargo said if interest rates moderate and earnings are stronger than expected, market performance will broaden out further.

Persons: —, Paul Christopher, CNBC's, Adam Coons, Michael Landsberg, Landsberg Bennett, Landsberg, Christopher, Wells Fargo, Luis Alvarado, Alvarado Organizations: Fed, Wells, Wells Fargo Investment Institute, Winthrop Capital Management, Wealth Management Locations: Wells Fargo, U.S

☆ Morgan Stanley is about to report earnings — here's what to expect
▼ + stars: | 2024-10-16 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

In this articleTed Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. Here's what Wall Street expects:Earnings: $1.58 a share, according to LSEGRevenue: $14.41 billion, according to LSEGWealth management: $6.88 billion, according to StreetAccountTrading: Equities of $2.77 billion, Fixed Income of $1.85 billion, according to StreetAccountInvestment Banking: $1.36 billion, according to StreetAccountMorgan Stanley has several tailwinds in its favor. Finally, its Wall Street rivals have posted better-than-expected trading results, making it unlikely that the firm missed out on elevated activity. JPMorgan Chase , Goldman Sachs and Citigroup topped expectations, helped by better-than-expected revenue from trading or investment banking.

Persons: Ted Pick, Morgan Stanley, StreetAccount Morgan Stanley, JPMorgan Chase, Goldman Sachs Organizations: LSEG Revenue, Wealth, Investment, JPMorgan, Citigroup Locations: Davos, Switzerland

☆ Some hurricane victims can get a tax break for losses — Here's what you need to know
▼ + stars: | 2024-10-15 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

You also need to know how much the fair market value declined due to the disaster, she said. How to calculate the casualty loss deduction 1. Congress approves 'qualified disaster losses'In certain cases, "qualified disaster losses" are eligible for special rules, but "that's driven by Congressional action," according to Brennan. When there's a qualified disaster loss, the $100 rises to $500, there is no 10% AGI limit and victims can add their loss on top of the standard deduction. "AICPA has been actively advocating for permanent uniform tax relief for all victims of disasters since 2021 — for almost four years now — because we have this inconsistent treatment," she said.

Persons: David Hester, Hurricane Helene, Chandan Khanna, Mark Luscombe, Beth Brennan, Brennan, You'll, there's, AICPA Organizations: Afp, Getty, Wolters Kluwer, Accounting, American Institute of Certified Public Accountants, Congress Locations: Horseshoe Beach , Florida

☆ Stephen from 'Love Is Blind' is posting through his 'villain arc' after his scandal in the latest episodes
▼ + stars: | 2024-10-10 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +9 min

AdvertisementStephen tells Monica early on that he cheated in a prior relationshipStephen on "Love Is Blind" season 7. On that same date, he also tells Monica that he recently learned he had West African ancestry, not Italian as he previously thought. When Monica tells him that she had seen texts from the day of their conversation, he says he didn't remember sending them. After Stephen tells Monica he'll leave, Monica asks him to send her the money she spent to front their expenses. After the episodes premiered, Stephen posted several memes on his Instagram story about entering a "villain arc" on the show.

Persons: Monica, Stephen, —, Leo, Brittany, he's, Netflix Stephen, Donald Trump, Hillary Clinton, Trump's, Joe Biden, Netflix Monica, It's, Taylor, Stephen debrief, Monica he'll, shouldn't, Garrett, Stephen doesn't, we're Organizations: Netflix, Service, Honduran Locations: Mexico, Instagram

☆ As interest rates fall, it's a 'fantastic time' to revisit bonds, advisor says — here's why
▼ + stars: | 2024-10-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

As the Federal Reserve cuts interest rates, investors should review their bond portfolio, which could see a boost from dovish Fed policy. However, the Fed policy shift could be good for parts of the bond market, experts say. Typically, bond prices and market interest rates move in opposite directions. "This is a fantastic time to revisit bonds again," said certified financial planner Scott Ward, senior vice president of Compound Planning in Birmingham, Alabama. While it may be tempting to cling to cash, it will become "less attractive, less productive as interest rates fall," Ward said.

Persons: Scott Ward, Ward Organizations: Federal Reserve, dovish Fed, Finance, SEC, Fed Locations: Birmingham , Alabama

The Shark FlexStyle is an easy-to-use tool for creating a long-lasting blowout right at home. This one normally costs $319.99, but during Amazon Prime Day, it's $80 off at $239.99. ), there's no sense in waiting any longer — capitalize on the Amazon Prime Day sale, and you can have bouncy at-home blowouts without blowing your budget. The Shark FlexStyle isn't the only great deal available during Amazon Prime Day this year. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for the full selection.

Persons: Dyson, There's, it's, Watson Anthony, Airwrap, Remi Rosmarin, Rosmarin, We've Organizations: Business, Amazon Prime, Deal, Amazon, Crest

☆ Jim Cramer says Abbott Labs picked up a 'very big win' — here's where the stock is going
▼ + stars: | 2024-10-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Oil prices also continued their climb higher on escalating tensions in the Middle East — though Jim Cramer cautioned investors against chasing the concurrent rally in energy stocks at this point. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, downgrades, We'll, Morgan Stanley, Wells Fargo, Jim, Abbott, Louis, Stocks, Jim Cramer's Organizations: CNBC, Apple, DuPont, Constellation Brands, Federal, U.S, Bank, Abbott Laboratories, FDA, CDC, NIH, Abbott Labs, Pfizer, American Express, KB, Netflix, Air Products, Chemicals, Jim Cramer's Charitable Locations: U.S, St

☆ IRS free tax filing will be available in 24 states for the 2025 season — here's who can use it
▼ + stars: | 2024-10-03 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Internal Revenue Service Commissioner Danny Werfel testifies before the House Appropriations Committee on Capitol Hill on May 07, 2024 in Washington, DC. Kevin Dietsch | Getty Images News | Getty ImagesWho can use IRS Direct File"This year, taxpayers in Direct File's 24 states will see far more tax situations covered than during last year's pilot," and the program will be available at the opening of tax season, IRS Commissioner Danny Werfel said Thursday on the press call. Next season, Direct File will also support interest income above $1,500, pension and annuity income (excluding individual retirement accounts) and Alaska Permanent Fund Dividends. The IRS and Treasury in May unveiled a nationwide Direct File expansion and invited all 50 states to join the program. During the pilot, more than 140,000 users filed returns and saved an estimated $5.6 million in tax preparation fees, the agencies said in April.

Persons: Danny Werfel, Kevin Dietsch Organizations: Revenue, Capitol, Getty, Social, NEC, Fund, IRS, Treasury Locations: Washington , DC, Alaska

☆ Bartenders say these 10 classic cocktails aren't worth the hype — here's what to order instead
▼ + stars: | 2024-10-03 | by ( Alyssa Towns Swantkoski | ) www.businessinsider.com time to read: +1 min

Business Insider asked bartenders which classic cocktails they think are overrated. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Business Insider spoke with bartenders to find out which classic cocktails aren't worth the hype — and what you should be getting instead.

Persons: —, bartenders Organizations: Service, Business Locations: Long, margaritas, Moscow

☆ I'm a telecommunications expert — here's how I think IoT can help prevent wildfires and save our forests
▼ + stars: | 2024-10-02 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +5 min

Carsten Brinkschulte, who founded Dryad Networks, built an IoT network to detect wildfires. He's motivated by the impact of his work and urges founders and engineers to move to green tech. The first was how to detect fires. To solve for this, we developed our own solar-powered mesh gateway that could connect to sensors via an IoT network and relay information back to a cloud platform. The Silvanet mesh gateway connects sensors to an IoT network.

Persons: Carsten Brinkschulte, they've Organizations: Dryad Networks, Service, Dryad

☆ Jim Cramer says he's not buying the negativity on Disney — here's why he is sticking around
▼ + stars: | 2024-10-01 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 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. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Raymond James, Analysts, They're, Jim, Stocks, McCormick, Charles Schwab, Clorox, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Wall, Israel, Coterra Energy, Disney, Paris Olympics, Disneyland, Apple, Barclays, Apple Intelligence, Boeing Locations: Iran, Disneyland Paris

☆ I work with Warren Buffett. He's probably the smartest person in the world — here's the best advice he's given me.
▼ + stars: | 2024-09-30 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +7 min

Karen Goracke is the CEO of the jewelry store Borsheims, a Berkshire Hathaway subsidiary. Goracke worked her way up from the store room, and Warren Buffett interviewed her for CEO. AdvertisementThis as-told-to essay is based on a transcribed conversation with Karen Goracke, CEO and President of Borsheims, about her career and working with Warren Buffett. I started working as a sales associate for Borsheims, a jewelry store in Omaha, in 1988 straight out of college. She had no idea Warren Buffett was standing next to her.

Persons: Karen Goracke, Goracke, Warren Buffett, Buffett, —, Warren Buffett's Berkshire Hathaway, Borsheims, Berkshire Hathaway, I'd, Warren Buffet, We're, I'm, Warren, It's, That's, I've Organizations: Berkshire Hathaway, Service, Borsheims, Las, Berkshire Locations: Omaha, Berkshire, Nebraska, Switzerland , New York, Las Vegas

☆ We're trimming this healthcare stock as it hits new highs Friday — here's why
▼ + stars: | 2024-09-27 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

We are selling 75 shares of GE Healthcare at roughly $93.86. Following the trade, Jim Cramer's Charitable Trust will own 925 shares of GEHC, decreasing its weighting to 2.5% from 2.72%. After further contemplation since the Morning Meeting , we are trimming our position in GE Healthcare. It's been the second best-performing healthcare stock in the S & P 500 this past month, rallying roughly 11% to put its year-to-date gains at 21%. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, It's, Jim Cramer, Jim Organizations: GE Healthcare, UBS, GE, CNBC, Traders, NYSE Locations: China

☆ 27% of adults have taken bad money advice from TikTok — here's why so many people get duped
▼ + stars: | 2024-09-26 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

From putting your toddler children on your payroll to claiming your car as a business expense, TikTok is chock-full of potentially bad money advice. Yet, financial TikTok, also known as #FinTok, is one of the most popular sources for financial information and tips, particularly among Generation Z. Now, 27% of social media users say they have fallen for financial advice or information on social media that turned out to be false or misleading, according to a new report by Edelman Financial Engines. Edelman Financial Engines polled more than 3,000 adults over 30 from June to July. Heavy social media users, likely younger Americans, may be particularly susceptible to believing inaccurate financial information found there, according to Edelman Financial Engines.

Persons: Jean Chatzky, HerMoney.com Organizations: Edelman Financial, Finance, Edelman

☆ Ellen DeGeneres admits she was an 'immature boss' after talk-show controversy led to her fall from grace
▼ + stars: | 2024-09-25 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

Read previewEllen DeGeneres took the stage for what she says is her final comedy special in "Ellen DeGeneres: For Your Approval," an hour-long Netflix special that dives into the comedian's fall from grace. First, beauty YouTuber Nikkie de Jager spoke about her negative appearance as a guest on "The Ellen DeGeneres Show." In July of that year, a BuzzFeed News report was published containing allegations from former employees of a toxic work culture on DeGeneres' talk show. Ultimately, DeGeneres said, her "be kind" mantra on "The Ellen DeGeneres Show" put her in a box. "Ellen DeGeneres: For Your Approval" is now streaming on Netflix.

Persons: —, Ellen DeGeneres, DeGeneres, Nikkie de Jager, Dory, Wilson Webb, Netflix DeGeneres, Ellen, I've Organizations: Service, Netflix, Business Locations: America

We're getting hands-on with the Google TV Streamer soon, but until then, we've broken down everything we know so far, including pricing and key features. AdvertisementThe Google TV Streamer is now available to buy for $100 from Amazon, Best Buy, and the Google Store. The Google TV Streamer could challenge the Apple TV 4K and Roku UltraThe Google TV Streamer is clearly designed to compete with the best streaming devices from Apple and Roku. AdvertisementShould you buy the Google TV Streamer? However, its specifications point to a promising performer that could be the flagship streaming device Google fans have been waiting for.

Persons: There's Organizations: Business, Google, Apple, Dolby, Amazon Locations: Amazon

☆ More men in their prime working years are neither working nor looking for jobs — here's why
▼ + stars: | 2024-09-21 | by ( Juhohn Lee | ) www.cnbc.com time to read: +1 min

Men have been steadily dropping out of the workforce, especially men ages 25 to 54, who are considered to be in their prime working years. According to the U.S. Bureau of Labor Statistics, the unemployment rate for prime-age working men was 3.4% in August 2024. But about 10.5% of men in their prime working years, or roughly 6.8 million men nationwide, are neither working nor looking for employment, compared with just 2.5% in 1954. A study by the Pew Research Center found that men who are not college-educated leave the workforce at higher rates than men who are. Watch the video above to find out why men are increasingly leaving the workforce.

Persons: Nicholas Eberstadt, Jeff Strohl, Carol Graham, you've Organizations: U.S . Bureau of Labor Statistics, American Enterprise Institute . Education, Center, Education, Workforce, Georgetown University, Pew Research Center, Brookings Institution

☆ This expensive luggage may be key to LVMH's future — here's how Rimowa's CEO plans to keep growing
▼ + stars: | 2024-09-20 | by ( Brittany Chang | ) www.businessinsider.com time to read: +4 min

It's a luggage maker best known for one product, a grooved aluminum suitcase with a rabid fan base. Despite this, the suitcase company (along with cashmere maker Loro Piana) continued their "excellent momentum," LVMH said. It's "another step in the fashion space," Bonnet-Masimbert said, and a hint of how the company hopes to progress in the coming years. For a company so synonymous with luggage, it was an "interesting challenge," the CEO said — one that took three years to develop. "We feel we are very legitimate in that space, and that opens a lot of future product offerings," Bonnet-Masimbert said.

Persons: —, Louis Vuitton, Tiffany, Rimowa, Brittany Chang, Tumi, Vanessa Garoute, Tania Antonenkova, Martha Stewart, Piana, LVMH, Hugues Bonnet, Masimbert, Lewis Hamilton, Clive Mason, isn't, Bonnet Organizations: Service, Dior, Business, LVMH, tote Locations: Germany, China, Europe, Asia, North America

☆ I quit Amazon after I cracked the code for promotions. It took me 14 years to become a principal engineer — here's how.
▼ + stars: | 2024-09-19 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +8 min

After multiple swift promotions that led me to become a senior software engineer by 2012, I found myself in a career rut. He knew of a job opening at Amazon for a support engineer role and guaranteed me he could snag me an interview. I slowly networked my way into monthly software engineer meetings and steadily expanded my frontier of exposure within the group. Then I asked my new software engineer friends to give me mock interviews. I miss writing code.

Persons: —, Steve Huynh, there's, didn't, I'd, Tess Martinelli Organizations: Service, Business, University of Washington, Amazon, Software, Ticketmaster, YouTube, Big Tech Locations: Seattle , Washington, tmartinelli

☆ I added my divorce to my LinkedIn profile — here's why
▼ + stars: | 2024-09-18 | by ( Karl Dunn | ) www.businessinsider.com time to read: +6 min

My divorce was the worst job I've ever had. So, like any job I've had, I decided to put my divorce on my LinkedIn résumé. I added my divorce to my LinkedIn 2 weeks agoDivorce hits different people differently. When I had the idea to put my divorce on my LinkedIn, I debated it for weeks. AdvertisementSo while divorce was the worst job I ever had, it was also one of my greatest teachers, which is why I put it on my CV.

Persons: —, I've, That's, couldn't, doesn't, who's, I'd, Karl Dunn Organizations: Service, Business, Hearst Publications, LinkedIn Locations: America, California, Berlin, Los Angeles

☆ Food packaging chemicals are seeping into human bodies — here's what that means for your health
▼ + stars: | 2024-09-18 | by ( ) www.businessinsider.com time to read: +1 min

There's new evidence that chemicals can migrate to human bodies via material like plastic containers. It's not clear what the health risks may be, but at least a few of the chemicals are known hazards. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNew research suggests you're being exposed to thousands of chemicals, including hazardous substances, that can leach into the human body through food- and beverage-related material like plastic bottles and takeout containers.

Persons: — Organizations: Service, Business

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