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"I don't care what tax bracket you're in," says Suze Orman, a financial expert and host of the "Women & Money (and Everyone Smart Enough to Listen)" podcast. "You have to be crazy to do anything other than a Roth retirement account." Roths take advantage of low tax rates The traditional thinking around traditional versus Roth accounts revolves around your personal tax rate. "Tax rates are low, secularly, compared with where they've been historically," she says. "So the idea is that you're better off taking your tax medicine now at relatively low tax rates."
Persons: Roth, Suze Orman, Ed Slott, Roths, , Slott, Uncle Sam, you've, Christine Benz, they've Organizations: CNBC
Some luxury travel agencies say more travelers are vacationing in the fall instead of summer. Fall vacations are becoming trendyMore people are booking fall-time Airbnbs for leaf-peeping destinations like Acadia National Park. Paris, France is a popular destination for fall travelers. AdvertisementEuropean countries like France are popular with fall travelers. Positano, Italy Tom Murray / Business InsiderBefore the rise of shoulder-season vacations, travelers wanted to chase the best weather, Grumbach said.
Persons: , Misty, John Greim, Hopper, Jackie Roth —, Scott Dunn, Scott Dunn —, — Scott Dunn Private's, Alexander Spatari, Roth, Julie Durso, Airbnb, Kelly Grumbach, Melissa Biggs Bradley, Indagare, Melissa Krueger, Convento, Anantara Convento, Estelle Vassallo, Italy Tom Murray, Grumbach, they're Organizations: Service, Misty Belles, Getty, Scott Dunn Private, Belles Locations: Portugal, Rome, Athens, Acadia, New York, Maine, Europe, Paris, France, Italy, United Kingdom, Tuscany, Cagliari, Sardinia, Amalfi Coast, Sicily, Capri, Amalfi, Positano
“Losing the workers would devastate our companies, our industry and our economy.”‘The math is just not there’There is evidence that foreign-born construction workers help keep the housing market in check. “Immigrant construction workers in Sun Belt metros like Raleigh, Nashville, Houston, and San Antonio have helped these cities sustain their housing cost advantage over coastal cities despite rapid growth in housing demand,” the authors wrote. Undocumented workers would likely flee ahead of any national deportation effort, Hetrick said, even though many have been in the U.S. for well over a decade. Past as prologueLast year, the state’s Republican governor, Ron DeSantis, enacted a series of restrictions and penalties to deter the employment of undocumented workers. Many immigrant workers hastily left the state even before the policies took effect, with social media videos showing some construction sites sitting empty.
Persons: Trump, You’d, couldn’t, Stan Marek, Marek, “ You’d, ” Bryan Dunn, , , Trump’s, ” Taylor Rogers, Karoline Leavitt, ” Tobin, Jim Tobin, ” Marek, George W, Bob Croslin, Ron Hetrick, Hetrick, Ron DeSantis, Luciano, Taylor, Rick Roth, weren’t, Dunn, ” Dunn, he’s “, Kamala Harris, ” Taylor Organizations: Republican, Trump, Companies, Big, Republican National, National Association of Home Builders, Bush Institute and Southern Methodist University, U.S, Sun, NBC, Workers, NBC News Republican Locations: Texas, an, Arizona, Southwest, Greenland, Aurora , Colorado, U.S, Raleigh, Nashville, Houston, San Antonio, Tampa, Fla, Florida, Mexico, South Florida, Tempe, “ Arizona
- | Afp | Getty ImagesMany investors worry about how the outcome of the presidential election will impact their investments. But there's another risk financial advisors are focused on — public debt, according to a new survey from Natixis Investment Managers. The term public debt is used interchangeably by the U.S. Treasury with national debt and federal debt. Experts say there are certain moves individual investors can make to limit the financial exposure they have to those broader risks. For investors who worry the country's debt may lead to slow growth, it can help to add international exposure to a portfolio, Cheng said.
Persons: , they're, Dave Goodsell, Marguerita Cheng, Cheng, Goodsell, Bonds, Barry Glassman, Glassman, Roth, Pare Organizations: Elena Bozeman Government, Afp, Getty, Natixis Investment, Natixis Center, Investor Insight, U.S, Treasury, Social Security, Blue, Global Wealth, CNBC FA Council, Wealth Services, CNBC FA Locations: Arlington , Virginia, U.S, Gaithersburg , Maryland
And it's not the only blockbuster-budgeted film to disappoint at the box office this year. "A combination of hits and flops are a hallmark of every box office year," said Paul Dergarabedian, senior media analyst at Comscore. But for more traditional media companies, that have long traded off their successes at the box office, shareholders still want to see a big theatrical return on investment. UniversalEstimated production budget: $80 million$80 million Global box office: $100 million$100 million Release date: Feb. 14, 2024 Sony's Spider-Man universe films have been hit-or-miss at the box office for years. However, despite solid reviews — a 90% "Fresh" rating on Rotten Tomatoes — the film failed to explode at the box office.
Persons: Joaquin Phoenix, Arthur Fleck, It's, Todd Phillips, it's, Paul Dergarabedian, Shawn Robbins, Robbins, Arthur Fleck's, Lady Gaga, Harley Quinn, Eli Roth's, Cate Blanchett, Kevin Hart, Jack Black, Jamie Lee Curtis, Ariana Greenblatt, Blanchett, — Bryce Dallas Howard, Sam Rockwell, Henry Cavill, John Cena, Samuel L, Jackson, Howard, Elly Conway, Guy, Ryan Gosling, Barbie, Emily Blunt, Oppenheimer, Colt, Jody Moreno's, Blunt, Cassandra Webb, Max, George Miller, Chris Hemsworth, Francis Ford Coppola, Cesar Catilina, Adam Driver, — Adam Driver, Dustin Hoffman, Giancarlo Esposito, Laurence Fishburne, Jon Voight, Coppola Organizations: Warner Bros, Universal, Lionsgate, Sony, Hollywood, Netflix, Apple, Arkham State Hospital, Audiences, Rotten, Fury Locations: Lionsgate's, Dua Lipa, New York City, Australia, York City, New Rome
AdvertisementCheng says he has never worked a corporate job; he's always been a comedian and an online poker player. Jason RoederBut this snark, typically found on X, has seeped into LinkedIn, a much rosier, earnest platform. Roeder quit X and started writing joke posts on LinkedIn about a year ago, he said, after becoming "disillusioned" with what X has become. LinkedIn posts can expose just as much about one person's struggle to find work as they can about another's boasted success. Cheng said the posts had helped him to get comedy gigs, but they've also unlocked new work on the platform itself: as a LinkedIn ghostwriter for executives.
Persons: Ken Cheng doesn't, Cheng isn't, He's, Cheng, Rob Price, Ryan Salame, FTX, Salame, , we're, Michael Scott, — it's, he's, I've, John Mulaney, Mulaney, Jason Roeder, Roeder, Daniel Roth, they've Organizations: LinkedIn, FCI Cumberland, Gallup, Pew Research Center, another's Locations: London, Maryland, America, TikTok, Los Angeles
HSAs require enrollment in a high-deductible health plan, suitable for healthy individuals. After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. You'll have to move your money from your HSA to your HSA investment account. Brent Weiss, a certified financial planner, told BI that he invests his HSA money in a target-date fund: "I'm not getting fancy. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Grant and the Schlagbaums do.
Persons: , Amberly Grant, Grant, she's maxed, Brennan, Erin Schlagbaum, HSAs, it's, it'll, Brent Weiss, I'm, you've Organizations: Service, IRA, IRS
Small-cap stocks are looking very good right now. Lower rates can boost smaller companies by allowing them to borrow money for cheaper and expand their businesses. Smaller companies are more vulnerable to economic cycles. Despite this recently strong performance, small caps are still lagging their large-cap counterparts for the year. To be sure, some on the Street are pointing to another driver for small caps: the potential of a Trump victory on Election Day.
Persons: Russell, IWM, JC O'Hara, Roth MKM, Eric Johnston, Cantor Fitzgerald, Donald Trump, Kamala Harris, Cantor, Howard Lutnick Organizations: Federal Reserve, Fed, Insight Enterprises, Trump Locations: China
HSAs require enrollment in a high-deductible health plan, suitable for healthy individuals. After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. "I decided to get a high deductible health plan because I was young, healthy, and I didn't expect my medical expenses to be too high," she said. Brent Weiss, a certified financial planner, told BI that he invests his HSA money in a target-date fund: "I'm not getting fancy. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Grant and the Schlagbaums do.
Persons: , Amberly Grant, Grant, she's maxed, Brennan, Erin Schlagbaum, HSAs, it's, it'll, Brent Weiss, I'm, you've Organizations: Service, IRA, IRS
Roth conversions on the rise: Here's what to know
  + stars: | 2024-10-16 | by ( Sharon Epperson | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoth conversions on the rise: Here's what to knowCNBC's Sharon Epperson joins 'Squawk Box' to discuss the rise in Roth retirement accounts.
Persons: Roth, Sharon Epperson
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
A reunion tour for the legendary rock band Van Halen was axed because the group's lead singer, David Lee Roth, refused to pay tribute to the late Eddie Van Halen, his brother Alex Van Halen revealed in a new interview with Rolling Stone. Eddie Van Halen, the virtuosic and revered guitarist, died in October 2020 following a bout with cancer at the age of 65. Left to Right: Alex Van Halen, Michael Anthony, David Lee Roth, Eddie Van Halen. It’s not you alone anymore,” Alex Van Halen said. “He was there this morning.”He said he believes he and his brother achieved “what we came here to do.” Speaking of his brother, Alex Van Halen said, “Wherever he is — he’s fine.”
Persons: Van Halen, David Lee Roth, Eddie Van Halen, Alex Van Halen, Stone, Eddie Van Halen's, , ‘ Dave, Ed, Dave f, Michael Anthony, Fin Costello, Queen’s Brian, Freddie Mercury, Roth, “ It’s, Dave, he’s, , That’s, , It’s, ” David Lee Roth, Angela Weiss, He's, “ Ed’s Organizations: Getty, Stone Locations: London
The vast majority of analysts surveyed by FactSet hold a strong buy or buy rating on the stock. Despite its recent slowdown, analysts surveyed by FactSet have a consensus buy rating on the dominant e-commerce platform. Bullish voices on the stock include Goldman Sachs analyst Eric Sheridan, who recently reiterated a buy rating and $230 price target. JPMorgan's Anmuth is similarly positive on Amazon ahead of earnings, rating the stock overweight and saying it remains the favorite in the bank's firm's internet sector coverage. The consensus FactSet rating on Meta is buy, with an average price target of $604, suggesting just 2.3% potential upside.
Persons: Roundhill, , selloff, Goldman Sachs, Kash Rangan, Nvidia's Blackwell, Brad Zelnick, Amit Daryanani, Daryanani, Apple's wearables, qtr, Tim Cook's, you'd, Morgan Stanley, Jensen, Blackwell, Biden, Tesla, enthusiam, Elon, Wells, Colin Langan, Department's, Doug Anmuth, Bank of America's Justin Post, Eric Sheridan, Sheridan, Goldman, Anmuth, Baird, Roth MKM, JPMorgan's Anmuth, Goldman's Sheridan, Meta's, — CNBC's Michael Bloom Organizations: Apple, Microsoft, Nvidia, Tesla, CNBC, Windows, Investment, Deutsche Bank, Justice Department, Blackwell, Bloomberg, Ford, General Motors, EV, Google, FactSet, Bank of America's, ISI, Walmart, Costco, eBay, Meta, Ray, Labs, Facebook, Temu, Goldman Locations: China, FactSet, ., Downside, U.S, Wells Fargo, American, Meta's Asia, Pacific
Israeli military spokesperson Daniel Hagari says the Israel Defense Forces will look into how a Hezbollah-launched drone entered Israel on Sunday without triggering an alert. Hezbollah said it had launched dozens of rockets towards Nahariya and Acre with the aim of engaging Israel’s air defense systems, while it also launched a swarm of drones – some used for the first time – toward areas of Acre and Haifa. The Israeli military said four soldiers were killed in the attack. Emergency services have said more than 60 people were injured. Hezbollah warned Israel that Sunday’s attack was the “easy part of what awaits if (Israel) continues its attack on our defiant people.”On Sunday, the Iran-backed group said it had launched 38 attacks on Israeli soldiers, army bases and barracks in Israel and southern Lebanon — the most since the start of Israel’s war with Hezbollah.
Persons: Daniel Hagari, Hagari, , Organizations: Israel Defense Forces, Golani Brigade Locations: Israel, Binyamina, Lebanon, Nahariya, Acre, Haifa, Iran
Cole transitioned from a $26,000 salary to planning to retire at 45 through four phases. In 2012, I got my first job out of college as a social worker, earning $26,000. I moved into a part-time consulting role for my old company and went all-in on building out my financial coaching business, Money Essentials for Women. I've set myself up to retire at age 45 in 10 years, but transitioning from a $26,000 salary to an early retirement plan came in phases. I'm setting up additional income sources to make money when I'm not actively working on them.
Persons: Annie Cole, Cole, , I've, isn't, it's, I'm, doesn't, you'll, Lauryn Haas Organizations: Service, Women, IRA, FIRE, Independence, lhaas Locations: Vancouver , Washington, asynchronously
Amberly Grant achieved 'coast FIRE' by increasing her income and investing the excess. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . She's also created an additional income stream by purchasing two investment properties and setting up long- and short-term rentals. However, once you reach age 65, you can use your HSA money to cover any expense without incurring a penalty. While Grant can use her HSA funds for medical costs right now, she chooses to pay out-of-pocket so her HSA money can continue to grow and compound.
Persons: Amberly Grant, , she'd, Grant, it'll, she's, who's, it's, She's, I've, Roth, what's, I'm Organizations: IRA, Service, Leeds School of Business, Boulder, FIRE Locations: Portland, San Francisco
While you're doing so, it's also important to consider what counts as "earned income" for a child's Roth IRA. The maximum annual contribution for 2024 is $7,000 or the total of the child's earned income for the year — whichever is less. For instance, if a 16-year-old works at a coffee shop and earns $4,000 over the summer, that $4,000 qualifies as earned income. Earnings from a part-time job, such as working at a grocery store, fast food restaurant, or retail shop, count as earned income. For instance, if a 16-year-old works at a coffee shop and earns $4,000 over the summer, that $4,000 qualifies as earned income.
Persons: Momo, you've, Roth, it's, child's Roth Organizations: Stone, child's Roth IRA, Facebook, IRS
"I Do (I Think)," explores essential conversations of marriage for a Gen Z and millennial audience. When I grew up and started hearing about married couples who had separate finances and alternated who paid for dinner, I found it weird at best and unsettling at worst. My view on married couples with separate finances changedNow that I'm older, I see it all differently. Different states also have different levels of protection for married couples who divorce, which can impact what extra steps you feel you do or don't need to take. I'm not financially savvy and I'm also hyperaware that money conversations can be deeply emotional in ways we aren't always equipped to handle.
Persons: Allison Raskin, , John, I've, Stacy Francis, Francis Financial, I'm, Stacy, Kathleen Burns Kingsbury, Kathleen, Marguerita Cheng, Dominique Broadway, Dominique Organizations: New York Times, Service, Wall, US, Bureau, Corp, IRA, HarperCollins, Hanover Square Press Locations: Hanover
Shares of Meta Platforms are hovering near record highs — but at least one Wall Street analyst is on edge heading into the social-media giants earnings report later this month. "[We] believe buyside expectations for a clean beat and raise quarter have minimal margin of error," Roth MKM wrote. Another reason: Roth MKM believes Temu and Shein are seeing declining importance in using Facebook and Instagram to acquire customers through ads. META YTD mountain Meta Platforms' stock performance so far in 2024. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Roth MKM, Roth, Shein, they've, Jim Cramer's, Jim Cramer, Jim, Porte, Julien De Rosa Organizations: Facebook, Temu, Meta, CNBC, Porte de, Afp, Getty Locations: Asia, Pacific, China, Temu, Europe, Paris
Amberly Grant achieved 'coast FIRE' by saving 75% of her income and investing in index funds. AdvertisementFor years, Amberly Grant didn't earn enough money to save for her future. Rather than spend money on a heating system, "we just decided to be kind of cold," said Grant. Grant refused to spend money on haircuts and manicures. Maxing out 3 investment accounts and achieving 'coast FIRE'By keeping her monthly expenses around $1,300, Grant was able to save about 75% of her pre-tax income right after graduating.
Persons: Amberly Grant, Roth, , Amberly Grant didn't, I've, Grant, I'd, she's, it'll Organizations: Roth IRA, Service, Leeds School of Business, Reading, IRA, BI Locations: Thailand, Sydney, Denver, Portland, San Francisco, Vegas, Colorado
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. U.S. stock futures were little changed Wednesday night as investors looked ahead to the release of September's consumer price index report. Futures tied to the Dow Jones Industrial Average traded near the flatline. Fed funds futures trading data suggests a roughly 70% likelihood of a quarter-point cut, according to CME Group's FedWatch tool. Economists polled by Dow Jones see core CPI, which excludes food and energy prices, rising by 0.2%.
Persons: Dow, Dow Jones, Stephanie Roth Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Federal, Wolfe Research, Delta Air Lines Locations: New York City . U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC investigates the black market of obesity drugsA CNBC investigation into illegal weight loss drugs reveals a marketplace where criminals brazenly counterfeit the drugs or ship the real product from overseas.
Organizations: CNBC
All four drugs are in a class of wildly popular weight loss drugs known as GLP-1s. In the United Kingdom, authorities last year seized hundreds of counterfeit Ozempic pens — insulin pens that had been relabeled as Ozempic. Counterfeit weight loss drugs have serious health risks, according to the pharmaceutical companies and federal officials. Counterfeiters are already trying to cash in on a weight loss drug that the company hasn't even put on the market yet: retatrutide. But it's also one of the epicenters of the lucrative counterfeit drug trade, according to U.S. authorities who track counterfeit drugs.
Persons: It's, , Eli Lilly's Mounjaro, they've, Laver, Andy Morling, CNBC Morling, Eli Lilly, Daniel Skovronsky, Eli Lilly's, we'll, Skovronksy, John F, Sal Ingrassia, Ingrassia, Customs isn't, we've, Yoav Keren, GLP, TikTok, Keren, BrandShield, it's, Nicole Johnson, CNBC Johnson, Johnson, Mike Doustdar, Doustdar, Direnc Bada Organizations: CNBC, U.S, Laver Beauty, DHL, Novo Nordisk, Laver, Medicines, Healthcare Products Regulatory Agency, Lilly Research Labs, Kennedy International, JFK International Mail Facility, U.S . Customs, Border Protection, JFK, CBP, Protection, CNBC CNBC, FDA, Customs, Meta, Facebook, World Health Organization, U.S ., Intellectual, Coordination Center, National, Turkish National Police, Novo Nordisk's, CNBC Counterfeiters, CNBC FDA Locations: BOULDER, COLO, Boulder, Ozempic, Shijiazhuang, China, Beijing, Englewood Cliffs , New Jersey, United Kingdom, London, New York City, U.S, Turkey, Europe, South America, United States, India, Mexico, Istanbul, Zurich
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA soft landing is most likely, says Wolfe Research’s Stephanie RothCNBC’s Steve Liesman and Wolfe Research’s Stephanie Roth, join 'Power Lunch' to discuss their takeaways from the Fed minutes.
Persons: Wolfe, Stephanie Roth, Steve Liesman, Wolfe Research’s Stephanie Roth
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomy isn't out of the woods yet, says Roth Capital's Michael DardaMichael Darda, Roth Capital Partners chief economist and macro strategist, joins CNBC's 'The Exchange' to discuss macro outlooks, expectations for the Fed, and more.
Persons: Roth, Michael Darda Michael Darda Organizations: Roth Capital Partners, Fed
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