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Sdi Productions | E+ | Getty ImagesIt's been a grueling period for investors amid rising interest rates and lingering recession fears. "Don't get so wrapped up in the markets that you forget about your asset of you — and how you can best protect your money and your legacy," said Braxton, who is also a member of CNBC's Financial Advisor Council. Braxton said it's critical to have estate planning documents, including a will that dictates who will receive your assets upon death, and to keep your beneficiaries updated. While Covid-19 has prompted a rise in estate planning, nearly 66% of American adults still don't have a will, according to a 2023 survey from Caring.com. Braxton said it's also important to have documents for powers of attorney, allowing someone to make financial or health-care decisions on your behalf if you were unable.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinancial advisor on estate planning: 'protect your legacy'2050 Wealth Partners co-CEO and CNBC FA Council member Lazetta Braxton often advises clients on how they can carry the passion they have for investing over into their estate planning.
Catherine Mcqueen | Moment | Getty ImagesInflation is gradually falling but remains high, meaning consumers' budgets continue to be stressed by fast-rising prices. "The best defense against inflation is being true to knowing your necessities and accepting the fact that [prices have] increased," said Braxton, a member of CNBC's Financial Advisor Council. Inflation is a measure of how quickly the prices consumers pay for goods and services are rising. When inflation is high — and outpacing wage growth — there are two basic financial adjustments for households to make ends meet: increase income or decrease expenses, Braxton said. Hourly earnings fell 0.7% in the past year after accounting for inflation — meaning consumers' dollar is getting stretched a bit further.
People wait outside the Silicon Valley Bank headquarters in Santa Clara, California, to withdraw funds after the federal government intervened upon the bank's collapse, on March 13, 2023. watch now"The first line of defense should always be cash," said Braxton, who is a member of CNBC's Financial Advisor Council. Without liquidity, SVB couldn't "absorb the shock of the cash run," and had to sell its assets at the wrong time, she said. It's a valuable lesson for investors who may someday face their own cash crunch due to a job loss or another financial emergency, Braxton said. The first line of defense should always be cash.
Tesla 's stock has been on a "wild ride" and it's time to sell, according to Carter Worth, CEO and Founder of Carter Braxton Worth Charting. Shares of the electric-vehicle maker have surged 38% since the start of the year, following last year's 65% plunge. Last week, Tesla reported record revenue and an earnings beat. CEO Elon Musk also said the company was on target to potentially produce 2 million vehicles this year. ""The play here, if you are long, is to exit and with new money, I would be short."
The family lived down the street from the potter’s field where the boy was first buried, and placed flowers there on holidays. It’s a confluence of great detective work, cutting-edge science and the careful art of genealogical research, retired city detective William Fleisher said in his graveside remarks Friday. “It is a big part of our city’s history, a big part of the Philadelphia Police Department’s history. So this is everybody’s victory.”Police now believe the boy lived in West Philadelphia, miles across town from where his body was found. “This has been our whole lives, with this boy, our whole entire lives, since we were children,” said Kim Augustine, 56, Braxton’s sister.
Other world leaders who died in 2022 include former Soviet leader Mikhail Gorbachev, who died in August. The final days of 2022 saw the loss of some exceptionally notable figures, including Pope Emeritus Benedict XVI. Here is a roll call of some influential figures who died in 2022 (cause of death cited for younger people, if available):___JANUARY___Dan Reeves, 77. A Cuban-born artist whose radiant color palette and geometric paintings were overlooked for decades before the art world took notice. A prolific character actor best known for playing villains and tough guys in “The Manchurian Candidate,” “Ocean’s Eleven” and other films.
Stephen ‘tWitch’ Boss, the longtime DJ on Ellen DeGeneres’ talk show, has died, according to his wife. Boss was pronounced dead just before 11:30 a.m. local time on Tuesday in Encino, the medical examiner said. Stephen 'tWitch' Boss in 2018. Holker Boss said her husband valued family, friends and community, adding that "leading with love and light was everything to him." Ellen DeGeneres said she was left “heartbroken” by news of Boss’ death, calling him "pure love and light."
Turns out it’s the same sample, a sleight of ear designed to trigger warm nostalgia, and also maybe a little confusion. Even its video is optimized for recognition, with Santana doing the same stomp Beyoncé does in hers, in an almost identical outfit. Throughout 2022, that gambit has been deployed again and again — by pop singers and rappers, established stars and newbies. Here, old songs — hip-hop classics, pop novelties and more — are scrunched and stretched sometimes to the point of absurdity. These songs are concessions that say the quiet part out loud — everyone has always been borrowing voraciously, from everyone else, constantly.
A “general amnesty” has restored hundreds of accounts of right-wing activists and QAnon adherents, according to data reviewed by NBC News. The reinstatement of far-right accounts has coincided with a series of bans of left-wing accounts, leaving users unsure of how the company is now applying its rules. It’s a dangerous combination.”The reinstatements and bans come as researchers continue to monitor an uptick in hate speech, and high-profile users leave the platform. Among the spammers, copyright rule-breakers, adult-content creators and high-profile accounts, Twitter has reopened the door to a growing and emboldened community of trolls, white nationalists, conspiracy theorists and extreme right-wing activists. Those reinstatements also come after Twitter dramatically reduced its staff, including those dedicated to dealing with abuse and hate speech.
Black users have long been one of Twitter’s most engaged demographics, flocking to the platform to steer online culture and drive real-world social change. But a month after Elon Musk took over, some Black influencers are eyeing the exits just as he races to shore up the company’s business. And while there is no hard data on how many Black users have either joined or left the platform over that period, some prominent influencers say they’re actively pursuing alternatives. Some signs indicate a slowdown among Black Twitter users that predates Musk. “It’s crippling to the economies of cities when Black folks leave, platforms when Black folks leave, entertainment sites when Black folks leave,” she said.
Three former Georgia sheriff's deputies were arrested and charged for allegedly beating a Black inmate in a videotaped September attack that "shocked the conscience," authorities said Tuesday. They had already been fired by the Camden County Sheriff’s Office prior to their arrests. The arrests come a week after attorneys for inmate Jarrett Hobbs released several videos showing deputies allegedly beating him on Sept. 3 at the Camden County Jail in Woodbine. The videos showed the deputies appearing to punch Hobbs, drag him from his cell, slam him against a wall, and kick him repeatedly. The incident led to the sheriff's office and the Georgia Bureau of Investigation launching separate investigations.
Multiple celebrities say they have quit Twitter in the wake of Elon Musk's takeover. Now, some celebrities are making good on their threats to quit Twitter. Téa LeoniThe actress best known for her role in "'Madam Secretary" has also seemingly deleted her Twitter account. Gigi HadidThe fashion model took to Instagram to condemn Twitter, especially under Musk's leadership, announced she'd be deactivating her account. "I deactivated my Twitter account today.
Twitter's new paid-for checkmark system has created a Wild West of scamming and parody. Billionaire Mark Cuban also told Musk he spent "too much time" muting newly verified accounts. The new system has also created a Wild West of scamming and parody, with users impersonating public figures from George W. Bush to OJ Simpson, as well as LeBron James and Donald Trump's former lawyer Rudy Giuliani. A Wild West TwitterA screengrab of a verified Twitter page impersonating the social media platform's account. TwitterMore "verified" accounts impersonating high-profile individuals continue to emerge.
Model Gigi Hadid has deactivated her Twitter account after 10 years on the platform. She said that Twitter was becoming more of a "cesspool of hate" and "bigotry" under its "new leadership." Hadid is the latest in a string of celebrities who have left the platform following Musk's takeover. She wrote underneath the screenshot: "I deactivated my Twitter account today. Hadid apologized to her fans, saying she had "loved connecting with" them for a decade on Twitter.
Six GOP-led states said in a lawsuit that Biden's student-debt relief will hurt loan company MOHELA. "It is unconscionable that your company—as one of the largest student loan companies in the world—would be involved in overtly political efforts to rob millions of their right to student loan debt relief," Bush wrote in her October 18 letter. Any available funds above reasonable operating needs and reserves are devoted by MOHELA to student financial aid." Even with this new information, it's unclear when the 8th Circuit will make a decision on whether the debt relief can move forward. "MOHELA has cut the single thread this frivolous lawsuit was hanging by, Braxton Brewington, spokesperson for advocacy group the Debt Collective, said in a statement.
Elon Musk's acquisition of Twitter has some in Hollywood heading for the exit. Bye," Rhimes tweeted to her nearly 2 million Twitter followers on Saturday afternoon, two days after the billionaire tycoon closed his $44 billion deal to purchase the service. Here's a running list of other folks from the overlapping worlds of television, movies, music and sports who say they plan to leave. Sara BareillesThe Grammy-winning singer/songwriter tweeted to her nearly 3 million followers on Sunday: "Welp. I’m coming off Twitter today—let’s see where we are when the dust settles."
No judgment if Halloween is your thing, but I don’t like to be scared so I don’t indulge. Three things to watch‘The Surreal Life’The new cast of "The Surreal Life" sit down for dinner -- and some heated conversation -- in a scene from the VH1 show. From VH1/YouTubeI should probably start by mentioning that Dennis Rodman likes to walk around the house in which he filmed the new season of “The Surreal Life” naked. ‘The White Lotus’ Season 2(From left) Will Sharpe, Aubrey Plaza, Meghann Fahy and Theo James in a scene from season 2 of "The White Lotus" on HBO. And not to give too much away, but there’s a cool scene in season two which addresses binge-watch culture.
NFL roundup: Bills edge Chiefs in AFC Divisional round rematch
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +9 min
Allen passed for 329 yards and three touchdowns for the Bills, who have the best record in the AFC. Register now for FREE unlimited access to Reuters.com RegisterButker booted a 44-yard goal to give the Chiefs a 20-17 lead with 9:49 remaining in the fourth quarter. Jimmy Garoppolo threw two first-half touchdown passes to Brandon Aiyuk, but also mixed in a pair of interceptions on a 29-for-41, 296-yard day. Bengals 30, Saints 26Joe Burrow threw three touchdown passes as visiting Cincinnati came from behind in the fourth quarter to defeat New Orleans. The two connected on a scoring strike with 9:55 left in the fourth quarter to help the Steelers snap a four-game losing skid.
Ready to start saving? Do it in this order
  + stars: | 2022-03-01 | by ( Beth Braverman | ) edition.cnn.com   time to read: +6 min
Financial experts generally advise saving 10% to 15% of your income, but if that’s not possible right now, start setting aside whatever you can and increase the amount over time. A Health Savings AccountIf you have a high-deductible health plan through work, you might also have access to a health savings account. Money goes in tax-free, grows tax-free, and comes out tax-free if you use it for qualified medical expenses. Max out your 401(k) or other retirement savings accountsOnce you have your basic savings plans in order you can start really boosting your retirement savings. Individuals health plans with deductibles of at least $1,400 are considered to be high-deductible and are eligible for a Health Savings Account.
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