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Rethinking the 4% rule in retirement
  + stars: | 2024-11-25 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +6 min
The most commonly recommended rule of thumb is the so-called 4% rule, which means you spend 4% of your portfolio every year, on an inflation-adjusted basis. When you die, your nest egg could be almost as large if not larger than it was on your first day of retirement. For example, Morningstar ran simulations on a $1 million portfolio over 30 years using the 4% rule. That’s because the rule is based on a very high probability that you never exhaust your nest egg. “It’s not just about getting employees to retirement but (helping them figure out) what to do once they’re in retirement,” Williams said.
Persons: you’d, William Bengen, Morningstar, ” Christine Benz, , Rob Williams, Charles Schwab, Williams, It’s, Mark Warshawsky, Warshawsky, Craig Copeland, “ It’s, ” Williams Organizations: CNN, Social Security, Social Security Administration, Social, American Enterprise Institute, American Council for, Research
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Donald Trump's, Scott Bessent, Bessent, it's, Stanley Black, Decker, Stanley, Trump's, We're, Trump, we're, we'll, JM Smucker, Jim Cramer's, Jim Organizations: CNBC, Stanley, EBW, Reuters, Biden, LNG, Coterra Energy, Abercrombie, Fitch, Burlington Stores, Dick's Sporting Goods, Jim Cramer's Charitable Locations: China, Israel, Kohl's
There's one key reason the U.S. stock market rallied after this month's presidential election, and it wasn't necessarily because of the outcome, according to Dan Clifton of Strategas. "What we saw was that the market was pricing in a 50-50 election. [Investors] didn't know who was going to win," Clifton, the firm's head of Washington policy research, told CNBC's Dominic Chu in this special Pro Talks discussion available to all readers. Instead, "we had it very clear … we knew [President-elect Donald Trump] was going to win," he said. (Pro subscribers can watch the full interview here .)
Persons: Dan Clifton, Clifton, CNBC's Dominic Chu, Donald Trump, Trump, gridlock — Organizations: CNBC, Republicans, Senate, CNBC Pro Locations: Strategas, Washington
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: XRT, Murphy, GCO, Katie Stockton Organizations: P Retail, Levi's, Johnston, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities
Calin Georgescu, who ran independently, will face off against reformist Elena Lasconi in a runoff in two weeks. Georgescu, 62, was ahead after nearly all ballots were counted with around 22.95% of the vote. Lasconi of the progressive Save Romania Union party, or USR, followed with 19.17%. Georgescu, 62, won 43.3% of the vote in Romania’s large diaspora, compared to Lasconi who got 26.8%. Romania will also hold parliamentary elections on Dec. 1 that will determine the country’s next government and prime minister.
Persons: Calin Georgescu, Elena Lasconi, Georgescu, Marcel Ciolacu, George Simion, Lasconi Organizations: Romania Union, Social Democratic Party, Alliance, Unity, PSD, Bureau, European Union, NATO, Facebook, Romania, United Nations Environment, Associated Press Locations: Romania’s, pedology, Romania, Ukraine
Read our Saatva Classic Mattress review. The best Black Friday Saatva mattress dealsSaatva Classic Mattress (Queen) $1,695.00 $2,095.00 Save 19% The Saatva Classic Mattress is designed to suit a variety of sleeping styles and features a plush top for luxurious comfort. View at Saatva What we like Check mark icon A check mark. Zoned supportCheck mark icon A check mark. View at SaatvaSaatva mattress FAQWhich Saatva mattress is best?
Persons: Saatva, we've, Long Organizations: Business, Saatva Locations: Saatva, Copenhagen, Sydney, Amalfi
This is one of several misconceptions about nuclear energy: America’s nuclear waste is not buried in a mountain or tucked at the bottom of a deep, rocky cavern. That is almost entirely because Americans are by and large opposed to living anywhere near nuclear waste, and suspicious of governments’ or utilities’ attempts to assuage nuclear fears. The byproduct of nuclear energy is still associated with atomic bombs or nuclear meltdowns. On the threshold of America’s nuclear energy renaissance, federal officials are pleading with communities to say yes to storing spent fuel. No state has yet raised its hand to store the country’s nuclear energy waste, despite the lucrative deals it could foment.
Persons: BUCHANAN, Trump, Homer Simpson, , Paul Murray, Murray, Brian Vangor, Julian Quinones, Bill Gates, James Kenney, Nathan J Fish, Matt McClain, Bob Bell, Canada –, Allison McFarlane, , Harry Reid, Bob Riha Jr, ” Murray, , Sergio Flores, Kenney, ” Thoreau, Ezekiel Gonzales, Frank Rusco, Alvin W, Mike Stewart, Greg Piefer, Democratic Sen, Ben Ray Lujan Organizations: New York CNN, US Energy, CNN, New Mexico –, Manhattan Project, New Mexico’s Environment Department, Cruces Sun, Trinity, White, Washington Post, US, US Nuclear Regulatory Commission, Las Vegas, Supreme, Regulatory, Bloomberg, Getty, Taxpayers, Office, Alvin, Shine Technologies, Democratic Locations: New York, York, China, Georgia, Pennsylvania, New Mexico, Lea County , New Mexico, Cruces, New mexico, Finland, Sweden, Canada, Nevada, Las, British, France, Japan, Texas, Midland , Texas, Mexico, Thoreau , New Mexico, , , Waynesboro , Georgia, Ben Ray Lujan of New Mexico
CNN —President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration. What America importsThe United States’ top import from Canada is oil, which reached a record 4.3 million barrels per day in July, according to the US Energy Information Administration. The United States imports a significant amount of electronics from China, in addition to machinery, toys, games, sports equipment, furniture and plastics. The Trump tariffs also hit foreign steel, aluminum, washing machines and solar panels. He did just that when he was last in the White House, placing large tariffs on goods, primarily from China.
Persons: Donald Trump, Trump, ” Trump, , , Liu Pengyu, ” Liu, Dow, Karl Schamotta, United Nations ’, It’s, Scott Bessent, Bessent’s, Trump’s, CNN’s Matt Egan, Jack Forrest Organizations: CNN, United, Embassy, United States, Canadian, Nasdaq, Treasury, America, US Energy Information Administration, United Nations, Commerce Department, Peterson Institute for International Economics, Senate, Commerce, US Trade Representative Locations: Mexico, Canada, China, , United States, United, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's what to expect from the Department of Government Efficiency, or DOGEJason Furman, former Council of Economic Advisers chairman under Obama, and Doug Holtz Eakin, former Congressional Budget Office director, join 'Squawk Box' to discuss what government efficiencies can get done through executive actions, if DOGE can reach its goals, and much more.
Persons: Jason Furman, Obama, Doug Holtz Eakin Organizations: Department of Government, of Economic, Budget
255 rushing yards in a game is also the ninth-most ever recorded in a single game by one player. The 27-year-old had 73 yards in the first half before exploding for a 70-yard touchdown on the second half’s first play. “My whole mantra this offseason and this season: how consistent I can be day-to-day,” he said after the game. “Whether I rush for 250 yards or I rush for 50 yards, still come in on Monday and do the same thing. Daniels did continue his historic first NFL season as he joined Washington’s quarterback, Marcus Mariota, as the only rookie quarterbacks ever with at least 250 passing yards, 70 rushing yards, two touchdown passes and a rushing touchdown in a game.
Persons: Saquon Barkley, Barkley, Derrick Henry, Los Angeles Chargers –, , Jalen, , Jared Verse, he’d “, ” Barkley, Ronald Martinez, Kyren Williams, Barkley’s, Matthew Stafford, DeMarcus Robinson, Cooper Kupp, Luke Schoonmaker, Zach Ertz, KaVontae Turpin, KaVontae Turpin's, Timothy Nwachukwu, ” Turpin, Austin Seibert, Jayden Daniels, Mary, Daniels, Terry McLaurin, McLaurin, Seibert, Juanyeh Thomas, Mike McCarthy, Marcus Mariota, Patrick Mahomes, Mahomes, Noah Gray, DeAndre Hopkins –, Bryce Young’s, Chuba Hubbard, Spencer Shrader, Harrison Butker –, Grant Halverson, I’ve, you’ve, Russell Wilson, Travis Kelce, Antonio Gates, Tony Gonzalez, Jason Witten Organizations: CNN, Philadelphia Eagles, Sunday, Football, Los Angles Rams, New York Giants, Philadelphia, Eagles, Baltimore Ravens, Los Angeles Chargers, ” Eagles, ” Rams, Rams, NFC, Washington Commanders, Dallas Cowboys, Cowboys, Northwest, Washington, Chicago Bears, Dallas, ” Dallas, Washington’s, Chiefs, Kansas City Chiefs, Carolina Panthers, Panthers, Carolina Panthers Minnesota Vikings, Chicago Bears Tennessee Titans, Houston Texans Detroit Lions, Indianapolis Colts New England Patriots, Miami Dolphins Tampa Bay Buccaneers, New York Giants Dallas Cowboys, Denver Broncos, Las Vegas Raiders San Francisco 49ers, Green Bay Packers Arizona Cardinals, Seattle Seahawks Philadelphia Eagles, Los Angeles Rams Locations: Los Angeles, Landover , Maryland, Dallas, Washington, Carolina, Young
AdvertisementMike Schur is known for clever, kind-hearted TV shows like "Parks and Recreation" and "The Good Place." Schur explained to BI why all his shows have a central theme of hope and his philosophy as a boss. Related storiesSchur's Hollywood success started with a stroke of good luckSchur with cast on the set of "Parks and Recreation." AdvertisementSchur's management style boils down to being a good personSchur, center, with the cast of "The Good Place" during Universal Television's TCA Studio Day events. Schur on the set of "The Good Place."
Persons: Mike Schur, Schur, Charles, Ted Danson, he's, Colleen E, who's, I've, Obama, Ben Cohen, It's, Greg Daniels, Daniels, Evans Vestal Ward, Colleen Hayes Organizations: Netflix, Recreation, Hayes, Hollywood, NBCU, Getty, Universal, NBC Locations: Purgatory, Chilean, Pacific, Hollywood
Opinion | Overcoming Obesity, With Diet and Physical Education
  + stars: | 2024-11-25 | by ( ) www.nytimes.com   time to read: +1 min
Sadly, many individuals resort to easy-to-prepare and tasty ultra-processed foods that are loaded with salt, sugar and fats and that lack essential nutrients. Consumption of ultra-processed foods is associated with obesity, as the article points out. We know what constitutes a healthy diet that helps to enable those who consume it from becoming overweight. But the only way to match such a diet is to prepare healthy, accessible and affordable meals at home. Without more emphasis on home cooking, obesity rates will continue to soar.
Persons: Stacey Bell
In July 2023, Mace described herself as “pro-transgender rights” and voiced support for children exploring their identities, such as by changing pronouns, hairstyles or clothing. Just a month after describing herself as “pro-transgender rights” and supporting children exploring their identities, Mace spoke out against transgender women competing in women’s sports. In texts with CNN, Mace reiterated her past support for LGBTQ rights, including voting for same-sex marriage. Mace, however, also described transgender individuals as needing to “seek help.”“Voted for gay marriage twice. “I strongly support LGBTQ rights and equality,” she said at the time.
Persons: Nancy Mace, , Sarah McBride of, Mace, ” Mace, Johnny, Jill ’ —, ” “, , , they’ve, Mike Johnson, McBride, “ I’m, Speaker Johnson Organizations: CNN — Republican, South Carolina Republican, Capitol, Democratic Rep, Republican, CNN, Capitol and, Louisiana Republican Locations: Sarah McBride of Delaware, Louisiana
But it needs to invest more in quantity if it wants to defend against Russia, warfare experts said. Russia's invasion of Ukraine is showing the West the value of quantity over quality. AdvertisementAnd in the aftermath of the Cold War, Western stockpiles of weaponry diminished and industry shrunk, leaving it less prepared to build large quantities of munitions and equipment. Advertisement"Assuming that you don't decisively defeat the Russians in the opening phase of the war," Barros said, "you're going to burn through all your ATACMS and HIMARS missiles and artillery ammunition." In an image taken from a video distributed by the Russian Defense Ministry Press Service in October, a Russian 120mm mortar crew fires toward a Ukrainian position.
Persons: Zelenskyy, Mick Ryan, George Barros, Abrams, Michael O'Hanlon, Barros, ANATOLII STEPANOV, that's, isn't, O'Hanlon, William Alberque, Alberque Organizations: Australian Army, Institute for, NATO, American, Brookings Institution, Getty, Stimson Center, Russian Defense Ministry Press Service, AP Locations: Ukraine, Western, Russia, China, West, Soviet, Ukraine Russia, Russian, Ukrainian, North Korea, Iran
"Kids' imagination can run wild with what they think they should be getting," he said. Well, that's exactly why you want to discuss it, and not "punt that mess for when you're not around," Boneparth said. A child with a spending problem might inherit a trust, Boneparth added, in which they receive their bequest in regular installments. Aitor Diago | Moment | Getty ImagesYou might ask the well-off child, McClanahan said, "'Do you really care how I leave our assets? "When you're creating your estate document, ask your children in advance what's important to them," McClanahan said.
Persons: Warren Buffett, Berkshire Hathaway Inc Daniel Zuchnik, Douglas Boneparth, Boneparth, Buffett, you'll, Carolyn McClanahan, Aitor, McClanahan Organizations: Berkshire Hathaway Inc, Planning Partners Locations: New York City, Jacksonville , Florida
CNN —Despite his campaign promises to leave the issue to the states, President-elect Donald Trump’s administration will shape the national landscape around abortion and reproductive health. And his administration may also be forced to choose whether to pursue other changes, such as how the abortion drug mifepristone is regulated. “Back in April, President Trump made clear that he thinks abortion policy should be left to the states,” Kniffin said. If the Trump administration seeks to undo those and other agency measures, it could make those lawsuits moot. He says he won’t sign a federal bill on abortion,” said one prominent anti-abortion activist, who asked for anonymity to speak candidly.
Persons: Donald Trump’s, Trump, Roe, Wade, Dobbs, wouldn’t, Donald Trump, Joe Biden, Evan Vucci, he’s reneging, , Julia Kaye, Biden, Eric Kniffin, ” Kniffin, , Evelyn Hockstein, Danco, Roger Severino, Greer Donley, ” Donley, Matthew Kacsmaryk —, Dobbs —, , Robert F, Kennedy Jr, Kennedy Organizations: CNN, Jackson, Health Organization, Biden, , Trump’s, Department, White House, DOJ, mifepristone, ACLU, Public Policy Center, GOP, Alamo Women's, Trump Justice Department, Food, Justice, White, Trump, Heritage Foundation, Human Services Department, University, Pittsburgh, Republican, Biden Justice, US Health, Biden Justice Department, Trump DOJ, Circuit, HHS Locations: Dobbs v, reining, Amarillo , Texas, Carbondale , Illinois, Reuters Missouri , Kansas, Idaho, America, Oklahoma, Washington ,
UNFCCC Executive Secretary Simon Stiell speaks in the early hours at the conclusion of the UNFCCC COP29 Climate Conference on November 24, 2024 in Baku, Azerbaijan. Ambitious climate action often requires ambitious financing — be it a clean energy transition project or helping developing countries mitigate the effects of natural disasters. Nearly 50,000 people from 200 countries — including, for the first time, the Taliban rulers of Afghanistan — were in Azerbaijan for this year's United Nations Climate Change Conference, with the goal of reaching a critical deal on climate finance. Some of the highest human costs will be paid by smaller nations that are disproportionately affected by climate change, including Pacific Island nations whose existence is threatened by rising seas. But with COP29 weighed down by geopolitics and domestic turmoil, some were reluctant to attend at all.
Persons: Simon Stiell, Donald Trump, General Ban, Ruth Townend, COP29 Organizations: Conference, Change, World Meteorological Organization, House, Pacific Locations: Baku, Azerbaijan, Afghanistan, United States, Paris, London
AdvertisementTikTok hosted a Los Angeles creator summit focused on long-form content and monetization. The event emphasized high-quality content but notably left out the looming US ban. The company's creator summit in Los Angeles focused on horizontal long-form video, platform monetization, and the power of fandoms. Amanda Perelli/Business InsiderTips TikTok shared with creatorsIn a keynote presentation, Samuels said TikTok was looking for creators who could master storytelling. AdvertisementHigher-quality content also performs better on TikTok's horizontal video tool, TikTok said at the event.
Persons: TikTok, TikTok execs, , I'm, Kim Farrell, TikTok's, Farrell, Melissa Tecson, Norissa Samuels, Tecson, Linqia, Amanda Perelli, Samuels Organizations: YouTube Locations: Angeles, Los Angeles, North America
AdvertisementLate YouTube CEO Susan Wojcicki wrote a blog post weeks before her death about her cancer diagnosis. She was diagnosed in late 2022, with non-small cell lung cancer, the most common form of lung cancer. Women, whose highest cause of cancer death is lung cancer (as opposed to breast cancer) might also be unaware of the risk factors. Lung cancer research is underfundedSinghi said Wojcicki's blog post is an important rallying cry. It's "wild" to him that lung cancer is so under-researched, given that it's also the biggest cause of cancer death worldwide.
Persons: Susan Wojcicki, Wojcicki, Katie Williams, Dennis Troper, Larry Page, Sergey Brin, Eric Singhi, Singhi, Lung, it's Organizations: YouTube, Lung Cancer, Cancer, Environmental Defense Fund, American Lung Association
Chief among them is Bonobos, and the Bonobos Black Friday sale offers some serious bang for your buck. The brand is best known for its iconic, great-fitting chinos in a wide range of colors and sizes, and our Bonobos chinos review dives into why we love the brand so much. The best Black Friday Bonobos dealsBonobos its start making pants and became best known for its well-made chinos. Bonobos Fireside Flannel Lined Chinos $90.30 $129.00 Save 30% Bonobos took the stellar fit of its iconic chinos and then upgraded them with a cozy lining. View at BonobosBonobos Gramercy Premium Jeans $104.30 $149.00 Save 30% Yes, Bonobos does jeans as well as they do chinos.
Persons: suiting, we've, Bonobos, Washable Organizations: Business, Black, Bonobos, Chino, Oxford Locations: chino, Cashmere, Cardigan
Oil prices retreated on Monday following 6% gains last week, but remained near two-week highs as geopolitical tensions grew between Western powers and major oil producers Russia and Iran, raising risks of supply disruption. "Oil prices are starting the new week with some slight cool-off as market participants await more cues from geopolitical developments and the Fed's policy outlook to set the tone," said Yeap Jun Rong, market strategist at IG. "Tensions between Ukraine and Russia have edged up a notch lately, leading to some pricing for the risks of a wider escalation potentially impacting oil supplies." Enforced sanctions could sideline about 1 million barrels per day of Iran's oil exports, about 1% of global oil supply, he said. Investors were also focused on rising crude oil demand at China and India, the world's top and third-largest importers, respectively.
Persons: Jun Rong, Trump, Brent, Yeap, centrifuges, Vivek Dhar, Priyanka Sachdeva, Phillip Nova, Sachdeva Organizations: Brent, U.S, West Texas, Russia, IG, IAEA, Commonwealth Bank of Australia Locations: Russia, Iran, Ukraine, United States, Kyiv, Iranian, China, India, U.S
Chip Leighton's viral 'teenager texts' highlight how little some kids know about money. As the creator of "The Leighton Show," his social media posts, which have collectively been seen more than 250 million times, hilariously highlight some of the texts teenagers send their parents. Leighton, who has two children of his own, receives thousands of messages from parents of teenagers across the country — some of which he uses for content. covers some of the best — or worst — texts from teenagers. One section is devoted entirely to money-related topics, often related to a first job or taxes.
Persons: Chip Leighton's, Chip Leighton, she'd, Leighton, it's Organizations: Finance
The money, known as a Guaranteed Basic Income, is generally awarded for a year or two in monthly payments of $500 to $1,000. To see how the programs are working, we interviewed dozens of participants from a wide range of backgrounds and circumstances. What we found is that a guaranteed income — even a small one — can have a profound impact on people’s lives. To be sure, the guaranteed income isn’t enough to guarantee a better life. “The income makes the pain a little bit more tolerable, but it doesn’t take it completely away.
Persons: Jessica Nairns, , , didn’t, Raven Smith Locations: Austin, Portland
Large fire breaks out in Philippines shanty town
  + stars: | 2024-11-25 | by ( ) edition.cnn.com   time to read: 1 min
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