Brandon CopelandCopeland MediaBrandon Copeland is a former NFL linebacker turned coach. But the type of coaching he gravitates to isn't in the realm of sports — it's in personal finance.The 33-year-old — who played for six teams across 10 seasons in the National Football League before retiring last year...
Michael M. Santiago | Getty ImagesThe U.S. stock market has been swooning. But there are risks that threaten to put a lid on the euphoria.The three "primary" risks are Federal Reserve policy, a surprise recession and lower-than-expected results on companies' earnings, David Rosenberg, founder and president of economic consulting...
Delmaine Donson | E+ | Getty ImagesHealth savings accounts offer perhaps the best tax perks relative to other investment accounts.But most account holders use them in a way that dilutes their benefits, data shows.Just 19% of HSA participants invest their account assets, according to a new survey by the...
Simpleimages | Moment | Getty ImagesHeading into 2024, consumers should "economize" their budgets, pay down debt and save money, if possible, to boost their personal finances, Dana Peterson, chief economist at The Conference Board, said Thursday at CNBC's Your Money event.This "three-point action plan" is important for households since...
Kathrin Ziegler | Digitalvision | Getty ImagesETF demand outstrips mutual fundsAt a high level, ETFs are investment funds that generally hold a basket of many securities such as stocks and bonds, similar to mutual funds.Unlike mutual funds, however, ETFs are traded on a stock exchange. Like stocks, they can...
Cravetiger | Moment | Getty ImagesThe 60/40 portfolio — a cornerstone strategy for the average investor — has been stressed by the pandemic-era economy and market dynamics.However, "the 60/40 portfolio certainly isn't dead," Holly Newman Kroft, managing director and senior wealth advisor at asset manager Neuberger Berman, said Thursday...
Gasoline was priced from $4.29 a gallon at a fuel station in Virginia on Aug. 16, 2023.Anadolu Agency | Anadolu Agency | Getty ImagesInflation jumped in August on the back of higher gasoline prices, according to the consumer price index.But there's good news for Americans: That increase is likely...
The following is an excerpt from "This week, your wallet," an audio program produced by CNBC's Personal Finance team. Listen to the latest episode here.Social Security is the largest federal program in the U.S. The vast majority of older Americans get Social Security benefits, which either partially or even...
Luke Chan | E+ | Getty ImagesAlmost half — 46% — of 401(k) investors don't know what investments are in their workplace retirement plan, according to a new CNBC Your Money Survey, conducted by SurveyMonkey.But that's not necessarily bad news, financial advisors said.That's because most employers that offer a...
When it comes to earning a decent yield on their savings, consumers may wonder: Should I choose a money market fund or a high-yield savings account?The purpose of each is similar. They generally serve as repositories for emergency funds or savings earmarked for the short term, perhaps to buy...