Peter Kramer/NBC via Getty ImagesU.S. consumers would likely see prices increase if President-elect Donald Trump follows through with a plan to levy import tariffs, experts said Tuesday during CNBC's Financial Advisor Summit."Either way, there is a cost to consumers," said Erica York, senior economist at the Tax Foundation.A tariff...
Stock traders on the floor of the New York Stock Exchange.Michael M. Santiago | Getty Images News | Getty ImagesMany large U.S. companies have seen their stocks swell since the presidential election.The top 10 performing stocks in the S&P 500 index saw returns of 18% or more since Election...
Mixetto | E+ | Getty ImagesThe share of Americans with credit-card debt in retirement has jumped considerably — a worrisome financial trend, especially for those with little wiggle room in their budgets, experts said.About 68% of retirees had outstanding credit-card debt in 2024, up "substantially" from 40% in 2022...
Bernd Vogel | Stone | Getty ImagesBrad Klontz was drawn to financial psychology after the tech bubble burst in the early 2000s.Klontz had tried his hand at stock trading after seeing a friend earn more than $100,000 in one year. But he felt immense shame after the market crashed...
Laylabird | E+ | Getty ImagesMost Americans will have a lower tax burden in retirement than during their working years.However, that may not be the case for some retirees, especially for higher earners and big savers, which could have a significant impact on their financial plans, according to financial...
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...