In this article CB Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.  CNBC Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it’s insurer Chubb. His conglomerate Berkshire Hathaway has bought nearly 26 million shares
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10’000 Hours | Digitalvision | Getty Images In an increasingly digital world, the specter of financial fraud looms large, especially for older adults. My experience with an 81-year-old client offers a stark illustration. While assisting “Emma” (not her real name) with email issues, I witnessed her vulnerability to scams firsthand. Despite my repeated warnings over
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Damircudic | E+ | Getty Images The tax deadline is approaching and there’s still time to score a deduction with a pretax individual retirement account contribution — if you qualify. For 2023, the IRA contribution limit was $6,500, plus an extra $1,000 for investors age 50 and older. That increased to $7,000 for 2024, with
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Delmaine Donson | E+ | Getty Images Wedding and engagement season is right around the corner and that means many couples will embark on a path toward marriage. One of the most important conversations newlyweds will need to have is figuring out how and who will pay the bills. The goal is to ensure the
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Greg Hinsdale | The Image Bank | Getty Images For registered investment advisors, advancements in artificial intelligence have brought to the surface lingering feelings of unease that many advisors have had since the robo-advising boom of the early 2010s. The AI explosion has dovetailed with Thomas Moore’s time as the director of Betterment for Advisors.
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As the costs at some colleges near $100,000 a year, families need a savings strategy they can bank on. Financial experts and plan investors agree that 529 college savings plans are a smart choice for many. And, as of 2024, there are even more benefits, including higher contribution limits and the flexibility to roll unused
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Lourdes Balduque | Moment | Getty Images High inflation eased slightly in April, which may provide some relief to consumers who have been contending with elevated prices.   For retirees and people approaching retirement, higher than normal inflation poses unique challenges. Most retirees have access to one of the few inflation-adjusted sources of income —
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Keeping up with credit card debt is getting more difficult. Americans now owe $1.12 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,218, up 8.5% year over year, according to a separate quarterly credit industry insights report from TransUnion. “Consumers continue to use credit,
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D3sign | Moment | Getty Images As the affordable options and relief measures for federal student loan borrowers pile up, consumer advocates advise caution before refinancing your debt. “How’s this for a warning? DON’T!” Betsy Mayotte, president of The Institute of Student Loan Advisors, wrote in an email to CNBC. Refinancing your federal student loans turns
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