News
Don’t let a layoff destroy your credit — start with these tips and tools
21+ hour, 28+ min ago (712+ words) Lead Reporter, CNBC Select If you've been laid off, you probably have a million things going through your mind when it comes to your money. While the credit bureaus don't know that you've been laid off, it doesn't mean a…...
Older women set to inherit most of $54 trillion in ‘great wealth transfer’ to widowed spouses
3+ day, 2+ hour ago (892+ words) For many married women, one of the biggest financial transitions of their lives will come when it's least welcome: after the death of their spouse. Women, on average, live longer than men " a longevity gap that means many wives will…...
401(k) withdrawal are at a record high. Consider these money-saving options first
4+ day, 23+ hour ago (1846+ words) Updates editor, CNBC Select A record number of Americans are taking money from their 401(k) plans before retirement, according to a new study from investment firm Vanguard. In 2025, 6% of Vanguard customers with retirement funds initiated a 401(k) hardship withdrawal, up from 5% in…...
This is an 'overlooked tax break' for retirement savers — and many couples miss it, advisor says
4+ day, 23+ hour ago (485+ words) If you're married and in a single-income household, there's still time to boost your 2025 retirement savings through a lesser-known strategy. The move entails using a spousal individual retirement account, which is a separate Roth or traditional IRA for non-earning spouses....
Identity theft can cost you during tax season: It's 'a terrible reverse lottery,' one victim says
1+ week, 3+ hour ago (987+ words) Warris Bokhari received an unexpected tax form in early February, just as the 2026 tax season was ramping up. Uber Technologies, the ride-hailing company, mailed him a Form 1099-K listing about $2,317 in gross income earned through dozens of transactions in November…...
Million-dollar earners have already stopped paying into Social Security for 2026
1+ week, 18+ hour ago (742+ words) In 2026, earnings up to $184,500 are subject to Social Security payroll taxes. As of Monday, individuals with $1 million in annual wage and salary earnings have stopped paying into the program for this calendar year, according to the Center for Economic and…...
Roche shares drop as oral breast cancer drug trial misses goal
1+ week, 1+ day ago (309+ words) Roche's shares dropped more than 5% on Monday as the "Swiss drugmaker failed to show that its promising breast cancer drug "candidate giredestrant can help newly diagnosed patients. At 0956 GMT, the stock trimmed early some losses to trade 4.6% lower at 325.80 Swiss…...
Small 401(k)s may automatically follow workers to their next job — except Roth money
1+ week, 1+ day ago (856+ words) A system designed to help small 401(k) balances follow workers to their next job is running into a snag: Roth accounts. Typically, when you part ways with an employer, you can leave your money in their 401(k) plan if the account value…...
Just got laid off? Here's where to put your severance right now
1+ week, 4+ day ago (531+ words) Associate Reporter, CNBC Select Losing a job can be stressful but getting a severance check can soften the blow. And there are ways to use that money to improve your financial footing. Here's a look at some of the best…...
What the Iran war market turmoil means for those nearing retirement
1+ week, 4+ day ago (780+ words) Volatility is an inevitable part of investing, and financial advisors say most people shouldn't make any major changes to their portfolio solely because President Donald Trump's military campaign in Iran is rattling markets. However, it may be a different story…...