Cecilie_Arcurs | E+ | Getty Images The IRS has announced new 401(k) catch-up contribution limits for 2025. In its release on Friday, the agency boosted the 401(k) contribution limit to $23,500 for 2025. But catch-up contributions for savers age 50 and older will remain unchanged at $7,500. The limits apply to workplace plans, including 401(k)s,
Month: November 2024
The IRS has announced that the amount of tax-favored funds that you can sock away for retirement is increasing. In 2025, the amount individuals can contribute to their 401(k) plans will tick up to $23,500—it was $23,000 for 2024. The announcement is tied to cost‑of‑living adjustments for pension plans and other retirement-related items for tax
Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023. Dimitrios Kambouris | Getty Images Greek media company the Antenna Group is in talks to acquire fellow media company Time from Salesforce co-founder Marc Benioff, according to people familiar with the matter. No deal is
Coterra Energy on Thursday delivered mixed third-quarter results for sales and earnings. However, production volumes and cash generation — the latter being what the Street really cares about — came in ahead of expectations. Revenue in the three months ended September 30 was essentially flat versus the year ago period at $1.36 billion but did
Ferragudo, Portugal. Gonzalo Azumendi | Stone | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. A growing number of wealthy Americans are making plans to leave the country in
In this article D Follow your favorite stocksCREATE FREE ACCOUNT The Dominion coal burning power plant is seen in Saint Paul, Virginia on Tuesday, February 7, 2023. Community leaders in Southwestern Virginia are giving serious consideration to the idea of utilizing formerly mined coal sites to house small modular nuclear reactors. Mike Belleme | The
D3sign | Moment | Getty Images The IRS has unveiled the Roth individual retirement account contribution and income limits for 2025. For 2025, the total contribution limit to Roth IRAs remains $7,000, unchanged from 2024, according to the IRS’ announcement on Friday. If you are 50 or over, catch-up contributions also remain unchanged at $1,000.
The Centers for Medicare and Medicaid Services is notifying almost 950,000 Medicare beneficiaries that their personally identifiable information was compromised in late May 2023. In a press release, CMS reported details of the situation. Here’s a Readers Digest summary. In May 2023, Wisconsin Physicians Service identified a vulnerability in its system for transferring files. WPS
In this article UVV Follow your favorite stocksCREATE FREE ACCOUNT Wicked, Gladiator II, and Moana 2 Movie Posters. Sources: Universal (L), Paramount (C) and Disney (R) Three heavyweight Hollywood blockbusters will face off at the box office in November, each vying for audience attention, ticket sales and time on theaters’ biggest screens. Universal‘s “Wicked,” Paramount‘s
In this article XOM Follow your favorite stocksCREATE FREE ACCOUNT An Exxon gas station is seen in the Brooklyn borough of New York City on Oct. 6, 2023. Michael M. Santiago | Getty Images Exxon Mobil beat third-quarter earnings expectations, as the oil major reached its highest production level in more than four decades. Here
UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in Liverpool, UK on September 23, 2024. Anadolu | Getty Images LONDON — British tech bosses and venture capitalists are questioning whether the country can deliver on its bid to become a global artificial
Impulse spending has a cure. So-called “slow shopping” promotes the importance of taking time to think through each purchase to make more mindful buying decisions, according to consumer savings expert Andrea Woroch. “This is definitely a shopping trend worth adopting to help you avoid impulse purchases and taking on debt,” she said. ‘Slow shopping’ can
In the famous 2022 Supreme Court Case of Dobbs v. Jackson Women’s Health Organization that overturned the national law that an abortion was a private matter between a woman and doctor, the petitioners insisted that there is “no causal link between the availability of abortion and the capacity of women to act in society.” In
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31st, 2024. CNBC Starbucks CEO Brian Niccol shared more details about the company’s turnaround strategy during the company’s quarterly conference call on Wednesday. For three straight quarters, Starbucks has reported declining sales. But the coffee
Apple late Thursday delivered a quarter that can only be described as much better than feared. It wasn’t perfect, but it was pretty darn good. Revenue in Apple’s fiscal 2024 fourth quarter, which ended in September, grew 6% year-over-year to a September quarter record of $94.93 billion – outpacing the LSEG estimate of $94.58 billion.
In this article BLK Follow your favorite stocksCREATE FREE ACCOUNT BlackRock’s iShares is trying to appeal to investors who want to diversify beyond from the so-called Magnificent Seven. The firm launched the iShares Top 20 U.S. Stocks ETF (TOPT) this month. It doesn’t just hold the Magnificent Seven — Apple, Amazon, Meta, Alphabet, Microsoft, Nvidia
The US Department of Treasury in Washington, DC, on February 22, 2024. Mandel Ngan | AFP | Getty Images The U.S. Department of the Treasury has announced new Series I bond rates. Linked to inflation, newly purchased I bonds will pay 3.11% annual interest from November 1 through April 30, 2025, which is down from