Advisors

fstop123 | E+ | Getty Images If you pulled money from your 401(k) plan or individual retirement account last year to get through tough times, now is the time to consider next steps. The federal CARES Act that was passed in March 2020 put in place very favorable terms for qualified retirement plan participants under

US President-elect Joe Biden speaks at The Queen theater in Wilmington, Delaware on January 7, 2021, to announce key nominees for the Justice Department. Jim Watson | AFP | Getty Images President-elect Joe Biden’s stimulus proposal includes a bevy of tax credits aimed at stabilizing the finances for American families. Biden’s pandemic aid plan, to

Alistair Berg | DigitalVision | Getty Images Many jobless workers are about to find out they could owe federal and state taxes on their 2020 unemployment income. The news might be particularly unexpected for independent contractors and self-employed people who normally aren’t eligible for state benefits, but may have received Pandemic Unemployment Assistance through the

LeBron James of the Los Angeles Lakers at a game against the LA Clippers at ESPN Wide World Of Sports Complex on July 30, 2020 in Lake Buena Vista, Florida. Mike Ehrmann | Getty Images In a search for revenue, state tax departments have set their sights on a tempting target: professional athletes. “If you’re

Oranut Fankhaenel / EyeEm | EyeEm | Getty Images Sustainability ratings are useful tools for assessing the environmental, sustainability and corporate governance-worthiness of mutual funds and exchange-traded funds. But how do you navigate between different ratings providers, especially when they can have different results for the same fund? CNBC looked under the hood at some

Getty Images Sitting on a growing bitcoin fortune? Consider giving away some of it to charity. As 2020 draws to a close, the cryptocurrency has seen a massive surge in appreciation. The value of a single unit of bitcoin is now hovering around $27,000. Though long-time holders of the virtual currency are rejoicing, they run

Ty Wright | Bloomberg | Getty Images For car buyers, the end of the year typically marks the best time to get a great deal. Things look a bit different this time around. While there are still discounts and special financing on certain makes and models, those incentives generally are not as generous as in

aluxum | E+ | Getty Images Sustainable investing incorporates environmental, social and governance considerations. But how exactly do these factors fit into the analytical process, and how do they add value? CNBC consulted with several experts to find out. In general terms, “we look at a company’s business models and where they operate geographically and

krisanapong detraphiphat | Moment | Getty Images Bottom-scraping interest rates in 2020 were a major factor fueling a stock market that, after plummeting in March from the pandemic, rallied to post a banner year. Low interest rates also vexed investors seeking yield from bonds purchased to diversify portfolios and reduce risk. But while bond yields

Vladimir Vladimirov | E+ | Getty Images Giving to charity is about to pay off a little more — that is, if the latest Covid relief bill becomes law. The $908 billion pandemic relief bill features $600 stimulus checks, $300 unemployment supplement payments and a second round of forgivable loans for small businesses. It also

nd3000 | iStock | Getty Images Start young. Look away from your 401(k) when the market freaks out. Don’t sell. A lot of the investment advice you hear probably has to do with saving for retirement. Yet many people need to use the market’s returns to achieve other goals, too. Often it also makes sense

Natnan Srisuwan | Moment | Getty Images Assets managed with environmental, social and governance considerations continue to surge. And while still largely driven by institutional investors, the retail side is growing dramatically. In fact, money managers who use ESG factors in their investment analysis say climate change continues to be their top concern and the

Angela Weiss | AFP | Getty Images At some point — whether this week or in coming weeks — at least a couple of people are going to suddenly find themselves a whole lot richer. The Mega Millions jackpot has reached an estimated $330 million for Tuesday night’s drawing. Powerball’s top prize isn’t far behind

Patrick Pleul/picture alliance via Getty Images The coronavirus relief bill passed by Congress toughens rules around use of a common heat-trapping chemical and funnels billions of dollars into renewable energy. The measures, attached to a year-end government funding bill, were hailed by some lawmakers as among the most significant Congress has approved to combat climate

Smoke in the Blue Mountains of Australia after a forest fire. Andrew Merry | Moment | Getty Images If you’re like most Americans, you worry about global warming. Yet it can be hard to know how to channel that anxiety into action that will help the planet. One fairly simple way to make a difference

After months of failed negotiations, lawmakers have finally agreed to a new $900 billion coronavirus relief package.  Congressional leaders have not yet released text of the more than $2 trillion legislation — which will include broader government spending measures — but the pandemic recovery bill was set to include direct payments of up to $600

Juanmonino | E+ | Getty Images Congress wants business owners to head out to restaurants and claim a full tax deduction for doing so. Whether it will be enough to save embattled dining establishments is another story, financial advisors and tax professionals said. The $900 billion proposal, which was released on Monday and weighs in

jayk7 | Moment | Getty Images This has been the year of unpredictability. The pandemic, including self-quarantining for months, is top of mind for people around the globe. The many other surprises this year include the fastest bear market in history, civil unrest, quite a unique U.S. presidential election, the speedy creation of a coronavirus

sturti | E+ | Getty Images A new stimulus check is in the works for millions of Americans. If you’re eligible for a payment, it may feel either like a life raft or a sudden windfall, depending on how Covid-19 has affected you and your family. The payments are said to be around $600 per

Climate change and low-carbon solutions are impacting investors’ portfolios. Mitch Diamond | Getty Images For some advisors, embracing environmental, social, and good governance principles means more than just investing sustainably; it also means expressing their values through their practices’ corporate structures and activities. For example, BSW Wealth Partners in Boulder, Colorado, recently converted to a