‘I was meant to be here’: The pros and cons of a 55-and-over community
Dawn Schwartz has lived in a community for people 55 and older for about five years and now, at age 60, she’s considered “one of the youngsters” in a place where the average age is 75. Still, Schwartz says, “I was meant to be here.” She lives at Del Webb Nocatee in Ponte Vedra, Fla., […]
GM and Ford report Q3 earnings as Wall Street and UAW watch
Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — Ready for a tightrope walk? General Motors and Ford Motor report third-quarter earnings and future guidance this week amid ongoing strikes and contract negotiations with the United Auto Workers union. And it’s a difficult balance. If the automakers are […]
Don’t give up on the 60:40 portfolio now — it has been good insurance
The 60:40 portfolio is performing exactly as advertised. I’m referring to the default allocation of many retirees’ and near-retirees’ portfolios, in which 60% is invested in the stock market and 40% in bonds. This portfolio was given up for dead last year, after it suffered one of its worst calendar-year losses in U.S. history. But, […]
Don’t give up on the 60:40 portfolio now — it has been good insurance
The 60:40 portfolio is performing exactly as advertised. I’m referring to the default allocation of many retirees’ and near-retirees’ portfolios, in which 60% is invested in the stock market and 40% in bonds. This portfolio was given up for dead last year, after it suffered one of its worst calendar-year losses in U.S. history. But, […]
Paramount, Shari Redstone might have missed deal window
Shari Redstone, president of National Amusements and controlling shareholder of Paramount Global, walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 12, 2023. David A. Grogan | CNBC Shari Redstone may have missed her window. Paramount Global‘s controlling shareholder is open to a merger or selling […]
Delta walks back some changes to Sky Club access, loyalty program
Delta’s new SkyClub at John F. Kennedy International Airport in New York. Leslie Josephs/CNBC Delta Air Lines on Wednesday walked back some of the broad restrictions it placed on access to its popular airport lounges and trimmed thresholds to earn elite status after complaints from customers. Delta last month first announced sweeping changes to its […]
Confused about Medicare enrollment? How to get help.
By now, more than 60 million Medicare beneficiaries are in the thick of Medicare’s annual election period, which runs from Oct. 15 through Dec. 7. During this period, beneficiaries can modify their Medicare health or drug coverage for the coming year. They will have received their annual notice of change and evidence of coverage documents,…
Costco CEO Craig Jelinek to step down. COO Ron Vachris will take over
A Costco Wholesale warehouse sign is seen outside a store in Silver Spring, Maryland, on Aug. 5, 2023. Mandel Ngan | Afp | Getty Images Costco‘s longtime CEO Craig Jelinek is stepping down from the company after the warehouse club’s spree of pandemic- and inflation-fueled growth. The company said Wednesday that Ron Vachris, the company’s chief […]
My husband left me and our two kids and won’t pay the mortgage. What now?
My husband of close to 20 years left me and our two children about a year and a half ago. I have two college degrees and worked while he got his college education, which was paid for by his parents. I paid our rent, and I cashed out my retirement account (I know that was […]
My husband left me and our two kids and won’t pay the mortgage. What now?
My husband of close to 20 years left me and our two children about a year and a half ago. I have two college degrees and worked while he got his college education, which was paid for by his parents. I paid our rent, and I cashed out my retirement account (I know that was […]
