Making informed decisions on your 401(K) can make the difference between an comfortable retirement and financial struggle, so financial expert Ted Jenkin stops by TODAY to give his best tips for maximizing savings. He breaks down catch-up contributions, explains the benefits of auto-escalation, what to do with your retirement account if you change jobs, and more.
Category Archives: business
Lutnick says promised $5,000 checks for Americans won’t come from taxpayer dollars
In a wide-ranging interview, U.S. Commerce Secretary Howard Lutnick spoke about the $5,000 checks Republicans are promising if they win the midterms, the Trump administration’s trade war with Canada and rising energy costs. NBC News’ Christine Romans reports.
Lutnick says Trump’s $5,000 checks for Americans wouldn’t rely on taxpayer funds
President Donald Trump’s promised $5,000 “dividend” for all U.S. adults would not be paid for with taxpayer dollars, Commerce Secretary Howard Lutnick said.
Regulators missed $21B in Mark Walter’s insurance empire
A new federal investigation found that two insurers controlled by billionaire Mark Walter, owner of the Los Angeles Dodgers, put roughly $21 billion into businesses connected to him. NBC News’ Gretchen Morgenson details the federal probe and how consumers can protect themselves.
Strikes shut down key Saudi pipeline as Iran-backed Houthis tighten grip on crucial shipping lane
Houthi rebels effectively completed a rapid push to take control of Yemen’s Red Sea coastline on Friday, tightening their grip on one of the world’s most important shipping routes and delivering a dramatic boost to their backers in Iran.
Inflation ticked up in August, setting the stage for the Fed to hike interest rates
Inflation overall in August rose by 0.4% month over month to an annual rate of 3.4%, which was unchanged from July.
Diesel hits all-time high of $6 per gallon and just about everything will cost more
“We are endangering one of the strongest economic pillars that we have in this country,” said fourth-generation Iowa farmer Mark Mueller.
Florida attorney general sues Netflix over ‘bait-and-switch’ on privacy for kids
Florida’s attorney general filed a sweeping lawsuit against Netflix, accusing the streaming giant of misleading consumers about its data collection practices.
Jimmy Kimmel says show won’t air James Talarico interview on TV, citing FCC threats
Jimmy Kimmel announced on Wednesday night that his show would not air his upcoming interview with Texas’ Democratic Senate candidate James Talarico on television, citing the Trump administration’s threats against ABC.
Oil prices soar to $108 for the first time since May as bond yields jump
The price of oil surged again, with Brent crude surpassing $107 per barrel for the first time since May as markets brace for a long U.S. war with Iran.