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More Americans take 401(k) loans, an indicator of financial stress

D3sign | Moment | Getty Images Households turn more to 401(k) loans Workers generally can’t touch their 401(k) savings without penalty before retirement age. Loans are one, but not the only, exception. Investors can borrow against their account balance and the loan, if repaid properly, is tax- and penalty-free. Most …

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Charlie Munger’s top advice for handling hardship: Cry, but don’t quit

When your life hits a rough patch, there’s nothing wrong with shedding a few tears, but “you have to soldier through it,” according to late billionaire Charlie Munger. “You can cry, all right. But you can’t quit,” Munger told CNBC’s Becky Quick last month, shortly before his death at age …

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How to cut your grocery bill from cash stuffing expert Jasmine Taylor

Jasmine Taylor knows a thing or two about getting a budget under control. In January 2021, she found herself with $60,000 in student debt and another $9,000 in medical and credit card debt. Vowing to get her finances on track, she turned to YouTube and found “cash stuffing,” a money …

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Why experts suggest retirement-age investors consider active ETFs

Investors nearing retirement are looking for ways to earn stable income while still growing their assets long term. “I think ‘income’ might be the word of the year for 2023, given the amount of flows that have gone to income products,” Strategas managing director Todd Sohn told CNBC’s “ETF Edge” …

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People with ‘low emotional intelligence’ always use these 7 phrases, says Harvard psychologist

Emotional intelligence is the ability to perceive and evaluate feelings accurately in ourselves and in others. The most emotionally intelligent people can access and evoke emotion, understand non-verbal cues, and regulate their feelings to build stronger relationships. As a Harvard-trained psychologist, I’ve seen firsthand how this is key to long-term professional …

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How to respond to a rude comment from your in-laws

There are many environments where it would benefit you to check any people-pleasing tendencies at the door: work, romantic relationships, even friendships. Holidays at your in-laws’ house is not one of them, says Sara Jane Ho, a Harvard-trained etiquette expert. Ho is the founder of the finishing school Institute Sarita, …

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Amazon, Microsoft AI is training Olympians and NFL players

PARIS, ILE DE FRANCE, FRANCE – 2017/09/14: The Olympic Rings being placed in front of the Eiffel Tower in celebration of the French capital won the hosting right for the 2024 summer Olympic Games. (Photo by Nicolas Briquet/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Training …

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Household wealth grew 30% between 2019 and 2021

Despite the economic chaos spurred by the onset of the Covid-19 pandemic in the U.S. — a brief but sharp recession, millions of layoffs and eventually, record-high inflation — consumers have mostly recovered.  In fact, the median U.S. household was nearly $40,000 wealthier in 2021 than in 2019, according to …

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Why dating apps can now cost users hundreds of dollars a month

D3sign | Moment | Getty Images Channing Muller moved to Chicago in May from Chattanooga, Tennessee. Her main goal in the new city was to find a partner. Already a Bumble user, before long, she was subscribed to three more dating apps: The League, Hinge and Match. Muller wanted to …

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There’s no big secret to financial success, longevity

When it comes to the ultra rich, you might think there’s some unknown secret to attaining such success. But there isn’t, according to billionaire Charlie Munger, who died last week at age 99. “I don’t know the secret,” Munger told CNBC’s Becky Quick in an interview last month, initially meant …

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