Betterment announced significant enhancements to its Premium service plan, effective April 25, 2024. The upgraded plan includes a new fee structure and expanded benefits. Under the new Premium plan, customers will be subject to an annual management fee of 0.65% AUM. This is a noticeable increase from the previous fee of 0.40%. The $100,000 minimum balance requirement remains unchanged, continuing to reflect the plan’s aim at more established investors seeking comprehensive financial guidance and an array of investment options. The enhanced 0.65% fee applies exclusively to Traditional and Crypto Investing accounts. It does not affect Betterment’s Cash Reserve, Betterment Checking,…
Author: insighter
The IRS said Friday that more than 140,000 taxpayers filed their taxes through its new direct file pilot program and participants saved roughly $5.6 million in fees they would have otherwise spent with commercial tax preparation companies. The government pilot program, rolled out this tax season in 12 states, allows people with very simple W-2s to calculate and submit their returns directly to the IRS for free. Those using the program claimed more than $90 million in refunds, the IRS said. But despite what IRS and Treasury Department officials said was a successful rollout, they aren’t saying yet whether the…
The entrepreneur says he and Salesforce CEO Marc Benioff are racing to catch up with OpenAI-powered rival Microsoft.
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet shares shot up 10% on Friday after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend and a $70 billion buyback. It’s the sharpest rally for the stock since a 16% jump in July 2015. The shares closed the day at $171.95, valuing Alphabet at over $2.1 trillion. The company on Thursday reported revenue of $80.54 billion, a 15% increase from a year earlier and the fastest growth rate since early…
South Pointe Beach in Miami Beach, Florida. Greg Iacurci MIAMI — Daniel Habibian worries about climate change. His clothing boutique in Miami Beach’s iconic South Beach neighborhood sits just a few blocks inland from the Atlantic Ocean. Rising seas threaten to swallow much of the Miami metro area in the coming decades as the world continues to warm and faraway ice sheets melt. By 2060, about 60% of Miami-Dade County will be submerged, estimates Harold Wanless, a professor of geography and sustainable development at the University of Miami. Yet people keep moving there. The city’s skyline has grown in tandem. Miami’s boom…
A March 2024 announcement from the White House confirms that $45.6 billion in IDR relief for 930,500 borrowers has been approved. Likewise, regulatory improvements have provided an additional $5.8 billion to 77,700 borrowers enrolled in PSLF, totaling $143.6 billion for 3.96 million borrowers since October 2021. Here’s how to set yourself up for financial success afterward if you receive student loan forgiveness. Get accurate refinance options in just 2 minutes with Credible Compare pre-qualified rates from multiple lenders with no impact to your credit score. Create a budget A helpful way to think about your money is the 50/30/20 budgeting…
You probably know better than to click on links that download unknown files onto your computer. It turns out that uploading files can get you into ransomware trouble, too. Today’s web browsers are much more powerful than earlier generations of browsers. They’re able to manipulate data within both the browser and the computer’s local file system. Users can send and receive email, listen to music or watch a movie within a browser with the click of a button. Unfortunately, these capabilities also mean that hackers can find clever ways to abuse the browsers to trick you into letting ransomware lock…
A parent’s bundle of joy is said to be priceless, but an economy marked by inflation might challenge that notion as people shell out thousands to raise their children. Even as the high cost of living ebbs a bit, the cost of everything between fancy strollers and formula has hiked for the current generation of parents. It all means three out of four people with a child report having and raising their kid was “far more expensive than expected,” according to a LendingTree survey of more than 2,000 adult consumers from the U.S. Top on the list of expenses they…
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. The wealth gap between rich millennials and the rest of their age group is the largest of any generation, creating a new wave of class tension and resentment, according to a recent study. Even as the vast majority of millennials struggle with student debt, low-wage service-jobs, unaffordable housing and low savings, the millennial elite are surpassing previous generations. According to the study, the average millennial has 30% less…
Piere is a new budgeting app that is trying to fill the gap left by Mint. When Mint shut down, millions of active users needed a new budgeting app. While many free apps have promised to deliver premium budgeting services, Piere may be the first free app that not only replaces Mint’s functionality, it surpasses it. Here’s what you need to know about Piere, from key features to plans and pricing. Ad-free budgeting, spending, and net-worth tracking app. AI-driven budget recommendations. First-of-its-kind integration with Venmo. Paid plan arriving in 2024. AI-Powered budgeting, account syncing, net worth tracking *Paid plan coming in 2024. What…
Chris Ratcliffe | Bloomberg | Getty Images Elliott Management has built a roughly $1 billion stake in miner Anglo American in recent months, a person familiar with the matter told CNBC. The activist’s U.K. arm, Elliott Advisors, in a regulatory filing Friday confirmed after publication that it had a 2.5% interest in Anglo American. The position, which consists of cash-settled derivatives, is worth around £891 million, or roughly $1.1 billion. Anglo American shares were up as much as 5% on the news Friday. News of the activist’s position comes as the $43 billion, London-based miner faces takeover interest from BHP,…
Companies like T-Mobile and Verizon are offering deals for founders to take their small business to the next level.