Sunday, August 22, 2021

How Much Money You Should Put In 401(k)

When we talk about personal finance, numerical guidelines traditionally tend to shape our money habits .

How much you cash you stow away for retirement is no different. In fact, most financial experts will suggest investing 15% of your income annually in a retirement account (including any employer contribution).

Publisher: CNBC
Date: 2021-08-22T13:00:01 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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God, Money, YOLO: How Cathie Wood Found Her Flock - The New York Times

It was February 2018. Ms. Wood, a veteran money manager and the chief executive of Ark Invest, was on a panel on CNBC with the Canadian entrepreneur Kevin O'Leary, who is best known as Mr. Wonderful on the business-related reality show "Shark Tank."

The topic was Tesla, and the two did not agree. At the time, Tesla shares were trading just below record-high levels, even though the company was facing one of the roughest patches in its history. Its stock was indefensibly expensive compared with those of other automakers, Mr. O'Leary argued.

Date: 2021-08-22T07:00:08.661Z
Twitter: @nytimes
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What Say 'Money Multiplier' Fabulists As Corporations Stockpile Trillions?

The Wall Street Journal's Anna Hirtenstein reported last week that U.S. companies "are sitting on a record amount of cash." According to the Journal reporter, the number is $6.84 trillion.

To Keynesians, such a number is a bit unsettling. Keynesians believe unspent wealth signals a lack of spending, which is seemingly why they're so bent on governments taxing away wealth. Figure that politicians exist to spend. Keynesians worship at the altar of consumption.

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Publisher: Forbes
Date: 2021-08-22
Author: John Tamny
Twitter: @forbes
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Dubai sets up money laundering court | Reuters

CAIRO, Aug 22 (Reuters) - Dubai has established a specialised court focused on combating money laundering, in a move to "strengthen the integrity of the financial system", the emirate's media office said on Sunday.

"The establishment of the court is aimed at further raising the UAE's and Dubai's global competitiveness by reinforcing the rule of law and upholding the values of justice and transparency," the media office said.

Publisher: Reuters
Date: 2021-08-22T16:29:13Z
Author: Reuters
Twitter: @Reuters
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Donald Trump's Latest Money-Making Schemes

Former president Donald Trump is always running several cash-generating schemes. It's as essential to his being as the uncanny swoop of orange hair.

Whatever Trump is up to, it seems to be working; as of last month, he had a war chest of more than $100 million.

Unfortunately for Trump, spending PAC money at his properties won't be enough to eliminate the Trump Organization's pile of debt. But downsizing could help. Trump has been trying to unload assets left and right, including:

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Publisher: Intelligencer
Date: 2021-08-22T09:00:24.312-04:00
Author: Eve Peyser
Twitter: @intelligencer
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AIG Women’s British Open 2021 prize money payout

It pays to play well in major championships, folks. Just ask the most-recent winner, Anna Nordqvist .

Six players held the lead early on Sunday at the AIG Women's British Open, but it was Nordqvist who emerged from the pack.

Nordqvist earned the top prize of $870,000 while Georgia Hall, Madelene Sagstrom and Lizette Salas will each take home $409,135 after finishing tied for second.

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Publisher: Golfweek
Date: 2021-08-22T21:28:02 00:00
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Why Borrowing Money to Buy Crypto Is a Really Bad Idea

Many or all of the products here are from our partners. We may earn a commission from offers on this page. It's how we make money. But our editorial integrity ensures our experts' opinions aren't influenced by compensation. Terms may apply to offers listed on this page.

Publisher: _____
Date: 2021-08-22T11:32:19.755277-04:00
Twitter: @TheAscentMoney
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2021 Northern Trust: Final Round Tee Times, Purse, Prize Money, Payouts from PGA Tour Playoffs at

Jon Rahm (left) shares the Northern Trust Open lead with Cam Smith. Tony Finau (right) and Justin Thomas are two shots back.
USA Today.

Jon Rahm and Cameron Smith share the 54-hole lead at the 2021 Northern Trust Open in pursuit of the first-place prize money of $1,710,000. The leaders are -16, one shot ahead of Erik van Rooyen and two ahead of Justin Thomas and Tony Finau. 

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Publisher: Morning Read
Date: 2021-08-22T21:46:09Z
Author: Morning Read Staff
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Here's the prize money payout for each golfer at the 2021 AIG Women's Open | Golf News and Tour

A victory at the AIG Women's Open got a whole lot more lucrative this week at Carnoustie with the R&A announcing on Wednesday that the prize money payout for the championship had increased $1.3 million to an overall total of $5.8 million .

R&A and AIG officials also said that next year's purse will be "no less than" $6.8 million, which is double the prize money payout from 2018, when the R&A took over running the major.

Publisher: Golf Digest
Date: Flash HTML5
Twitter: @GolfDigest
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Your state may owe you money. Here's how to check in less than 2 minutes - CNET

3. Now enter your information . The page may ask for your first and last name, middle initial and city. Your last name will most likely be required, but you can try using or skipping the suggested fields to narrow or broaden the results.

If your search results show that a state is holding money or property of yours, you can submit a claim to get it back. Each state handles claims a little differently. Some will allow you to submit your claim online, while others may require you to mail documentation to support your claim.

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Publisher: CNET
Author: Clifford Colby
Twitter: @CNET
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