Tag: personal finance
Despite recession fears, most investors haven’t shifted 401(k) assets
Morsa Images | E+ | Getty ImagesMany investors worry a recession is coming amid rising interest rates, high inflation and stock market volatility. But [...]
Education Dept. cancels $1.5 billion in loans for Westwood College borrowers
Tero Vesalainen | Istock | Getty ImagesThe U.S. Department of Education on Tuesday announced it will cancel all remaining federal student debt for for [...]
Planning ahead can help families afford long-term care amid inflation
Stan Horwitz and his family didn't have any plans regarding long-term care until there was a crisis. His father, Martin, was in his late 80s and lived [...]
Do you make too much for student loan forgiveness? Here’s what to know
If you're one of the millions of Americans with student loans, President Joe Biden's forgiveness plan may be welcome relief.However, there are some ke [...]
13 states may hit borrowers with state tax liability on forgiven student loans
President Joe Biden's student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. H [...]
How this family of four partners manages finances in a nontraditional relationship
Rachel, Kyle, Ashley and Yair are two married couples in a nonmonogamous relationship. They share a house, car, dog, cat, partners and finances. They [...]
How to save $1 million for retirement on an annual salary of $70,000
Consistently saving a small percentage of your salary is a simple way to ensure you're prepared for retirement.As a rule of thumb, most financial advi [...]
Shoppers spend over $300 a month on impulse purchases, despite recession fears
Pandemic shopping changes boosted impulse buysTo be sure, the pandemic has changed the way people spend money. "Consumers abandoned ingrained shopping [...]
These are the 4 priorities for the $80 billion in IRS funding
Treasury Secretary Janet Yellen speaking at a news conference on July 14.Made Nagi | ReutersYellen outlines 4 priorities for the $80 billion in fundin [...]
Inflation Reduction Act to cap costs for Medicare patients on insulin
The Good Brigade | Digitalvision | Getty ImagesA new legislative package signed into law by President Joe Biden on Tuesday is a big win for Medicare p [...]
IRS interest jumps on Oct. 1. How much you’ll get for a missing refund
How to calculate your interestThe interest is an annual rate compounded daily, meaning you divide the 6% rate by 365, explained Tommy Lucas, a certifi [...]
Financing pushes monthly cost of new cars to record $702
Skynesher | E+ | Getty ImagesWhy drivers are spending more to buy a new vehicleThe average new-car transaction in July was $45,869, according to the J [...]
What experts say to do before, during and after filing for bankruptcy
Personal bankruptcy filings have fallen dramatically since the beginning of the coronavirus pandemic, but with interest rates rising and government re [...]
Investors are piling into junk bonds. What to know before buying
Investors have been pouring money into high-yield bonds, which typically pay more interest for taking on greater risk. But these investments are also [...]
How to save on groceries amid food price inflation
To feel the effects of inflation, just go to the supermarket.Although inflation, overall, began to ease last month along with gas prices, food costs c [...]