Nancy Schlossberg attended a retirement party for a colleague, and afterward heard people remarking how the guest of honor should have retired years before because she was “so old.” “People were sayin...
Tag: Personal finance
Grammy winner Ed Sheeran is worth an estimated $200 million — but he’s a fan of this penny-pinching savings hack (and psst: pros say you may want to do it too)
Ed Sheeran Getty Images for the Ruth Strauss Foundation Thanks to hits like “Shape of You,” “Bad Habits,” “Castle on the Hill” and “Perfect,” Grammy Award winning singer-songwriter Ed Sheeran has an e...
U.S. Could Cancel Some Student Debt. Expect News Soon.
Text size A decision on forgiving federal student loan debt is expected by the end of August. Stefani Reynolds/AFP/Getty Images The Biden administration is expected to make an announcement on federal ...
Six things that could change your mind about retiring early
Robert Johnson, a professor of finance at Creighton University’s Heider College of Business, retired from a career in financial education in 2018 but recognized that he wasn’t comfortable spending his...
Larry Summers Opposes Full Student-Loan Forgiveness
President Joe Biden will likely announce soon the fate of student debt, as the current pause in federal student-loan payments is set to expire Sept. 1. About 45 million people owe approximately $1.7 t...
Ford Confirms Layoffs, Says It Is Cutting About 3,000 Jobs
Updated Aug. 22, 2022 4:58 pm ET Listen to article (2 minutes) Ford Motor confirmed Monday it is laying off roughly 3,000 white-collar and contract employees, marking the latest in its efforts to slas...
Here’s what investors need to know about single-stock ETFs
Oscar Wong | Moment | Getty Images Most investors think of exchange-traded funds as a simple way to buy a diversified basket of individual stocks tracking an index or with exposure to a particular the...
Shoppers spend over $300 a month on impulse purchases, despite recession fears
Pandemic shopping changes boosted impulse buys To be sure, the pandemic has changed the way people spend money. “Consumers abandoned ingrained shopping habits, hurtling ecommerce into hyperdriv...
9 ways the Inflation Reduction Act affects Medicare coverage, and what it means for you
Major changes to prescription drug affordability for more than 50 million beneficiaries enrolled in Medicare Part D are likely on the way because of a new law. The Inflation Reduction Act “finally del...
‘The pause has meant everything:’ What happens to borrowers — and the economy — if Biden lets student loan payments resume in September
There’s less than two weeks until the latest pause on federal student loan payments is set to expire on Aug. 31. No need to tell Cassie Smith. The chance of restarted payments are “a looming rain clou...
Shoppers Are Getting Cheap. Here Are Stocks to Buy in a Trade-Down Economy
I regret buying a twin pack of 40-ounce ranch dressing jugs this past week. It’s not that I over-ranched—the warehouse club industry was built around rewarding extreme condiment commitments with low u...
Opinion: You work hard to pay off debt. Here’s the secret to keep you from backsliding as the economy slows
Credit-card debt has surged 13% this past year — the largest increase in 20 years. If you find yourself with a growing amount of debt, you need to get yourself back on solid footing before it snowball...
Here’s What We Bought In July According To The Census Bureau
Flying shopping cart with shopping bags on a pink background. Shopping Trolley. Grocery push cart. … [+] Minimalist concept, isolated cart. 3d render illustration getty This past week, the Censu...
What Are the Best States for Retirement in 2022?
So many factors go into the decision of not only when and where to retire. Some people are limited by the places where their savings will stretch the farthest while others want to be by the sea at any...
Should you set up a joint account with your adult child?
Some retirees love to count their money. But even they may reach a point where they tire of paying bills and tracking their cash flow. Seniors who start to worry about cognitive impairment may want to...
What $80 Billion More for the IRS Means for Your Taxes
The last Tax Report came out just as Congress took up the Inflation Reduction Act, and it discussed the bill’s $80 billion in proposed new Internal Revenue Service funding. Over half the new dollars w...
How to buy an ESG fund now that Inflation Reduction Act is law
Simonskafar | E+ | Getty Images ESG funds have become more popular Steve Cicero | Photographer’s Choice | Getty Images Funds that allocate investor money according to ESG issues held $357 billio...
A Major Change Is Coming to Wall Street and Corporate America
It’s a masterstroke that went almost unnoticed on Main Street. But it has not escaped the attention of Wall Street, which will not be pleased with this move by the Democrats. In President Joe B...
Inflation Reduction Act promises tax credits for EVs — here’s how to claim them
Your new electric car may land you a $7,500 tax credit now that the Inflation Reduction Act — designed to fight climate change and inflation — has been signed into law by President Biden. But the new ...
I’m 65 and want to retire in 6 months. I have a $125K annuity, plus $100K of money that I’m not sure what to do with. Should I get professional help?
Is a financial planner right for you? Getty Images/iStockphoto Question: I had $225,000 in my 401(k) and then I rolled over $125,000 to an annuity at 7%, as I wanted income. I just turned 65 and want ...
20 bank stocks expected to benefit the most from rising interest rates as the Federal Reserve fights inflation
When companies report financial results, analysts tend to make comparisons to the year-earlier quarter. But there are times when sequential improvements can be telling. This is one of those times for ...
Why target-date funds may sabotage your retirement
If you’re like most of the 30 million or so people investing in a target-date fund mutual fund inside your retirement account, you’ve likely adopted a set-it-and-forget-it attitude toward your nest eg...
Should You Do a Roth Conversion? How It Can Help With Your Taxes.
The first half of this year marked the worst performance for the S&P 500 since 1970. With inflation soaring and interest rates rising, the index posted a loss of 20.6%. The dire sentiment may hav...
Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.
Warren Buffett’s Berkshire Hathaway Inc. added to nine stock holdings during the second quarter, reduced holdings of four and sold two outright. That’s according to Berkshire Hathaway’s BRK.B, +1.26% ...
Financing a new car? How much you can save with excellent credit score
By now, you probably know that prices for new cars have been climbing at a brisk pace, along with many other consumer goods, in the midst of high inflation. The average cost of a car is an estimated $...
IRS interest jumps on Oct. 1. How much you’ll get for a missing refund
How to calculate your interest The interest is an annual rate compounded daily, meaning you divide the 6% rate by 365, explained Tommy Lucas, a certified financial planner and enrolled agent at Moisan...
‘I’m in a very lucky position’: I will receive a $300,000 inheritance. Should I pay off my mortgage or invest the money?
I currently owe $300,000 on my house with a 2.5%, 30-year mortgage. I am maxing out my retirement accounts — IRA and 401(k) — and looking to retire in less than 10 years. I will receive an inheritance...
Here’s how Palo Alto Networks stacks up against its main competitors
Shares of Palo Alto Networks soared as much as 12% on Aug. 23 after the network security company reported results for its fiscal fourth quarter and said it expected sales to increase by at least 25% i...