Chuyn | Istock | Getty Images Whether you’re an expat or U.S.-based, you may need to report your foreign accounts to the U.S. Department of the Treasury by April 15 — or face costly tax penaltie...
Tag: Personal finance
7 things investors need to know
Gary Gensler, chairman of the Securities and Exchange Commission, at the SEC headquarters in Washington, on July 22, 2021. Melissa Lyttle/Bloomberg via Getty Images The Securities and Exchange Commiss...
When will savings account rates rise, and where are the best savings accounts?
The average savings account pays a paltry 0.06%, according to Bankrate. But some online savings accounts are already paying relatively high rates. Getty Images/iStockphoto Though the Federal Reserve’s...
My son failed out of school and has $126K in student loan debt. What can we do?
How to get out of student loan debt Getty Images/iStockphoto Question: My son was studying in a pharmacy program and at the end of the last semester, the college kicked him out due to his non-performa...
Is it OK to use the lowest-grade gas? Here’s a guide to the different types of fuel.
Selecting a grade of gasoline simply because it has a higher octane rating might not be the best choice for your car or your budget. While some vehicles can benefit from premium gas, most drivers can ...
Stock market investors are in the danger zone. This all-weather investing strategy offers protection
We’re in a period of high inflation, with a war disrupting energy markets and the Federal Reserve raising interest rates. The murky outlook calls for a multiyear cycle of central-bank policy moves tha...
What Is an IRS Tax Transcript and How Do I Request One?
Do you need information from a tax return you filed three years ago because you’re making a major purchase and the lender wants to see your tax history? Maybe you need to provide your adjusted g...
Inflation is spiking the cost of pets. But owners are still splurging
Halfpoint Images | Moment | Getty Images Pet parenthood is getting more expensive, but many owners are still willing to splurge, according to a report from Rover, an online pet marketplace. Rising cos...
5 money-saving tips from a TikTok lawyer who reads the fine print
Reading the fine print means you could be saving money that you might not have otherwise known about, according to Erika Kullberg, lawyer and founder of Plug and Law, a legal tech start-up for small b...
I now owe 3x what I originally borrowed in student loans. What can I do?
Borrowers with less-than-perfect credit records face challenges while climbing out of debt, and they can get steeper when you’re older because income tends to plateau. Getty Images/iStockphoto Questio...
Many companies are enriching their retirement benefits
Workers may be in for a treat – some companies plan to boost their retirement benefits in the next few years, as they look to hire and retain talent, according to a new survey. U.S. employers are imp...
‘Reduced competition.’ 5 predictions for the housing market in 2022, from economists and real estate pros
We’ve already seen rates rise in the early months of 2022, and some pros say that will continue. Getty Images Aspiring home buyers may have watched as mortgage rates in recent months rose (though to b...
Why investors should care about who owns their advisor’s firm
Getting financial advice online is easier than ever before. Even so, many investors are likely to discover that there is no substitute for a human financial advisor. The problem, however, is selecting...
‘Motherhood Penalty’ Ranges as High as $600,000. Here Are Some Tips to Catch Up.
When the pandemic hit in 2020 and shut down schools, Samantha Goodman decided there was no way to work and care for her son, now 6. So for two years she gave up on having a job or saving for retiremen...
These money and investing tips can help you build a proactive ‘all-weather’ portfolio
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Stock trading during ‘March Ma...
Yes, Roths Are Tax-Free Retirement Accounts. But TFRAs Refer to Something Else.
Dreamstime.com Text size Have a question about saving for retirement or your personal financial situation? Whatever the question, Barron’s Retirement can try to help. Email [email protected], and...
Will the Fed rate increase mean higher interest on your savings and not using your travel card rewards may not be such a bad thing
Hi, MarketWatchers. Don’t miss these top stories. Weekend reads: There’s a recession warning as the Federal Reserve fights inflation Also, value stocks, the wild market for crude oil and a U.S. compan...
Meet Erin Collins, National Taxpayer Advocate for the IRS
Erin M. Collins Source: Erin M. Collins If you’re one of the millions of Americans grappling with IRS issues, you may not realize there’s another option for your unresolved problems. The T...
Weekend reads: There’s a recession warning as the Federal Reserve fights inflation
The Federal Reserve this week increased the federal funds rate for the first time since 2018. Long-term market interest rates had risen significantly as investors anticipated that the central bank wou...
France is considering raising its retirement age to 65
French workers may see their legal retirement age jump from 62 to 65 if President Emmanuel Macron gets his way. Macron, who is running for reelection, said the move is a natural progression. “We are ...
More than 70% of savers are worried that inflation will affect their ability to retire
Inflation just hit its highest level in 40 years. Future inflation expectations have risen by a third in 12 months. And the federal government’s own “inflation protected” bonds, which were designed to...
The IRS sent more than 45 million refunds. This is the average payment
Bill Oxford | E+ | Getty Images The IRS has issued more than 45 million tax refunds worth almost $152 billion in total, as of March 11, the agency reported Friday. Nearly half of Americans expect refu...
Opinion: How ‘washed up…old man’ Warren Buffett is getting the last laugh
Poor old Warren Buffett. Poor, old, “washed up” Warren Buffett! It’s almost two years since the Berkshire Hathaway chairman, then 89, was publicly mocked by 40-something self-proclaimed stock market “...