Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images As the calendar turns to 2023, workers in m...
Tag: Personal finance
5 tax, investment changes that could boost your finances in 2023
1. Bigger contribution limits on retirement accounts If you’re eager to boost your retirement savings, there’s good news for 2023: higher contribution limits for your 401(k) and individual...
Do these 15 things in 2023, and you’ll be significantly richer
Make 2023 the year you commit to saving more. Getty Images I wrote about saving money a lot in 2022, and that meant I saw a lot of ways that people suggest you save money. Most of them, quite frankly,...
Here’s a New Year’s resolution: resist the temptation to bet on the top mutual fund of 2022
Beating the stock market is not that big of a deal. What’s really impressive — and what you should be looking for when using performance scoreboards to choose a mutual fund — is one that has beaten th...
How to get a personal loan with bad credit: Can you get one, and should you?
Getty Images/iStockphoto Even if you have a low credit score, you may still qualify for a personal loan — but “if you’re in this situation, you should be prepared to pay a higher interest rate and pot...
These money and investing tips can help you ring in a profitable new year
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 The stock market has been rang...
Fund a Roth 401(k) if You’re in a Low Tax Bracket. Here’s Why.
If you’re not earning big bucks this year, consider saving money in a Roth 401(k) instead of a traditional 401(k). Roth contributions make sense when your current tax rate is less than your rate in re...
Five Money Moves to Make Right Away in 2023
With about 66% of U.S. adults intending to make new money resolutions in 2023, according to a recent Fidelity Investments report, it’s a good time to figure out what kind of money moves you should mak...
Opinion: Opinion: Trump’s low tax payments are what happens with a too-complex tax code
People tend to have one of two reactions to the revelation that former President Donald Trump paid little to no taxes in recent years: He’s either an amoral tax cheat or he’s smart. To me, it reveals ...
Leased electric vehicles now qualify for $7,500 tax break that kicks in Jan. 1
The U.S. Treasury Department will now allow electric vehicles that are leased to qualify starting Jan. 1 for up to $7,500 in clean vehicle tax credits. The law allows for a conditional $4,000 tax cred...
These Stocks Had a Terrible 2022. The New Year Should Be Better.
Videogame maker Take-Two Interactive Software is known for two things: Grand Theft Auto, and did I already say Grand Theft Auto? The stock was down 43% in 2022, making it the group’s worst performer. ...
Opinion: 11 predictions for money, technology, stocks and crypto for 2023
Here are some 2023 predictions for financial markets, the economy and stocks. I’ve spent the last year and a half being cautious in the wake of the Bubble-Blowing Bull Market that finally ended early ...
‘I dug myself out of the paycheck-to-paycheck cycle’: Should I use my bonus to pay off my mortgage, put it in a savings account or Vanguard?
Dear Quentin, Over the last couple years I dug myself out of the paycheck-to-paycheck cycle, and I am making good money. I never learned about stocks, investing, etc. I do not have a 401(k) at work. M...
Democrats release six years of Trump’s tax returns, and CPAs have questions: ‘The personal tax return is just the tip of the iceberg.’
The nonpartisan committee’s findings also raised several red flags related to the filings, namely Trump’s carryover losses, loans to his children that may or may not also be considered taxable gifts, ...
The White House embraced debt forgiveness in 2022. Here’s what student-loan borrowers can expect in 2023.
This was the year the White House embraced the idea of mass student-loan forgiveness, but 2023 will likely be the year when borrowers will find out whether the policy will actually impact their wallet...
Workers and retirees are getting some year-end goodies from Washington
America’s workers and retirees are getting some nice year-end gifts from Washington. As part of a bigger bill to keep the government running, Congress has passed, and President Biden has signed, somet...
‘Auto makers are building more expensive vehicles’: Why you should not buy a new car in 2023
There are always good reasons for most people not to buy a new car. Such a purchase can set you back for years, as high monthly payments delay the buildup of savings and investments that will be neede...
With this simple year-end change to your retirement accounts, you can reap significant tax rewards
If you are a middle-income earner, you may be in a much better position tax-wise than you realize. That’s good news: You may be able to take advantage of that better position to strengthen your retire...
How to find the best used car for the money
Buying a used car has typically been considered a smart way to save by avoiding the steep depreciation costs that go hand in hand with new cars. However, a limited supply of new cars and trucks due to...
Car repos are on the rise, thanks to record-high monthly payments, recession warnings
Car repossessions have grown less common in the past two years, but those days may be over. Credit rating agency Fitch Ratings says repossession rates have nearly returned to pre-pandemic levels. Some...
Here’s What a $1 Million Retirement Looks Like in America
Once a symbol of extravagant wealth, $1 million is now the retirement-savings goal for millions of Americans. For retirees able to accumulate $1 million in savings, the funds translate into inflation-...
Hope Global Forums rallies business leaders for financial literacy
Preaching a message of financial education and financial freedom, John Hope Bryant is galvanizing America’s top business leaders in the battle for “silver rights,” a term he coined t...
Opinion: Opinion: FTX was a warning. We must plug the other holes in the Swiss cheese.
FTX’s unraveling should not have come as any great surprise. When an unregulated market like crypto is opened to financial novices, mistakes are bound to be made and fraudsters are sure to take advant...
Travel abroad set for 2023 surge as Americans eye Asia, Europe trips
Mt. Fuji, Japan. Jirawat Plekhongthu / Eyeem | Eyeem | Getty Images Americans are poised to travel overseas in a big way in 2023. Households are continuing to unleash two or three years’ worth o...
These money and investing tips can help give your portfolio a holiday makeover
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 A stock-market indicator with ...
Opinion: Crypto insurance is nearly nonexistent, so you’ll have to rely on common sense
If only your bitcoin could catch on fire — literally — then it might have a chance of being covered by insurance. For property, fire is a straightforward hazard. But it’s probably the one big thing th...