With Halloween near, investors need to keep an eye out for zombies. The pandemic has boosted the number of zombie companies—unprofitable, cash-poor firms that rely on financial markets to cover their costs—reports money manager Principal Global Investors. In the first...
A 401(k) retirement plan is one of the most popular ways to save money for retirement and score some tax breaks for doing so. But often these plans don’t provide a lot of guidance on how to manage them, and...
Hundreds of thousands of Americans have pulled money from 401(k) plans during the coronavirus pandemic. The CARES Act allowed savers to withdraw up to $100,000 before the end of the year without penalty. Thinking of retirement savings like a monthly...
Low-interest rates may be here to stay, but not for all financial products The Federal Reserve is shaking things up – which is both good and bad news for consumers. The Fed made some of the biggest changes to its...
As undergraduates get ready to go back to school, any number of circumstances could set the best laid plans into a tailspin. However, if a student must withdraw from college due to Covid-19, getting any sort of tuition refund or...
The age-old question: are financial advisors worth it? Deciding whether to get a financial advisor or manage your own investments is a big decision. Not everyone needs an ongoing relationship with a financial planner or investment advisor. But many investors...
Many people found they lacked a safe, reliable source of cash when investors became concerned about the coronavirus pandemic in March. Markets were falling. Businesses were closing. A credit crunch was spreading through the markets and the economy. The only...
‘The investing challenge may well shift in the months ahead from riding an exceptional wave of liquidity, which lifted virtually all asset prices, to steering through a general correction in prices and complex individual nonpayments.’ That’s Mohamed El-Erian, Allianz’s chief...
Interviews reveal benefit ranges from perk to necessity Policy makers at odds about extending weekly unemployment aid In about two weeks millions of Americans could lose a crucial economic lifeline of this pandemic: $600 a week in extra federal unemployment...
July 15 is the new April 15 for those who still have not filed a tax return. The traditional April income tax deadline was extended this year for 2019 tax returns, due to the upheaval created by COVID-19. The one-time...
Judith Ramirez is bracing for July. That’s when the hotel housekeeper and her electrician husband – who have both been out of work for three months – expect their combined unemployment benefits to drop by more than half, and their...
The clock is ticking for small business owners who need financial help in order to survive the coronavirus crisis. Tuesday, June 30 is the application deadline for the Paycheck Protection Program, a CARES Act initiative that provides loans to businesses...
Workers can collect unemployment benefits even after refusing work or quitting a job, if it’s for “good cause.” The CARES Act expanded these opportunities for Americans in instances related to Covid-19 — for health, safety or child-care reasons, for example. Some...
While you can’t snap your fingers and have your student loan debt magically vanish, there are ways to get student loan forgiveness. There are a number of student loan forgiveness programs out there for people who work in public service,...
As investors’ attention turns to recovery from reopening, some economists are warning that it may take up to three years for the global economy to get back to pre-pandemic levels—and that’s if everything goes right. In a report Monday, IHS...
