Investors are at a heightened risk of cryptocurrency scams tied to fake relationships established over social media, dating apps and networking sites, federal officials warn. Such frauds occur when scammers use dating apps, social media platforms, professional networking sites or...
It’s crucial to understand how to file a homeowners insurance claim after a natural disaster. Insured losses alone for Hurricane Helene are now estimated at more than $6 billion. Meanwhile, analysts anticipate that Hurricane Milton could be a “once-in-a-century” storm...
After two and a half years of slogging through higher interest rates in an effort to throttle back inflation, the cycle is reversing. The Federal Reserve lowered its key interest rate by 0.50% at its meeting on Sept. 18. However,...
Whether it’s a small emergency like a flat tire or a major one like traveling to care for an ill family member, life will inevitably throw some financial hurdles your way. Building an emergency fund and setting aside money for...
This is the economic U-turn we’ve been waiting for. The Federal Reserve is expected to begin lowering interest rates Wednesday. It’s been a long time coming. After inflation peaked at 9.1% in June 2022, the Fed worked to tame consumer...
Everyone dreams of a comfortable retirement, where you don’t have to stress about running out of money or pinching pennies. The goal is to enjoy your golden years with enough financial security to live the lifestyle you’ve always imagined. Whether...
Thursday marks the one-month anniversary of the Aug. 5 “yen shock” — a mini-market panic that quickly spread throughout global markets after beginning in Japan the Monday following the July jobs report. The Nikkei stock index (^N225) hemorrhaged 12% that...
Being a middle-class worker in America is tough, especially when planning for retirement. With inflation eating away at every dollar, nearly half middle-income earners are finding themselves in a bind, cutting back or even stopping their retirement contributions altogether. A...
The Internal Revenue Service is going to get its piece of your hard-earned, tax-deferred retirement savings accounts — it’s just a matter of when. A harsh reality? Perhaps. A chance to think strategically about your retirement accounts? Absolutely. That’s because...
Keep a sharp eye on your email inbox in the coming days and weeks, student loan borrowers. Buried amongst the spam mail and coupons may be the latest information on debt forgiveness. The Biden administration has taken its next steps...
Many factors impact the cost of owning a home, such as your mortgage principal, property tax bill, homeowners insurance premium, and — this is a big one — your mortgage interest rate. We’ll discuss what determines mortgage rates. That way,...
For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings. For close to a century, putting your savings into a federally insured bank has been a sure thing: If the...
In a society where discussing one’s financial status often remains taboo, understanding where you stand on the wealth spectrum can be intriguing. While most shy away from openly discussing assets, getting a sense of how net worth stacks up against...
The latchkey kids are all grown up. The oldest members of Generation X — that generation born between 1965 and 1980 and known for its irreverence, sarcasm and indifference — are hitting 59½ and eligible to start withdrawing money from...
Your net worth is like a scorecard of how you’re doing financially. Consistently moving in a positive direction means you’re making solid progress toward becoming financially independent and toward retirement. Calculating your net worth is simple. You add up all...
