Imagine a young married couple. One partner invests heavily in his employer’s 401(k), saving for both spouses. The other focuses on paying the bills and contributes nothing to her retirement plan, missing out on the employer’s matching funds. That was...
Time’s up for millions of Americans: The final deadline to file your 2022 taxes is approaching quickly. Millions of people file every year for an automatic tax-filing extension beyond the original April deadline. By mid-May, more than 142 million taxpayers...
Fewer older Americans are writing wills, research shows, a finding that could spell trouble for survivors. The share of over-70 households with wills or trusts to distribute their assets after death has been in steady decline since the mid-2000s, according...
A financial crisis may be brewing with Buy Now Pay Later, or BNPL, users, a new survey shows. Not only do shoppers who use the short-term financing tend to borrow and spend a lot, but they’re having difficulty keeping up...
Inheriting money often comes with a mix of emotions – ranging from anxiety and grief to anticipation and gratitude. And sometimes, the suddenness of such an event can make it a challenge to think clearly. As a beneficiary, how should...
Millions of Americans may not have to pay federal student loans anymore. But if you live in a state that has decided to tax forgiveness, you should prepare, experts say. Even though the Supreme Court struck down President Joe Biden’s...
Now that the Biden administration’s plan for student loan forgiveness has been overturned, many borrowers are considering taking matters into their own hands by boycotting payments, according to a recent poll. Sixty-two percent of the 1,000 federal student loan borrowers...
The IRS recently announced some welcome news for higher-income workers with 401(k)s and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up contributions made by people earning over $145,000 to be directed into an...
If you're planning to retire in around five years, congratulations! You're approaching an incredible milestone and about to enter a great next stage in your life's journey. Yet as awesome as a well-executed retirement may be, it's certainly a life...
It's better to invest a little for a long time than invest a lot for just a little while. Do you feel like you can't tuck enough money away for retirement right now to actually matter in the future? You're...
It’s crunch time, with only a few weeks remaining before student loan repayments resume. Starting Sept. 1, interest will begin accruing again on those balances, followed by the first debt repayments in October. While those are the most important dates...
Americans think they'll need to save $1.8 million for a comfortable retirement, according to a new survey. But for many of them, that’s just a shot-in-the-dark guess. Many have no idea how much they should save or how to invest...
If you want to attend college but aren't sure you can afford it, you should immediately complete the Free Application for Federal Student Aid (FAFSA). The application doesn't cost money and can open up new sources of funding to help...
Pay taxes now or later is often a consideration when people decide how to save for retirement, but Congress decided the only option for some older Americans should be now for certain retirement accounts. Secure Act 2.0, passed last December,...
There are only a few short months before student loan payments resume, but no need to panic. Borrowers have a lot of options to minimize the impact on their budgets. The Supreme Court struck down President Joe Biden’s student debt...
