More people are wondering just how safe their money is in a bank after the collapse of Silicon Valley Bank and Signature Bank. Online searches asking that question have jumped as Americans worry their bank could be the next to...
Silicon Valley Bank’s crisis and subsequent closure has rocked financial markets since late last week. In a bid to protect depositors and investors, federal regulators announced Sunday that they would “address any liquidity pressures that may arise.” Many people have...
A new report from Fidelity found that the number of 401(k) millionaires plunged by 32% in the last year. At a time of the disappearing pension, the 401(k) is for most workers the main source of old age security. Almost...
After much outside criticism, the Internal Revenue Service basically told taxpayers in most — but not all — states that they do not need to report income from special state tax refunds or payments on their 2022 federal income tax...
Inflation is hovering near a 40-year high, driven by steep increases in food prices, housing and utilities. The Federal Reserve is trying to bring it down by aggressively raising interest rates, even if it pushes the economy closer to a...
Not everyone is required to file taxes, but most Americans are and likely will file taxes. Of the 176.2 million individuals and married couples who could file a tax return in 2020, about 144.5 million of them filed a tax...
Kids change their minds a lot, so it’s understandable parents might be nervous to lock away money in a college savings plan. After all, what if your child decides to skip college or drop out? That money could’ve been spent...
Parents to adult kids across the U.S. are considering coming out of retirement or refinancing their homes in order to prop up their kids' bank accounts – and the cash requests are only going to keep coming. But when is...
Retirement is getting more expensive all the time, so it's best to start saving for it as early as you can. Many workers know this, yet one-third of Americans aren't currently setting aside any money for their future, according to...
The real estate market just can’t catch a break, with inventory of resale homes remaining low and rising interest rates making it harder for buyers to justify making the leap. And now we can add mortgage lender financial troubles —...
Potential buyers remained reluctant to take the plunge on financing a home purchase even as mortgage rates fell for the fourth straight week. Mortgage applications decreased 2% the week ending Dec. 2 compared to the previous week. And the average...
Failing some last-minute actions from a lame-duck Congress, 2022 will go down as a fairly quiet year for tax changes affecting individuals. But that still leaves several important federal tax moves to consider before year-end that can save money, especially...
As prices increase and gross domestic product declines, many people worry about a potential economic downturn, also known as a recession. Consumer prices rose 8.2% from a year earlier in September while core prices, which exclude volatile food and energy...
About 26 million people had already applied for relief, hoping to end years of student loan repayments. Such debt disproportionately affects people of color, who don’t have the levels of generational wealth of many of their white counterparts. Black college...
Higher interest rates make borrowing more expensive for shoppers and companies, cooling demand with the aim of curbing inflation. The Fed has raised rates five times this year. The central bank is expected to hike rates for a sixth time...
