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...
The Federal Reserve ended its streak of 10 consecutive interest rate hikes on Wednesday and decided to keep rates steady. Even so, consumers may not feel celebratory as they reel from the earlier aggressive rate increases. Any pause should be...
I bonds are no longer the darling of investors now that the Federal Reserve has raised interest rates 10 times in a row to cool inflation. Interest rates on I bonds, which are set twice a year on May 1...
In March, 15 companies rated by Moody's defaulted on their debt, bringing up the first quarter total to 33. That's the highest level since the last quarter of 2020, when 47 companies defaulted on their debt. The ratings giant expects...
If politicians don’t listen to the CEOs and economists telling them to hurry up and resolve the debt-ceiling crisis, a more formidable master may intervene: the stock market. Business leaders attending this year’s Milken Institute Global Conference in Beverly Hills,...
