The Social Security cost-of-living adjustment for 2022 potentially will be the biggest in 40 years. Estimates indicate the annual boost could be 6.2%, prompted by rising inflation. But rising prices on grocery store shelves and at gasoline pumps aren’t the...
In an ideal world, you'd start funding a retirement savings plan from an early age and keep making steady contributions throughout your career. Many people miss that initial boat, though, and don't begin setting funds aside for retirement until they're...
In an ideal world, you'd start funding a retirement savings plan from an early age and keep making steady contributions throughout your career. Many people miss that initial boat, though, and don't begin setting funds aside for retirement until they're...
Americans’ retirement security is unstable, and legislation focused on pensions, Social Security and other savings or healthcare concerns must be a priority for government officials, a group of 31 organizations wrote in a recent public letter to President Biden. Companies,...
After eight years of legal battling, CalPERS just this July tentatively settled a class-action lawsuit filed by policyholders who argued that CalPERS had announced premium increases of 85% in 2013, and implemented starting in 2015, contrary to policy contracts. The...
Tumbling mortgage rates just went even lower following news that an unpopular fee on refinances is coming to an end. When the surcharge was first announced last summer, it created an uproar. It was meant to offset pandemic-related losses for...
Looser monetary policy suggests more concern about outlook Consumption is picking up but still below pre-pandemic levels After China’s surprise central bank support last week, key economic data released on Thursday will be studied for signs the world’s second-largest economy...
In 2016, Wake Forest graduate James Bacon made the decision to pursue a graduate degree. After paying his way through his four-year degree program and taking out student loans to cover the rest, he figured he would do the same...
The housing market saw a brief reprieve last month — thanks to lower mortgage rates and an uptick in sales listings More Americans signed on the dotted line to buy a home last month, but the factors that have tested...
When Daniel Penzing’s real estate agent suggested a $345,000 price tag for his Chicago condo, he balked at the number. “We told our realtor that we wanted to list our condo 5% above his suggested listing price,” Penzing says. “I...
When the American Rescue Plan was signed into law in mid-March, it did a lot more than just send stimulus checks to people's bank accounts. It also boosted an essential tax credit, setting the stage for millions of families to...
For millions of Americans, there’s an unwelcome side of the return to business-as-usual after the pandemic: They’ll have to start repaying their student loans again. More than 40 million holders of federal loans are due to start making monthly instalments...
The tax levied on estates of wealthier Americans upon death brings in a relatively small amount of money — about $13.2 billion in 2019, less than one one-hundredth of what was raised through individual income taxes ($1.7 trillion). But the...
Thanks to the pandemic, it's been another oddball tax season. The original deadline for filing 2020 federal income tax returns would have been April 15 but the ongoing disruptions, including a backlog at the Internal Revenue Service from last year,...
About 39 million families will start receiving payments from the new, refundable child tax credit on July 15, the Treasury Department announced Monday. Authorized by the $1.9 trillion American Rescue Plan signed into law by President Joe Biden in March,...
