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...
The SECURE 2.0 Act, signed by President Biden in December 2022, includes dozens of changes to provisions related to tax-advantaged retirement accounts. Among the most important changes is a provision, which took effect Jan. 1 of this year, that delays...
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...
A package of proposed changes to help Americans save more for retirement could soon be the law. The changes, part of the Secure Act 2.0, are included in the sweeping end-of-year spending bill that lawmakers probably will vote on in the...
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...
Sam Bankman-Fried, the disgraced founder and former CEO of FTX, has had a bad week. A bad week that follows a bad month. Bankman-Fried, known as SBF in the crypto world, was arrested on Monday and charged by three different...
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...
Even Americans with only modest retirement funds may be shocked to learn how many people are in desperate straits: as in, they have no nest egg at all. Recent research by the Federal Reserve shows that an astounding one in...
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...
Aftershocks from the massive earthquake in the trillion-dollar crypto industry last week continued to reverberate on Monday. Prices of digital currencies fell again as the crisis engulfing the market deepened over the weekend. Bitcoin, the world’s biggest cryptocurrency, has plummeted...
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...
Market Update 2022 has been an odd year. Both stocks and bonds are negative year to date. Since 2000, the correlation between US equities and US Treasuries has been consistently negative (1), which means that when one has gone up,...
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...
The Pandemic Housing Boom unleashed an “investor mania” unlike anything seen in the U.S. housing market since the aughts housing bubble. Average Joes poured into the market in hopes of building Airbnb empires. Institutional investors, like Blackstone-owned Home Partners of...
