Many Americans spend their lives working hard and dreaming of the day they can finally retire. But planning for retirement requires more than dreaming — it means being strategic and focused on saving money, among other things. The average age...
As someone who writes about retirement all the time, I'm often motivated to do a personal checkup and see if I'm on track with my savings. And to that end, there's a host of free online tools available to run...
Many Americans spend their lives working hard and dreaming of the day they can finally retire. But planning for retirement requires more than dreaming — it means being strategic and focused on saving money, among other things. The average age...
Federal Reserve Chair Jerome Powell will try to reassure lawmakers this week that the central bank will act to curb the hottest inflation in four decades while remaining flexible in the face of uncertainty posed by Russia’s invasion of Ukraine....
If rising prices have you worried, one way of insulating your nest egg comes straight from the government: Series I savings bonds. Right now they’re paying 7.12%. Inflation readings reached four-decade highs of 7.5%, the Bureau of Labor Statistics reported...
Odds for a 50-basis-point March Fed hike rise to almost 40% Two-year notes lead losses, yield heads for highest since 2019 U.S. Treasuries tumbled as the prospect of aggressive interest-rate hikes to cool inflation rippled through markets spooked by rising...
Here's how to tackle tax season as a freelance employee. There are many benefits to being self-employed. Often, you'll get to set your own hours, work from whatever location you please, and take on projects that interest you. There are...
Saving money on taxes is a top priority for many Americans as it's never fun to send a lot of money to the IRS. The good news is, there are plenty of ways to reduce your tax bill – including...
Asset shrinking to start in next few meetings, Brainard says Williams doesn’t see need for ‘big step’ in March rate hike Two top Federal Reserve officials backed raising interest rates in March to curb the hottest inflation in 40 years...
Greater-than-expected CPI could pressure a 50-basis-point move Fed policymakers usually prefer to move gradually at liftoff A hotter-than-expected U.S. inflation print would push the Federal Reserve closer to considering its single-largest rate hike in more than two decades. The January...
Tax season 2022 has arrived. The Internal Revenue Service starts accepting and processing 2021 tax returns Monday, Jan. 24, 17 days earlier than last tax season’s late start of Feb. 12. However, you might not have everything you need in...
Intuit Inc. Chief Executive Officer Sasan Goodarzi warned that Americans who invested in speculative assets like Bitcoin or nonfungible tokens, and actively traded equities on commission-free websites could be dumbfounded at this year’s tax bill. “We’re gonna see a lot...
The record surge in U.S. auto prices — which helped drive inflation to a four-decade high — may finally be over, say two firms that sell cars online. Used-car prices, which have risen at an annual rate above 50% at...
Market Review The year 2021 saw uncommonly high returns for stocks and some surprisingly negative returns as well. International stocks rose by 11.3%, the S&P 500 appreciated by 28.7%, and US growth stocks grew a blistering 32%. And then there...
The IRS has good news for retirees starting in 2022: you can now keep more money in your tax-deferred retirement accounts thanks to lower required minimum distributions (RMDs). For the first time in 20 years, the Internal Revenue Service has...
