When the government announced the Paycheck Protection Program earlier this year, it said that pandemic-stricken business owners wouldn’t have to pay back funds if used for certain purposes — namely, payroll costs, interest on rent or mortgages, and utilities. Now,...
If you're considering cashing out or taking a loan on your 401(k), here's a few things to know about the possible impacts on your taxes of an early withdrawal. If you need money but are trying to avoid high-interest credit...
401(k) accounts are a popular retirement plan because they provide generous tax breaks, they're easy to invest in, and many employers offer them. If you've got some money in your 401(k), you may be wondering how your account balance stacks...
With Halloween near, investors need to keep an eye out for zombies. The pandemic has boosted the number of zombie companies—unprofitable, cash-poor firms that rely on financial markets to cover their costs—reports money manager Principal Global Investors. In the first...
Mortgage rates keep falling, yet many homeowners are still sitting on the sidelines waiting to refinance. Rates have been dropping steadily since the coronavirus crisis began, spurring a refinancing boom. According to mortgage data firm Black Knight, servicers originated more...
A 401(k) retirement plan is one of the most popular ways to save money for retirement and score some tax breaks for doing so. But often these plans don’t provide a lot of guidance on how to manage them, and...
In 2014, Eric Lai and John Wenzel founded Archvest Wealth Advisors® after both working for independent RIAs. Through a financial planning lens, they provide comprehensive services that help clients meet their individual goals. Their modern, tech-forward approach also helps them...
Just $1.4 billion of loans have been issued amid onerous terms Small take-up could stall economic recovery, support for jobs It was billed as a lifeline for America’s middle-market companies seeking cash to get through the pandemic. Yet more than...
With apologies to Sesame Street, the U.S. economy has emerged from six months of the COVID-19 pandemic looking a lot like the letter "K." On one end of the economy are businesses that are soaring, as we abandoned offices and...
Thursday’s European Central Bank meeting should be anything but dull: the euro is surging, inflation is negative for the first time since 2016 and there is heightened uncertainty about the coronavirus as the number of new cases edges higher. No...
Hundreds of thousands of Americans have pulled money from 401(k) plans during the coronavirus pandemic. The CARES Act allowed savers to withdraw up to $100,000 before the end of the year without penalty. Thinking of retirement savings like a monthly...
Low-interest rates may be here to stay, but not for all financial products The Federal Reserve is shaking things up – which is both good and bad news for consumers. The Fed made some of the biggest changes to its...
Traditional recruiters of business school graduates are nowhere to be found this fall, while a few tech companies are emerging with offers Business school students are bracing for an uncertain job market this coming school year as many traditional corporate...
A new refinancing fee previously set to go into effect in September will be delayed, a window of opportunity for many homeowners who want to take advantage of mortgage rates near historic lows. The new 0.5% mortgage refinance fee won’t...
32 states had received federal approval to offer an extra $300 a week in unemployment benefits as of 12 noon ET on Wednesday. About 5.5 million workers are currently receiving unemployment insurance or Pandemic Unemployment Assistance in the states that...
