The Internal Revenue Service is going to get its piece of your hard-earned, tax-deferred retirement savings accounts — it’s just a matter of when. A harsh reality? Perhaps. A chance to think strategically about your retirement accounts? Absolutely. That’s because...
Keep a sharp eye on your email inbox in the coming days and weeks, student loan borrowers. Buried amongst the spam mail and coupons may be the latest information on debt forgiveness. The Biden administration has taken its next steps...
Central bankers are independent of the White House as they set interest rates. But the political cycle can put them under unwanted limelight. Federal Reserve officials are widely expected to embark upon a rate-cutting campaign in the coming months, bringing...
Many factors impact the cost of owning a home, such as your mortgage principal, property tax bill, homeowners insurance premium, and — this is a big one — your mortgage interest rate. We’ll discuss what determines mortgage rates. That way,...
The Federal Reserve held interest rates steady Wednesday but hinted that it is nearer to easing monetary policy as it cited “some further” progress on inflation and Fed Chair Jerome Powell told reporters a September cut “could be on the...
This year we celebrate a decade of Archvest! We are so grateful to you, our clients, for your trust and partnership. When we founded Archvest our goal was to change the way people think about financial planning—emphasizing a comprehensive approach...
For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings. For close to a century, putting your savings into a federally insured bank has been a sure thing: If the...
In a society where discussing one’s financial status often remains taboo, understanding where you stand on the wealth spectrum can be intriguing. While most shy away from openly discussing assets, getting a sense of how net worth stacks up against...
The latchkey kids are all grown up. The oldest members of Generation X — that generation born between 1965 and 1980 and known for its irreverence, sarcasm and indifference — are hitting 59½ and eligible to start withdrawing money from...
Federal Reserve Chair Jerome Powell said Tuesday that he is encouraged by cooler inflation but reinforced that the central bank will need to see more evidence before cutting interest rates. The last two inflation readings in April and May “do...
Your net worth is like a scorecard of how you’re doing financially. Consistently moving in a positive direction means you’re making solid progress toward becoming financially independent and toward retirement. Calculating your net worth is simple. You add up all...
This budget strategy gives every dollar you earn a purpose. Budgeting gets a bad rap. But when you start to think about it as a tool you can leverage to meet your financial goals, budgeting can be helpful, exciting —...
Retail sales increased at a slower-than-expected pace in May as high interest rates and inflation continued to weigh on consumers. Retail sales increased 0.1%, less than the 0.3% economists had expected. In April, retail sales ticked down 0.2%, according to...
You’ll want at least enough to cover your monthly bills. But It’s also possible to have too much money sitting in a checking account. It’s a question everybody likely wonders, from the billionaire to the person living paycheck to paycheck:...
Mint, the popular budgeting app, shut down on March 23, 2024. In its initial press release, Intuit — the parent company of Mint — invited Mint users to transition to another Intuit service, Credit Karma. Although Credit Karma offers numerous...
