Successfully saving enough for retirement is challenging under the best of circumstances. That's why it's so important to avoid major mistakes. Unfortunately, there's a lot that could go wrong, from picking the wrong asset allocation to choosing investments with high...
The latest unemployment claims data rose again unexpectedly, with 742,000 Americans filing initial claims last week as coronavirus cases and deaths spiked around the country. The numbers were above what labor market observers expected and continuing claims also came in...
Open enrollment, a window when people can pick new health care plans through the Affordable Care Act’s online marketplaces, continues through Dec. 15. But some consumers might be tempted by ads on social media or in emails that dangle an...
There's good news and bad news from the IRS for Americans saving for retirement with IRAs, 401(k)s, and other retirement accounts in 2021. Let's start with the bad news: Contribution limits won't go up next year. And now the good...
Cloudy with a Chance of Meatballs Most have heard of the above children’s story from the 1980s, Cloudy with a Chance of Meatballs, where the small town of Chewandswallow is unlike any town in the world, completely reliant on the...
An out-of-work travel agent whose mortgage payments were deferred now worries about losing her house. A couple can’t pay myriad bills after the $600 unemployment bonus ran out. An idled maintenance supervisor has fallen further behind on rent. USA TODAY...
Persistent layoffs are slowing momentum in the labor market, which bodes poorly for the broader U.S. recovery as millions of out-of-work Americans delay their mortgage and rent payments. More than 6 million households failed to make their rent or mortgage...
And that means they're missing out on a key opportunity to end up with more money for their senior years. Social Security won't cover all of your bills in retirement. You can expect those benefits to replace about 40% of...
Some Robinhood customers say their money was looted, suggesting online stock trading may be less secure than investors hoped. It feels as easy as it does safe. With a few swipes of the thumb, investors anywhere can trade stocks straight...
Kyle and Sara Sutton have been “looking aggressively” for a three- or four-bedroom, two-bath home in Grand Rapids, Mich. since April. Though they’ve made offers on five houses so far — even one without those much-coveted two bathrooms — they’ve...
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...
