In this article MBAYX Caiaimage/Robert Daly | Getty Images Chances are that deciding when to claim Social Security likely will be one of the biggest retirement choices you will ever make. Yet a recent survey from MassMutual found that many pre-retirees are getting key facts about the program’s rules wrong — and just one mistake
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Tara Moore | Getty Images Social Security beneficiaries could be in for a bigger cost-of-living adjustment next year, if current economic trends continue. But just how much farther an increase to those monthly benefit checks will go will depend a lot on inflation. The Senior Citizens League, a nonpartisan senior group, released its first official
In this article IRSA3-AR FatCamera | E+ | Getty Images There are only a few days left for individuals to file their 2020 tax returns without risking a penalty from the IRS. This year, the deadline for tax returns is Monday, May 17. In March, the IRS pushed back the date for individual returns due
Scott Olson | Getty Images If you’re lucky — as in really, really lucky — that $2 Mega Millions ticket you’re holding could be worth $430 million by Saturday. That’s the face value of the jackpot heading into Friday night’s drawing. Yet whether you’d choose to receive the prize as an annuity spread over three
Ohio Gov. Mike DeWine said Thursday that the state would end its participation in federal unemployment programs June 26. Justin Merriman | Getty Images News | Getty Images More than a dozen states are withdrawing from pandemic-era unemployment programs — forgoing billions of dollars in federal funds that would otherwise flow to out-of-work residents. Here’s
kate_sept2004 | E+ | Getty Images Putting away enough savings for retirement has always been a struggle for many Americans. One reason workers tend to fall short: They often dip into the money they have set aside for their golden years. Now, some experts and lawmakers are discussing one idea that could help workers avoid
Hispanolistic | E+ | Getty Images Credit card balances have dropped during the Covid-19 pandemic. Now financial experts are hoping Americans can find the wiggle room to reach another financial goal: bulking up their emergency savings. Total credit card debt in the U.S. dropped by 13% by the end of the third quarter of 2020,
Jose Luis Pelaez Inc | DigitalVision | Getty Images Good news for parents: Monthly payments through the new federal enhanced child tax credit will begin July 15. The credit will go to roughly 39 million households with about 65 million children, or 88% of children in the U.S., according to the IRS. The expanded credit
In this article TSLA Elon Musk, the CEO of Tesla. Christophe Gateau/picture alliance via Getty Images Elon Musk impersonators have stolen at least $2 million from investors in cryptocurrency scams over the past six months, according to the Federal Trade Commission. The theft is part of a so-called “giveaway scam,” whereby con artists pose as
Getty Images The May 17 extended tax filing deadline has arrived. Those who still aren’t ready may feel panicked, yet experts say there are options for people who aren’t prepared to file or pay. More from Personal Finance:2020 tax returns are due to the IRS on May 17. Here are some last-minute filing tipsAlmost 2
Hispanolistic Depending on where you live, cash or other financial aid from your state could be coming your way. As the U.S. economy continues recovering from the pandemic, some states are using (or plan to use) extra money in their budgets to either send out stimulus-type payments, provide tax cuts or otherwise give relief to
In this article CMG Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania. Mark Makela | Reuters As the labor market heats up, Chipotle Mexican Grill announced Monday it’s raising pay for restaurant workers, reaching an average of $15 an hour by the end of June. The
Leo Lee and his wife, Lydia, relied on takeout and delivery services to keep their Los Angeles restaurant, RiceBox, afloat during the pandemic. Source: Leo Lee Like many small business owners around the country, Leo and Lydia Lee saw the earnings from their Los Angeles restaurant nosedive when the Covid pandemic hit. They also had
Thomas Barwick | DigitalVision | Getty Images Women entrepreneurs have long gotten a small slice of the venture-capital funding pie. Female VC leaders are trying to change that. In fact, opportunities abound for “wontrepreneurs,” said Julie Sandler, managing director at startup studio and venture capital fund Pioneer Square Labs, based in Seattle. She spends most
You probably didn’t go to a live concert in 2020. The majority of festivals, fairs and sporting events were canceled across the globe in 2020 to help stop the spread of the coronavirus. Alex and Kelsey Carroll’s company, Toss Up Events, designed and operated unique fan experiences at major sporting events across the country. Cancellations
Tetra Images | Tetra images | Getty Images Over the last year, lawmakers have passed many tax breaks for businesses due to the coronavirus pandemic. Now, the Biden administration is encouraging the hardest-hit businesses to take advantage of one especially large tax break, the employee retention credit. The employee retention credit was first established in
Ariel Skelley | DigitalVision | Getty Images A lack of paid leave and access to quality child care has long been an issue for working parents in the U.S., advocates argue. The coronavirus pandemic has only exacerbated the issue, with some parents — mainly women — ditching their jobs to care for their kids. A
Shirley Chung prepares a dish at the Michael Muller’s HEAVEN, presented by The Art of Elysium, event on Jan. 5, 2019 in Los Angeles. Phillip Faraone | Getty Images Entertainment | Getty Images When the pandemic hit, chef and reality TV star Shirley Chung quickly pivoted her restaurant business to manage through the crisis. Dealing
People enjoy a stroll through Historic Annapolis Main Street in Annapolis, Maryland on April 29, 2021. Marvin Joseph | The Washington Post | Getty Images For Mitch Hughes, chief executive of Vizz, a construction management software firm he founded in 1996, the pandemic created ideal conditions for acquisitions. Vizz, which runs a visualization platform
Masked visitors view art at El Museo del Barrio’s Estamos Bien exhibit. The museo has reopened but at limited capacity. Michael Palma Mir When the Paycheck Protection Program ran out of funding the first week of May – weeks ahead of its May 31 deadline – it was a huge surprise to the staff of