Personal finance

In this article GSBD damircudic | E+ | Getty Images Working Americans rank credit card debt as one of the top challenges to their ability to save for retirement. That’s the finding in a new surveyconducted over the summer by Goldman Sachs that included more than 1,200 people. Melinda Opperman, president and chief relationship officer

Getty Images Without the child tax credit, Stormy Johnson is worried about having enough to eat. Johnson, 44, works as a student support specialist in Preston County Schools in Kingwood, West Virginia. Since July, she’s been receiving an additional $500 each month through the enhanced child tax credit for her two children, Violet, 14, and

Heading into 2022, many workers are ready for a change. But you don’t have to join the “Great Resignation” and quit to shake things up. You may be able to give your old job a new look with a few small tweaks. As return-to-office plans are pushed back once again with the rise of the

Westend61 | Westend61 | Getty Images One of the most coveted holiday gifts of the year might be unexpected. Some 65% of Americans want financial investments such as stocks and cryptocurrency as gifts this year, according to a recent survey of more than 2,000 adults from MagnifyMoney. In addition, about one-quarter of those surveyed said

Pedestrians stand in line at a Covid-19 mobile testing site at Columbus Circle in New York, on Dec. 5, 2021. Jeenah Moon/Bloomberg via Getty Images Covid cases are spiking in some parts of the U.S., and the highly contagious omicron variant is expected to fuel another virus wave headed into winter. In New York, some

JaruekChairak | iStock | Getty Images Amid all the worrisome news about the omicron variant, there one’s good development: Soon most Americans should be able to pick up at-home Covid tests for free. The Biden administration said earlier this month that those with private health insurance can request reimbursement from their plans for these takeaway

The Consumer Financial Protection Bureau said Thursday it is opening an inquiry into popular “buy now, pay later” programs. The financial watchdog said it is particularly concerned about how BNPL impacts consumer debt accumulation, as well as what consumer protection laws apply and how the payment providers harvest data. “Buy now, pay later is the

A Social Security Administration office in Sebring, Florida. Jeff Greenberg | Universal Images Group | Getty Images Applying for Social Security benefits can be a complicated process. Now President Joe Biden wants to make it easier. This week, the president signed an executive order to streamline processes for Americans to apply for services and benefits

Children draw on top of a Treasury check prop during a rally in front of the U.S. Capitol on Dec. 13, 2021. Alex Wong | Getty Images The IRS and U.S. Department of the Treasury are ending out the final monthly child tax credit payment of the year to millions of American families Dec. 15.

mixetto | E+ | Getty Images The tax season is fast approaching — and the IRS has its eye on crypto investors.   Form 1040, which U.S. taxpayers use to file an annual income tax return, has a question about “virtual currency” near the top of the first page. Investors must report taxable 2021 transactions

ljubaphoto | E+ | Getty Images The Covid-19 pandemic exacerbated many differences between haves and have-nots in the U.S. Now, a new survey shows that it also made the savings gap more pronounced between those groups. Of those with incomes less than $50,000, 36% say they now have less savings than before the pandemic, versus

As you’re wrapping up your finances this year, you may want to take advantage of a few investment and tax strategies that could become more expensive or go away altogether in 2022. Financial advisors, retirement consultants and tax experts recommend these savvy money moves to make now — or at least by Dec. 31 —

Tetra Images | Getty Images Thousands of taxpayers may still be waiting for a tax refund on unemployment benefits collected during the Covid pandemic, as the IRS grapples with a backlog of tax returns. The American Rescue Plan Act, a pandemic relief law, waived federal tax on up to $10,200 of unemployment benefits a person

Liu Guanguan | China News Service | Getty Images News that inflation rose to a historic high in November probably comes as no surprise to retirees. But they may be in for another shock when they receive their monthly Social Security checks in January. The Social Security Administration announced in October that beneficiaries will get

In this article MRO XOM MUR krisanapong detraphiphat | Moment | Getty Images In recent years, many financial advisors have been cautious talking to clients about energy companies. So much so that it’s become almost taboo. Undoubtedly, environmental, social and corporate governance concerns have played a part, with a burgeoning number of investors now more

Milos Dimic | E+ | Getty Images If a new job is what you want in the new year, you may want to start preparing now. That’s because January and February are the best times of year to look for a job, since companies that have a calendar-year budget tend to post new positions during

XiFotos | E+ | Getty Images Inflation is not just a day-to-day worry for Americans. It is now also their top risk for retirement. A survey from Allianz Life Insurance Company of North America finds that 25% of Americans see rising inflation as the single greatest risk to their retirement plans. That’s up from 8%

Nick Emery clears mountains of snow from his driveway on March 14, 2021 in Nederland, Colorado. Helen H. Richardson | Denver Post | Getty Images This winter could be especially cold and expensive. But there are a few ways to keep your wallet full and your family warm. People who heat their homes with natural

The amount of student loan debt in the United States is $1.8 trillion dollars — and counting. The price to get an education has never been more expensive. The student loan crisis has affected a lot of students but statistics show that it disproportionately affects the Latinx community. Around 72% of Latinx students take out

Dana Neely | Taxi | Getty Images Medicare beneficiaries may already be aware that the big jump in their 2022 Part B premiums is partly due to the cost of a single drug. Yet why all enrollees are picking up the tab for Aduhelm — a controversial new medicine designed to slow cognitive decline with