Personal finance

Tomas Rodriguez | Picture Press | Getty Images As millions of families care for aging relatives, many overlook tax breaks that may help ease the financial burden.  Roughly 19% of Americans provided unpaid care for an adult with health or functional needs in 2020, according to the National Alliance for Caregiving, and those numbers continue to

David Lees | Stone | Getty Images Most Americans aren’t prepared for retirement. While most non-retired adults have some type of nest egg, only 36% think their retirement savings are on track, according to the Federal Reserve. A separate survey from the Insured Retirement Institute found that most workers don’t have sufficient retirement savings and

A Social Security Administration office in San Francisco. Getty Images Social Security’s latest report on the status of the trust funds on which it relies to pay benefits has both good and bad news. The good news is that the funds have not been as hard hit by the Covid-19 as was initially feared, due

vitapix | E+ | Getty Images Tax breaks for retirement plans, such as 401(k) plans and individual retirement accounts, may reward workers for saving more money, but these write-offs may also be widening the racial wealth gap. That’s according to a new analysis from the Tax Policy Center that is based on the Federal Reserve’s latest Survey

Dartanian Stovall looks at the house that collapsed with him inside during the height of Hurricane Ida in New Orleans. Michael DeMocker | USA TODAY Network via Reuters If you’ve winced at the destruction caused by Hurricane Ida along the Gulf Coast, you may want to consider whether you’re prepared in case the next big

zimmytws | iStock | Getty Images A new report released by the Social Security Administration on Tuesday reveals new estimates of just how much the Covid-19 pandemic has impacted the program’s already ailing trust funds. The results show the funds from which the program pays benefits have been “significantly affected” by both the pandemic and

A woman walks by a “Now Hiring” sign outside a store on August 16, 2021 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images You don’t have to go far to see a “now hiring” sign these days, as certain industries struggle to bounce back amid the coronavirus pandemic.   For some workers, it

Kameleon007 | iStock | Getty Images The national eviction ban is no longer in effect, after the Supreme Court struck it down last week, leaving the more than 11 million Americans still behind on their rent at risk of being forced out of their homes. However, at least four states and Washington, D.C., will continue

Alexi Rosenfeld | Getty Images Even as the delta variant of Covid-19 upends return to work and school plans, many parents who are now sidelined are plotting a return to work. About 81% of parents who are looking for job openings are planning to do so for financial reasons, according to a new survey conducted

Financial schemes and scams were most frequently reported to have stemmed from a phone call. sturti | Getty Images If you get an email, letter or call about student loan debt forgiveness, pause before you send along any of your personal information. It could be a scam. Amid a rise in calls for broad-based student

Michele Treacy and family with her late father Col. Lester Marlon Romine Courtesy of: Michele Treacy Michele Treacy lost her father at the beginning of the pandemic. However, a delayed tax refund has prolonged the grief she and her family are feeling and prevented them from finding closure. Treacy’s father, Col. Lester Romine, 91, passed

Bangkok ranked No. 1 on a new list of top global “workation” destinations from Holidu.co.uk. Getty Images As telecommuting has proven necessary, practical and long-lasting for many amid the pandemic, a common thought’s been occurring to employees worldwide — why work from home when you could work by a beach, or at a Parisian café?

A college graduate calls their family on video to celebrate Kemal Yildirim | Getty Images Earlier in August, the U.S. Education Department under President Joe Biden announced it would cancel another $1.1 billion in student loan debt for about 115,000 borrowers who attended ITT Technical Institute, a now-defunct school. This latest round of forgiveness brings

Choreograph | iStock | Getty Images Signing up for Medicare sometimes means deciding that a supplement plan — aka Medigap — suits your situation. That is, you want extra insurance to at least partially cover the cost-sharing aspects of Medicare — deductibles, copays and coinsurance. However, Medigap plans do have limitations to be aware of.

kate_sept2004 | E+ | Getty Images For millions of American families, the new enhanced child tax credit has meant extra money on a monthly basis. Even better, there are other tax credits that were improved during the pandemic that folks will be able to use to boost refunds, or potentially offset tax liabilities. That’s because

Education Secretary nominee Miguel Cardona testifies before the Senate Health, Education, Labor and Pensions committee during his confirmation hearing on Capitol Hill Washington, DC., February 3, 2021. Susan Walsh | Pool | Reuters The U.S. Department of Education announced Thursday it will cancel $1.1 billion in student debt for 115,000 borrowers. The relief will go

MoMo Productions | DigitalVision | Getty Images Interest in working remotely has surged during the Covid-19 pandemic and is lingering even as the economy reopens, a new study suggests. The share of online job searches for remote positions jumped 460% in the two years between June 2019 and June 2021, according to an analysis published

JGI/Tom Grill | Tetra images | Getty Images As retirees live longer, many worry about outliving their savings. However, many older Americans haven’t planned for a looming expense: the cost of long-term care. The median cost of a private room in a nursing home was $105,850, and in-home care costs were $53,768 to $54,912 annually,

XiFotos | E+ | Getty Images Nearly 40% of Americans participating in 401(k) retirement plans do not fully understand the fees associated with the accounts, according to a report released Thursday by the Government Accountability Office, a congressional watchdog. The lack of knowledge around how fees work in the employer-sponsored retirement plans persists, the report

Job seekers speak with hiring representatives during a job fair at a community center in Beattyville, Kentucky, U.S., on Wednesday, July 28, 2021. Jon Cherry | Bloomberg | Getty Images Most Americans expect to look for a new job as the pandemic continues. Some 55% of people in the workforce, meaning that they’re currently working