Personal finance

Photo by Mike Kline (notkalvin) | Moment | Getty Images Life insurance planning for wealthy Americans may be upended by a proposal in Democrats’ tax reform package. The House Ways and Means Committee passed measures on Sept. 15 that would raise an estimated $2.1 trillion in taxes from corporations and the rich, to help finance

A Social Security Administration office in San Francisco. Getty Images The debt ceiling debate has sparked conversation about whether Social Security payments will still go out on time. However, Congress also faces another deadline with regard to the nation’s largest social insurance program. In just 13 years the trust funds Social Security relies on to

Prostock-Studio | iStock | Getty Images As teenagers navigate matters of love and money, a troubling percentage of young relationships are showing signs of financial abuse. Some 31% of U.S. teens aged 13 to 18 have flagged the signals of financial abuse — which may be controlling a partner’s ability to receive, spend or save

Jose Luis Pelaez, Inc. | Getty Images A significant number of harmed investors still aren’t receiving award money after winning disputes with brokers or brokerage firms, a watchdog organization says. When companies mishandle money, investors can fight for compensation through the Financial Industry Regulatory Authority, or FINRA, an independent, self-regulatory organization that oversees brokers and

In this article WRBY A customer tries on glasses at a Warby Parker store in Los Angeles. Michael Buckner | Getty Images Warby Parker’s stock debut may be a bit different from the norm, yet the expert advice still applies: Invest with caution. The popular eyewear maker began trading publicly on Wednesday through what’s called

Courtney Keating | iStock | Getty Images Being able to review a credit report in Spanish will be a huge help for Rosalie Remarais in her job as the Community Development Mortgage Loan officer at Five Star Bank in Rochester, New York. Remarais works with low- to moderate-income families, many of whom are first-time homebuyers,

Jodi Jacobson | E+ | Getty Images House Democrats proposed a change to the estate tax that would lead to more households having to pay up each year. But just how many people actually pay the tax, and how might the proposal change that share? The short answers: Few people pay it now, and the

Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images Rep. Tom Suozzi, D-N.Y., is expecting an agreement this week for changes to the $10,000 limit on the federal deduction for state and

Stacey Vanek Smith Photo: Sylvie Rosokoff Why aren’t things getting better for women? Stacey Vanek Smith couldn’t stop asking that question as she looked over the grim statistics: Eighty percent of CEOs are still men, corporate boards are more than 80% male, two-thirds of federal judges are male and 98% of venture capital goes to

Halfpoint Images | Moment | Getty Images If you have student loan debt, you may be able to get help paying it down through your employer — or find one that does. More than 44 million Americans are weighed down by student debt, owing a collective $1.7 trillion. Now as the “Great Resignation” gains steam

10’000 Hours | Getty Images If you’ve worked remotely at any point this year, you may want to evaluate what that could mean for your 2021 tax return. Although many states offered a pandemic-related reprieve that generally resulted in no tax-filing obligation for people who worked temporarily in their state, the leniency was for 2020

Getty Images |  filadendron Panic selling is common after stock market dips, and it’s more likely to happen with certain investors, according to research from the Massachusetts Institute of Technology. When the market drops, men over age 45 who are married with children and have self-described “excellent investment experience” are more prone to sell-offs, the

Hispanolistic | E+ | Getty Images You may want to ditch your commute permanently or leave a job that you hate. Yet before you quit, you’ll want to make sure your financial house is in order. Not only will it help you survive a period of unemployment, it will help you focus on finding your

d3sign | Moment | Getty Images When it comes to reserving hotel stays, Aesop and his fabled ants might have gotten it backwards — it can actually pay to wait till the last minute to book. While conventional wisdom holds that travelers get better rates for accommodations, air and other vacation components by reserving early,

lisegagne | E+ | Getty Images The new enhanced child tax credit may help parents continue working, a recent study shows. Nearly 94% of parents said they planned to continue working or even work more once receiving the credit, which began in monthly installments in July, according to a report from a team of researchers

Sinenkiy | iStock | Getty Images Federal benefits for aged, blind and disabled Americans have not been updated in years. Now, some lawmakers and advocates are pushing for changes to the program — called Supplemental Security Income, or SSI — to be part of legislation being promoted in Congress. However, it is still unclear whether

Westend61 Panic selling often happens during stock market dips, and those who dump investments may later regret their decision.  The bigger issue, however, is getting back into the market after a “freak out,” according to research from the Massachusetts Institute of Technology. “Panic selling is predictable,” said co-author Chi Heem Wong, researcher at MIT, and there

sorn340 | iStock | Getty Images It’s now been more than seven months since President Joe Biden asked the U.S. Department of Justice to review his legal authority to cancel student debt. The agency hasn’t released its findings yet. And although top Democrats argue that the president can cancel the debt through executive action, Biden

A detail of the statue of Satoshi Nakamoto, a presumed pseudonym used by the inventor of Bitcoin, in Budapest, Hungary. Janos Kummer | Getty Images News | Getty Images The price of popular cryptocurrencies like bitcoin and ethereum plunged Friday after Chinese officials intensified a crackdown, essentially declaring crypto to be illegal. The government intervention,

In this article BKCC Ronnie Kaufman | DigitalVision | Getty Images Everyone wants to be happy in retirement. So what will it take to get there? It’s not just saving money, although that is key, according to certified financial planner Wes Moss, chief investment strategist at Atlanta-based Capital Investment Advisors and author of the upcoming