Personal finance

In this article WU Follow your favorite stocksCREATE FREE ACCOUNT The author in Argentinian Patagonia in February 2023. Here, the Spegazzini Glacier cascades into Lago Argentino, the third largest lake in South America. Waiting in an hourlong line at a Western Union wasn’t on my initial itinerary when planning a recent trip to Argentina. Yet

Visualspace | E+ | Getty Images Small business owners today may feel they’re getting pulled in two directions: stuck between wanting to offer a retirement benefit to their workers but feeling unable to afford costs associated with a 401(k) plan. But entrepreneurs scared by the affordability of maintaining a 401(k) plan can instead consider an

Parents and children participate in a demonstration organized by the ParentsTogether Foundation in support of the child tax credit portion of the Build Back Better bill outside of the U.S. Capitol on Dec. 13, 2021. Sarah Silbiger | Bloomberg | Getty Images President Joe Biden’s proposed budget for fiscal 2024 includes a host of proposals

Luis Alvarez | Digitalvision | Getty Images The pace of wage growth seems to be decelerating, according to the February jobs report issued Friday — but workers still have bargaining power in a cooling but strong job market, economists said. “Workers have a very strong negotiating position,” Mark Zandi, chief economist of Moody’s Analytics. “The

While the thought of funding your retirement adequately might be daunting, if you start planning now you’ll certainly be thankful later. It also might not be as difficult as you think. Retirement usually entails replacing your onetime annual salary from a workplace with other income sources to maintain your current lifestyle. While Social Security may

U.S. President Joe Biden delivers remarks about his budget for fiscal year 2024 at the Finishing Trades Institute in Philadelphia, Pennsylvania, March 9, 2023. Evelyn Hockstein | Reuters Days after introducing a new plan to shore up Medicare, President Joe Biden called for “protecting and strengthening” Social Security with the introduction of his fiscal 2024

In this article AUTO-GB LNC MSFT AMZN GOOGL AAPL META Follow your favorite stocksCREATE FREE ACCOUNT Several large companies have announced significant job cuts in recent months: Google, Microsoft, Amazon and other tech companies collectively laid off more than 70,000 employees in the last year and there are no signs of that trend slowing down.

President Joe Biden delivers remarks on his plan to protect Americans access to affordable health care in Virginia Beach, Virginia, on Feb. 28, 2023. Saul Loeb | AFP | Getty Images President Joe Biden this week called for higher taxes on wealthy Americans to boost Medicare as part of his 2024 budget, aiming to help

Willie B. Thomas/Hinterhouse Productions | Getty Images When it comes to retirement security for women, marriage may not give them the leg up it once did. Women who have spent the majority of their adult life single — whether due to divorce or never marrying — are now generally as well prepared for retirement as

U.S. Supreme Court Associate Justice Amy Coney Barrett. Evelyn Hockstein | Reuters The fate of the Biden administration’s sweeping plan to cancel $400 billion in student loan debt for tens of millions of Americans may hinge on the newest conservative member of the Supreme Court: Justice Amy Coney Barrett. Barrett was the conservative justice who

During the coronavirus pandemic, child reading and math competency rates plummeted across the country. The National Assessment of Educational Progress found two decades of improvements were wiped away. The declines were widespread, but were most pronounced among the students who had already been struggling well before 2020. In a race to overcome the Covid-19 learning

In this article FIS Follow your favorite stocksCREATE FREE ACCOUNT In the end, 2022 was not kind to retirement savers. Average 401(k) balances plunged 23% over the course of the year to $103,900, according to a report by Fidelity Investments, the nation’s largest provider of 401(k) plans. Individual retirement account average balances sank 20% year

D3sign | Moment | Getty Images The April 18 federal tax deadline is only six weeks away, and if you haven’t filed yet, you may qualify for free preparation. While many prefer a paid preparer, free filing options may be worth exploring for simple returns, such as filings with only a couple of W-2 forms,

Demonstrators in favor of canceling student debt gather outside the U.S. Supreme Court in Washington, D.C., on Feb. 28, 2023. Bloomberg | Bloomberg | Getty Images As the Supreme Court deliberates whether or not to allow the Biden administration’s student loan forgiveness plan to go through, tens of millions of Americans are stuck in an

Drakula & Co. | Moment | Getty Images After a year of soaring prices, the IRS made annual inflation adjustments for dozens of tax provisions, including the federal income tax brackets for 2023, which may affect next year’s taxes, experts say. While the rates didn’t change, the brackets show the federal income taxes you’ll owe

Adamkaz | E+ | Getty Images Many Americans claim Social Security retirement benefits at the earliest age possible but see their monthly benefit checks reduced for life for doing so. Now, a bipartisan group of senators is proposing two changes to help encourage retirees to wait. The lawmakers include Sens. Bill Cassidy, R-La.; Chris Coons,

Getty Images Roughly six weeks into the tax filing season, IRS improvements are underway with more staffing and technology upgrades as the agency begins deploying its nearly $80 billion in funding.  While processing may be faster this year, experts say there are some key things to know before filing your return. “Every tax season has

Pascal Broze | Onoky | Getty Images Lawmakers are hashing out plans to shore up Social Security’s ailing trust funds, and the possible changes will affect the benefits Americans receive. Broadly, that comes down to two key changes: raising the retirement age and increasing the amount of annual wages subject to the Social Security payroll

A sign calling for student loan debt relief is seen in front of the Supreme Court as the justices are scheduled to hear oral arguments in two cases involving President Joe Biden’s bid to reinstate his plan to cancel billions of dollars in student debt in Washington, U.S., February 28, 2023.  Nathan Howard | Reuters

Morsa Images | Digitalvision | Getty Images The pandemic-era trend of working from home remains a key feature of the U.S. job market — and is likely to stay entrenched as a permanent perk for a broad swath of the American workforce, according to labor economists. The pre-pandemic baseline of going into an office five