Personal finance

Up until now, 529 savings plans were widely considered the best way to save for college. But there was always a major sticking point, according to financial experts and plan investors. The funds had to be used for qualified education expenses such as tuition, fees, books and room and board. Even though the restrictions had loosened in recent
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Student loan forgiveness advocates rally outside the U.S. Supreme Court building in Washington, D.C., after the nation’s high court struck down President Joe Biden’s student debt relief program, June 30, 2023. Kent Nishimura | Los Angeles Times | Getty Images Nearly a year before federal student loan payments restarted, the U.S. Department of Education warned
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Marco Bello | Reuters The price of bitcoin has surged in 2023 as investors await approval for the first U.S. spot bitcoin exchange-traded fund, which would be a milestone for cryptocurrency investors, experts say. In early December, the digital currency topped $44,000 for the first time since April 2022, and year-to-date gains were above 160%,
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Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois.  Scott Olson | Getty Images Heading into 2023, the predictions were nearly unanimous: a recession was coming. As the year comes to a close, the forecasted economic downturn did not arrive. So what’s in store for 2024? An economic
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Westend61 | Westend61 | Getty Images As we stand on the cusp of the new year, one trend on the investment landscape that has brought significant changes in past years appears unshakeable: exchange-traded funds. The ongoing popularity of ETFs is no coincidence. Historically speaking, stock portfolio and asset management were much like exclusive clubs, since
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Sdi Productions | E+ | Getty Images While tax breaks are not the main reason for charitable giving, some strategies can help investors optimize their donations. It’s too late to execute some strategies with the end of 2023 just days away. “We encourage people to start thinking about charitable giving in June,” said Julie Goodridge,
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Andersen Ross Photography Inc | Digitalvision | Getty Images Some colleges offer and push financial products to students that can be exploitatively pricey, a new report by the Consumer Financial Protection Bureau finds. “This analysis indicates that hundreds of colleges are paid by financial institutions to market certain products to students,” the bureau writes. “This
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Betsie Van der Meer | Getty If you’re a last-minute holiday shopper still checking off the remaining gifts on your list, beware: You could be putting yourself at risk for fraud. “Procrastination is, quite frankly, one of the keys to success for crooks,” Paul Fabara, chief risk officer at Visa, recently told CNBC. “They assume that
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Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters More than a year after single-stock exchange-traded funds hit the U.S. market, risk-seeking investors continue to dive in. Single-stock ETFs were first introduced in Europe in 2018. There are now nearly four dozen single-stock ETFs in the U.S., many of
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