The U.S. has experienced an unprecedented wealth boom. Yet, few Americans — including millionaires— feel confident about their financial standing. Only 12% of Americans consider themselves wealthy, according to a new report by Edelman Financial Engines. Despite their high net worth, just 33% of millionaires said the same, the report found. Edelman Financial Engines polled more than
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Sometimes, life throws you a curveball, and you’re suddenly staring at a tax form you’ve never seen before — like IRS Form 1099-LS. Let’s look at why a 1099-LS form appeared in your mailbox this tax year and what to do with it when filing your taxes. At a glance: Form 1099-LS reports the sale
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Jgi/jamie Grill | Tetra Images | Getty Images In January, experts said 2024 would be a “very good year for savers.” And it still is, despite the Federal Reserve’s recent 50 basis point rate cut, which will push record returns on cash lower. “Those rates aren’t going to go from awesome to awful overnight,” said
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The Federal Reserve slashed interest rates by a half percentage point, or 50 basis points, on Wednesday, its first rate cut since March 2020. Even before the Fed rate cut, some homeowners had already taken advantage of recent declines in mortgage rates to refinance. Refinance activity increased to 46.7% of total applications during the week
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Did you receive Form 1099-G this tax year? Here’s everything you need to know about this important tax form and how to use it when filing your income tax return with the Internal Revenue Service (IRS). At a glance: Form 1099-G most commonly reports unemployment compensation plus any state or local tax refunds you received.
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In this article BA Follow your favorite stocksCREATE FREE ACCOUNT Boeing factory workers gather on a picket line during the first day of a strike near the entrance of a production facility in Renton, Washington, U.S., September 13, 2024.  Matt Mills Mcknight | Reuters RENTON, Wash. — Cash-strapped Boeing is facing mounting costs from an
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A major exchange-traded fund and mutual fund manager finds the winning gold trade isn’t talked about as much as the artificial intelligence trade — but maybe it should be. VanEck CEO Jan van Eck thinks the best investment this year is “the hedge against political cycles.” To him, that means investing in gold.  “It is quietly
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Mari Pepin and Kenny Braasch got engaged on season 7 of “Bachelor in Paradise” and married in 2023. Photo: Dolce Amor Co. Theoretically, contestants on ABC’s “The Bachelor” are looking for love. What they often find are business opportunities. Mari Pepin, 28, got both. Pepin was a participant on “The Bachelor” season 25, which aired
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Updated for tax year 2024. Your little bundle of joy may tap into your pocketbook throughout the year, but at tax time they can actually help you save money. And the more children you have, the bigger your tax savings. Uncle Sam offers many tax benefits for families, but understanding which ones you qualify for
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