University graduates, already “treading water” amid the cost of living crisis, are set for more financial pain. Student debt is set to increase by thousands of dollars this year after inflation figures came in slightly higher than expected. HECS debt is expected to increase by 4.8 per cent when indexation is applied on June 1, … Read more
US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images The aid package is narrower Biden’s 2020 campaign promise to erase student debt was thwarted at the Supreme Court in June. The majority-conservative court ruled that Biden didn’t have … Read more
The U.S. Department of Labor headquarters in Washington. Al Drago/Bloomberg via Getty Images The Biden administration issued a final rule on Tuesday that cracks down on the investment advice that advisors, brokers, insurance agents and others give to retirement savers. The U.S. Department of Labor regulation — which follows a rule proposal in October — … Read more
Just an inch of floodwater can generate tens of thousands of dollars in property damage. Homeowners trying to move and start over after such a disaster might find a surprising buyer for their home: the government. The Federal Emergency Management Agency, or FEMA, has spent around $4 billion assisting in the purchase of about 45,000 … Read more
Ryanjlane | E+ | Getty Images Rebates tied to home energy efficiency and created by the Inflation Reduction Act may start flowing to many consumers within months. The federal government is issuing $8.8 billion for Home Energy Rebates programs through states, territories and tribes, which must apply for the funding. The U.S. Department of … Read more
Jacob Wackerhausen | iStock / 360 | Getty Images If you’ve inherited an individual retirement account since 2020, you could have a shorter timeline to withdraw the money, which can trigger tax consequences. But there are a few things to consider before emptying an inherited account, experts say. Under the Secure Act of 2019, so-called … Read more
Payment and reporting dates over the Anzac Day public holiday are set to shift for Centrelink customers. The revised dates accommodate for branch closures affecting processing times and face-to-face appointments. Centrelink branches across Australia will be closing for the Anzac Day public holiday on Thursday, April 25. Newsletters: Breaking news as it happens. Subscribe now … Read more
Tax time is just around the corner and with it comes an important date to mark in your calendar to avoid a hefty fine. The end of the financial year, July 1, is fast approaching, meaning it is time to start getting your affairs in order. If you are lodging your own tax return, you … Read more
What started as a fun side project for Tommy Sikes has become a big part of his business. With the youngest of his three children about to enter law school, Sikes began thinking about the next chapter for him and his wife — namely, the ever-more popular possibility of spending at least part of their … Read more
Jannese Torres is the founder of the blog Delish D’Lites and the podcast “Yo Quiero Dinero.” Photo Jannese Torres In her upcoming book, “Financially Lit!: The Modern Latina’s Guide to Level Up Your Dinero & Become Financially Poderosa,” author Jannese Torres discusses how she became the first woman in her family to graduate from college, … Read more
