Millennials are leading the exodus from capital cities to regional areas, continuing a trend that began during COVID-19 pandemic restrictions and which has been fuelled by high housing and living costs. But people fleeing the fetid air of the dusty, dirty city are not going far, overflowing to nearby regions that make up the five … Read more
If you’re a higher earner and looking to boost tax-free retirement savings, there’s a lesser-known strategy that could be worth considering. While Roth individual retirement accounts offer tax-free growth and other benefits, some investors earn too much for direct contributions. For 2024, the adjusted gross income limits for Roth IRA contributions are $161,000 for single filers … Read more
Martin Barraud | Ojo Images | Getty Images Many Americans are likely familiar with financial thresholds that are adjusted for inflation each year. They include contribution limits to 401(k) plans, cost-of-living adjustments for Social Security benefits and federal income tax brackets, to name a few. These tweaks help households keep pace with the rising cost … Read more
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Companies are increasing access to new blockbuster weight-loss drugs for employees, but size of employer may make a big difference in early access. Small businesses and their workers are often stuck … Read more
IRS Commissioner Danny Werfel testifies before the House Appropriations Committee on May 07, 2024 in Washington, DC. Kevin Dietsch | Getty Images The IRS will expand Direct File, its free tax filing program, nationwide starting in 2025, the agency and the U.S. Department of the Treasury announced on Thursday. “After a successful pilot, we are … Read more
Pixelseffect | E+ | Getty Images The pace of hiring remains strong for lower-earning Americans, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned slightly, according to new data from Vanguard. The hires rate for the bottom third of workers by income (who earn less than $55,000 a year) … Read more
Move over family travelers. Gen Zs are set to make the biggest splash this summer, with surveys showing they are upping their vacation plans and spending more than older travelers. No longer satisfied with road trips to their parents’ homes, Gens Z are planning international trips at higher rates than other generations, according to a … Read more
Alessandro Biascioli | Istock | Getty Images When it comes to claiming Social Security retirement benefits, experts agree it’s generally best to delay. Yet many people still claim early — either at the earliest possible age of 62 or before their full retirement age. Those early claims result in reduced Social Security benefits for life. … Read more
We all know the cost-of-living is high and inflation is on the rise, but this story just takes the cake, pardon the pun. One Australian diner had expressed his shock on social media after he was charged an extra $1 to have his muffin heated at a Melbourne café earlier this week. The saga all … Read more
A banking code of conduct is needed to make sure Australians living in rural communities can still access to cash amid a flurry of bank branch closures in country towns, a new Senate report claims. The report released on Friday by the Senate inquiry investigating bank closures in regional Australia recommended the Australian Government “urgently … Read more
