US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images ‘I plan on dying with student loan debt’ “I think this is a great idea. I am 52 years old with a lot of student … Read more
Phoenix Wang | Moment | Getty Images A new Social Security trustees report released on Monday provides a modest bright spot for the program. The program’s combined funds are now projected to run out in 2035 — one year later than was previously anticipated. At that time, 83% of benefits will be payable, unless Congress … Read more
As tax time fast approaches, the three big ticket items in the ATO’s sights have been revealed. The Australian Taxation Office (ATO) this week announced it would be cracking down on taxpayers who incorrectly claimed work-related expenses, inflated claims for rental properties and failed to include all income when lodging. These are among the most … Read more
Young people are seen on the Emory University campus in Atlanta, Georgia on October 14, 2022. Elijah Nouvelage | AFP | Getty Images The youngest generation of American workers is prepared to move away from states that pass abortion bans and to turn down job offers in states where bans are already in place, a … Read more
People leave a Social Security Administration building in Burbank, California. Valerie Macon | Afp | Getty Images The trust funds the Social Security Administration relies on to pay benefits are now projected to run out in 2035, one year later than previously projected, according to the annual trustees’ report released on Monday. At the projected … Read more
Laylabird | E+ | Getty Images Inherited individual retirement accounts can be a financial boost for heirs, but the windfall can trigger tax issues, experts say. Withdrawals from pre-tax inherited IRAs incur regular income taxes. Since 2020, certain heirs can no longer “stretch” retirement account distributions over their lifetime to reduce yearly taxes. Now, certain … Read more
Australia’s largest telecommunications company has announced it will be delaying planned 3G network closure dates by two months amid concerns over access to emergency calls. Telstra announced the network closure will be delayed from June 30, 2024 to August 31, 2024, with the company advising the extension was to “give people more time to upgrade … Read more
Rebekah Alstede Modery, left, and Sarah Alstede, sisters and co-owners of Alstede Farms in Chester, New Jersey. Courtesy: Alstede Farms Sisters Rebekah Alstede Modery and Sarah Alstede were raised on a New Jersey farm. This year, they decided to spend their careers there, too. Rebekah graduated in 2023 with a double major in agricultural business … Read more
Customers at a major Australian bank will be stopped from withdrawing and depositing cash and cheques from branches this month, as it shifts towards “completely digital” payments. Macquarie Bank last year announced it would phase out its cash and cheque payments for customers from this year, citing a shift in customers’ banking habits. From May … Read more
Android users are being warned of a new type of malware connected to the Chrome internet browsing app, which has the potential to take control of users’ phones and potentially access banking information. The new malware, named Brokewell, reportedly disguises itself as an update for Chrome. Once downloaded, it can allow cybercriminals to access sensitive … Read more
