Fg Trade | E+ | Getty Images Gen Xers are starting to reach age milestones that give them penalty-free access to certain retirement funds. The eldest members of that generation will be turning 59 this year. And once they reach a certain milestone — age 59½ — they can withdraw money from their individual retirement … Read more
Republican presidential nominee and former U.S. President Donald Trump applauds on Day 2 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 16, 2024. Elizabeth Frantz | Reuters As former President Donald Trump secures the Republican presidential nomination, both political parties are eyeing Project 2025, a multi-pronged policy plan … Read more
Nadya Lukic | E+ | Getty Images Most Americans may not even remember the last time they wrote a check. Only 15% of adults said they wrote a few checks a month in 2023, according to a recent report by GoBankingRates. At the time of the late November survey, 46% of the more than 1,000 … Read more
Taylor Swift performs at Friends Arena on May 17, 2024 in Stockholm, Sweden. Michael Campanella/tas24 | Getty Images Entertainment | Getty Images Pop singer-songwriter and cultural phenomenon, Taylor Swift, is one of the most in-demand acts today, with the iconic Eras Tour the first to cross the $1 billion threshold. There are so many impactful … Read more
The first presidential debate between U.S. President Joe Biden and former U.S. President and Republican presidential candidate Donald Trump is projected on a screen projector during a watch party hosted by the Michigan Conservative Coalition in Novi, Michigan, U.S., June 27, 2024. Emily Elconin | Reuters With interest rate cuts from the Federal Reserve likely … Read more
Trump’s pick for Vice President, U.S. Sen. J.D. Vance (R-OH) arrives on the first day of the Republican National Convention at the Fiserv Forum on July 15, 2024 in Milwaukee, Wisconsin. Joe Raedle | Getty Images The clock is ticking to fix Social Security’s funds. The next White House administration may have a powerful role … Read more
Ramon Montiel-García, 18, a graduate of KIPP Northeast Denver Leadership Academy in Colorado. Credit: Ramon Montiel-García Ramon Montiel-García, a newly minted high school graduate from KIPP Northeast Denver Leadership Academy in Colorado, was accepted to his first-choice school, Wheaton College in Massachusetts. However, with a sticker price of nearly $80,000 per year, including tuition, fees, and … Read more
Internal Revenue Service Commissioner Danny Werfel testifies before the House Appropriations Committee on Capitol Hill in Washington, May 7, 2024. Kevin Dietsch | Getty Images News | Getty Images The U.S. Department of the Treasury and the IRS on Thursday announced what they called a “major milestone” of collecting more than $1 billion in tax … Read more
Inflation is slowing down, but prices are still high — and likely to stay that way. That’s generally considered good news. The economy is expanding amid a lower rate of price growth and a strong job market. However, even a broad pullback in price increases underscores another bitter reality: We’re still paying more for many goods and … Read more
Grace Cary | Moment | Getty Images Whether you’re mid-career or nearing retirement, it’s important to know where you’re investing — and how those accounts could impact future taxes, experts say. Many workers are heavily concentrated in tax-deferred savings via a pretax 401(k) plan or traditional individual retirement accounts, which incur regular income taxes on … Read more
