Advisors

Catherine Mcqueen | Moment | Getty Images It’s easy to transfer cash when a charity pulls at your heartstrings. But other giving strategies may provide a bigger tax break, financial experts say. Despite economic uncertainty, nearly 70% of Americans plan to donate a similar amount to charity in 2022 as last year, according to a

Srdjanpav | E+ | Getty Images The tax-extension deadline is approaching on Oct. 17, and a record 19 million Americans filed for more time to manage their 2021 returns, according to the IRS.  While unpaid tax balances for 2021 have racked up late payment penalties since April 18, filers with tax debt may have more

Shapecharge | E+ | Getty Images If you’re a higher-income Medicare beneficiary, you may be paying less in extra premium charges in 2023 than you were this year. So-called income-related adjustment amounts, or IRMAAs, which are based on your tax return from two years earlier, kick in next year at $97,000 for single tax filers

Source: Getty Images Retirement is a major goal many workers keep their eye on throughout their career. However, once people actually reach retirement age, they are often in store for some financial surprises — despite decades of preparation. For today’s retirees, that is compounded by new uncertainties brought by on by historically high inflation and

Leopatrizi | E+ | Getty Images As part of President Joe Biden’s historic student loan forgiveness plan, up to 8 million people could get automatic debt relief, according to the White House. Across the board, most people with federal student debt will be eligible for some forgiveness: up to $10,000 if they didn’t receive a Pell Grant,

Ridofranz | Istock | Getty Images It’s been a nerve-wracking year for investors. With ongoing stock market volatility, high inflation and interest rate hikes, many wonder if we’re heading for a prolonged economic downturn.   “I think we have to be defensive,” said certified financial planner Ivory Johnson, founder of Delancey Wealth Management in Washington, D.C.

Avalon_studio | E+ | Getty Images HUNTINGTON BEACH, Calif. — There are four big trends impacting the economy and stock market right now, and uncertainty around each is creating challenges for investors, market experts and investment strategists said Monday at the Future Proof wealth conference. Those high-levels trends are inflation, the Federal Reserve’s interest-rate policy,

Daniel Trush was just 12 years old when a brain aneurysm rupture changed the course of his entire life. “I went into a coma, and I was in a coma for 30 days — and I was in the hospital and rehab for a total of 341 days,” said Daniel, who is now 38 and

london, uk Peter Muller | Image Source | Getty Images Few things cause more financial distress and anxiety than a large slug of high-interest rate credit card debt. Millions of Americans of all income levels carry large balances on credit cards that charge very high interest rates. According to Federal Reserve data, the average annual

Morsa Images | E+ | Getty Images Many investors worry a recession is coming amid rising interest rates, high inflation and stock market volatility. But the majority haven’t changed their portfolios, according to research from Fidelity Investments. Only 5% of 401(k) and 403(b) investors shifted asset allocations during the second quarter of 2022, the report

Stan Horwitz and his family didn’t have any plans regarding long-term care until there was a crisis. His father, Martin, was in his late 80s and lived alone. He was reluctant to accept any assistance from his children. One day, Stan and his sister found their dad unconscious in his living room after a fall.

Sometimes a life raft can look a lot like a credit card. In an economy that has produced the highest inflation rate since the early 1980s, Americans are struggling to keep up with day-to-day expenses and are increasingly relying on credit cards to stay afloat. Amid a dramatic rise in the cost of living, credit card balances jumped 13% in

A decision from the White House on federal student loan forgiveness could be just days away. Yet current high school students will still struggle with how to pay for college without taking on too much debt. With tuition on the rise, most families rely on a combination of resources to make it work. Income and

The expansion of renewables comes at a time when concerns about the speed of the planet’s shift away from fossil fuels have been heightened following Russia’s invasion of Ukraine. Imaginima | E+ | Getty Images There’s been a surge of interest in green energy funds as President Joe Biden prepares to sign a bill allocating

Because of astronomical costs of care and support — often more than $100,000 per year — most individuals with disabilities will need government assistance such as Supplemental Security Income and Medicaid. However, they must shelter their assets carefully to not be disqualified from these programs. That’s where special needs trusts and ABLE accounts come in.

Geber86 | E+ | Getty Images Investors have obviously taken a beating so far in 2022. Technology stocks, cryptocurrencies and nearly everything else that shot up during the free money, zero-interest-rate era has cratered, while other market segments haven’t fared much better. This, of course, isn’t the first time in the recent past that equities

Connie Gores was in her mid-50s, with one daughter in college and another newly graduated, when she became keenly focused on preparing for retirement.  Gores, who worked in higher education and was a college president, met with a financial advisor set up by her former employer during the financial crisis of 2008. “The conversation changed

Yacobchuk | Istock | Getty Images What is retirement? When does it start? And how has Covid-19 affected Americans’ retirement plans? An ongoing survey of U.S. retirees and near-retirees suggests there’s a wide range of opinions on these fundamental questions and a rapidly changing perspective on what retirement will look like in the future. Last

Yellow Dog Productions | The Image Bank | Getty Images Investors discouraged by a bond market where yields are savaged by inflation may find relief in what, for many, is an unfamiliar fixed-income vehicle: closed-end municipal bond funds. These funds, less common than the open-ended variety, are offered by large financial services companies. Some are

In this article NFLX RDFN Holger Scheibe | The Image Bank | Getty Images While “Hiring Now” signs dot storefronts and highways across America, the job market may be starting to cool. The Federal Reserve’s decision to bring down inflation by raising interest rates has some projecting a slowing economy — and slower sales —