Personal finance

JGI/Tom Grill | Tetra images | Getty Images At a recent campaign rally, President-elect Donald Trump promised new financial help for family caregivers. “I will support a tax credit for family caregivers who take care of a parent or a loved one,” Trump said during an October speech at New York’s Madison Square Garden. “It’s
0 Comments
The Free Application for Federal Student Aid for 2025-26 will be available for all students and contributors on or before Dec. 1, the Education Department says. Typically, students have access to the coming academic year’s form in October, but this year’s delayed release follows a “phased rollout” meant to address reported issues from the 2024-25
0 Comments
Chesnot | Getty Images Amid the latest bitcoin rally, crypto investors face a looming deadline that could impact future taxes — and they must take action before Jan. 1, 2025. The U.S. Department of the Treasury and IRS in July unveiled final tax reporting rules for digital asset brokers, with phased-in guidelines. Starting in 2026, brokers will
0 Comments
Maskot | Getty Images A bipartisan bill to change Social Security benefit rules for pensioners passed in the House of Representatives on Tuesday, with 327 lawmakers voting to support the measure. Now, the proposal heads to the Senate, where the chamber’s version of the bill has 62 co-sponsors, “surpassing the majority needed to pass the
0 Comments
97 | E+ | Getty Images As inflation has throttled back from pandemic-era highs, consumers have seen prices decline outright for many household items. This dynamic, known as deflation, generally doesn’t occur on a broad, sustained scale in the U.S. economy: With limited exceptions, businesses are generally loath to lower prices once they’ve increased, economists
0 Comments
Thomas Jefferson, 1848/1879. Artist George Peter Alexander Healy. Heritage Images | Hulton Fine Art Collection | Getty Images In “All The Presidents’ Money,” author Megan Gorman takes readers into a side of U.S. presidents that is often overlooked: how they managed their own money. Gorman writes about commanders in chief who were obsessively frugal, and
0 Comments
Aire Images | Moment | Getty Images Many Americans face a retirement savings shortfall. However, setting aside more money could get easier for some older workers in 2025. Enacted by Congress in 2022, the Secure Act 2.0 ushered in several retirement system improvements, including updates to 401(k) plans, required withdrawals, 529 college savings plans and
0 Comments
Momo Productions | Digitalvision | Getty Images While many investors have flocked to exchange-traded funds, they haven’t gained much ground with 401(k) plan participants. Exchange-traded funds, or ETFs, debuted in the early 1990s and have since captured about $10 trillion. Mutual funds hold about $20 trillion, but ETFs have chipped away at their dominance: ETFs
0 Comments
Jacob Wackerhausen | Istock | Getty Images Starting in 2025, certain heirs with inherited individual retirement accounts must take yearly required withdrawals or face a penalty. But some non-spousal beneficiaries should consider taking distributions sooner, depending on their situation, even if annual withdrawals aren’t required, financial experts explain.  “This is about multi-year tax planning” to
0 Comments
Twenty47studio | Moment | Getty Images Millions of Social Security beneficiaries will benefit from the 2.5% cost-of-living adjustment for 2025, set to take effect in January. With that increase, the maximum Social Security benefit for a worker retiring at full retirement age will jump to $4,018 per month, up from $3,822 per month this year,
0 Comments
Ivy League architecture at Princeton University. Loop Images | Getty Images At the nation’s top schools, including many in the Ivy League, acceptance rates hover near all-time lows. “College admissions only ever gets more competitive and there’s a lot of stress from families about the stakes and how to get in,” said Thomas Howell, the founder
0 Comments
Voters work on their ballot at a polling station at the Elena Bozeman Government Center in Arlington, Virginia, on September 20, 2024. – | Afp | Getty Images Many investors worry about how the outcome of the presidential election will impact their investments. But there’s another risk financial advisors are focused on — public debt,
0 Comments