Personal finance

skynesher | E+ | Getty Images A lawyer may be your first call when you decide you want a divorce, but a financial advisor should be your second. In many cases, a divorce has more impact on a person’s current and future financial well-being than any other event in their lives. Sound financial planning may

Corn muffin mix is stocked and on display for Thanksgiving dinner items at a Pete’s Fresh Market Tuesday, Nov. 2, 2021, in Glen Ellyn, Illinois. John J. Kim | Chicago Tribune | Tribune News Service | Getty Images There’s going to be an extra guest at Thanksgiving dinner this year, making it more expensive than

FatCamera | E+ | Getty Images If you’re using Medicare and haven’t yet reviewed your prescription drug coverage for next year, now’s the time to do it. Because plans make changes every year that take effect Jan. 1, evaluating your options during Medicare’s fall open enrollment could save you from financial strife. While you aren’t

Laura Howden / 500px | 500px | Getty Images The travel industry might get a much-wished-for gift this holiday season, if the latest predictions about year-end travel turn out to be true. Pandemic-weary Americans seem to be ready to take trips for Thanksgiving, Christmas, New Year’s and other winter celebrations, several studies have found. AAA

Across the nation, Americans are experiencing sticker shock — just in time for holiday shopping. Consumer prices are surging, with October seeing a 6.2% jump from last year, the most since December 1990, according to the Labor Department. People are paying more for furniture and cars, as well as in the grocery store. Meats, poultry

Antoine Walker, former professional NBA player Shareif Ziyadat | Getty Images In 2008, at the end of his 13-year basketball career, Antoine Walker had amassed $108 million. Two years later, he had nothing. “I came into the league at 19 years old,” he said. “I came from humble beginnings, so I was not used to

If Black Friday — the biggest shopping day of the year — is no longer the day after Thanksgiving, is it still considered Black Friday? This year, instead of one-day doorbuster deals, the discounts are rolling out well before Thanksgiving week, spurred by a number of challenges, including supply chain setbacks and a labor crunch. These

Morsa Images | DigitalVision | Getty Images The standard premium for Medicare’s outpatient care coverage will jump by 14.5% for 2022, far outpacing an earlier estimate of 6.7%, according to the government. The standard premium for Part B, which covers outpatient care and durable equipment, will be $170.10 next year, up $21.60 from $148.50 this

A customer selects goods at a supermarket in New York, the United States, Aug. 11, 2021. Wang Ying | Xinhua News Agency | Getty Images As inflation surges, the IRS has boosted federal income tax brackets for 2022, standard deductions, 401(k) contribution limits and more. But other provisions remain unchanged, leading to higher tax bills

ronnachaipark | iStock | Getty Images You’re not imagining the growing pinch to your budget from the cost of your workplace health insurance. Over the last decade, family premiums for employer-sponsored coverage have jumped 47%, according to a report from the Kaiser Family Foundation. That rate outpaces both wage growth (31%) and inflation (23%) over

An Everest College location in Woodbridge, Virginia. SIPA | AP Cerena Jones served in the U.S. Air Force from 2000 to 2005, and not long after used her G.I. Bill to attend Everest College in Dallas. Getting her associate’s degree in business administration, she hoped, would be the beginning of a long career. She soon

d3sign | Moment | Getty Images American consumers are already suffering sticker shock from prices on grocery store shelves and at the gas pump. Now, data for October shows inflation was even higher last month than some experts had projected. The Consumer Price Index, which measures the average change in prices over time, climbed 6.2%

Phynart Studio | E+ | Getty Images For military veterans, turning 65 can come with a health-care decision: Whether to sign up for Medicare. Those who use Tricare and plan to enroll in Tricare for Life — an insurance program administered by the Defense Department — generally have no choice: The latter is only available

For Washington Wizards professional basketball player Spencer Dinwiddie, investing in cryptocurrency is a layup. “I look at it as the birth of a new asset class,” Dinwiddie told CNBC’s Kelly Evans during Wednesday’s Your Money event. “How many times in history does that happen?” He went on to say that cryptocurrencies are a place where

A Social Security Administration office in San Francisco. Getty Images If you plan properly, you may be able to boost your Social Security retirement benefits. And newly redesigned benefit statements from the Social Security Administration may help you do exactly that. That goes for workers of all ages who contribute to the program — from

During the Covid pandemic, home prices have shot up nearly nationwide while household income fell. As a result, homeownership became out of reach for many would-be buyers. However, affordability was a growing problem well before 2020 and the start of the pandemic. In the last decade, the median home price rose roughly 30% and incomes

Douglas Sacha | Moment | Getty Images Thousands of Americans living abroad received stimulus checks during the Covid-19 pandemic, according to federal data. While that may sound incongruous with the notion of “stimulus” for the U.S. economy, lawmakers generally had a sound rationale for sending funds overseas, according to tax policy experts. “They are casting

skynesher | E+ | Getty Images It’s no secret that there is a gender pay gap in the U.S. Women earned just 84% of what men made in 2020, according to the Pew Research Center. Consequently, it would take female workers an extra 42 days to make the same income men did that year. Now,

MoMo Productions | DigitalVision | Getty Images Scammers are using the child tax credit to try to steal from unsuspecting Americans, according to the Federal Trade Commission. Often, these criminals perpetuate a type of “government impersonator” scam. They contact people by phone, text, e-mail and social media, pretending to be IRS agents and directing victims

sturti | E+ | Getty Images If you hope to land a new job, you’ll want to make sure your resume catches the eyes of recruiters. The first thing you should do is shift your mindset, said certified professional career coach Matt Glodz, founder of Chicago-based executive resume writing firm Resume Pilots. “Stop thinking so