Keyword "Personal saving" - List of latest news (786 results)

21:37 Consumers are already making financial changes in response to tariffs. Here's what experts say to prioritize

As tariffs loom, Americans brace for more financial uncertainty. Experts say they would be wise to bulk up their emergency savings now.

20:25 Trump says 'there is a chance' tariff revenue could replace the income tax. Economists are skeptical

President Donald Trump said "there is a chance" that tariff revenue could replace the federal income tax. Here's what economists say.

21/04 Here’s where retirement savers are flocking as Trump’s policy uncertainty shakes up stocks

While retail investors have been buyers of rocky equity markets, retirement savers have been heading for safety, according to data from Alight.

21/04 The 'magic number' to retire comfortably fell to $1.26 million — but people are less confident they can reach it

Due to market volatility, inflation and future uncertainty, many retirement savers are adjusting their expectations.

20/04 Nearing retirement? These strategies can protect your savings from tariff volatility

If you're nearing retirement, these investing strategies can protect your portfolio from tariff volatility, experts say. Here's what to know.

19/04 Experts see higher stagflation risks. Here's what it means for your money

Stagflation — a mix of slow economic growth, high inflation and high unemployment — which hit the U.S. in the 1970s, could make a comeback, economists say.

17/04 IRS' free tax filing program is at risk amid Trump scrutiny

The IRS free tax filing program is at risk amid scrutiny from the Trump administration. Here's what taxpayers need to know.

16/04 As national average credit score falls, student loan delinquencies are key factor

The national average credit score fell, driven by missed student loan payments, according to FICO.

14/04 There's another surprise tax deadline on April 15. Here's how to avoid penalties, experts say

The first-quarter estimated tax deadline for 2025 is April 15, which is also the federal tax due date for most filers. Here's how to avoid penalties.

14/04 How a trade war could impact the price of clothing: 'Ultimately no one wins,' expert says

Few consumer goods are immune from the effects of new tariffs on imported goods, but apparel may be among the hardest hit.

11/04 Can't pay your taxes by April 15? You have options, IRS says

You have options if you can't pay your taxes by April 15, according to the IRS. Here's what taxpayers need to know.

11/04 Is now a good time to buy gold? Here’s what you need to know

Experts recommend getting investment exposure to gold through an exchange-traded fund. However, demand for gold bars, coins and even gold jewelry, is also up.

10/04 What advisors are telling their clients after the latest bond market sell-off

As investors digest the latest bond market sell-off, advisors have tips about portfolio allocation amid continued market volatility.

10/04 Social Security cost-of-living adjustment projected to be lower in 2026, estimates find. But tariffs may change that

New government inflation data points to a lower Social Security cost-of-living adjustment for 2026 compared to the 2.5% increase beneficiaries saw in 2025.

09/04 Social Security Administration updates information on new anti-fraud measures for benefit claims

The Social Security Administration on Monday will put new policies into effect aimed at preventing fraud for benefit claims. Here's what applicants can expect.

09/04 See if you qualify for the $1,400 IRS stimulus check before the deadline

There's still time to claim the $1,400 IRS stimulus check by April 15. Here's how to check on the status of your payment.

08/04 This tax strategy is a 'silver lining' amid tariff volatility, advisor says. Here's how to use it

Amid tariff volatility, investors could leverage tax-loss harvesting, which uses losses to offset other portfolio gains. Here's what to know about the strategy.

08/04 Taking one personal finance class in high school has a lifetime benefit of roughly $100,000

Taking a financial education class in high school pays off, many studies show.

07/04 Selling out during the market's worst days can hurt you, research shows — here's how much you could lose

Amid an ongoing market selloff, some investors may be tempted to cash out in a flight to safety. Yet research shows they'll likely regret it.

07/04 Don't miss these tax strategies during the tariff sell-off, experts say

The latest stock market sell-off could offer tax planning strategies, experts say. Here's what to know.

07/04 'Shop around' for best CD rates — but don't panic buy as stocks plunge, advisor says

Investors may get a better interest rate on certificates of deposit at banks by choosing a long-term CD and paying a withdrawal penalty.

04/04 As tariff sell-off deepens, here's what to know before trying to 'buy the dip,' experts say

As the tariff sell-off deepens, some investors may be eager to "buy the dip." Here's what to know about the strategy, according to financial advisors.

04/04 As recession risk jumps, top financial pros share their best advice to clients

Experts say even when the market nosedives, investors should "focus on fundamentals" and "block out noise."

04/04 As college costs soar, top schools roll out more generous aid packages

More generous financial aid awards and tuition-free policies remove the most significant barrier to higher education.

04/04 'You're running out of time' to claim an IRS stimulus check, tax expert says

The last chance to claim your IRS stimulus check is April 15. Here's how to collect your payment.

03/04 Amid tariff turmoil, 'timing the market doesn’t work — it’s time in the market,' expert says

Amid extreme market turmoil, there are some moves you can make to regain financial control, according to Jean Chatzky, founder and CEO of HerMoney.

03/04 Here's how to file for a free tax extension in minutes if you can't make the April 15 deadline

You can file for a free tax extension in minutes if you can't make the April 15 deadline. Here's what taxpayers need to know.

02/04 The 60/40 portfolio 'may no longer fully represent true diversification,' BlackRock CEO Larry Fink says

When it comes to investing, a 50/30/20 allocation to stocks, bonds and private assets may become the "future standard portfolio," BlackRock's Larry Fink says.

01/04 The federal government is phasing out paper checks. Here's who will be affected

By the fall, all federal departments and agencies will phase out the use of paper checks and switch to electronic payments, according to the White House.

01/04 How military spouses can manage entrepreneurship while building retirement security

Establishing a business is a time-consuming undertaking, but entrepreneurs shouldn't put their retirement security on the backburner.

31/03 Military families are 'making a mistake' if they skip this tax-free retirement account, advisor says

Members of the U.S. armed forces qualify for special tax breaks, which can offer unique financial planning opportunities, experts say. Here's what to know.

30/03 Homeownership is ‘an investment,’ Maryland governor says. High prices mean fewer young adults can benefit

Since 1980, median home prices have increased much faster than median household incomes, research finds. For some, that is putting home ownership out of reach.

29/03 These big inherited IRA mistakes can shrink your windfall — here's how to avoid them

If you've inherited an individual retirement account, costly mistakes could shrink your balance. Here's how to preserve your windfall, according to experts.

27/03 Social Security Administration delays timeline for new identity proofing policies following complaints

The Social Security Administration is revising new identity proofing policy changes following complaints from customers, Congress, advocates and others.

25/03 How the bucketing strategy protects retiree portfolios during a market downturn, experts say

The bucketing strategy can help protect your retirement portfolio during a stock market downturn, experts say. Here's what investors need to know.

25/03 50% of parents financially support adult children, report finds. Here's how much it costs them

For the first time, the share of parents who financially support grown children hit 50%.

25/03 Equal Pay Day highlights stalled pay gap progress: 'Women are never, ever going to catch up,' researcher says

Equal Pay Day, which this year falls on March 25, is a reminder of the persistent income inequality between men and women, also known as the gender pay gap.

24/03 This inherited IRA rule change for 2025 could trigger a 25% tax penalty

There's an inherited IRA rule change for 2025 that could trigger a 25% tax penalty for certain heirs. Here's what investors need to know.

22/03 Are designer handbags an actual investment? Here’s how returns stack up

As far as investments go, only a few luxury handbags gain, rather than lose, value over time. Framing a bag as an investment does women a disservice, pros say.

20/03 U.S. households are running out of emergency funds as pandemic cash runs out, inflation takes its toll

The latest survey from the New York Federal Reserve shows just 62.7% of Americans can come up with $2,000 for an emergency.

18/03 There can be a 'survivor's penalty' after a spouse dies — here’s how to avoid it

After your spouse dies, you could face a surprise higher tax bill, financial experts say. But it's possible to prepare with advanced planning.

14/03 Don’t hide cash at home — here’s what you’re risking and what to do instead, experts say

While keeping your money in a secret spot at home can feel safe, it's often not the case. Here's what to know.

14/03 This retirement account is an ‘IOU to the IRS’ — but here’s when it makes sense, expert says

Your pre-tax IRA is subject to future income taxes, depending on your bracket. But it could offer planning opportunities, experts say.

14/03 Federal Reserve is likely to hold interest rates steady next week. But some consumer loans are getting cheaper.

Although inflation receded last month, an escalating trade war threatens to cause prices to rise on a wide range of consumer goods going forward.

13/03 As Social Security faces an uncertain future, some question whether the program should be privatized

New leadership in Washington has prompted questions about Social Security's future. Some experts say privatizing the program could be the answer.

12/03 The state and local tax deduction could change amid Trump's tax cuts debate. Here's what to know

The state and local tax deduction could change in 2025 as lawmakers debate Trump's tax cuts. Here's what to know.

11/03 'Volatility is part of the game': What financial advisors are telling investors about market turmoil

The Dow continued to fall on Tuesday after Trump announced higher tariffs. Here's what advisors are telling their clients.

11/03 'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn

Democrats says "wealthy tax dodgers" could see less IRS scrutiny amid agency layoffs. Here's what to know.

11/03 Consumer outlook sinks as recession fears take hold

Consumers are growing increasingly pessimistic about their financial future as a wave of economic uncertainty takes hold.

10/03 Rules for repaying Social Security benefits are about to get stricter. Here's what to know

Social Security beneficiaries who receive more money than they are owed will now face a 100% default withholding rate from their monthly checks, the agency said.

08/03 These accounts can be the 'worst possible asset’ for retirement, expert says. Here's why

Many investors don't plan for future taxes when contributing to traditional IRAs. Here are the key things to know.

07/03 This retirement strategy is a 'game changer' for single-income, married couples, advisor says

If you're a single-income, married couple, you could use a spousal IRA to save more for retirement. Here's what to know.

05/03 The U.S. is appointing an 'affordability czar' — here’s what that means for you

As the federal government vows to to tackle rising prices, there are key steps consumers can take to bring monthly costs down.

03/03 Tax breaks, child care and free college: How a Kansas town is enticing people to move there

Incentive programs are gaining steam as residents from major cities across the U.S. increasingly migrate to areas where housing costs are less severe.

03/03 As Social Security plans to cut about 7,000 workers, some experts worry that may affect benefits

The Social Security Administration has announced new efforts to bring down costs. Plans to cut staff have prompted concerns from some experts.

03/03 Treasury Department suspends enforcement of ownership information reporting for millions of businesses

The Treasury Department has halted enforcement of beneficial ownership information, or BOI, reporting for millions of businesses.

28/02 As the price of bitcoin falls, you can leverage this tax 'loophole,' experts say

With the price of bitcoin down from a record high in January, there could be opportunities for a tax break, experts say.

27/02 1 in 5 Americans are 'doom spending' — here's how that can backfire

"Doom spending," or spending money despite economic and geopolitical worries, is an increasingly common way to cope with stress.

26/02 Agency speeds up Social Security Fairness Act timeline, with lump sums, benefit increases for millions of people

The agency had previously said it could take "more than one year" to process benefit changes following the passage of the Social Security Fairness Act.

25/02 The average IRS tax refund is more than 32% lower this season, early filing data shows. Here's why

The average IRS tax refund is more than 32% lower this season, according to early filing data. Here's what to know.

24/02 This tax break for lower-income retirement savers is a 'well-kept secret,' expert says

The retirement savings contributions credit, or saver's credit, can help offset funds added to retirement accounts. But most taxpayers don't claim it.

21/02 Don't wait to file your taxes this season, experts say. Here's why

Nearly one-third of Americans procrastinate filing their taxes. But here's why you shouldn't wait this season, experts say.

21/02 Here's how IRS layoffs could impact your tax filing and refund this season

Thousands of IRS employees are expected to lose their jobs as Elon Musk's Department of Government Efficiency, or DOGE, continues cuts to federal spending. 

21/02 With tariffs ramping up, this investment option can provide protect against inflation

The threat of tariffs on imports is causing some investors to consider increasing their exposure to TIPS to help buffer their portfolios against inflation.

19/02 Converting your home to a rental could trigger a 'tax bomb' when you sell, advisor says

Converting your home to a rental could increase your taxes when you eventually sell the property. Here's what to know.

18/02 This lesser-known tax strategy could help to reduce capital gains on your home sale

Selling your home can trigger capital gains taxes, but there are ways to reduce or eliminate your bill, experts say. Here's what to know.

18/02 30% of Americans increased their emergency savings in 2024. That's progress, expert says

Inflation and high interest rates are still taking a toll, but more Americans are able to set money aside in an emergency fund, according to a recent report.

18/02 Trump's plan to eliminate income taxes on Social Security benefits would help high-income households, report finds

President Donald Trump plans to fulfill his campaign promise to end taxes on Social Security benefit income. A new report finds that will benefit high earners.

15/02 These red flags that can trigger an IRS tax audit are 'low hanging fruit,' expert says

Many filers worry about an IRS tax audit. Here are some of the top red flags, according to tax pros.

14/02 Here's the 'quick and dirty' way to withhold enough taxes from your paycheck, advisor says

If your tax bill or refund is bigger than expected, it may be time to adjust your paycheck withholding. Here's an easy way to do it.

14/02 You could see this tax form for the 'first time ever' this season, taxpayer advocate says

You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here's what taxpayers need to know.

13/02 Why benefit increases prompted by the Social Security Fairness Act may be difficult to implement

A new law will provide Social Security benefit increases for more than 3.2 million individuals. Yet it may take more than a year before some see the money.

13/02 Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says

Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.

11/02 Home office deduction: Here's who qualifies and how to claim it on your taxes

The home office deduction could provide a tax break on your 2024 return. Here's who qualifies and how to claim it.

10/02 A Roth IRA offers a 'longer runway for tax-free investing,' advisor says. Here's how to use it

Your Roth IRA offers more time for 'tax-free investing,' advisors says. Here's how to use it.

07/02 RFK Jr. had up to $1.2 million in credit card debt — what experts say about tackling high balances

Robert F. Kennedy, Jr.'s recent financial disclosures show a "massive" amount of credit card debt, according to experts.

07/02 The IRS has issued 3.2 million tax refunds this year. Here’s the average payment

The IRS has issued 3.2 million tax refunds in 2025, as of Jan. 31. Here's the average payment.

07/02 Trump wants to end a popular Wall Street tax break. What to know about the 'carried interest loophole'

President Donald Trump wants to end the carried interest loophole. Here's how the tax break benefits Wall Street investment managers.

06/02 Lower earners can see ‘five-figure refunds’ from these tax credits, expert says. Here’s who qualifies

The earned income tax credit and additional child tax credit are "refundable," meaning filers can claim a refund without tax liability. Here's who qualifies.

05/02 How Elon Musk's access to Treasury system may impact Social Security, other government payments

Elon Musk and his aides have been tasked with finding ways to reduce federal spending and increase government efficiency.

05/02 Why individual investors may want to rethink a 'set-it-and-forget-it' strategy in 2025

The S&P 500 index provided investors with record gains over the past two years. In 2025, that same approach may not reap the same gains.

05/02 'Where's my refund?' How to check the status of your federal tax refund

If you've filed your tax return and you're eager for your refund, here's how to check the status of your payment. Find out when to expect your refund.

05/02 Could Trump's tariffs replace the income tax? Here's what policy experts say

During the campaign, President Donald Trump floated an "all tariff policy" to replace the federal income tax. Here's what experts say about the idea.

04/02 Stockpiling ahead of higher tariffs is a big mistake, experts say

Experts weigh in on how the urge to hoard certain goods ahead of potentially higher prices can backfire.

03/02 Millennials reimagine retirement: 'The end game might not be ... sitting on my Adirondack chair'

More than one-third, or 37%, of Americans want a retirement that looks different from previous generations, a recent report finds.

03/02 Nearly 1 in 5 eligible taxpayers miss this 'valuable credit' worth thousands, IRS says

Nearly 1 in 5 eligible taxpayers miss the earned income tax credit, which was worth an average of $2,743 in 2023, according to the IRS.

31/01 Funflation: Concert ticket prices have soared, but music fans don't seem to care

Consumers have demonstrated a high tolerance for the increasing price tag of attending live events, also known as "funflation."

30/01 These child tax credit mistakes can halt your refund, experts say

It's easy to make child tax credit mistakes when filing your return. Here are common errors that could delay your refund.

29/01 This should be your 'last resort' to cover an emergency expense, financial advisor says

Using forms of credit to pay for emergencies should be a "last resort," one financial advisor says. Here's why.

29/01 The Federal Reserve holds interest rates steady: Here's what that means for your money

The Fed paused rate cuts after its first meeting of the year — here's what that means for your credit card, mortgage rate, auto loan and savings account.

29/01 Your tax return could be 'flagged for audit' without these key forms, experts say

The agency has “very sophisticated software” that compares information returns to what’s reported on your filing.

28/01 Over 3 million Social Security Fairness Act beneficiaries may wait more than a year for higher payments: agency

The Social Security Fairness Act will provide benefit increases to more than 3 million individuals. But it's uncertain when they will see that money.

28/01 Why you may be getting 'shortchanged' on certificate of deposit interest rates, researcher says

It's often a better deal for consumers to pick a long-term certificate of deposit and pay an early withdrawal penalty than buy a short-term CD, research shows.

28/01 Tax season has opened: Here are key things to know before you file your taxes

The 2025 tax season opened for individual filers on Jan. 27. Here are some key things to know before filing your return.

27/01 62% of couples keep at least some money separate from each other, survey finds. Here's what experts recommend

When it comes to money, couples face a big question: yours, mine or ours? Experts say there generally isn't a wrong answer — as long as you communicate.

27/01 Net worth of millennials has quadrupled: Why some call it 'phantom wealth'

Even as millennials became wealthier, inflation and instability have left many feeling financially insecure.

27/01 Here's how to get the 'fastest refund possible' as tax season opens, experts say

Tax season opens on Jan. 27. Here's how to get a faster tax refund this season, according to experts.

26/01 Social Security benefits increased by 2.5% in 2025. Why retirees may feel it's not enough

The Social Security cost-of-living adjustment for 2025 is the lowest since the post-Covid inflation spike. Yet retirees still face high prices.

25/01 If you’re nearing retirement, these 2025 changes could affect your finances. Here’s what to know

Starting in 2025, there’s a higher 401(k) plan catch-up contribution for workers ages 60 to 63.

24/01 The Federal Reserve is likely to hold interest rates steady next week. Here's what that means for your money

The Fed is unlikely to cut interest rates again when it meets next week, delaying any relief from high borrowing costs.

22/01 'We're in the era of the billionaire,' human rights expert says. Here's why wealth accumulation is accelerating

Last year alone, roughly 204 new billionaires were minted, bringing the total number of billionaires to 2,769, up from 2,565 in 2023.

22/01 There's a 'big change' for inherited IRAs in 2025, advisor says. Here's how to avoid a penalty

If you have an inherited IRA, there's a key change for 2025 that heirs need to know. Here's how to avoid a penalty.

22/01 Now is an 'ideal time' to reassess your retirement savings, expert says. These tips can help you get started

In 2025, retirement savers have a new opportunity to set aside money through their 401(k) plans and IRAs. Here's what experts say you should consider.

22/01 Investors may be able to file taxes for free this season. Here's who qualifies

This season, investors may have more options to file taxes for free. Here's who is eligible for the programs.

21/01 This free tax filing option is 'fast and simple,' IRS says. Here's who can use it

Roughly 70% of taxpayers are eligible for IRS Free File. Here's how to know if you qualify.

19/01 5 cities with the lowest 'barrier to homeownership' — where saving a 20% down payment takes less than 4 years

How long it takes you to save for a 20% down payment depends in part on where you live, according to a new report.

18/01 What to expect from travel prices in 2025 — and which destinations have the best vacation bargains

Travel abroad is poised to be cheaper than in 2024, experts said. Domestic travelers may not be as lucky.

17/01 IRS' free Direct File program expands to 25 states — but still faces Republican scrutiny

Direct File, the IRS’ free tax filing program, has expanded to 25 states for 2025. But the program's future remains uncertain amid Republican scrutiny.

16/01 California wildfire victims may receive a one-time $770 payment. Here's how to qualify

People affected by the California wildfires may qualify for immediate federal financial assistance to help pay for necessities.

16/01 Here's how the child tax credit could change in 2025

The increased child tax credit could expire after 2025 without action from Congress. Here's what families need to know.

16/01 'Will I receive an IRS stimulus check?' Answers to top questions on the $1,400 automatic payments

The IRS plans to send 1 million Americans stimulus payments of up to $1,400 this month. Here's who qualifies.

16/01 Year-end bonuses rise — but fewer workers are getting them, report finds

The average end-of-year bonus rose about 2% in 2024, according to an exclusive look at data from Gusto.

16/01 Mortgages, credit cards, auto loans: Expert predictions for interest rates in 2025

The Federal Reserve is expected to cut rates further in 2025, paving the way for slightly lower borrowing costs for consumers.

15/01 House Republicans push to extend Trump tax cuts amid Democratic pushback

House Republicans are pushing for extensions of the 2017 tax cuts enacted by President-elect Donald Trump. Here's what to know.

15/01 Worried about Social Security's future? Here's what experts say to consider before claiming benefits

A new law adds to Social Security's benefit costs at a time the program's funding is already running low. Here's what that means for retirement planning.

13/01 30 million people could qualify to use IRS free Direct File program — here's who is eligible

The IRS free Direct File program opens on Jan. 27 for taxpayers in 25 states. Here's who qualifies for the 2025 tax season.

13/01 New Social Security benefit legislation may worsen insolvency. Broad reform remains elusive, experts say

The Social Security Fairness Act was signed into law on Jan. 5 following years of lobbying efforts. Why policy experts are not happy about the change.

10/01 IRS announces the start of the 2025 tax season

The 2025 tax season will begin on Jan. 27 for individual taxpayers. Here are some options to file your 2024 taxes for free.

10/01 It's 'Dry January.' Here's how much you can save by not drinking for a month

Giving up alcohol for 31 days is associated with numerous health benefits. But for a growing number of adults, saving money is a top motivator.

09/01 How much money you should save for a comfortable retirement

There's no magic number for everyone. But a 15% target is a good guidepost for many people, experts said.

09/01 IRS: Missing final 2024 quarterly estimated tax payment could trigger 'unexpected penalties'

The fourth-quarter estimated tax payment for 2024 is Jan. 15. Here's how to avoid "unexpected penalties," according to the IRS.

09/01 Start 2025 with solid yields on cash at these banks

The uncertainty of the Federal Reserve's rate cut path has a silver lining: attractive yields on savings.

08/01 Taxpayer Advocate urges Congress to preserve IRS funding for service, technology

The National Taxpayer Advocate has urged Congress to preserve IRS funding for taxpayer service and technology amid Republican scrutiny.

08/01 New Social Security benefit increases for nearly 3 million Americans may trigger higher tax bill, Medicare premium costs

Nearly 3 million Americans are poised to see bigger Social Security benefit checks. For some, that could trigger bigger tax bills and Medicare premium payments.

07/01 Tax bracket changes could mean your paycheck is slightly bigger in 2025 — here's what to know

Your paycheck could be slightly bigger in 2025 due to IRS inflation adjustments to the federal income tax brackets. Here's what to know.

06/01 Social Security Fairness Act brings retirement changes for nearly 3 million public pensioners

More than 2.5 million Americans will receive a lump-sum payment of thousands of dollars to make up for the shortfall in benefits they should have received in 2024.

06/01 This 401(k) plan feature is a 'green light to contribute aggressively,' advisor says

If you're eager to max out your 401(k) early in 2025, you could miss part of your employer's matching contribution without the "true-up" feature.

05/01 Biden signs bill to increase Social Security benefits for millions of public workers

The Social Security Fairness Act repeals two provisions that reduced Social Security benefits for some public workers who also receive pensions.

05/01 How to maximize your 401(k) plan in 2025 with higher limits, bigger catch-up contributions

If you're eager to save more for retirement, you could be overlooking ways to maximize your 401(k) plan, including key changes for 2025. Here's what to know.

04/01 Here are big changes retirees can expect from Social Security and Medicare in 2025

Millions of beneficiaries can expect enhanced Social Security benefits and new limits to Medicare prescription drug costs in 2025.

03/01 It's time to boost 401(k) plan contributions for 2025 — here's how much more you can save

If you're feeling behind on retirement savings, you can make higher 401(k) plan deferrals and catch-up contributions for 2025. Here's what to know.

30/12 Assets in U.S. exchange-traded funds topped $10 trillion. Here are trends for investors to watch, experts say

As 2024 comes to a close, here are some ETF trends that dominated the year, based on the latest data.

30/12 Here's what should be on your financial to-do list for 2025, top advisors say

Many people will make financial resolutions for 2025. Here's some items financial advisors hope you will consider putting on your list for next year.

28/12 Here's how this DC-area high school is attempting to close the wealth gap

Over the course of three years, students take courses on saving money, building wealth and budgeting, setting them up to achieve economic mobility and success.

27/12 If interest rates remain 'higher for longer,' the winners are those with cash accounts

The Federal Reserve indicated a slower pace of interest rate cuts in 2025. Savers with high-yield savings and other cash-like accounts should benefit.

27/12 Credit card debt set to hit record levels as consumer holiday spending rises

Consumers are on track to set a spending record this holiday season. But leaning on credit cards could come at a high cost.

26/12 36% of Americans took on holiday debt this year — averaging $1,181 — survey finds. These tips can help

That average debt is up from $1,028 in 2023. However, that is still down from $1,549 in 2022, LendingTree found.

23/12 IRS to send 1 million taxpayers up to $1,400 in 'special payments.' How to know if you're eligible.

The payments will go to individuals who did not claim the 2021 Recovery Rebate Credit on their tax returns for that year and who are eligible for the money.

23/12 Bitcoin ETFs offer a 'traditional way to buy an untraditional asset,' advisor says. Here's what to know

Spot bitcoin exchange-traded funds surpassed $100 billion in assets under management in early December. Here's what to know before buying these ETFs.

20/12 Number of millennial 401(k) millionaires jumps 400%: Here's what it takes to reach seven-figure status

The number of millennials with more than $1 million in their 401(k)s has quadrupled from one year ago, according to the latest data from Fidelity Investments.

20/12 Investors are putting more into their 401(k)s — here's the average savings rate

The average 401(k) savings rate is trending higher, according to a new survey from Plan Sponsor Council of America. Here's how it compares to target benchmarks.

19/12 Senate expected to hold final vote on bill to change Social Security rules. Here's what leaders have said

As the Senate wraps up its final legislative days for the year, it is expected to vote on a bill affecting Social Security benefits for about 3 million people.

19/12 CFPB takes aim at ‘bait-and-switch’ credit card rewards — consumers forfeit about $500 million worth each year

When it comes to credit card rewards, cardholders often leave money on the table. Now the CFPB is taking a closer look at these programs.

18/12 Here's what to know before 'taking some risk off the table' with bitcoin profits, advisor says

The price of bitcoin sailed past $100,000 in early December and is up more than 130% year to date. Here's how to decide whether to rebalance.

18/12 The Federal Reserve cuts interest rates by another quarter point. Here's what that means for you

The central bank has now shaved a full percentage off its benchmark rate since September. Here's what it means for your borrowing costs.

17/12 A new 'super funding' limit for some 401(k) savers goes into effect in 2025. Here's how to take advantage

There's a higher 401(k) contribution limit for 2025. Here's why you should update your account now, financial experts say.

17/12 With the Fed poised to cut rates, 'there's an urgency to act now' to get best returns on cash, expert says

With the Federal Reserve poised to cut interest rates again, experts say cash savers would be wise to shop around now for the best yields.

16/12 There's still time to slash your 2024 tax bill with these last-minute moves

You still have time to lower your 2024 tax bill or boost your refund before January, according to financial advisors. Here's what investors need to know.

16/12 The ‘vibecession’ is over as optimism gains steam, reports show

U.S. households are feeling better about their financial standing than they have in a long time, new reports show.

15/12 Senate plans to vote on bill that would increase Social Security benefits for some pensioners

People who receive income from public pensions may have their Social Security benefits reduced. The Senate may soon vote to eliminate those rules.

13/12 You don’t need to be a ‘Silicon Valley entrepreneur' to be rich, financial advisor says. Here's how to retire a millionaire

Almost anyone can build a nest egg of $1 million or more, especially if they start saving early.

13/12 Federal Reserve is likely to cut interest rates next week. Here's what that means for you

The third interest rate cut in a row is on deck, which is welcome news for consumers struggling to keep up with sky-high interest charges.

11/12 IRS: There's a key deadline approaching for required minimum distributions

If you're age 73 or older and retired, the annual deadline for required minimum distributions, or RMDs, is approaching. Here's what investors need to know.

10/12 The Fed slashed interest rates, but some credit card APRs aren’t going down. Here’s why

For some retail credit cards, interest rates are still rising.

09/12 That Roth IRA conversion comes with a tax bill — here's how to pay for it

If you're eyeing a year-end Roth IRA conversion, you'll need to plan for the upfront tax bill. Here are some strategies to manage your taxes, experts say.

06/12 Number of 401(k) plan and IRA millionaires hits record, with more millennials joining the ranks

Retirement 401(k) plan account balances increased for the fourth straight quarter to reach the highest average on record, according to Fidelity.

06/12 Trump's nominee for IRS commissioner, former congressman Billy Long, receives mixed response from Washington, tax community

President-elect Donald Trump will nominate former Missouri congressman Billy Long for IRS commissioner, which has received a mixed response.

05/12 What are Social Security's trust funds? New debate emerges on program's financing

As Social Security's trust funds run low, one politician is questioning the way the program is financed.

04/12 You could score a tax break by gifting crypto to charity — but there may be some pitfalls

There's been a surge of crypto donations to charity. Here's what to know before transferring digital currency.

04/12 'Dynamic pricing' was a top contender for word of the year. Here's why it got consumers so worked up in 2024

Although dynamic pricing has been around for years, a spike in demand for concert tickets and limited supply brought the practice back into the spotlight.

04/12 Investors' crypto donations to charity skyrocket. Why it can be 'hugely beneficial,' expert says

There's soaring interest in donating crypto to charity, according to Fidelity Charitable. Here's how those donations can pay off at tax time.

03/12 Dollar stores are struggling to win over bargain hunters — here's why

Those results are a sharp turnabout for the dollar stores, which were once Wall Street darlings.

03/12 'Everyone wins except the IRS' with this legal charitable donation strategy, advisor says

If you're donating money on Giving Tuesday, you may score a bigger tax break by gifting profitable investments. Here's what to know.

02/12 Here are the last days to ship a holiday package with FedEx, UPS and USPS to ensure gifts arrive on time

Consumers are increasingly concerned that their online orders may not arrive in time for the holiday — and rightfully so.

29/11 Applying this '$1 rule' is the secret to guilt-free shopping, expert says. Here's how it works

By measuring purchases by how much you will use them, you can make sure you get the most bang for your buck.

27/11 56% of Americans say their parents never discussed money with them. How experts recommend getting the conversation started

The holiday season can be an opportunity to discuss estate planning with aging parents, experts say.

27/11 This charitable giving strategy 'almost always' provides the biggest tax break, advisor says

If you're retired and planning a year-end charitable gift, you can boost your tax break with a qualified charitable distribution, or QCD. Here's what to know.

27/11 Early retirement comes as a surprise for many workers, study finds. Here's how to manage that financial shock

Retiring early is the dream for many workers. But many individuals find themselves forced to call it quits because of health, career or family circumstances.

26/11 Here's how to maximize your tax breaks for charitable giving

If you're making a gift to charity on Giving Tuesday or over the holiday season, there are ways to maximize your tax break. Here's what to know before donating.

26/11 Black Friday is almost here but some sales aren't all they are cracked up to be: Here's what not to buy

Retailers hype Black Friday discounts, but these may not be the best prices of the year, experts say.

26/11 59% of Americans consider this the No. 1 sign of success — it's not wealth

About 59% of surveyed U.S. adults say the ability to spend money on things and activities that make them happy is the top sign of success, a report found.

25/11 Warren Buffett suggests all parents do one thing before they die, whether they have 'modest or staggering wealth'

Warren Buffett has advice for all parents, regardless of their wealth: Let your adult children read your will before you sign it.

25/11 'Do I have a trust fund?' Viral 'teenager texts' highlight how little some kids know about money

Chip Leighton's "teenager texts" on social media hilariously call out questions from kids to their parents, such as "do I need to tip the eye doctor?"

24/11 These key 401(k) plan changes are coming in 2025. Here’s what savers need to know.

Starting in 2025, key 401(k) plan changes enacted via Secure 2.0 could make it easier to save for retirement, experts say.

24/11 Millennials say they plan to spend big this holiday season — 'I see a lot of optimism,' expert says

Millennials plan to spend more than any other generation for the holidays, a new survey says. But using credit cards or payment plans may come at a high cost.

22/11 The must-have gift of the season may be a 'dupe'

Nearly 80% of shoppers said they would buy a dupe as a gift for their loved ones for the holidays, according to a recent report.

21/11 73% of workers worry Social Security won’t be able to pay retirement benefits. Here’s what advisors say

That includes 81% of working baby boomers and 82% of Gen Xers who are worried they may not receive their benefits at retirement age if Social Security funds are depleted.

21/11 Most employees don't leverage this 'triple-tax-free' account, advisor says. Here's how to use it

Most employees don't leverage the long-term tax benefits from their health savings account. Here's how to get triple-tax savings.

20/11 Social Security beneficiaries to soon receive notices revealing the size of their 2025 benefit checks

A 2.5% cost-of-living adjustment, Medicare Part B premiums and tax liabilities are key changes to watch for that affect 2025 Social Security benefits.

19/11 Here's why Trump's tax plans could be 'complicated' in 2025, policy experts say

President-elect Donald Trump's tax plans could be complicated as Congress debates competing priorities in 2025. Here's what to know.

19/11 The 2025-26 FAFSA is open ahead of schedule — here's why it's important to file for college aid early

The official launch of the 2025-26 FAFSA is on track for later this week, ahead of schedule, the Education Department said.

19/11 Number of older adults who lost $100,000 or more to fraud has tripled since 2020, FTC says

Consumers overall lost $10 billion to scams in 2023, a record high, according to the FTC.

19/11 89% of Americans say they do not consider themselves wealthy — here's what stands in the way

For many Americans, the definition of what it means to be well off is relatively modest. And yet, only one-tenth of Americans consider themselves wealthy today.

19/11 Some market experts are talking about 'animal spirits.' Here's what that means when it comes to investing

The markets soared following Election Day, prompting some experts to say "animal spirits" are back. Here's what that means for your portfolio.

18/11 Here's how to leverage the 0% capital gains bracket as the price of bitcoin surges

The price of bitcoin is surging. Here's how to leverage the 0% capital gains bracket to save on future taxes.

17/11 Are Black Friday deals worth waiting for? Here’s what to expect this year

Retailers tempt shoppers with incentives and discounts. But these are not necessarily the best prices of the year, according to shopping experts.

15/11 Here's why tax-loss harvesting can be easier with exchange-traded funds

If you're sitting on portfolio losses, you may consider tax-loss harvesting before year-end. Here's how to leverage exchange-traded funds with the strategy.

15/11 Older voters prioritized personal economic issues, helped Republicans win on Election Day, new AARP poll finds

More than half of voters ages 50 and up prioritized inflation, the economy and jobs, and Social Security when determining their vote, according to the AARP.

13/11 The House just voted 'yes' on a bill that would increase Social Security checks for some pensioners

Certain rules that reduce pensioners' Social Security benefits have been in place for decades. Some Washington lawmakers are voting to change that.

13/11 Credit card debt hits record $1.17 trillion, New York Fed research shows

Credit card balances rose in the third quarter of 2024, the Federal Reserve Bank of New York found.

13/11 There's a 'compressed timeline' to submit a FAFSA form this year — Here’s how to prepare

The 2025-26 FAFSA will be available to everyone on December 1, the Education Department said. Here's how to prepare.

12/11 28% of credit card users are still paying off last year's holiday debt. But that's an improvement

Americans tend to overspend during the holiday season. In fact, some shoppers are still paying off last year's purchases.

12/11 What investors need to consider when choosing a dividend-paying fund

When choosing between dividend-paying strategies, it's important to consider a fund's expenses and whether it fits your goals, experts say.

11/11 Big retirement rule changes are coming in 2025 — here's how you can save more money

Starting in 2025, older workers can save even more for retirement via 401(k) catch-up contributions. Here's what investors need to know.

11/11 Here are the best ways to save money this holiday season, experts say

With many Americans concerned about racking up more credit card debt over the holidays, experts weigh in on the best way to cut costs this season.

11/11 Here's what a new Trump administration could mean for your money, financial advisors say

It's best to take a wait-and-see approach before making any sudden moves in response to election results, financial advisors say.

10/11 Young adults in Puerto Rico are struggling financially. Here's what that means and why some return

More than half of adults ages 18 to 29 in Puerto Rico are financially fragile compared to older generations on the island, and young adults in the U.S.

09/11 You can work at McDonald's and still become a millionaire, a financial psychologist says

Adopting a "rich mindset" can help anyone boost their net worth, according to behavioral finance expert Brad Klontz.

08/11 Yields on cash are still 'well ahead of inflation,' expert says. Here's where to put your money now

Even with a new interest rate cut announced by the Federal Reserve, experts say investors can still expect competitive returns on cash.

06/11 Here's what a Trump presidency could mean for your taxes

Former President Donald Trump has defeated Vice President Kamala Harris to win the White House, which could broadly impact taxpayers. Here's what to know.

06/11 Trump promised no taxes on Social Security benefits. It's too soon to plan on that change, experts say

Even with Trump win and a Republican majority, plans to nix taxes on Social Security benefits may still face hurdles.

06/11 You could face the 'survivor's penalty' after a spouse dies — here's how to avoid it

Some retirees face a survivor's penalty on their taxes after a spouse dies. Here's how to prepare, advisors say.

05/11 Voters ages 50 and up may decide the 2024 presidential election based on 'day-to-day pocketbook issues,' expert says

Americans ages 50 and older are motivated to vote this election season. Here's what we know about who they support.

05/11 The next U.S. president could face a tax battle in 2025 — here's what it means for investors

The next U.S. president could face a tax battle in 2025 over expiring tax breaks enacted by former President Donald Trump. Here's what it means for investors.

05/11 What top financial advisors are telling investors about the market impact of the U.S. presidential election

Many investors worry the election may shake up their investments. Top financial advisors say it's best to take a long-term view on Election Day and beyond.

03/11 Should I pay off my mortgage in retirement? New book tackles big money questions

Retirement planning is filled with big questions. For some retirees, whether or not to pay off their mortgage is one of them.

01/11 IRS unveils Roth IRA income limits for 2025

The IRS unveiled the Roth individual retirement account income limits for 2025.

01/11 IRS announces 401(k) catch-up contributions for 2025

The IRS has announced the 401(k) catch-up contribution limits for 2025. Here’s what investors need to know.

01/11 IRS unveils IRA contribution limits for 2025

The IRS has announced IRA contribution limits for 2025. Here’s what investors need to know.

01/11 IRS announces 401(k) contribution limits for 2025

The IRS has announced higher 401(k) contribution limits for 2025. Here’s what savers need to know.

31/10 Halloween kicks off a season of home insurance risks. Here's what homeowners need to know

Holidays like Halloween can increase the likelihood of certain risks as more people visit your property. Here are three steps to cross off your list this holiday season.

31/10 Treasury Department announces new Series I bond rate of 3.11% for the next six months

The U.S. Department of the Treasury has announced new Series I bond rates through April 2025.

31/10 'Slow shopping' can save you money this holiday season. Here’s how it works

The trend toward making more mindful buying decisions can help you avoid impulse purchases and debt over the peak shopping season. 

30/10 'Inflation is like a regressive tax,' economist says — only one group can 'easily afford' holiday spending this year

If the thought of holiday spending makes you wince, you're not alone. Only one group can easily afford this year's costs, a report finds.

30/10 Inflation is cooling, yet many Americans are still living paycheck to paycheck

The rate of inflation has come down from pandemic era highs. But many Americans are still waiting to feel financial relief.

30/10 FAFSA rollout is 'on track,' despite remaining unresolved issues, Education Department says

The full launch of the 2025-26 FAFSA is on track for December 1 despite ongoing issues, the Education Department said.

29/10 Year-end Roth IRA conversions are popular — but don't wait too long, financial experts say

If you're weighing a year-end Roth IRA conversion, waiting too long could be risky, financial experts say. Here's what investors need to know.

28/10 There's still time to reduce your 2024 tax bill with these strategies

There’s still time to lower your taxes or boost your refund for 2024, financial experts say. Here are some strategies to consider before year-end.

26/10 I just bought a Jeep for my teen driver. Here's what I learned about the used car market

If you haven't shopped for a used car in a few years, prepare for massive sticker shock.

25/10 Here's how to leverage higher income limits for the 0% capital gains bracket

Bigger earnings limits are coming for the 0% capital gains brackets in 2025. That could offer tax planning opportunities, financial experts say.

25/10 A key change to 529 plans this year is already triggering parents to save more for college

This year, in part because of the added flexibility, more parents are utilizing 529 college savings plans.

24/10 Here's how much you can make in 2025 and still pay 0% capital gains

The 0% capital gains bracket could offer tax planning opportunities, experts say. Here are the taxable income limits for 2025.

22/10 How new tax changes for 2025 could affect federal tax liabilities for families

The IRS has announced new changes affecting the earned income tax credit, child tax credit, adoption credit and annual gift tax exclusion for 2025.

22/10 IRS announces bigger estate and gift tax exemption for 2025

The IRS has announced a higher estate and gift tax exemption for 2025. Here's what wealthy families need to know.

22/10 The IRS unveils higher capital gains tax brackets for 2025

The IRS has unveiled higher long-term capital gains brackets for 2025. Here's what investors need to know.

22/10 IRS announces new federal income tax brackets for 2025

The IRS has announced higher federal income tax brackets and standard deductions for 2025. Here's what taxpayers need to know.

21/10 Don't wait to find a tax preparer for 2025: Why one expert would '100% recommend starting now'

If you need a tax preparer for the 2025 filing season, now is the time to start looking, experts say. Here are the key things taxpayers need to know.

21/10 28% of credit card users are still paying off last year's holiday debt. How to get this season’s tab under control

Americans tend to overspend during the holiday shopping season and this year will be no different, experts say.

19/10 Social Security's retirement trust fund may run out in nine years. Here's how the next U.S. president may address that

The trust fund that Social Security relies on to pay retirement benefits may be depleted in nine years. How the next U.S. president could change that.

18/10 As nervous investors worry about the presidential election, public debt is a top concern financial advisors say

The impacts of outstanding U.S. debt could have long-lasting implications beyond the November election, according to new research.

18/10 Surge in active ETFs has been 'remarkable,' analyst says — how to know if it's right for your portfolio

There's been a surge in active ETFs as investors seek lower costs and more precision. Here's how to know if these funds are right for your portfolio.

17/10 Some workers qualify for a maximum Social Security retirement benefit. But even people with moderate earnings can increase their checks

A 2.5% cost-of-living adjustment in 2025 will push Social Security benefits up for all beneficiaries, including high earners.

17/10 Inherited IRA rules are changing in 2025 — here's what beneficiaries need to know

If you have an inherited IRA, you may be subject to yearly withdrawals starting in 2025. Here's how to reduce your tax bill.

17/10 Why 401(k) plans are the 'final frontier' for exchange-traded funds

Exchange-traded funds have made little headway in 401(k) plans even as they've steadily gained market share in other accounts.

16/10 Key change coming for 401(k) ‘max savers’ in 2025, expert says — here's what you need to know

There's a key change coming to 401(k) catch-up contributions in 2025. Here's who could be affected by the update, according to experts.

16/10 Holiday shoppers plan to spend more while taking on debt this season

Leaning on credit cards, or even buy now, pay later, to purchase holiday gifts will come at a high cost if there are missed or late payments.

16/10 Here's why the U.S. retirement system isn't among the world's best

Annual rankings show the U.S. is in a lackluster position relative to global retirement systems.

15/10 Here's what to do if you still can't pay taxes on the Oct. 15 tax extension deadline

The tax extension deadline is Oct. 15, but some disaster victims have more time to file. Here's what to know if you still can't pay your balance.

15/10 Some hurricane victims can get a tax break for losses — Here's what you need to know

Victims of Hurricanes Helene and Milton could get a tax deduction for losses. Here's how to qualify.

13/10 Op-ed: Here's how to incentivize your kid to start investing for retirement

Incentivizing your child to save is about making saving rewarding and fun. These strategies can help your child develop strong financial habits.

11/10 Social Security payroll tax limit increases for 2025. Here's how that may affect you.

The latest Social Security adjustments come amid growing concerns about the program’s solvency.

11/10 Investors face delays moving certain assets from TreasuryDirect

Investors are facing delays to transfer certain assets purchased via TreasuryDirect. Here's what to know.

10/10 Here's why the Social Security COLA is smaller for 2025

Social Security beneficiaries will see the lowest cost-of-living adjustment in 2025 since the pandemic. Some argue the way the COLA is measured should change.

09/10 Social Security cost-of-living adjustment for 2025: Here's how benefits may change

Social Security beneficiaries are expected to find out this week just how much their benefits will increase in 2025.

09/10 As interest rates fall, it's a 'fantastic time' to revisit bonds, advisor says — here's why

As the Federal Reserve cuts interest rates, investors should revisit their bond portfolio, experts say. Here's which bonds could see a boost.

09/10 Warren Buffett's S&P 500 bet paid off. Experts weigh in on whether it's still a winning strategy

Investing in an S&P 500 index fund can let you take a set-it-and-forget-it approach. But some experts say you could be missing an opportunity to diversify.

08/10 Credit card spending growth is slowing — 'consumers have been in a pretty frugal mood,' expert says

Revolving debt, which mostly includes credit card balances, fell 1.2% in August, according to the Federal Reserve’s latest consumer credit report.

08/10 Your tax bracket may increase after 2025. Here's how it could affect your brokerage account

If you're investing in a brokerage account, it's important to know how assets can impact your taxes, especially with Trump's tax cuts possibly expiring.

07/10 Many Americans would rather talk about politics than money. Not having those conversations can cost you

People are reluctant to talk about money, yet it's an important topic. Experts weigh in on why families need to get the money conversation started.

07/10 For retirees, here's what to do with required withdrawals when you don't need the money

For some retirees, the deadline to take required withdrawals from retirement accounts is approaching — and those who don't need the money have options.