Simonskafar | E+ | Getty Images President Joe Biden on Tuesday signed into law the Inflation Reduction Act, which contained the largest climate spending package in U.S. history. The legislation earmarks $369 billion for climate and energy policies, including financial incentives for consumers and businesses that take steps to boost energy efficiency and reduce greenhouse
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kate_sept2004 | E+ | Getty Images The youngest workers entering the workforce — Gen Z, who range in age from 10 to 25 — showed dramatic adoption of individual retirement accounts, according to second quarter data released by Fidelity Investments this week. Fidelity IRAs owned by that generation increased 87% over the second quarter of
andresr | E+ | Getty Images Medicare may seem like a maze when you first try to navigate it. After all, there are different “parts” to the federal health insurance program, which provides coverage for about 56.5 million individuals in the 65-and-older crowd. And, whether you’re reaching the eligibility age of 65 or you are
Oscar Wong | Moment | Getty Images Most investors think of exchange-traded funds as a simple way to buy a diversified basket of individual stocks tracking an index or with exposure to a particular theme. But now there are also so-called single-stock ETFs, allowing leveraged bets on individual stocks. However, regulators and advisors warn these
Just months ago, the housing market remained in overdrive: surging home prices, historically low interest rates and unrelenting demand. However, data now suggests to some experts that the market is in a “housing recession.” For example, sales of existing homes in July fell by 5.9% from June, marking the sixth straight month of a decline
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
Rep. John Larson, D-Conn., and other lawmakers discuss the Social Security 2100 Act, which would include increased minimum benefits, on Capitol Hill on Oct. 26, 2021. Drew Angerer | Getty Images News | Getty Images Social Security crossed a new milestone when it reached its 87th anniversary on Sunday. The program was signed into law
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
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