Mixmedia | Istock | Getty Images You may have heard that Social Security’s funds are running low. If that doesn’t change, that may interfere with the program’s ability to pay full benefits in the next decade. Now, a new virtual tool from the American Academy of Actuaries lets you explore Social Security’s woes and decide
Personal finance
It’s getting harder to keep up with higher prices. As of February, 62% of all U.S. adults were living paycheck to paycheck, up from 60% a month earlier, according to a new LendingClub report. To make ends meet, more people have picked up a side hustle, the report also found. As pandemic-related benefits are scaled back,
Andrew Bret Wallis | The Image Bank | Getty Images For retirees, health-care costs can be among the most unpredictable expenses they face over the course of their golden years. While many of them worry about affording their monthly Medicare premiums, their bigger concern is their out-of-pocket costs, recent research from eHealth shows. Fully 75%
Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios In New York. Jenny Anderson | WireImage | Getty Images At the end of each episode of her long-running eponymous CNBC show, Suze Orman would close out with the phrase, “People first, then money, then things.” Women took that to mean they should give
Alistair Berg | Digitalvision | Getty Images Death and taxes are, as Benjamin Franklin famously declared, two of life’s certainties. Investment fees may be a worthy addition to that list in the modern era — though not all investors are aware of this near-universal fact. The fees financial services firms charge can be murky. One-fifth
Visualspace | E+ | Getty Images Over the past year, there’s been a wave of confusion around tax reporting for payment apps like Venmo and PayPal, along with e-commerce companies such as eBay, Etsy and Poshmark. But the IRS provided clarification in an update this week. The 2022 threshold for Form 1099-K, which reports third-party business payments to
When it comes to the U.S. economy, confidence is key. But the banking crisis has threatened to upset how most people feel about their financial picture. “The bank problems are probably making a lot of people think twice,” said Diana Furchtgott-Roth, an economics professor at George Washington University and former chief economist at the U.S. Department of
Photographer: Samuel Corum/Bloomberg via Getty Images President Joe Biden used his first veto to preserve a recent U.S. Department of Labor rule about investment choice in 401(k) and other workplace retirement plans. The regulation, which took effect in January, applies to so-called “environmental, social and governance” funds. These ESG investments — also known as sustainable
Tetra Images | Tetra Images | Getty Images The recent banking crisis has fueled concern of a “credit crunch” and the resulting negative impact on households, businesses and the U.S. economy. But what is a credit crunch and how might you prepare? Loans would be tougher to get related investing news Demand for Fed help
Skynesher | E+ | Getty Images For some young adults, retirement is so far away that it can feel absurd to put part of their income in an account that they can’t tap for decades. “They want to invest but can’t envision not being able to touch it until age 59½,” said Winnie Sun, co-founder
PeopleImages | Getty Images Contemplating your own death may not be on the list of things you’re eager to do. Yet for your family or other loved ones who would find themselves trying to sort out your affairs while also dealing with the emotional fallout from losing you, your having a so-called estate plan is
In this article SBNY EFX Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Bloomberg | Getty Images Some consumers who tried to deposit an Equifax settlement check in recent days got a surprise: It bounced. The checks, a result of a legal settlement over the credit-reporting firm’s 2017 data breach, were written against an account