FatCamera | E+ | Getty Images Anyone without health insurance has about two weeks left to get 2023 coverage through the public marketplace — and subsidies could make it affordable. Open enrollment for the federal health care exchange runs through Jan. 15, with coverage taking effect Feb. 1. (If your state has its own exchange,
Personal finance
Olivier Douliery | AFP | Getty Images Winning $640 million wouldn’t be a bad way to close out the year. That’s the Mega Millions jackpot amount for the next drawing, which is set for Friday night. The top prize has been growing since Oct. 14 when it was reset to $20 million after two tickets
Getty Images After a year of high inflation, stock market volatility and rising interest rates, it’s easy to see why many feel uncertain heading into 2023. But rising costs have prompted updates from the IRS, broadly affecting Americans’ finances, including retirement savings and taxes. And recent legislation may present further options for the new year.
Xavier Lorenzo | Moment | Getty Images When it comes to financial resolutions for 2023, there’s one goal at the top of many people’s lists: building an emergency fund. A recent survey from Personal Capital found that 31% of respondents want to increase their emergency savings, topping other goals like purchasing a car, with 15%;
Creatas | Creatas | Getty Images It’s been a strange time for people with federal student loans. The bills have been on pause for nearly three years, and we still don’t know exactly when they’ll resume. President Joe Biden in August announced that he would be forgiving up to $20,000 for tens of millions of
Daniel De La Hoz | Istock | Getty Images If the Supreme Court decides to strike down President Joe Biden’s student loan forgiveness plan, it will be a bigger loss for some groups than others. That’s because the $1.7 trillion education debt crisis has hit certain populations especially hard. Since Biden unveiled his plan to cancel
Catherine Mcqueen | Moment | Getty Images It will soon be easier for cash-strapped Americans to tap their retirement savings for emergency expenses. President Joe Biden is poised to sign a $1.7 trillion bill that amends rules related to so-called hardship distributions from 401(k) plans. The measures are tucked into “Secure 2.0,” a collection of
Chandra Sahu, 25, left a job in investment banking during the so-called Great Resignation last year, eager to find work that offered more flexibility. The New York City resident said she looked for work that fulfilled her “top priorities,” allowing her to demonstrate her “agency and creativity,” and landed at a startup. “I wanted to
Mt. Fuji and Tokyo skyline, Japan. Jackyenjoyphotography | Moment | Getty Images Americans are poised to travel overseas in a big way in 2023. Households are continuing to unleash two or three years’ worth of pent-up demand as Covid-19 fears wane and the last vestiges of pandemic-era border restrictions have eased. The U.S. dollar also
Credit scores play a key role in your financial life. Generally speaking, the higher your credit score, the better off you are when it comes to getting a loan. And yet, many Americans make the same common mistakes with credit, putting their future financial well-being at risk. As interest rates rise at the steepest annual pace ever,
Student loan borrowers protest the GOP outside the Republican National Committee’s offices in Washington, D.C,. for denying student loan relief to 40 million borrowers on Nov. 18, 2022 Paul Morigi | Getty Images Entertainment | Getty Images Two of the legal challenges brought against President Joe Biden’s student loan forgiveness plan have reached the U.S.
sturti Coming up with the cash to cover an unexpected emergency expense can be a challenge for many individuals and families. Studies show an unexpected expense of even $400may prompt people to borrow to cover the cost. When faced with such bills, workers may be tempted to tap their retirement savings accounts. related investing news