Personal finance

In this article AVD Thomas Barwick | Digitalvision | Getty Images Vanguard Group captured the most new investor money in its target-date funds last year relative to other asset managers, reclaiming the top spot it’d held for over a decade before being dethroned in 2020, according to a new Morningstar report. Target-date funds, or TDFs,

David Paul Morris | Bloomberg | Getty Images High gas prices have put a strain on many Americans’ budgets. Now some Democratic lawmakers are proposing a possible solution: direct rebate payments to Americans. Three congressional leaders have proposed $100 energy rebate payments that would be sent to Americans during any month where the national average

Bloodua | Istock | Getty Images Senate Majority Leader Chuck Schumer of New York and Sen. Elizabeth Warren, D-Mass., are among those calling on President Joe Biden to bypass Congress and forgive student debt through executive order. “You just need the flick of a pen,” Schumer has often been quoted saying on the matter. Yet there

A sign reflects the price per gallon of fuel at a gas station on March 10, 2022 in Miami, Florida. Joe Raedle | Getty Images Americans are feeling the pinch of rising gas prices. Now two states — Maryland and Georgia — are temporarily suspending their gas taxes in order to help their residents save

A man walks past a bitcoin symbol in the window of a company that offers blockchain application services on Dec. 21, 2021 in Berlin, Germany. Bitcoin and other virtual currencies rose strongly in value in 2021. Sean Gallup | Getty Images News | Getty Images Financial advisors have been reluctant to integrate cryptocurrency into client

Eakgrunge | Istock | Getty Images Ageism is one of the most unfair paradoxes in the labor market: People put in decades of hard work and then find themselves penalized for having done so. And the problem is only worsening: Nearly 80% of older workers say they’ve seen or experienced age discrimination in the workplace,

In this article TRU EXPN-GB EFX A medical worker walks past a row of ambulances parked outside of Houston Methodist Hospital amid the global outbreak of the coronavirus disease (COVID-19). in Houston, Texas, U.S., June 22, 2020. Callaghan O’Hare | Reuters A large number of U.S. consumers will have their medical debt wiped from their

IRS commissioner Charles Rettig testifies during the Senate Finance Committee hearing on June 8, 2021. Tom Williams | Pool | Reuters The IRS is still digging through tens of millions of unprocessed tax returns with roughly four weeks until the 2021 filing deadline. But Commissioner Charles Rettig expects the backlog to clear by year-end. The

Pekic | E+ | Getty Images Some of your debt is about to get more expensive On Wednesday, the Federal Reserve raised its benchmark interest rate by a quarter percentage point. That, in turn, likely will impact the rates charged on your credit cards. The average rate is just over 16% right now, according to

Getty Images If you didn’t put the maximum amount of money into an individual retirement account or health savings account last year, you still have about one month to do so for 2021. The deadline for 2021 contributions is April 18, 2022, the same day individual tax returns are due. For those who can afford

The Federal Reserve building in Washington, January 26, 2022. Joshua Roberts | Reuters The Federal Reserve is poised to announce its first interest rate hike since 2018 on Wednesday. The central bank is likely to raise its target federal funds rate by 25 basis points, or one-quarter of one percent, to address the worst inflation

The Federal Reserve is expected to raise rates Wednesday as they look to contain soaring inflation. The first quarter-point increase in the federal funds rate in three years will likely lay the groundwork for additional hikes to follow. “The cumulative effect of rate hikes is what is really going to have an impact on the economy and