Personal finance

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

People wear face masks outside a supermarket on the Upper West Side in New York City. Noam Galai | Getty Images Government data shows that inflation has broken another 40-year plus record. And even Treasury Secretary Janet Yellen predicted higher prices could be with us for the rest of this year. “We’re likely to see

Fg Trade | Istock | Getty Images If your three-year auto lease is coming to an end soon, be aware that your car may be worth far more than you realize. The 2022 average trade-in value for 2019 model-year vehicles is 33% higher ($7,208) than the predetermined residual value — a vehicle’s worth at the

Tara Moore | Getty Images Retirees who are feeling the pinch of higher prices, take heart: There could be a much bigger Social Security cost-of-living adjustment next year. A preliminary estimate from The Senior Citizens League, a non-partisan senior group, finds that the 2023 cost-of-living adjustment, or COLA, could be as high as 7.6%, based

Anchiy | E+ | Getty Images Lawmakers are considering a proposal to let 401(k) plans include annuities as a “default” investment option. Under a bill in the House, as much as 50% of a participant’s contribution could be put in an annuity, under certain circumstances. The idea, said supporters of the provision, is to help

Nkeki Obi-Melekwe performing in “Tina: The Tina Turner Musical” on Broadway. Photo: Manuel Harlan Nkeki Obi-Melekwe is soaring high as the star of Broadway’s “Tina: The Tina Turner Musical.” Yet when Covid-19 pandemic shut down Broadway in March 2020, she was suddenly one of millions of unemployed workers. At the time, she was an alternate