Pascal Broze | Getty Images One of the pain points of early retirement is limited access to your nest egg before age 59½ without incurring a 10% penalty. While a new IRS rule makes it easier to tap more penalty-free money, you still need to weigh your options, financial experts say. Generally, early pre-tax 401(k)
Personal finance
President Joe Biden delivers the State of the Union address during a joint session of Congress in the U.S. Capitol’s House Chamber on March 1, 2022. Getty Images In President Joe Biden’s more than hourlong State of the Union address Tuesday night, he made no mention of federal student loan forgiveness, worrying advocates and borrowers
President Joe Biden delivers the State of the Union address before a joint session of Congress on March 1, 2022 in Washington. Pool | Getty Images News | Getty Images In his Tuesday State of the Union address, President Joe Biden outlined several ways he wants to extend aid to low- and middle-income families, especially
FatCamera | E+ | Getty Images President Joe Biden apparently hasn’t given up on a proposal aimed at reducing prescription drug prices, especially for retirees. In his State of the Union address Tuesday night, Biden called for capping insulin prices at $35 a month for all Americans, as well as allowing Medicare to negotiate prices
Nitat Termmee | Moment | Getty Images Americans who invest in mutual funds and exchange-traded funds have largely been insulated from financial exposure to Russia amid its conflict with Ukraine. The reasons are twofold: First, fund managers who buy Russian debt or Russian company stock generally do so in small quantities; second, funds that buy
Brothers91 | E+ | Getty Images President Joe Biden called for passing a new federal paid family and medical leave policy in his State of the Union Address Tuesday night. However, the timing of when such a law could be put in place is still up in the air. The policy is part of Democrats’
President Joe Biden delivers the State of the Union address before a joint session of Congress on Mar. 1, 2022 in Washington. Pool | Getty Images News | Getty Images President Joe Biden reiterated his promise during the State of the Union Tuesday night not to raise taxes on households with less than $400,000 of
Ricardo Mojana | Getty Images About 47 million workers left their jobs in 2021 amid the ‘Great Resignation.’ Many of them did so for less pay. Last year, 53% of workers who left their jobs said they made less money in their new roles, according to a January online survey of 1,000 adults by Real
Kemal Yildirim | E+ | Getty Images You may unknowingly be subsidizing your colleagues’ 401(k) fees. The dynamic is a function of your 401(k) investments and how the retirement plan pays costs for administrative expenses, like those associated with trading and ongoing accounting of workers’ balances. Retirement savers (like the broader investment world) may be
Parents and children participate in a demonstration organized by the ParentsTogether Foundation in support of the child tax credit portion of the Build Back Better bill outside of the U.S. Capitol on Dec. 13, 2021. Sarah Silbiger | Bloomberg | Getty Images When President Joe Biden delivers his State of the Union address on Tuesday,
Getty Images Your filing status is the backbone of your tax return, and checking the wrong box can be costly. Yet many filers still confuse single and head of household, financial experts say. “Most people are not fully aware of the differences,” said Rose Swanger, a certified financial planner and enrolled agent with Advise Finance
A volunteer unloads aid donations for refugees from Ukraine in a school gym in Kroscienko, Poland, on Feb. 27, 2022. Nurphoto | Nurphoto | Getty Images As the conflict between Russia and Ukraine intensifies, the humanitarian crisis is worsening, as well. More than half a million Ukrainians have fled the country since the fighting began Feb. 24,