Personal finance

Getty Images If you’re considering a Roth conversion, your timing and yearly planning can significantly reduce the tax bite, financial experts say.  The popular retirement savings strategy allows higher earners to skirt the income limits for Roth individual retirement account contributions. While the maneuver may kickstart tax-free growth, you’ll owe levies on pretax deposits. And

The IRS and state tax agencies have programs to help taxpayers prepare returns. Here, Robert Smith from the New York State Department of Taxation and Finance assists Geraldine Gruenthal, of Levittown, New York, at a free tax preparation session in Bellmore, New York on April 1, 2017. Newsday Llc | Newsday | Getty Images This

In less than two weeks, Russia’s invasion of Ukraine has escalated into a full-fledged humanitarian crisis. Already, 2 million people have fled Ukraine, but as many as 5 million could be displaced as Russian troops continue to advance toward major cities. Many people around the world want to help Ukrainian refugees, whether by donating money, medical supplies or

The U.S. Department of Education in Washington, D.C. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images The U.S. Department of Education has directed the companies that service federal student loans not to send out notices about payments restarting in May, according to two people familiar with the matter. Servicers that would have sent out

Richiesd | E+ | Getty Images If you want to change careers, you are not alone. It turns out the “Great Resignation,” also known as the “Great Reshuffle,” has many Americans rethinking the type of work they are doing. Some 53% of employed U.S. adults who quit their job in 2021 changed their occupation or

Nine-year-old student Roberto Nieves Fernandez studies personal finance topics on his laptop using online resource center SmartPath. SMARTPATH Florida is poised to become the largest state to make a financial literacy course mandatory for high school graduation. The Florida Senate on Friday unanimously passed SB 1054 and sent it to the state House of Representatives,

marekuliasz | iStock | Getty Images As conflict between Russia and Ukraine continues to send shock waves through the markets, many investors may be questioning what, if anything, they should do next. The most common advice is to stay the course. That can be difficult on days like Tuesday, when fresh losses prompted both the

A “now hiring” sign is posted in the window of a restaurant in Los Angeles on Jan. 28, 2022. Frederic J. Brown | AFP | Getty Images The pandemic-era phenomenon known as the Great Resignation remained a hallmark of the labor market in early 2022, according to federal data issued Wednesday. Nearly 4.3 million people

In this article LC As daily life gets more expensive, workers are having a harder time making ends meet. While wage growth is high by historical standards, it isn’t keeping up with the increased cost of living, which is growing at the fastest annual pace in about four decades. “Wages are up 5.1% over the past year,

Romance scams have surged during the pandemic, cheating online daters out of millions of dollars in the quest for love. In 2021, consumers reported they lost a record $547 million to romance scams, according to a report from the Federal Trade Commission. That represents an 80% increase compared to 2020 and brought the median personal

Jose Luis Pelaez Inc | DigitalVision | Getty Images If you have a flexible savings account for health-care expenses, it’s probably worth checking whether any of that money is on the verge of disappearing. An estimated $1 billion in those accounts could be forfeited in 2022, according to an estimate from FSAstore.com. Some forfeitures could

With gasoline prices at a 14-year high, it’s hard to imagine paying even more at the pump. Yet prices are only heading higher. On Sunday, the national average for a gallon of gas hit $4.009, the highest since July 2008, according to data from AAA.  An increase in demand along with a reduction in supply