At LIZ WESTON or NerdWallet Most people no longer get a tax deduction when donating to charity. This shouldn’t stop you from donating, but you may want to change your approach. Generally, only taxpayers who itemize deductions can write off charitable contributions. The vast majority of taxpayers take the standard deduction instead, which was nearly …
Liz Weston: Make the most of the new charitable giving rules Read More »
“Stock markets will periodically experience losing streaks […] and every investor will experience it from time to time,” one personal finance expert told CNBC’s Make It. xavier lorenzo | time | Getty Images Investing was hot earlier in the Covid-19 pandemic – stock markets boomed, as did retail investing apps, meme stocks and cryptocurrency. Trading …
Secretary of Labor Marty Walsh speaks during a press conference at the White House in Washington, April 2, 2021. Erin Scott | Reuters Most American workers dream of a comfortable retirement. Yet many find that their money falls short of this goal when they reach their golden years. Much of the problem is related to …
“It’s a crisis.” Why more workers need access to retirement savings Read More »
Secretary of Labor Marty Walsh speaks during a press conference at the White House in Washington, April 2, 2021. Erin Scott | Reuters Most American workers dream of a comfortable retirement. Yet many find that their money falls short of this goal when they reach their golden years. Much of the problem is related to …
“It’s a crisis.” Why more workers need access to retirement savings Read More »
Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios in New York City. jenny anderson | WireImage | Getty Images If your car breaks down or you have an unexpected medical bill, it can be difficult to find the money to cover expenses. In a pinch, it can be tempting to withdraw money …
Election workers open ballots at the Maricopa County Tabulation and Election Center in Phoenix on November 11, 2022. Justin Sullivan | Getty Images It may take until December to find out which political parties control both houses of Congress after Tuesday’s midterm elections. But that doesn’t mean your personal investment strategy should also stay up …
As Americans head to the polls, several key personal finance issues weigh on voters’ minds and wallets. This week, the Federal Reserve enacted its fourth consecutive 0.75 percentage point increase in interest rates to fight inflation, triggering further losses in stock markets. Meanwhile, recession fears are growing, with 84% of Americans worried about how a …
5 key personal finance issues this midterm election – and what they mean for your wallet Read More »
Sarah O’Brien works hard to write about personal finance. Salvatore Augustine One of the best things about being a personal finance journalist is my ability to recognize the many financial mistakes I’ve made in my life. I already divulged some of them in the first version of this confessional two years ago. Although some of …
Retirement is a major goal that many workers watch for throughout their careers. However, once people reach retirement age, they are often in store for financial surprises, despite decades of preparation. For today’s retirees, this is compounded by new uncertainties brought by historically high inflation and recent stock market turmoil. Ideally, those retiring already have …
Fizz | Istock | Getty Images Employee 401(k) accounts may have been hit by recent market volatility, but that’s not the only reason balances may be down. A new study from Morgan Stanley at Work reveals that 62% of employees have reduced their short- and long-term savings contributions amid high inflation and fears of a …
