When couples decide to take the next step and get married, it’s important to discuss money to ensure marital money success. According to Amy Maliga, financial educator with Take Charge America, a nonprofit credit counseling and debt management agency, “Navigating money issues when you’re single is completely different than when you’re married. That’s why it’s […]
Continue reading The tech industry has seen a mass wave of layoffs, leaving many workers wondering what their rights and responsibilities are.[0] One of the main questions is: is severance pay taxable? According to the IRS, severance pay is taxable income and must be reported on your tax return in the year it was received. However, there […]
Continue reading As of mid-January, Americans have spent down 35% of the extra savings they accumulated during the pandemic, according to an estimate from Goldman Sachs.[0] By the end of the year, the company forecasts that they will have exhausted 65% of that money.[1] The extra savings can be attributed to high consumer spending during the pandemic, […]
Continue reading The Reserve Bank of India (RBI) hiked the repo rate by 25 basis points to 6.5 percent on Wednesday, in a widely expected move.[0] The central bank also revised down the inflation projection to 6.5 percent for 2022-23 against previous forecast of 6.7 percent, and expects GDP growth for 2023-24 to be 6.4 percent while […]
Continue reading It’s tax season and the deadline to file your 2022 tax return is April 18, 2023.[0] The IRS encourages you to file as early as possible, but there are also reasons to wait until later.[1] When you do go to file, there are a few things to keep in mind. Here’s what you need to […]
Continue reading The latest report from TransUnion showed that Americans racked up a record $930.6 billion in credit card debt in the fourth quarter of 2022, a whopping 18.5% increase from the same period one year ago.[0] This surge in debt was accompanied by a rise in the average credit card balance, which now stands at $5,805.[1] […]
Continue reading Despite the growing wealth of the wealthy, a survey from Natixis Investment Managers has revealed that 58% of high net worth individuals accept they will have to keep working longer and 36% worry that retirement may not even be an option. The survey of 8,500 investors, 1,617 of whom have $1 million or more saved, […]
Continue reading Savers have a lot of options when it comes to investing their money. Risk-averse investors or those looking to invest for the short-term may want to consider certificates of deposit (CDs).[0] CDs are a safe way to save, backed by the full faith and credit of the U.S. government up to $250,000, and can offer […]
Continue reading In December 2022, the SECURE 2.0 Act of 2022 passed, making significant updates and changes to the SECURE Act of 2019 and providing retirement access and security for Americans. This legislation affects employer-sponsored defined contribution plans, such as profit-sharing plans, 401(k) plans, 403(b) plans and stock bonus plans.[0] One of the major changes is the […]
Continue reading Learn the basics of investing in a gold and silver IRA, including how it works, tax implications, risks, and tips for successful management. Discover how does a gold and silver IRA work today!
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