Everything you need to know about your student loans amid the coronavirus pandemic

As the country grapples with an unprecedented pandemic that’s left millions of Americans unemployed, the U.S. Department of Education is giving most federal student loan borrowers a break from their monthly bills until at least October.  That reprieve started on March 13 and goes until Sept. 30. And during that time, no interest will accrue on the loans.  You probably […]

Coronavirus: Here’s what to do with your 401(k) if you lose your job

As unemployment claims skyrocket, Americans facing joblessness are rejiggering their personal finances, including what to do with their employer-sponsored retirement accounts. While conventional wisdom says that people shouldn’t touch their retirement savings and instead let it grow over the long term, that calculus changes when faced with an immediate financial crisis – such as job […]

Coronavirus hit companies’ 401(k) policies: What to do if your employer stops matching

Employers who have had their bottom lines hammered by the coronavirus pandemic have begun to cut the contributions they make to their employees’ retirement accounts, like a 401(k). A 401(k) account is a tax-advantaged, company-sponsored savings plan, with defined contributions, typically made by employees and employers. In some cases, employers match some contributions. For a […]