(NerdWallet) – Taxes are complex, and for small-business owners, freelancers and people with side gigs, they’re even more complex — especially now, as filers reckon with the tax effects of small-business relief programs and rule changes. But those new twists and turns can create some tax-saving opportunities, according to three tax pros. Here are seven […]
Category: Personal Finance
6 ways to save money on video games
We’ve put together a handy guide to help you save money on video games and get the most out of your gaming hardware. Gaming is a great hobby to have, but it’s not exactly the cheapest one either. Between the flurry of hardware upgrades, new console releases, as well as full retail prices on games […]
4 ways to tame financial stress and save for retirement
Maybe you feel like you don’t earn enough. Or you don’t understand how investing works. Or maybe you can’t organize your finances. These are factors that can lead to financial stress and set back your retirement savings. A lack of assets and money management challenges are contributing factors to high levels of financial anxiety and […]
Retirement quiz: 10 details too many people get wrong about Social Security, Medicare
Social Security has a lot of complex rules, and most Americans don’t know them. In fact, according to a recent survey conducted by Nationwide, more than half of all adults surveyed got 10 key true or false questions about the retirement benefits program incorrect. Their misconceptions included how long you can collect Social Security, whether those benefits are […]
Securing Your Retirement Fund: What You Can Do to Grow Your Wealth.
Saving for retirement has become a daunting task for some Americans who are looking to retire in the next few years. In a recent survey published on CNBC, more than 41% of Americans claim that it will “take a miracle” for them to be financially secure by the time they retire. While the outlook of […]
Cryptocurrency 101: Here are some beginner tips from the experts
Some say cryptocurrencies are the future of the internet and thereby, the future of the world. The ads were front and center during the Super Bowl, creating a lot of buzz as well as a lot of confusion. So here is your Cryptocurrency 101. During Super Bowl 56, you probably saw a commercial with a […]
Where to Invest $10,000 in a Bear Market
The S&P 500 — an index fund containing the largest 500 U.S. companies — saw one of its worst months in January 2022, dropping close to 10% from Jan. 3 to its lowest point of the year on Jan. 27. While it has since recovered some of its losses, it’s still far off from its […]
Trading cryptocurrency? You must report these transactions to the IRS
As tax season approaches, investors who’ve dabbled in buying or trading cryptocurrency may have more IRS forms to fill out than usual this year. Many, but not all, transactions made in bitcoin, ethereum and other digital currencies must be reported to the federal government. That’s leaving some crypto first-timers confused about how to prep their […]
No credit score? You can still get a credit card from this startup
When Kristy Kim attended UC Berkeley, she couldn’t get approved for a credit card. Like many college students, she’d had no chance to obtain a credit score—that sometimes elusive number whose higher value guarantees approval for credit cards and other life necessities, like home rentals and loans to start businesses. Credit-less young people typically can’t […]
How To Pivot Your Retirement Plan If You’re Behind on Savings
Saving for retirement isn’t at the forefront of our minds when we’re just starting our careers. We often are just figuring out what we want to do for work, rather than how we’re going to pay for life after it. That’s probably the reason why 1 in 4 people have nothing at all saved up […]
Promote Retirement Savings for America Saves Week 2022 and Beyond
America Saves Week 2022, taking place from Feb. 21 to Feb. 25, is an opportunity to encourage employees to start saving through their workplace retirement plan as early as possible and, if they can, to increase savings each year—even if only by a small amount. To help get the message out, the America Saves 2022 website […]
Social security full retirement age stops changing in 2022. Here’s what you need to know.
In most years, Social Security undergoes important changes. These include an annual benefits increase if a consumer price index shows costs going up, as well as an increase in how much income is subject to Social Security taxes. In recent years, something else has changed as well – and it’s affected when retirees can claim […]