New regulations are making it easier to invest in alternative assets via crowdfunding, and the recent explosion of crypto and NFTs means that investors are more diversified than ever. Keeping up with such a variety of investments may prove difficult to those who want to handle managing their investment portfolios on their own. Money Minx, […]
College debt can drain your finances, especially when you’re trying to save up for a down payment on a home or build your retirement nest egg. Student loan refinancing rates are near record lows, which means it may be a good time to refinance your student loans to save money on interest and pay off […]
You know that putting money aside is a good idea, but counterintuitive though it might seem, putting it all in the same place can make your budgeting more complicated than it needs to be. To keep things straight, why not sign up for multiple savings accounts and divide your savings for specific purposes? Think of […]
Yes, the super-rich are different than the rest of us. A lot of them pay very little in income taxes. Some of the world’s wealthiest executives, including Warren Buffett, Jeff Bezos, Michael Bloomberg and Elon Musk, pay little to no taxes compared to their wealth, a ProPublica report revealed on Tuesday. “The tax law is […]
Americans want their summer vacations. After a year of restricted movement during the pandemic, 80% in a recent survey by tourism market research firm Destination Analysts said they are ready to travel. However, with that demand comes higher prices. Airline tickets are up 7% for the month and 24% from the year prior, according to […]
More than 2.3 million new stimulus checks have been sent, representing over $4.2 billion in payments to Americans, the government announced on Wednesday. In total, more than 169 million payments worth about $395 billion have been issued since Congress passed the American Rescue Plan Act in March. That legislation authorized payments of up to $1,400 […]
Mortgage applications have fallen for the third straight week, driven by a drop in refinance activity, according to the latest weekly report from a mortgage industry trade group. That’s despite mortgage rates that remain at near-record lows, offering millions of homeowners an opportunity to refinance their houses into cheaper loans. Borrowers can save hundreds of dollars […]
While retirement plan committees, also known as plan fiduciary or plan oversight committees, have structures as varied as the companies that sponsor them, new research shows key consistencies in how committees are designed and operate. Retirement plan committees are entrusted with a wide array of decisions regarding a plan’s operation, benefits and cost, and they […]
Less than two years after the Secure Act ushered in significant changes to the nation’s retirement system, more modifications may be on the horizon. Two similar, bipartisan bills — one each in the House and Senate — aim to build on that 2019 legislation as a way to bolster the ranks of savers and increase […]
If you have a big money goal in mind, such as buying a home or retiring early, you should have a solid understanding of where your money is going, including how much you’re actually saving. An easy way to figure out how much of your money can go toward building wealth is by calculating your savings rate, which […]
Retirement is the culmination of decades of financial decisions, and the unfortunate truth is that some of those decisions aren’t always good. This is exceedingly common, in fact. At present, millions of Americans are making financial choices that will hurt them down the road. According to a GOBankingRates survey, an alarming 64% of Americans will […]
Workers who lack access to retirement saving accounts in New York could soon receive one as lawmakers this week approved the finishing touches to a measure that expanded eligibility to the initial proposal. The measure now goes to Gov. Andrew Cuomo’s desk for his consideration. The bill approved this week in the state Senate adds […]
