Eligible families will start receiving the enhanced child tax credit payments on July 15. If you’re expecting a payment, see how much you’ll get here. Before the IRS can send those payments, however, it will open two portals for people with qualifying dependents to make any necessary changes. The portals will also be used to opt out of the monthly payments if you’d […]
As much flack as millennials get for their bad financial habits, they actually are pretty good savers. A recent survey conducted by Bank of America found that 73% of millennials are actively saving money and more than half (59%) have $15,000 or more in savings. Perhaps even more impressive, the survey found that nearly 1 in 4 millennials […]
The advance child tax credit payments will begin July 15 — see how much money you’ll get. But before those are sent, the IRS will make two portals available for eligible families with qualifying dependents. You’ll use the portals to update your information, opt out of the monthly payments and make sure you’re registered if you don’t normally file taxes. We’ll explain all the […]
The time to act is now for homeowners looking to refinance their home loan into a lower interest rate. That’s because the money markets are betting on an increase in interest rates this year. That is, they are now pricing a 100% chance that the Federal Reserve will increase the federal funds rate by December […]
In theory, consolidating credit card debt sounds like a good idea. Replacing high-interest credit card debt with a credit product that has a lower interest rate could help reduce the amount of interest you ultimately pay on the debt. There are a number of ways to consolidate credit card debt — all of them with […]
Is your current savings account just not working for you? Maybe you’re not happy with the savings account rates, account terms or minimum balance requirements on your existing savings account. If so, it may be time to call it quits…and open a new (and better) savings account. You have options. You can stay put with […]
Many Americans do not have the cash on hand to cover an unexpected emergency expense, a reality that has become more apparent during the Covid-19 pandemic. That has led to a growing call for companies to step in and adopt programs to help people sock away those rainy day funds. Investment firm BlackRock on Wednesday […]
There’s no single retirement savings number that guarantees you’ll have enough money to pay all of your bills. But as a general rule, it’s a good idea to retire having banked 10 times your ending career salary. Now there’s wiggle room with that number, such as if you plan to downgrade your lifestyle or hold […]
Americans’ retirement savings account balances hit record levels in the first quarter despite the financial challenges brought on by the coronavirus pandemic. New data released by Fidelity Investments showed record balances among 401(k), 403(b) and IRA savings accounts in the first quarter of 2021, with double-digit percent increases when compared with the same quarter last year. Here’s a look at the […]
There’s a pretty good chance — okay, an overwhelming chance — that you won’t win the $475 million Mega Millions jackpot. Then again, someone at some point has to win. And, there’s generally no harm in daydreaming. “Buying a Mega Millions ticket gives our players ‘permission to dream’ for just a few dollars,” said Gordon […]
The IRS will start issuing tax refunds on unemployment benefits this week. But some people may see a smaller refund — or none at all. The lesser amounts will apply to those who have past-due debts, like federal and state taxes, child support, student loans and unemployment benefits that were paid in error, according to […]
When it comes to claiming Social Security benefits, do it when you need it, one expert recently shared with Yahoo Finance Live, even if it means taking benefits early. There’s an out if you decide you made a mistake. “There is a neat thing you can do with Social Security and that is you can […]
