Many seniors have seen their retirement account balances fall this year thanks to COVID-19 and not everyone has fully recovered from major investment losses during March’s big market crash. Social Security benefits that retirees depend on are also losing buying power, and since a resurgence in COVID-19 cases could mean there’s no cost-of-living increase next […]
Things have been tough for many Americans during the coronavirus pandemic, and it’s about to get worse, personal finance expert Suze Orman warns. The virus is continuing to spread across the country, with nearly 3.8 million cases and more than 140,000 deaths now being reported. At the same time, several relief measures enacted to support […]
After Wisam Dakka and André Madeira left Snap in 2018, the two longtime product developers and coders cast about for a new app to build. Looking around they realized there was no financial product that spoke to the generation of consumers they’d spent the last bit of their professional lives working to build for, so […]
High-income households will come out ahead – at the possible expense of the poor – if the Supreme Court overturns the Affordable Care Act. Last month, the Trump administration asked the Supreme Court to do away with the health-care measure, arguing that the law became unconstitutional when Congress eliminated the penalty for not having coverage […]
‘They are still citizens, so they should be able to access that money’: Inside the quest to… Dividends Come Crashing Down as Asian Companies Preserve CashBankrate logo5 reasons to have multiple savings accounts Savings accounts are designed to be a safe place to stow away money so you can reach your financial goals. But if […]
Chances are, Social Security will play an important role in your finances during retirement, so it’s important to get as much out of those benefits as possible. But the wrong moves on your part could cause you to lose out on money that’s vital to your financial wellbeing later in life. Here are three such mistakes it […]
If you want to manage your financial accounts without a full-featured and expensive program like Quicken, Microsoft has a solution called Money in Excel. This new option helps you integrate your bank accounts and other financial data so you can track your expenses, spending habits, investments, and more. Access to your financial accounts is performed […]
Banking on Social Security to keep you afloat in retirement? You’ll have to rethink that plan. While Social Security normally replaces about 40% of your working income — which often isn’t enough for many to survive comfortably — there’s a good chance you’ll get even less. Here are three factors that could degrade your Social […]
How much do you need to retire? And, equally important, how do you reach that goal? These questions baffle many American savers, and it’s no wonder. Financial experts throw out retirement savings numbers ranging from $1 million to $5 million, along with confusing rules about how much you should save, what your retirement living expenses […]
Early-retirement packages will be all the rage in the coming months, and each one has the ability to convince a person, otherwise unprepared for retirement, that they should retire. Fortunately, Elizabeth, this is not the case with you. Between your husband’s income, Social Security, and the income you can safely and repeatedly generate from your […]
Resist the urge to shove your completed 2019 tax return into a drawer. It could help you save money next spring. Taxpayers and tax professionals were focused on the sprint to July 15 – the new deadline for 2019 federal income tax returns and payments. Indeed, the IRS received 147.1 million individual income tax returns […]
We know that the Senate will be “looking at another direct payment” when the new session starts on Monday, that much is clear. Among other things, the debate will center on how big a second stimulus check could be and who will (or won’t) qualify to get it. Even if you received the first stimulus […]
