Personal finance

Wand_prapan | Istock | Getty Images When it comes to spending money in retirement, there’s one rule of thumb — the 4% rule — that has persisted for decades. The 4% withdrawal rule calls for retirees to withdraw that portion from their investment portfolio in the first year of retirement. In each subsequent year, the

Those armed with a newly minted diploma are entering a job market that looks a little less promising than it did one year ago. Employers plan to hire about 5.8% fewer new college graduates from this year’s class than they hired from the Class of 2023, according to a report from the National Association of Colleges

Jenn Lueke, 27, is a recipe developer based in Boston who creates content online showing people how to eat well on a budget. “I think it’s no secret that prices are going up in pretty much every area right now,” Lueke told CNBC. About two thirds, 65%, of U.S. adults surveyed by CNBC/SurveyMonkey this spring

Kate_sept2004 | E+ | Getty Images The Social Security Administration is set to implement new rules to make it easier for beneficiaries to access certain benefits and increase the payments some may receive. The new changes affect Supplemental Security Income, or SSI, which provides more than 7 million Americans with monthly benefit checks. Those benefits

Buy now, pay later options are seemingly everywhere lately. But there’s one place they’re notable absent: your credit report. Up until now, installment payments have largely gone undetected, primarily because most lenders don’t report their customers’ loan information and payment history to the three major credit bureaus: Equifax, Experian and TransUnion. That has made buy

Hartford, Connecticut Sean Pavone | Istock | Getty Images When it comes to improving access to higher education, each state is largely left to its own devices. Some are trying a broader array of tactics than others. Connecticut, for example, recently rolled out several programs to establish pathways to college and lower the debt burden.

Tim Robberts | Stone | Getty Images There’s good news for at least some of the student loan borrowers who missed the April 30 deadline to qualify for quicker debt forgiveness: They may still be eligible for other relief options. Borrowers with multiple student loans who requested a so-called loan consolidation by the end of April 30

Director of the National Economic Council Lael Brainard speaks at the White House January 11, 2024 in Washington, DC. Drew Angerer | Getty Images President Joe Biden‘s top economic advisor on Friday laid out plans for the country’s looming debate over trillions in expiring tax breaks enacted by former President Donald Trump. Several provisions from

I remember my first credit card. My parents added me to their Visa Gold card when I was around 13 years old.  My mom specifically told me that it was for emergencies, or if I had permission beforehand to use it. She thought it was a way to help her daughter in case she needed

Geber86 | E+ | Getty Images The IRS has unveiled the 2025 contribution limits for health savings accounts, which are triple-tax advantaged for medical expenses. The new HSA contribution limit for 2025 will be $4,300 for self-only health coverage, up from $4,150 in 2024, based on inflation adjustments, the IRS announced Thursday. The contribution limit

Andresr | E+ | Getty Images There is $1 billion in unclaimed 2020 tax refunds up for grabs — but the last chance to file returns and collect the money is approaching. Nearly 940,000 taxpayers have until May 17 to file 2020 returns and claim their refund, the IRS said in a “final reminder” this

A City College of New York graduate takes a selfie during the commencement ceremony. Mike Segar | Reuters Newly minted college graduates should feel pretty good about their job prospects. The U.S. economy just notched another month of job gains, and although the unemployment rate edged up to 3.9%, “the streak below 4% has continued

US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024.  Andrew Caballero-Reynolds | AFP | Getty Images President Joe Biden hopes to start forgiving the student loans of millions of Americans before the November presidential election. But first his administration will need

Morsa Images | Digitalvision | Getty Images It may soon be more expensive to borrow federal student loans. The government sets interest rates on its education loans once a year. The rate, which runs from July 1 to June 30 the following year, is based in part on the May auction of the 10-year Treasury

DETROIT, MI – APRIL 29: A fan trades a baseball card on the trade wall during the 2023 Topps Truck Tour promotion outside of Comerica Park during game one of a doubleheader between the Baltimore Orioles and the Detroit Tigers at Comerica Park on April 29, 2023 in Detroit, Michigan. The Tigers defeated the Orioles

There’s a massive wealth transfer underway. “It has started and it’s only going to accelerate,” said Liz Koehler, head of advisor engagement for BlackRock’s wealth advisory business. Baby boomers are set to pass more than $68 trillion on to their children. And yet, some millennials and Generation Z may not be inheriting as much as they think. Recent

NYPD officers in riot gear enter Columbia University’s encampment as they evict a building that had been barricaded by pro-Palestinian student protesters in Los Angeles, United States on April 30, 2024.  Shay Horse | Nurphoto | Getty Images Some college students protesting Israel’s war in Gaza have faced disciplinary action in recent weeks, with universities

Entry-level jobs are typically thought of as positions requiring little to no prior experience or skills. But it’s a longstanding gripe among job seekers on social media that job listings’ requirements are more ambitious. “When you apply for an entry level marketing job and they ask for: 2+ years of experience, a degree, experiences in

Laylabird | E+ | Getty Images Inherited individual retirement accounts can be a financial boost for heirs, but the windfall can trigger tax issues, experts say. Withdrawals from pretax inherited IRAs incur regular income taxes. Since 2020, certain heirs can no longer “stretch” retirement account distributions over their lifetime to reduce yearly taxes. Now, certain

People leave a Social Security Administration building in Burbank, California.  Valerie Macon | Afp | Getty Images The trust funds the Social Security Administration relies on to pay benefits are now projected to run out in 2035, one year later than previously projected, according to the annual trustees’ report released on Monday. At the projected