Personal finance

Visitors at the U.S. Capitol in Washington, D.C., on May 24, 2023. Jonathan Ernst | Reuters A tentative deal to raise the debt ceiling limit includes up to $21.4 billion of IRS budget cuts, slashing part of the nearly $80 billion in agency funding enacted last August to boost taxpayer service, technology and enforcement.   The

Anadolu Agency | Anadolu Agency | Getty Images Federal student loan borrowers hoping for another extension of the pandemic-era payment pause received bad news in the the tentative deal between Republican lawmakers and President Joe Biden to suspend the debt ceiling and avoid default. According to the legislative text of the agreement, the pause on

These days, many people are worried about paying for college. Less than half of Americans are confident that they’re currently saving enough for future education expenses, according to a recent report by Edward Jones. Checking your 529 college savings balance may not provide much comfort, either. Last year, these popular savings plans took a hit

In this article JPM CCF AXP V MA COF DFS BAC WFC C MHI-AU NTFL SSVC TNL TRV JBLU DAL DELTACORP-IN LUV SAVE AAL UAL 9201.T-JP YOU AMZN Follow your favorite stocksCREATE FREE ACCOUNT Have you ever gotten a free flight because of your Delta SkyMiles card? Or maybe you get the advantage of walking

Yellow Dog Productions | Getty Images With less than a week before the U.S. government faces a possible debt default, many are bracing for the economic fallout — and advisors have tips for nervous investors. Negotiations to raise the debt ceiling intensified between the White House and congressional Republicans on Thursday after a stark warning from

Iparraguirre Recio | Moment | Getty Images A 401(k) “match” from an employer is often referred to as “free” money, and therefore one of the best ways to juice retirement savings. But there’s a catch — you may need to wait up to six years before it fully belongs to you. A match is an

Skynesher | E+ | Getty Images The pandemic-era policy suspending federal student loan payments has been an especially big win for public servants. Most borrowers have benefited from the payment pause, which has lasted more than three years and spanned two presidencies. But for those pursuing the popular Public Service Loan Forgiveness program, the policy

As a growing contingent of Americans feel priced out of a college education, tuition assistance may be the most valuable incentive companies are using to attract and keep workers. In the last few years, more businesses have added or expanded benefit offerings of free college programs. Not only does free or discounted higher education improve

Getty | mihailomilovanovic The federal debt-ceiling standoff and the specter of a possible recession on the horizon may mean turbulent times ahead for the stock market — and that’s especially worrisome for retirees who rely on their investment portfolios for income. Retirees are generally advised to hold some stocks as part of their nest egg.

Nikola Stojadinovic | E+ | Getty Images Borrowers may be down to their last few months without a student loan payment. The Supreme Court could announce its decision on the Biden administration’s sweeping student loan forgiveness plan any day, and the U.S. Department of Education has braced borrowers to be ready for the bills to

In this article LC Follow your favorite stocksCREATE FREE ACCOUNT Even as inflation cools, consumers still show signs of strain. As of April, the share of adults feeling stretched too thin held nearly steady at 61%, according to a new LendingClub report. However, high-income earners are increasingly under pressure, LendingClub found. Of those earning more than

President Joe Biden and House Speaker Kevin McCarthy, R-Calif., meet in the Oval Office on May 22, 2023. Saul Loeb | AFP | Getty Images As President Joe Biden and House Speaker Kevin McCarthy, R-Calif., continue to negotiate ahead of a June debt ceiling deadline, experts are warning that Social Security checks could be at

Three years after the Covid pandemic, there are more than 1 million fewer students enrolled in college. “Overall, undergraduate enrollment is still well below pre-pandemic levels, especially among degree-seeking students,” said Doug Shapiro, executive director of the National Student Clearinghouse Research Center. Only community colleges notched enrollment gains in the current semester, while enrollments in

Rep. John Larson, D-Conn., leaves the Capitol after the final votes of the week on Feb. 28, 2019. Bill Clark | CQ-Roll Call Group | Getty Images House Democrats on Tuesday slammed Republicans for putting Social Security benefits at risk amid an ongoing federal debt ceiling stalemate, while also re-upping a plan that aims to

Amid concerns about the U.S. economy and the possibility of a recession, most retirement savers want some sort of assurance they won’t outlive their nest eggs, recent reports show. As a result, demand for annuities, which offer a guaranteed stream of monthly income like Social Security and pensions, has soared. Now, more than half, or 54%,

In this article EOCW Follow your favorite stocksCREATE FREE ACCOUNT When it comes to managing money, women face unique challenges. Women tend to live longer than men, which means they need their money to last for a longer period of time, according to Kamila Elliott, a certified financial planner and co-founder and CEO of Collective

Monthirayodtiwong | Istock | Getty Images If you’re boosting your emergency fund or saving for a short-term goal, a certificate of deposit ladder, or CD ladder, may help you capture higher yields amid interest rate uncertainty. After a series of interest rate hikes from the Federal Reserve, options for cash, such as high-yield savings, Treasury

Marc Debnam | Getty Images Weddings are expensive, and not just for the bride and groom. As more couples choose to go all out on their nuptials, the average guest will spend $611 on travel and accommodations, gifts and special-occasion attire and preparation this year, according to a recent report by Bankrate.com. Wedding gifts alone

In this article EOCW Follow your favorite stocksCREATE FREE ACCOUNT Even as inflation shows signs of cooling, some investors may be fearing the worst about a potential looming economic downturn. A recent survey from Nationwide finds more than two-thirds of respondents — 68% — expect a recession within the next six months. Meanwhile, 62% of

More than 4 million new college graduates will head out into the world this month, but it could be years before they pay their own own way. Most people feel like a grownup by the time they’re 18 — and certainly once they have a college degree — but many young adults do not become