Personal finance

President Joe Biden signed a $1.7 trillion legislative package on Dec. 29, 2022 that has several updates for retirement savers. Drew Angerer | Getty Images News | Getty Images A new law is changing rules governing how and when certain retirement savers can withdraw money from their nest eggs. Tax-advantaged accounts earmarked for people’s golden

Valentinrussanov | E+ | Getty Images As the Federal Reserve continues to hike interest rates, you may assume you’re earning more on the money in your savings account. But that may not be the case. Carolyn McClanahan, a certified financial planner at Life Planning Partners in Jacksonville, Florida, was recently surprised when a client told

FatCamera | E+ | Getty Images Anyone without health insurance has about two weeks left to get 2023 coverage through the public marketplace — and subsidies could make it affordable. Open enrollment for the federal health care exchange runs through Jan. 15, with coverage taking effect Feb. 1. (If your state has its own exchange,

Malerapaso | Istock | Getty Images With the national average interest rate on credit cards at historic highs, many Americans are being dinged with higher monthly charges than ever on on their balances. As a result, they may be wondering if it’s a good idea to tap their retirement savings to pay off the debt.

Olivier Douliery | AFP | Getty Images Winning $640 million wouldn’t be a bad way to close out the year. That’s the Mega Millions jackpot amount for the next drawing, which is set for Friday night. The top prize has been growing since Oct. 14 when it was reset to $20 million after two tickets

Xavier Lorenzo | Moment | Getty Images When it comes to financial resolutions for 2023, there’s one goal at the top of many people’s lists: building an emergency fund. A recent survey from Personal Capital found that 31% of respondents want to increase their emergency savings, topping other goals like purchasing a car, with 15%;

D3sign | Moment | Getty Images The surge in egg prices has stood out in a year when Americans saw their bills balloon across the grocery store. Average egg prices jumped 49.1% in November compared with those a year earlier — the largest annual percentage increase among all grocery items in that period, according to

Creatas | Creatas | Getty Images It’s been a strange time for people with federal student loans. The bills have been on pause for nearly three years, and we still don’t know exactly when they’ll resume. President Joe Biden in August announced that he would be forgiving up to $20,000 for tens of millions of

bymuratdeniz | E+ | Getty Images For retirees, a new year means adjusting to changes in a variety of Medicare costs, including premiums, deductibles and copays. For 2023, some of those costs will be higher than they were this year, while others are going down. Although each change doesn’t necessarily involve a huge dollar amount,

Daniel De La Hoz | Istock | Getty Images If the Supreme Court decides to strike down President Joe Biden’s student loan forgiveness plan, it will be a bigger loss for some groups than others. That’s because the $1.7 trillion education debt crisis has hit certain populations especially hard. Since Biden unveiled his plan to cancel

The $1.7 trillion federal spending bill includes a new change that will curb the abuse of tax incentives for land conservation. Pictured, Montana. Mike Kemp | In Pictures Ltd. | Corbis Historical | Getty Images The $1.7 trillion federal spending bill includes a change designed to curb the abuse of tax incentives for land conservation.

In this article EFX Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Bloomberg | Getty Images Cash payments that were approved as part of Equifax‘s settlement over its 2017 data breach are now reaching consumers. The money — which comes from a $425 million consumer restitution fund created as part of the settlement — began

In this article TREE Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians view the holiday windows at a store in New York on Dec. 2, 2021. Christopher Occhicone | Bloomberg | Getty Images High inflation and rising interest rates mean holiday shoppers who turned to credit cards and other methods of borrowing are left with bigger

Catherine Mcqueen | Moment | Getty Images It will soon be easier for cash-strapped Americans to tap their retirement savings for emergency expenses. President Joe Biden is poised to sign a $1.7 trillion bill that amends rules related to so-called hardship distributions from 401(k) plans. The measures are tucked into “Secure 2.0,” a collection of

Hispanolistic | E+ | Getty Images If you’re worried about getting a tax form from payment apps like Venmo or PayPal, you’re now less likely to receive one for 2022 — thanks to a change from the IRS. The agency on Friday announced a one-year delay for a new tax reporting rule, requiring payment services

Buying a used car has typically been considered a smart way to save by avoiding the steep depreciation costs that go hand in hand with new cars. However, a limited supply of new cars and trucks due to the ongoing chip shortage caused demand for used cars to skyrocket, pushing prices much higher and reducing

Chandra Sahu, 25, left a job in investment banking during the so-called Great Resignation last year, eager to find work that offered more flexibility. The New York City resident said she looked for work that fulfilled her “top priorities,” allowing her to demonstrate her “agency and creativity,” and landed at a startup. “I wanted to

Preaching a message of financial education and financial freedom, John Hope Bryant is galvanizing America’s top business leaders in the battle for “silver rights,” a term he coined to describe the economic empowerment of minority and low-income communities. “I don’t know about you, but I’m sick and tired of being sick and tired,” Bryant said

Parents and children participate in a demonstration organized by the ParentsTogether Foundation in support of the child tax credit portion of the Build Back Better bill outside of the U.S. Capitol on Dec. 13, 2021. Sarah Silbiger | Bloomberg | Getty Images Washington lawmakers are rushing to get as much done as possible before the

Student loan borrowers protest the GOP outside the Republican National Committee’s offices in Washington, D.C,. for denying student loan relief to 40 million borrowers on Nov. 18, 2022 Paul Morigi | Getty Images Entertainment | Getty Images Two of the legal challenges brought against President Joe Biden‘s student loan forgiveness plan have reached the U.S.