Personal finance

Students participate in the Global Climate Strike march in New York City. Johannes Eisele | Afp | Getty Images As the bull market flourished in 2021, many investors took a shine to investments that reflected their values. Environmental, social and corporate governance — or ESG — investments attracted record levels of new assets. Last year,

Thomas Barwick Finding a broker or financial advisor you can trust may, at times, seem a daunting task. That’s especially true when investors see sensational stories of brokers fleeing the police in an underwater getaway or faking their death in an airplane crash. Then there are the high-profile fraudsters such as Bernie Madoff, who masterminded

Valentyn Semenov / Eyeem | Eyeem | Getty Images While many filers dread tax season, Americans living abroad face even bigger yearly burdens – and those are frustrating enough that some want to ditch their U.S. citizenship. Roughly 1 in 4 American expatriates is “seriously considering” or “planning” to renounce their U.S. citizenship, according to

Michigan Gov. Gretchen Whitmer addresses the state during a speech in Lansing, Michigan on Oct. 8, 2020. Michigan Office of the Governor via AP Michigan is now officially the 14th state in the U.S. to guarantee that its students have access to a personal finance education course before high school graduation. On Thursday, Gov. Gretchen

Nosystem Images | E+ | Getty Images The latest stock market decline may be troublesome if you’re relying on a now-smaller 529 plan balance to cover college tuition this fall. But crafting a multi-year tax strategy may be one way to lighten the burden, experts say. The major stock market indexes have seen double-digit losses

Fg Trade | Istock | Getty Images For consumers in search of an affordable new car, there’s little relief on the horizon. The monthly costs to finance a vehicle purchase have hit record highs. Consumers face monthly payments averaging $656 for a new car, financed at 5.1% over 70.5 months (nearly six years), according to

Getty Images The first half of 2022 has been a whirlwind for investors and financial advisors amid high market volatility. As they brace themselves for the second half of the year, a key way for them to succeed will be rebalancing, Omar Aguilar, CEO and CIO at Schwab Asset Management said at the CNBC Financial

The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters The Federal Reserve on Wednesday hiked its benchmark interest rate by 0.75 percentage points, the largest increase in nearly three decades. It’s the latest move from the U.S. central bank to combat the highest inflation in roughly 40 years, which

In this article UAL AAL Realpeoplegroup | E+ | Getty Images As fears grow that the U.S. economy is headed for a recession, a number of companies have announced massive waves of layoffs. It’s a stark reversal after a year or more of mass voluntary resignations and job switching amid plentiful employment opportunities nationwide, in

Blackcat | E+ | Getty Images You may get a nasty surprise when you open your next 401(k) statement. These statements generally arrive each quarter, either online or by mail. They provide basic information to savers about their investments and the size of their nest egg, for example. Starting in a few weeks, the notices

Traders work on the floor of the New York Stock Exchange (NYSE) on June 10, 2022 in New York City. Spencer Platt | Getty Images Stocks fell into a so-called bear market on Monday, after an intense sell-off that saw the S&P 500 Index shed 3.9% and fall to its lowest level since March 2021.

“I’m telling my clients to be very defensive,” said certified financial planner Ivory Johnson, founder of Delancey Wealth Management in Washington, D.C. Flamingoimages | Istock | Getty Images Financial advisor Ivory Johnson doesn’t sugarcoat what’s unfolding in the stock market and economy for his clients. “It’s a very bad time,” said Johnson, a certified financial

The U.S. Securities and Exchange Commission headquarters in Washington on Feb. 23, 2022. Al Drago/Bloomberg via Getty Images Charles Schwab agreed to pay $187 million to settle an SEC investigation into alleged hidden fees charged by the firm’s robo-advisor, Schwab Intelligent Portfolios, according to an agency announcement on Monday. “Robo-advisor” is shorthand for a digital

Piksel | Istock | Getty Images Many people who have turned to Social Security for help in recent years have found long waits for service. The pandemic made those delays worse. But the issue actually dates back to before the onset of Covid-19. Congress has cut Social Security’s core operating budget by 17% since 2010,

Cleve Mesidor. Tom Williams | Cq-roll Call, Inc. | Getty Images Cleve Mesidor was working in the Obama administration in 2013 when she first heard about bitcoin. From the beginning, the concept excited her. Within a few years, she’d leave politics and enter the cryptocurrency space with a mission to make the new financial world

A man shops for meat at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images The highest inflation in roughly 40 years is prompting people to shift their shopping habits, especially at the grocery

Prathanchorruangsak | Istock | Getty Images Maxing out your 401(k) isn’t easy, but if you reach the limit with money to spare, there may be a way to save more.  In 2022, employees can defer $20,500 plus $6,500 for investors 50 and older. However, after-tax contributions may bypass those caps up to $61,000, including company

Prasit photo | Moment | Getty Images If you are ready to jump into the market, there are a few things experts want you to know. Investing is a great way to grow wealth, but you have to be smart about it, said certified financial planner Cathy Curtis, founder and CEO of Curtis Financial Planning

Westend61 | Westend61 | Getty Images Many workers are finding themselves in an office less often than before the pandemic, and some haven’t gone back at all. So what to do with all those office clothes hanging in your closet? Here are some ideas. Get cash for your clothes You can sell your work clothing

Jamie Linton landed a job in marketing before she graduated from University of Tampa in May. Jamie Linton Jamie Linton just graduated into a job market that hasn’t been seen in generations. Despite rumblings about a possible recession down the road, job openings are still near all-time highs. Millions of workers have walked away from