The Social Security Office in Alhambra, California. Mario Anzuoni | Reuters As Washington and Beijing face off on tariffs, there could be one unseen group affected: retirees. The Senior Citizens League, a nonpartisan group advocating for seniors, on Tuesday released its latest report on the buying power of Social Security benefits. The group also projected
Personal finance
Your 30s are all about balance. Your career is starting to take off. You’re earning more, but then your expenses are likely be higher. You may be buying a house and starting a family, and neither of those is a cheap undertaking. You need to balance income against expenses, and you need to start adjusting
Thanagon Karaket / EyeEm | EyeEm | Getty Images If you’re having a hard time building a six-month emergency fund, you might want to rethink where you live. A new study from personal finance website Bankrate took a look at the cities where it is most difficult or easy to stash away cash in case
DOMINIC LIPINSKI | Getty It’s official: Baby Sussex has greeted the world and the royal family. And he will eventually have to say hello to Uncle Sam. The first child of the Duke and Duchess of Sussex — Archie Harrison Mountbatten-Windsor — made his world debut on Monday and his first public appearance on Wednesday.
Several months ago, pharmacy technician Curtis Webb thought his credit score was high enough to help him snag good terms on a mortgage. “It was close to 730. I thought it would help me get a good interest rate,” said Webb, 27, a Utah resident. “Then the lender came back with my actual score. I
Investing isn’t just a man’s game. Financial equality and independence are just as important for women. And for those women looking to seek a life of prosperity and build wealth, having the right investing skills is the key. Many women may think they lack the knowledge and insight necessary to grow their money with investments.
Lawmakers have introduced a bill that would make it easier for student loan borrowers to cancel their debt in bankruptcy. The measure, which is supported by 14 Democrats, one Republican and one independent, is dubbed the Student Borrower Bankruptcy Relief Act of 2019. “Americans struggling financially should have the option to discharge their student loans
There’s no doubt that college is expensive. Tuition and fees for a four-year private college averaged $35,830 in 2018-19; at four-year in-state public colleges, it was $10,230, according to the College Board. And that doesn’t count room and board or other expenses. Few families have the cash to cover it, and that’s where borrowed money
If community college is in the cards for your high school senior, don’t wait until the fall to prepare. Having the right strategy going before starting on that path to an associate’s degree can help your child finish his education on time or make a successful transfer to a four-year college. “For the 17-year-old whose
In the ongoing battle between President Donald Trump and the Federal Reserve over interest rates, it’s consumers that are caught in the middle. The Fed has already hiked its benchmark rate nine times since December 2015. In March, it indicated that it is likely done with increases for the rest of 2019 despite previously forecasting
Amid stock market volatility, the default advice is often to do nothing. However, it can be helpful to turn your attention to your own timeline. It’s been a rough month for stocks. The Dow Jones Industrial Average has fallen more than 650 points as of the Thursday market close, while the S&P 500 has lost
As millennial women enter their 30s, demand for customized and affordable egg freezing services is spiking. The biggest question women have? How to pay for it. On average, women spend $15,000 to $20,000 per cycle and opt for two cycles, according to Fertility IQ, , a digital database for information about fertility benefits and treatments.
If there’s only one concept you need to know when saving for retirement, it’s this: compound interest. With compounding, you make money on your money. You make interest on your interest. With compounding, the returns start small, but get bigger over time. Much bigger. And it’s the secret to growing your retirement dollars. Here’s how
The interest rates on federal student loans will go down next academic year. The government sets the annual rates on those loans once a year, based on the 10-year Treasury note, which has also been on the decline. The interest rate on new undergraduate Stafford loans will be 4.5% for the 2019-2010 academic year, down
Hussey & Hussey Photographers | The Image Bank | Getty Images When my wife and I were expecting the birth of our daughter, we decided she would quit her job in the financial services industry and stay home. In the months leading up to the birth, we saved more than $8,000 from her job before
Caiaimage/Robert Daly | Getty Images When it comes to Social Security, one small mistake can botch a lifetime’s worth of income. As tempting as it may be to claim your retirement benefit as soon as you’re eligible at age 62, choosing to do so could put a dent in your cash flow. Few people seem
Tesla Model 3 Silas Stein | picture alliance | Getty Images If you’re thinking of switching to an electric vehicle, chances are that you have considered a Tesla. The debut of the Model 3 — which starts at $35,000 — is Tesla’s most affordable model. And it has many individuals wondering if they want to
Nils Hendrik Mueller | Cultura | Getty Images There’s no place like home. In retirement, that’s not always the case. Lured by better weather, lower taxes or an improved quality of life, some seniors would still prefer to relocate. More often than not, that means moving to a state like Florida, Arizona or the Carolinas,
Ariel Skelley/Getty Images If you want a job in a growing field with high pay and low stress, you should probably like math, numbers and data. Of the 10 best jobs for 2019 — based on income, anticipated growth rate, work environment and stress — five are in mathematical sciences, according to a new report
Image Source | Getty Images Nobody likes writing a check every month. The joy of that new car quickly gives way to monthly misery — especially when the size of the check is sometimes equivalent to the size of a mortgage payment. Americans are carrying an increasing amount of auto debt, according to the Federal