Month: February 2023

Tim Bieber | Photodisc | Getty Images Amid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers a guaranteed income stream. Buyers funneled $310.6 billion into annuities in 2022, according to estimates published by Limra, an insurance industry trade
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Douglas Rissing | Istock | Getty Images Shortly after President Joe Biden announced an unprecedented plan to cancel hundreds of billions of dollars of the country’s outstanding federal student loan debt, the legal challenges piled up. Republicans and conservative groups have now brought at least six lawsuits against the president’s plan, arguing it is harmful
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Updated for tax year 2022. There’s no doubting it — having kids is expensive. Between paying for diapers, daycare, and many other baby supplies, new parents can quickly find themselves overwhelmed financially. Fortunately, several tax advantages are available to parents to alleviate some financial responsibility. 1. Child Tax Credit The Child Tax Credit (CTC) is
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