Personal finance

Republican vice presidential nominee, U.S. Sen. JD Vance speaks at a campaign rally at Radford University on July 22, 2024 in Radford, Virginia. Alex Wong | Getty Images News | Getty Images Many voters ages 50 and up say two issues — Social Security and Medicare — could decide how they cast their ballots this November.

Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida.  Giorgio Viera | Afp | Getty Images A dockworker strike at seaports along the U.S. East and Gulf coasts is expected to cause massive problems for global supply chains and the economy. American consumers will likely

Mike Spiering holds Francesca Spiering as he stands in the flood water around his home after record rains fell in the area on April 13, 2023 in Hollywood, Florida. Joe Raedle | Getty Images The cost of insuring your most expensive assets has skyrocketed. While overall inflation has slowed, insurance costs are taking a bigger

Jasondoiy | E+ | Getty Images As a financial advisor mom of three kids, I know well the power of compounded interest and the value of early work experience and learning to save and invest for yourself.  My kids — ages 15, 12 and 11 — have been tutoring, filing, shredding, sweeping, and even researching

The first debate between Vice President Kamala Harris and former President Donald Trump is shown on television at the Juventud 2000 migrant shelter in Tijuana, Mexico, on Sept. 10, 2024. Immigration has been a hot topic throughout the presidential campaign. Carlos Moreno/NurPhoto via Getty Images The idea that immigration has a negative impact on the

PeopleImages Progress toward narrowing the gender pay gap has mostly stalled, in part due to something researchers call the “gender promotion gap.” “Women have noticeably lower promotion rates compared to men in the same firm, in approximately the same position,” Kelly Shue, a professor of finance at Yale School of Management, said at CNBC’s Women &

Skynesher | E+ | Getty Images When a Social Security beneficiary dies, their loved ones may qualify for a one-time $255 lump-sum death payment. Yet that amount has not changed in 70 years — since 1954 — while inflation has pushed the costs for funerals higher. On Wednesday, Sen. Peter Welch, D-Vt., introduced a new

From putting your toddler children on your payroll to claiming your car as a business expense, TikTok is chock-full of potentially bad money advice. Yet, financial TikTok, also known as #FinTok, is one of the most popular sources for financial information and tips, particularly among Generation Z. Now, 27% of social media users say they have

Thomas Barwick | Digitalvision | Getty Images Big changes may be ahead for the U.S. economy between now and the end of the year. Investors can get ahead of those changes by taking steps to prepare now, experts say. The Federal Reserve last week slashed interest rates by 50 basis points, in a move expected

Catherine Mcqueen | Moment | Getty Images After years of higher yields on cash, the Federal Reserve’s shifting policy means lower future returns on savings, certificates of deposit and money market funds. Despite falling rates, investors should still keep emergency funds “liquid,” meaning the cash can be easily tapped, financial experts say. Advisors typically suggest

By some measures, retirement savers, overall, are doing well. As of the second quarter of 2024, 401(k) and individual retirement account balances notched the third-highest averages on record, helped by better savings behaviors and positive market conditions, according to the latest data from Fidelity Investments, the nation’s largest provider of 401(k) savings plans. The number of 401(k)

In this photo illustration a man looks at the post by Taylor Swift endorsing Democratic Presidential candidate Kamala Harris on the online social media and social networking site Instagram displayed on a smart phone on September 12, 2024 in Bath, England.  Matt Cardy | Getty Images News | Getty Images The stigma of the “childless