MStudioImages | E+ | Getty Images If you’re looking for a relatively safe place for cash, Treasury bills have recently become more attractive, experts say. Backed by the U.S. government, Treasury bills, or T-bills, have terms ranging from four weeks up to 52 weeks, and investors receive interest when the asset matures. Over the past
Personal finance
Citing inflationary pressures and sinking enrollment, more colleges are set to close in 2023. Already, Presentation College in Aberdeen, South Dakota; Cazenovia College in Cazenovia, New York; Holy Names University in Oakland, California; and Living Arts College in Raleigh, North Carolina, announced they will shut down after the current academic year. The consequences of fewer students and less
Pixelfit | E+ | Getty Images Falling behind on federal student loans is likely to trigger other major financial consequences for borrowers, according to new research by The Pew Charitable Trusts. More than 80% of borrowers who experienced default stated that they’d faced at least one additional consequence as a result. The most common impact
Many Americans are feeling increasingly cash-strapped. An extra paycheck next month could help. If you are a W-2 employee and get paid biweekly, there are two months out of the year when you will receive three paychecks instead of the usual two. Depending on your pay schedule, your first three-paycheck month in 2023 could be
Skynesher | E+ | Getty Images The pandemic-relief policy suspending federal student loan payments has now been extended eight times and spanned nearly three years. When will the payments actually resume? It’s still uncertain. Experts say the Supreme Court hearings on Feb. 28 over President Joe Biden’s student loan forgiveness plan will solidify the timeline.
Urbazon | E+ | Getty Images Democratic lawmakers in Washington are renewing a proposal to give every American child $1,000 at birth. The “baby bond” funds, called American Opportunity Accounts, would then be topped off with up to $2,000 per year, depending on a family’s income. The accounts would be federally insured and managed by
Westend61 | Westend61 | Getty Images Eager to take advantage of Presidents’ Day sales, many shoppers may not realize how much holiday discounts on a range of items – from mattresses to home appliances and electronics to new cars – could really cost them. “Consumers should look closely at the fine print and long-term financial
dowell | Moment | Getty Images If you’re looking for ways to trim your yearly tax bill, experts may check your portfolio, since some assets are more likely to trigger taxes in certain accounts. Your 401(k) account offers tax-deferred growth, meaning you won’t owe levies on yearly income, such as dividends and capital gains. By
In this article LNC CVNA AUTO-GB CARS Follow your favorite stocksCREATE FREE ACCOUNT Craig Stowell loves what he does for a living. He gets to follow his passion and go car shopping as a profession. Stowell owns Flying Wheels, a car dealership in Danville, New Hampshire. The business, which is valued at an estimated $3
SDI Productions Despite the cooling market, many homeowners made money selling their property in 2022 — and part of that windfall may be taxable. Home sellers made a $112,000 profit on the typical sale in 2022, a 21% increase from 2021, and a 78% jump from two years ago, according to ATTOM, a nationwide property
A gas station in Arlington, Virginia. Xinhua News Agency | Xinhua News Agency | Getty Images New government data for January shows high inflation has continued into the new year. That has some economists worried high prices may prove to be sticky, even as the Federal Reserve works to slow inflation by raising interest rates.
Olezzo | iStock | Getty Images There’s no question 2022 was a rough year for investors. With record-high inflation, economic uncertainty and aggressive interest rate hikes from the Federal Reserve to combat rising prices, stocks took a beating. All three of the major indexes had their worst year since 2008: The S&P 500 Index dropped