Carlos Barquero | Moment | Getty Images Stock market volatility and talk about a possible recession may have people anxious about investing. However, that shouldn’t dissuade anyone from trying to build wealth, whether you are just starting out in your career, are middle-aged or are nearing retirement. “We can’t predict the future, but by thoughtful
Personal finance
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters The IRS on Thursday released a plan for the nearly $80 billion in agency funding enacted through the Inflation Reduction Act in August — including expected boosts for customer service, technology and enforcement. “Now that we
Nicolas Economou/NurPhoto via Getty Images Travel to many European nations looked like a bargain heading into summer and fall last year thanks to a favorable exchange rate for American tourists. But the U.S. dollar has weakened considerably against the euro in recent months. As a record number of Americans are expected to travel abroad this
Nicole Chung Source: Carletta Girma In author Nicole Chung’s new memoir, “A Living Remedy,” she tells the story of watching both her parents die in the span of two years. It was all the more painful because of her mother and father’s inability to afford the medical treatments they needed. Chung blames the country’s broken
Greg Blomberg | EyeEm | Getty Images Americans traveling abroad may need to wait more than four months for a new passport — and delays are likely to worsen as the busy summer travel season approaches. That means international travelers should act soon if they’re planning a trip later this year or in 2024, travel
AscentXmedia | E+ | Getty Images Social Security and Medicare face an uncertain future, based on new annual reports from the programs’ trustees that were released last week. “Insolvency is in the near horizon,” said Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget, during a panel hosted by the non-partisan,
The disparity in wealth between Black and white households in the U.S. — referred to as the racial wealth gap — has paved the way for a significant retirement savings shortfall that is only growing, according to Thasunda Brown Duckett, president and CEO of TIAA. “There is a real problem,” she said Tuesday in a conversation with
Ijeab | Istock | Getty Images As families try figure out how to pay for their children’s college costs in the fall, scholarships are an important avenue to explore. “Every dollar won in a scholarship could potentially eliminate a dollar borrowed for the student,” said Elaine Rubin, director of corporate communications at Edvisors. More than
Westend61 | Westend61 | Getty Images The job market continued a gradual cooling in February but largely remains advantageous for workers, according to labor data issued Tuesday. Job openings, a barometer of employer demand for workers, fell by 632,000 to 9.9 million in February — the lowest level since May 2021, according to the Bureau
On the heels of the Great Resignation, some workers are even more motivated to leave their job in search of a better work-life balance. To that point, 56% of the workforce is likely to look for a new job in the year ahead, up from 51% in 2022, according to Bankrate’s 2023 job-seeker survey. In
Aaronamat | Istock | Getty Images Over the last 15 years or so, the interest rates you could earn on your cash were very low. And while the Federal Reserve has changed that with a recent series of interest rate hikes aimed at combating high inflation, many savers still do not know they could be
Chuyn | Istock | Getty Images If you’ve dreamt of working or retiring abroad, you may be tempted by the possibility of cheaper housing or healthcare. But there are some things to consider before making the jump. Jude Boudreaux, partner and senior financial planner with The Planning Center in New Orleans, works with several expat