Insta_photos | Istock | Getty Images If you’re getting close to retirement age, there are some upcoming changes enacted as part of a government funding bill that may be of interest to you. Dozens of retirement-related provisions known as Secure 2.0 were included in an omnibus appropriations package that cleared Congress last week. While the
Personal finance
Catherine Mcqueen | Moment | Getty Images It will soon be easier for cash-strapped Americans to tap their retirement savings for emergency expenses. President Joe Biden is poised to sign a $1.7 trillion bill that amends rules related to so-called hardship distributions from 401(k) plans. The measures are tucked into “Secure 2.0,” a collection of
Chandra Sahu, 25, left a job in investment banking during the so-called Great Resignation last year, eager to find work that offered more flexibility. The New York City resident said she looked for work that fulfilled her “top priorities,” allowing her to demonstrate her “agency and creativity,” and landed at a startup. “I wanted to
Preaching a message of financial education and financial freedom, John Hope Bryant is galvanizing America’s top business leaders in the battle for “silver rights,” a term he coined to describe the economic empowerment of minority and low-income communities. “I don’t know about you, but I’m sick and tired of being sick and tired,” Bryant said
Mt. Fuji and Tokyo skyline, Japan. Jackyenjoyphotography | Moment | Getty Images Americans are poised to travel overseas in a big way in 2023. Households are continuing to unleash two or three years’ worth of pent-up demand as Covid-19 fears wane and the last vestiges of pandemic-era border restrictions have eased. The U.S. dollar also
Parents and children participate in a demonstration organized by the ParentsTogether Foundation in support of the child tax credit portion of the Build Back Better bill outside of the U.S. Capitol on Dec. 13, 2021. Sarah Silbiger | Bloomberg | Getty Images Washington lawmakers are rushing to get as much done as possible before the
Michael Godek | Moment | Getty Images Three years after the Secure Act of 2019 ushered in the first major changes to the U.S. retirement system in more than a decade, more modifications are now on their way. Dozens of retirement-related provisions collectively known as “Secure 2.0” are included in a $1.7 trillion omnibus appropriations
Credit scores play a key role in your financial life. Generally speaking, the higher your credit score, the better off you are when it comes to getting a loan. And yet, many Americans make the same common mistakes with credit, putting their future financial well-being at risk. As interest rates rise at the steepest annual pace ever,
Advocates, legislators, and pregnant workers rally on Capitol Hill in support of The Pregnant Workers Fairness Act on Dec. 1 in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images Mothers and moms-to-be are poised to get new workplace protections, thanks to two amendments included in the $1.7 trillion federal government spending package
Svetikd | E+ | Getty Images The IRS has delayed, for a year, when payment services such as Paypal and Venmo and e-commerce companies such as eBay, Etsy and Poshmark will have to issue tax forms to individuals whose business transactions through those platforms exceed $600. The agency on Friday said that such third-party platforms won’t have
Student loan borrowers protest the GOP outside the Republican National Committee’s offices in Washington, D.C,. for denying student loan relief to 40 million borrowers on Nov. 18, 2022 Paul Morigi | Getty Images Entertainment | Getty Images Two of the legal challenges brought against President Joe Biden‘s student loan forgiveness plan have reached the U.S.
Morsa Images | Stone | Getty Images Retirement accounts are meant to fund your lifestyle in later years — and raiding them early generally comes with a stiff financial penalty. But there are some situations in which account owners — both those with savings in individual retirement accounts and workplace plans like a 401(k) —