In this article FIS Follow your favorite stocksCREATE FREE ACCOUNT Months of market swings have taken a heavy toll on retirement savers. The average 401(k) balance sank for the third consecutive quarter and is now down 23% from a year ago to $97,200, according to a new report by Fidelity Investments, the nation’s largest provider
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Bloodua | Istock | Getty Images With the legal blows to President Joe Biden’s student loan forgiveness plan mounting, it’s possible that the administration could extend the payment pause on the monthly bills yet again, experts say. “I’m sure they have to be considering it as an option,” said Scott Buchanan, executive director of the
Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2020. Paul Morigi | Getty Images Entertainment | Getty Images Student loan default rates could dramatically spike if the Biden administration’s loan forgiveness plan is blocked, a top official at the U.S. Department of Education said
In an economy that has produced the highest inflation rate since the early 1980s, Americans are struggling to keep up with day-to-day expenses. More consumers are now relying on credit cards to get by, which has helped propel total credit card debt to $930 billion in the third quarter, just shy of the all-time record, according to
Marcos Elihu Castillo Ramirez | iStock | Getty Images For some individuals, signing up for Medicare hasn’t translated into coverage starting right away. That’s poised to change: Beginning next year, current months-long delays in certain Medicare enrollment situations will be eliminated. Additionally, would-be beneficiaries who missed signing up when they were supposed to due to
Thomas Barwick | Digitalvision | Getty Images If you haven’t filed a 2021 federal tax return, there may be a chance you could be missing out on some generous tax credits. A simplified filing tool — GetCTC.org — will let you submit your information in order to receive any money due to you. But you
Getty Images That offer for a store credit card may sound tempting as you’re shopping this holiday season. But you may want to think twice before you accept. related investing news Bank of America says Hasbro could fall 34% due to company ruining ‘Magic: The Gathering’ card game Alex Harring a day ago As the
An ‘open house’ flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison Dinner | Getty Images There are signs inflation may fall further in coming months, but housing threatens to mute any improvement. The consumer price index, a key barometer of inflation, rose 7.7% in October from
MStudioImages | E+ | Getty Images If you’re one of the masses of new Series I bond owners, there are a few things to weigh before cashing in your assets, experts say. Investors purchased nearly $7 billion in I bonds in October, according to the U.S. Department of the Treasury, with $979 million flooding into
High-profile layoffs at Meta and Twitter and planned cuts at Disney have heightened concerns on the part of managers and senior executives at employers nationwide who are struggling with how to lead a team through a round of corporate downsizing. How a company handles a layoff can have a major impact on its future success.
ronnachaipark | iStock | Getty Images Health-care expenses can often be unpredictable and unwelcome. However, depending on your situation, there may be strategies you can employ that make those outlays a bit less financially painful. Because some of them involve taxes, experts say they shouldn’t be viewed in a vacuum. In other words, you may
Jbyard | Istock | Getty Images When President Joe Biden announced over the summer a sweeping plan to forgive student debt, millions of Americans celebrated the fact their financial situation looked like it would soon improve. But now the Biden administration finds itself unable to start delivering its relief because of a court-ordered stay of