Personal finance

Morsa Images | Digitalvision | Getty Images Retirees who are worried about the high costs of prescription drugs are set to get new relief starting in 2025. Starting in January, Medicare drug plan enrollees will have their annual out-of-pocket drug costs capped at $2,000. Between 2025 and 2029, on average, about 1.4 million participants in
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Jamie Grill | Getty Images It may not be the season’s new hot toy, but gifting a child money toward college could have a more lasting impact. Daniel Trujillo, 39, a certified public accountant in Albuquerque, New Mexico, said he was blown away when his friend suggested putting money into a college savings account in
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The U.S. Department of Education announced additional details about the rollout of the new Free Application for Federal Student Aid for the upcoming year, which may address some of the issues that plagued last year’s college aid application cycle. The 2025-26 FAFSA will be available to limited groups of students in a series of beta
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Images By Tang Ming Tung | Digitalvision | Getty Images Employers are increasingly putting workers’ 401(k) plan savings on autopilot. But the positive impact of automated retirement savings is more muted than initially thought, new research finds. Previously “underexamined” factors — like workers cashing out 401(k) balances when they leave a job — “meaningfully reduce”
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PN_Photo | Getty Images So far, 2024 has been a huge year for data breaches. There had already been more than 1 billion personal records compromised before the National Public Data breach that has been making headlines, according to Michael Bruemmer, head of global data breach resolution at consumer credit reporting company Experian. National Public
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A Dollar General store in Germantown, New York, on Nov. 30, 2023. Angus Mordant/Bloomberg via Getty Images Three of the nation’s largest retailers — Dollar General, Dollar Tree and Kroger — charge fees to customers who ask for “cash back” at check-out, amounting to more than $90 million a year, according to the Consumer Financial
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Without financial aid, the price tag at some four-year colleges and universities — after factoring in tuition, fees, room and board, books, transportation, and other expenses — is now nearing $100,000 a year. But even though college is getting more expensive, students and their parents rarely pay the full amount. Aside from their income and savings, most families rely on
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Source: Getty Images During a strong year for the stock market, a lesser-known strategy could help rebalance your portfolio and save on future taxes. The tactic, known as tax-gain harvesting, involves strategically selling your profitable brokerage account assets during lower-income years. That could include early years of retirement or periods of unemployment. As of Aug.
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