In this article AMZN seksan Mongkhonkhamsao | Moment | Getty Images Whether you typically receive a tax refund or a bill, there’s still plenty of time to improve next year’s filing, experts say. Tax reviews are like twice-annual dentist visits, said certified financial planer Jim Guarino, managing director at Baker Newman Noyes in Woburn, Massachusetts.
Personal finance
Getty Images The demand for Series I bonds, an inflation-protected and nearly risk-free asset, has skyrocketed as investors seek refuge from soaring prices and stock market volatility. While annual inflation rose by 8.6% in May — the highest rate in more than four decades, according to the U.S. Department of Labor — I bonds are
Spxchrome | E+ | Getty Images Your company is switching its 401(k) provider. What should you do? At a high level, what this means is your employer chose a new firm to administer and keep records for its company-sponsored retirement plan. These firms track details for employees like total savings, contributions, trades, investments, holdings and
Romolotavani | Istock | Getty Images As talk about the possibility of a recession heats up, so may your anxiety. While a downturn is not a foregone conclusion, some experts have recently boosted the odds of a recession happening in the near-term. Citigroup, assessing global economic growth over the next 18 months, sees a 50%
In this article AMZN As Amazon gears up for Prime Day on July 12 and 13, shoppers may be less enthusiastic this year about the big annual sale. “The explosive sort of growth year over year that we’ve seen with Prime Day, we may not see that any longer,” said Nathan Burrow, senior deals editor at Wirecutter.
A Social Security Administration office in San Francisco. Getty Images The clock is ticking when it comes to implementing changes to shore up Social Security’s funds, which will not be able to pay full benefits in 13 years’ time. Potential voters are aware of the program’s woes, according to a June survey by Social Security
Momo Productions | Digitalvision | Getty Images The number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according to federal data issued Friday, underscoring the strength of the labor market and the bargaining power of workers. There were
Courtneyk | E+ | Getty Images Over the past few years, there’s been no shortage of ways to give to charity. And there’s a special tax break for retirees who transfer funds from individual retirement accounts. Individual Americans donated an estimated $326.87 billion to charity in 2021, a 4.9% rise compared to the prior year,
Whether it’s an effort to support women’s rights or gun control, fight climate change or help Ukrainian refugees, more Americans are giving to charity this year in response to global challenges. However, there are just as many scammers trying to capitalize on the current environmental, social and geopolitical unrest. “Any time there’s something that is in
Skynesher | E+ | Getty Images It’s likely no surprise to hear that prices have been rising across the U.S. economy, whether at the grocery store or the gas pump. But just how much have your personal household costs increased, and how does that stack up against the average American’s? Calculating your personal inflation rate
Mixetto | E+ | Getty Images Workers are still reaping the benefits of a hot job market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to U.S. Department of Labor data issued Wednesday. The numbers reveal that the pandemic-era trend known as the “Great Resignation” is still in
designer491 | iStock | Getty Images With the threat of a recession looming, more financial experts are sharing how to prepare — including how much cash it may be smart to set aside. The end of June marked a turbulent six months for the S&P 500 Index, which dropped by more than 20% since January,