Mint Images | Mint Images Rf | Getty Images Americans may be getting more information about a big financial choice regarding pension benefits. Pension plans traditionally pay retirees monthly streams of income that last for the rest of their lives. Companies may also offer a lump sum to current and former employees, allowing them to
Personal finance
U.S. President Joe Biden announces additional military and humanitarian aid for Ukraine as well as fresh sanctions against Russia, during a speech in the Roosevelt Room at the White House in Washington, April 28, 2022. Evelyn Hockstein | Reuters President Joe Biden said on Thursday that he’ll have his answer on student loan forgiveness within
Most adults in the U.S. support guaranteed access to personal finance education for high school students. Eighty-eight percent of adults surveyed by the National Endowment for Financial Education said their state should require either a semester or year long personal finance course for graduation. The survey of 1,030 adults was conducted in March. More from
Consumers are putting more purchases on plastic — and paying more for the privilege. Rising prices have caused many Americans to feel suddenly cash-strapped and more dependent on credit cards to make ends meet. After consumers paid off a record $83 billion in credit card debt during the pandemic, helped by government stimulus checks and fewer opportunities
Sean Gladwell | Moment | Getty Images Inflation is at a 40-year high. That means consumers are losing buying power at a faster-than-usual pace. Just how quickly is inflation eating away at your savings? The so-called rule of 72 can help gauge its long-term impact. This rule of thumb is generally applied to investment returns.
Getty Images Some investors may soon be able to add cryptocurrencies to their 401(k) accounts. Fidelity Investments announced Tuesday it will begin allowing investors to put cryptocurrencies such as bitcoin in 401(k) retirement accounts, making it the first provider to do so. The offering will be available midyear for the 23,000 companies that use Fidelity
Westend61 | Westend61 | Getty Images Fidelity Investments is offering bitcoin to 401(k) investors. But before retirement savers get access, employers must give the green light — and that’s often much more complicated than it sounds. Fidelity administered almost $2.9 trillion of 401(k) and other workplace retirement plan assets (representing over a quarter of the
Your end-of-life experience may be very different depending on where you live, according to a Policygenius report that ranks the country’s best and worst places to die. The report gave each state and the District of Columbia a numerical score based on seven factors, including funeral costs and services, green burials, palliative care, Medicare providers,
Gece33 | E+ | Getty Images In the continuing war for talent in the American workplace, employers have been adding more perks to attract and retain employees. That includes paying more attention to the financial well-being of their workers. “I’m seeing greater interest in financial-wellness programs because of the Great Resignation, coupled with an increasingly
Saul Loeb | AFP | Getty Images There’s a chance — a tiny one — that a Powerball player will manage to turn $2 into $421 million on Monday night. That’s the jackpot amount heading into the week’s first drawing, which comes on the heels of 29 pulls — three weekly — with no one
WASHINGTON, DC – APRIL 04: Supporters of The Debt Collective convene near the U.S. Department of Education to demand full student debt cancellation on April 04, 2022 in Washington, DC. (Photo by Leigh Vogel/Getty Images for MoveOn & Debt Collective) Leigh Vogel | Getty Images Entertainment | Getty Images Nearly 9 in 10 young Americans
Benjamin Gibson, a pharmacist in San Antonio, Texas, makes more than $100,000 a year and owns his own home. And yet, Gibson, 40, struggles to afford basic necessities, including groceries and gas. “When you are used to spending a couple of dollars on fruits and vegetables and then you’re paying a lot more, it stresses