Personal finance

Prathanchorruangsak | Istock | Getty Images Whether you’re a current employee or changing jobs, you may need to choose between pre-tax and Roth 401(k) contributions, and it may be trickier than you expect. Here’s the difference: Pre-tax 401(k) deposits reduce your adjusted gross income, and the money grows tax-deferred, meaning you’ll pay levies on withdrawals.
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Jake and Deborah Anderson-Bialis, pictured with their children, started fertility education site FertilityIQ after spending about $70,000 to have their children. Melissa Schmidt, FertilityIQ’ As employers try to entice new workers and keep the ones they have, more are turning to fertility benefits. In fact, the trend has been moving upward for the past couple
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Bloomberg | Bloomberg | Getty Images One of the best car-shopping weekends pre-pandemic is more of a dud these days. Amid the auto industry’s manufacturing challenges due to persisting supply-chain issues, Memorial Day sales are generally minimal to nonexistent this year. “It’s looking pretty bleak, to be straightforward about it,” said Ivan Drury, senior manager
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In this article BAC Ilkercelik | Istock | Getty Images The market volatility that’s gripped the markets for weeks has prompted some investors to ask, “Is this the bottom?” But waiting for the market low may prove elusive. “There’s no ‘the’ bottom,” said Chris Hyzy, chief investment officer at Merrill and Bank of America Private
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Rohit Chopra leads the Consumer Financial Protection Bureau, the federal agency whose mission is to protect consumers from “abusive and deceptive financial practices.” As the director of the CFPB, he is keeping a close eye on trouble spots that could potentially cause another financial crisis. With inflation significantly impacting household budgets for millions of Americans,
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Thomas Barwick | Digitalvision | Getty Images Retirees have rejoined the labor force at a steady clip in recent months, attracted by a hot job market and reduced Covid health risks. This “un-retirement” trend could help increase the available pool of workers and ease the hiring challenges businesses have reported. As of April, 3.3% of
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Iryna Imago | Istock | Getty Images Many adult children are “boomeranging” and moving back in with their parents amid high rents and home prices, a new survey from financial services company Thrivent finds. About 40% of parents reported they currently have an adult child living with them. Meanwhile, 25% of parents said an adult
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