Yongyuan | E+ | Getty Images Workers who save in a 401(k) plan offered by a small business pay fees that are twice as high as those paid by employees who work at the largest companies in the U.S. The smallest workplace retirement plans (those with less than $25 million in aggregate savings) charge total
Personal finance
In this article AVD Pixelfit | E+ | Getty Images Vanguard Group and its executives created big tax bills for some investors in its target-date funds, amounting to hundreds of millions of dollars in aggregate, according to a lawsuit filed Monday. The lawsuit, filed in a Pennsylvania federal court by three investors, claims the investment
In this article CHKP As the Russia-Ukraine war continues to escalate, cybersecurity attacks have become a very real threat around the world. The number of cyberattacks being waged by both countries since the outbreak of the conflict is “staggering,” according to the research arm of Check Point Software Technologies. “The problem is kinetic warfare is
In this article WFC A shopper bags fruit inside a supermarket in Chevy Chase, Maryland, on Feb. 7, 2022. Mandel Ngan | Afp | Getty Images Inflation is costing the average U.S. household an additional $296 per month, a Moody’s Analytics analysis found. The figure is based on the latest reading on consumer prices, which
Tom Brady of the Tampa Bay Buccaneers waves to fans at Raymond James Stadium in Tampa, Florida, on Sept. 9, 2021. Julio Aguilar | Getty Images Tom Brady sat on the sidelines for only 40 days before deciding to end his retirement from pro football. It is possible that more retired workers could do the
The Federal Reserve is expected to raise rates Wednesday as they look to contain soaring inflation. The first quarter-point increase in the federal funds rate in three years will likely lay the groundwork for additional hikes to follow. “The cumulative effect of rate hikes is what is really going to have an impact on the economy and
Sevdha Thompson, digital producer of marketing for Coalition Technologies, spent a few weeks working in Costa Rica last year. Courtesy: Sevdha Thompson Millions of Americans are quitting their jobs and rethinking what they want when it comes to work and work-life balance. Companies are responding, meeting their employees’ needs in areas like remote work, flexible hours,
Signage outside the Internal Revenue Service (IRS) headquarters in Washington, D.C. Bloomberg | Bloomberg | Getty Images The IRS plans to hire 10,000 workers to tackle a massive backlog of more than 20 million unprocessed returns, including filings from previous years. They hope to fill 5,000 open positions in the coming months, with another 5,000
Anchiy | E+ | Getty Images There’s been a wave of state-level tax cuts spurred by budget surpluses, and more breaks may be coming, according to policy experts. “States have a lot of revenue on hand and they are looking to return it to taxpayers,” said Katherine Loughead, senior policy analyst at the Tax Foundation.
skaman306 | Moment | Getty Images Millions of underbanked people around the world are finally getting access to financial products such as savings accounts, investing and loans. They have technology to thank. “There’s this new type of excitement about putting your money to work for you,” Flori Marquez, the founder and senior vice president of
People wear face masks outside a supermarket on the Upper West Side in New York City. Noam Galai | Getty Images Government data shows that inflation has broken another 40-year plus record. And even Treasury Secretary Janet Yellen predicted higher prices could be with us for the rest of this year. “We’re likely to see
Fg Trade | Istock | Getty Images If your three-year auto lease is coming to an end soon, be aware that your car may be worth far more than you realize. The 2022 average trade-in value for 2019 model-year vehicles is 33% higher ($7,208) than the predetermined residual value — a vehicle’s worth at the