Personal finance

skynesher It’s been a banner year for actively managed stock mutual funds, with 21.1% average growth through October, according to Morningstar. However, year-end payouts may soon put a damper on double-digit returns, triggering tax bills for funds in brokerage accounts. When a fund manager sells underlying assets at a profit without losses to offset it,

katleho Seisa More employees will have access to retirement savings through Betterment’s 401(k) plans, thanks to rapid growth the online wealth advisor has seen in that part of its business. The company’s 401(k) business, Betterment for Business, has seen seen a 370% increase in year-over-year retirement plan adoption. In 10 of the states that are

MoMo Productions | Getty Images When the Covid-19 pandemic first erupted last year, Janel Abrahami quit a job she had been in for less than a year — without anything else lined up. To many, such a move may sound risky. The decision left Abrahami, who lives in the New York metro area, searching for

Amid the ongoing pandemic, many high schoolers are rethinking their future plans, and whether that will still include college. A recent survey of high school students found that the likelihood of attending a four-year school sank more than 20% in the last year and a half — down to 48%, from 71%, according to ECMC

MoMo Productions | DigitalVision | Getty Images Workers may funnel more money into 401(k) plans next year, according to the latest cost-of-living adjustment from the IRS.  The employee contribution limit for 401(k) plans is increasing to $20,500 in 2022, up from $19,500, and catch-up deposits for savers 50 and older will still be $6,500. The new amounts

peakSTOCK | iStock | Getty Images If Democratic lawmakers get their way, Medicare will start covering hearing services for the first time in the program’s history. The coverage, which would take effect in 2023, is included in Democrats’ proposed $1.85 trillion spending bill, dubbed the Build Back Better Act and aimed partly at strengthening the

New York, Chelsea apartments seen from the High Line park. pidjoe | iStock | Getty Images Months after the national ban on evictions expired, a number of states and cities have either kept in place or implemented their own policies to try to keep families in their homes. Despite heavy opposition by landlords, advocates say

skynesher | E+ | Getty Images Inflation is coming for your Thanksgiving feast. In September, the consumer price index — a basket of goods — rose 5.4% from a year ago, nearly hitting a 30-year high, according to data from the U.S. Bureau of Labor statistics. And under those headline numbers, food costs rose 4.6%,

Rep. Josh Gottheimer (D-NJ) (C) and Rep. Tom Reed (R-NY) (3rd R), co-chairs of the bipartisan Problem Solvers Caucus, hold a news conference with fellow members of Congress to highlight the need for bipartisan, bicameral COVID-19 relief legislation outside the U.S. Capitol on December 03, 2020 in Washington, DC. Chip Somodevilla | Getty Images House

Families, parents and caregivers call on Congress to include paid family and medical leave in the Build Back Better legislative package during an all-day Nov. 2, 2021 vigil in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images Democrats and advocates for paid family leave were handed a victory in the fight for

Gov. Mike DeWine, Republican of Ohio, on the campaign trail in 2018. DeWine just signed mandatory personal finance education for high schoolers into state law. Kirk Irwin | Getty Images News | Getty Images Ohio Gov. Mike DeWine has signed a bill mandating all high-schoolers in the state take a half-credit, standalone personal finance course

andreswd | E+ | Getty Images Inflation keeps rising and doesn’t look like it will be coming down anytime soon. Consumer prices jumped in September, a 5.4% increase from September — nearly hitting a 30-year high. That means you’re paying more for energy and housing costs, as well as groceries and other goods. With the