VALERIE MACON | AFP | Getty Images When the Covid-19 pandemic prompted a dramatic drop in wages, that also sparked concerns that one particular cohort would see lower Social Security benefits as a result. Those concerns, however, have abated, according to new data from the Social Security Administration. The reason comes down to the national
Personal finance
Even before the pandemic, families were starting to question the value of a college degree. Now, high schoolers are putting more emphasis on schools that will offer the best returns. “What is going to be the return on investment?,” said Robert Franek, editor in chief of The Princeton Review. “It is the question that students
Bitcoin on display. Chesnot | Getty Images The first U.S. bitcoin futures exchange-traded fund will launch on Tuesday, a milestone for the cryptocurrency industry, and others may soon follow. The long-awaited ProShares ETF will offer exposure to bitcoin futures contracts — agreements to buy or sell the asset later for an agreed-upon price — rather
fizkes | iStock | Getty Images For Medicare beneficiaries who want to join an Advantage Plan, now is the time to do it. Just be sure you know what the plan covers and what your potential costs will be — and how long you have to change your mind. During the annual fall open enrollment
California Gov. Gavin Newsom drew 10 winners in Universal City, California, on June 15, 2021, as part of the final cash prize drawing in California’s $116.5 million Vax for the Win vaccine incentive program. Jay L. Clendenin | Los Angeles Times | Getty Images The lottery slogan “You’ve got to be in it to win
RUNSTUDIO | The Image Bank | Getty Images The number of older workers in the labor force is expected to swell over the next decade. By 2030, there will be 16.1 million workers 65 and older, compared to 10.6 million in 2020, according to the U.S. Bureau of Labor Statistics. Which states those older workers
In this article MORN BraunS | E+ | Getty Images Many Hispanic Americans aren’t saving enough — or at all — for retirement. More than two-third of Hispanic households aren’t putting aside anything through workplace savings vehicles such as 401(k) plans, a Morningstar report found. Private retirement plans like individual retirement accounts aren’t filling the
VALERIE MACON | AFP | Getty Images People who collect Social Security are about to see bigger checks. The cost-of-living adjustment in 2022 will be 5.9%, the Social Security Administration said Wednesday. The bump, which will help beneficiaries keep up with rising costs due to inflation, is the largest increase in about 40 years. The
Don Bayley | Vetta | Getty Images This week’s announcement of the highest Social Security cost-of-living adjustment since 1982 was welcome news for retirees. It will help alleviate the financial pinch many are feeling. Beneficiaries in 2022 will receive a 5.9% boost to their checks. That’s up from a 1.3% benefit increase for 2021. Even
designer491 | iStock | Getty Images Retirement savers could start seeing annuities in their 401(k) plans. While allowing them in workplace retirement savings plans is not new, the 2019 Secure Act aimed to eliminate companies’ fear of legal liability if the annuity provider were to fail or otherwise not meet its obligations. Now, insurance companies,
In this article COIN Grandbrothers | iStock Editorial | Getty Images Kenny Schachter, an art dealer, columnist for Artnet and self-proclaimed nonfungible tokens evangelist, believes that the digital works could eclipse the traditional art market within five years. This month cryptocurrency exchange Coinbase and the auction house Sotheby’s, which has been around since 1744, both
Fizkes | Getty Images The Department of Labor wants to reverse a Trump-era policy that restricts 401(k) plans and other retirement savings vehicles from offering environmental, social and governance-focused assets, known as ESG, investing options. Values-based assets have become increasingly popular, with investors funneling $51.1 billion of net new money into ESG funds in 2020,