Personal finance

In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT A couple assembling furniture. Drazen_ | E+ | Getty Images Gen Z and millennials are “hacking” the housing market as high prices and interest rates make affordability difficult. The term “house hacking” refers to the practice of renting out a portion of your home or

Fg Trade | E+ | Getty Images More investors are getting access to investments previously earmarked for the wealthiest members of society — but it may be risky for some to participate, experts said. Private investments — such as private equity funds, hedge funds, venture capital funds and stock in early stage companies — typically

U.S. President Joe Biden speaks about administration plans to forgive federal student loan debt during remarks in the Roosevelt Room at the White House in Washington, U.S., August 24, 2022. Leah Millis | Reuters President Joe Biden’s new plan to forgive student debt is likely to look much different than his first. After the Supreme

Ольга Носова | Istock | Getty Images If you’re retired and giving to charity this season, there’s a planning move that can reduce your 2023 taxes while donating to a worthy cause, experts say. The strategy, known as qualified charitable distributions, or QCDs, allows retirees to transfer money from an individual retirement account to an

A mother carrying her young son and looking down a suburban road in spring sunlight. Christopher Hopefitch | The Image Bank | Getty Images Single mothers face high rates of financial insecurity. Between 2021 and 2022, as pandemic-era aid dried up, the poverty rate for families headed by one woman soared to nearly 27% from

Bill Varie | The Image Bank | Getty Images The job market is undeniably cooling. Though the Labor Department’s weekly jobless claims report released on Wednesday showed initial claims for state unemployment benefits dropped 24,000 to a seasonally adjusted 209,000 in the week ending Nov. 18, figures for new and continuing claims remained near highs

Rear view of couple traveling through car. Maskot | Maskot | Getty Images A recall on your vehicle can derail your travel plans, depending on the issue at hand.  It’s an issue plenty of drivers have to consider this fall. Subaru, Volkswagen, General Motors, Mercedes-Benz, Toyota and Honda Motor are among the vehicle manufacturers that

Kate_sept2004 | E+ | Getty Images As mutual fund investors brace for year-end distributions, experts have tips to lessen the tax burden in future years. Certain mutual funds have capital gains payouts in November and December, which can trigger taxes in brokerage accounts, even if you haven’t sold shares. By comparison, most exchange-traded funds avoid

Aire Images | Moment | Getty Images Holiday shoppers won’t have to look far to find deals this season. While Covid-era supply chain strains have eased, consumer spending has declined, prompting many businesses to sweeten incentives to buy. “This is the best discounting season in years,” said Ted Rossman, senior industry analyst at Bankrate and

Eva-katalin | E+ | Getty Images Millennials are holding and buying bond exchange-traded funds with more gusto than older investors — and that’s likely not an ideal strategy, experts said. Millennial ETF investors — a cohort born between the early 1980s and mid-1990s — have 45% of their investment portfolios allocated to fixed income, on

Although inflation is cooling, households are still feeling squeezed. As of October, 60% of adults said they are living paycheck to paycheck, according to a new LendingClub report. The figure is unchanged from last year. Overall, 4 in 10 consumers consider themselves worse off relative to 2022, the report found. More from Personal Finance:Inflation is

Fatcamera | E+ | Getty Images A new law is poised to cap seniors’ prescription drug costs covered under Medicare, starting in 2025. But retirees may be in for a shock next year — significantly higher Medicare Part D premiums for prescription drug coverage. The cost of the average premiums will rise between 42% and