More than 16 million people are owed some serious cash from Wells Fargo. If you happened to be a customer of the banking institution during the period of 2011 to 2022, this could apply to you, according to CNBC. By Selena Fragassi See: Can I Draw Social Security at 62 and Still Work Full Time?Find Out: How To Stay Safe When Using Mobile Banking AppsLearn: 2023’s Housing Correction Could Be the Largest Since Post-WWII...
An exchange-traded fund is similar to a mutual fund in that most offer portfolios of hundreds of different securities. However, an ETF, as the name suggests, is bought and sold on a stock exchange, rather than directly from a mutual fund company. One of the most popular ETFs is the SPDR S&P 500 ETF, which tracks the S&P 500 index and trades an impressive 74 million shares per day on average....
For many tax brackets, the one nice thing about filing season is the chance to get a nice juicy tax return for your effort. Unfortunately, the Internal Revenue Service, better known as the IRS, is predicting lower returns overall for the 2022 tax year. This news seems to act as the cherry on top of the sundae that has been the last four years for individuals and families already debilitated by skyrocketing inflation and interest rates....
Treasury Secretary Janet Yellen said she is against the $1 trillion dollar coin idea, which has been floated around as a way to curb the impending debt ceiling, calling it a “gimmick” in a CNBC interview. By Yaёl Bizouati-Kennedy See: Schumer Will Force Third Debt Ceiling Vote Today As US Inches Closer To DefaultFind: Biden Warns Economy Headed ‘Over a Cliff’ If Debt Ceiling Not Raised Indeed, as the debt ceiling crisis escalates, talk of a trillion-dollar platinum coin — which would be deposited at the Federal Reserve as an asset swap – could result in an extra $1 trillion to cover a big portion of Washington’s bill, according to Seeking Alpha....
The U.S. Department of the Treasury said about $30 billion in Emergency Rental Assistance (ERA) payments were sent out in February and that most of the remaining funds will be deployed by the middle of the year. By Vance Cariaga See: As Rent Prices Rise, There Are Resources That Can Help Mitigate Costs Find: New Treasury Data Shows Over 80% of Emergency Rental Assistance Delivered to Lowest-Income Households In an announcement on Wednesday, the agency said state and local ERA grantees have made more than 4....
Summer is a time for easy cooking, not having to think too hard about what you’re going to buy, make or eat, and creating a feeling of leisure — even if you still have to work. What better way to have enough of your favorites on hand than buying them in bulk from BJ’s Wholesale Club? By Jordan Rosenfeld SNAP 2022: Is My State Giving Out Extra EBT Food Stamp Money in June?...
In post-pandemic America, consumer spending is way up. According to a CNN interview with Bank of America’s CEO Brian Moynihan, spending is over $1 trillion for 2021, an increase of approximately 20% over 2019 levels. Yet Moynihan has seen massive amounts of cash sitting around in American checking accounts, stating that Americans “have not spent about 65 [to] 70% of the last couple of rounds of stimulus.” By Ann Logue Weigh In: If You Still Have Stimulus Cash, How Will You Use It?...
2021 was the year of the side hustle. Thanks to the Great Resignation, bloated savings accounts, pandemic anxiety and ever-shrinking barriers to entry, employees transformed into freelancers in record numbers this year. By Andrew Lisa See: 22 Side Gigs That Can Make You Richer Than a Full-Time JobSee: 11 Best Lucrative Side Hustle Ideas: Earn More So, did side-hustle culture peak in 2021? “Not a chance,” said Daniel Caughill, co-founder of The Dog Tale....
Starting today, California will officially lift capacity and distancing restrictions for most businesses and activities, according to the California Department of Health. As California is one of the last states to fully reopen in accordance with general public health recommendation, the state’s lifting of restrictions raises an important question: How soon will you begin making summer travel plans (if you haven’t already)? By Cory Dudak Weigh In: How Soon Do You Plan To Take a Summer Trip?...
Not only is today a good day to catch up on the top financial stories out there, but it’s also a good day to plan for your retirement — if you aren’t already. Check out our brand new feature series, Retirement at Any Age, for tips and tricks you need to enjoy your retirement without financial worries. By Gary Dudak The Big Lead: Consumer Price Index Shows Inflation Still Hot Despite Sharp Drop in Gas Prices Inflation was still red hot in August, despite a sharp drop in gas prices....
Although early retirement is a dream for many, there are two main obstacles that can get in the way. First, the earlier you retire, the less time you have to build up your savings. Second, and perhaps more importantly, the longer your retirement lasts, the more you’re going to have to stretch out your savings. By John Csiszar Whereas someone retiring at 70 may only need 15-20 years of savings, an early retiree who stops working at 40 might need their nest egg to last a whopping 40-50 years, or perhaps even longer....
There is a simple answer to how much money you need to become financially independent, and it is known as the 4% rule. By Heather Taylor Retirement at Any Age: Get Top Retirement Tips For Every Stage of LifeCheck Out: 8 Best Remote Jobs That Pay at Least $50 an Hour What does this rule mean and how can you properly use it to build wealth? Here’s how the 4% rule works in achieving financial independence....
It’s easy to be self-critical of our mistakes, and when we make a financial mistake, it can bruise our wallet in addition to our self-esteem. But no matter what financial setback you are facing, with the proper plan, it’s possible to bounce back. In this “Financially Savvy Female” column, we’re chatting with Eleni Patel, a CPA with Equitable Advisors, about the common financial mistakes women make and how they can recover from them....
Hiring an employee to work full time at your business requires more than making a verbal job offer. Certain information needs to be secured for the employer’s records. Here’s what employers need to know about identifying full-time employee status and the forms employees need to complete in order to work in a full-time capacity. By Heather Taylor See Our List: 100 Most Influential Money ExpertsCheck Out: 22 Side Gigs That Can Make You Richer Than a Full-Time Job...
With inflation at a four-decade high and food prices being enormously affected, it’s no surprise that Americans — even those in higher income brackets — have been heading to discount stores for groceries. By Yaёl Bizouati-Kennedy See: 9 Dollar Tree Items To Stock Up On This SummerFind: 7 Things You Should Never Do When Planning For Retirement According to Consumer Price Index (CPI) figures, the food at home index rose 12....
Tesla announced in a tweet last week that it will ask shareholders to vote at this year’s annual meeting to authorize additional shares in order to enable a stock split. While a split would enable more investors to afford to invest in Tesla and broaden the company’s audience and reach, what does it mean for investors who want to buy the stock before the split? By Yaёl Bizouati-Kennedy See: 50 Ways You’re Throwing Money AwayFind: Unplug These Appliances That Hike Up Your Electricity Bill...
By Heather Taylor See: 22 Side Gigs That Can Make You Richer Than a Full-Time JobLearn More: 9 Safe Investments With the Highest Returns There are many reasons why people don’t discuss money with their parents. Parents may feel money is a stressful subject, too complicated to explain or simply a private matter. They may try to avoid discussing it with their children, ultimately doing them a disservice that makes it difficult to establish financial literacy later in life....
By John Csiszar Take a Look: The 10 Best Stocks for the Gen Z Investor Read: 4 Industries Gen Z Might Save — and 4 It Might Destroy How Does Gen Z Invest? As the youngest generation, it’s perhaps not surprising that Gen Z is just getting started with investing. In fact, 34% of survey respondents indicated that they don’t invest at all. But with an upper age range of about 25, most Gen Zers are just starting out, with some just beginning their first jobs while others still remain in school....
It’s moving day, and all of your stuff fits into the back of a medium-sized rental truck. With only one trip between your old and new apartment required, you’re happy you don’t own very much. By Jami Farkas Also See: 9 Bills You Should Never Put on Autopay Advice: 9 Best Small Business Ideas To Make Money From Home But, as you unload the truck and unpack the boxes on the other end, take a mental inventory of all the things you own — and their worth....
Your real estate investment can pay off with a lifetime of passive income if you play your cards right. But know that “passive” doesn’t mean hands-off. You’ll do most of the hard work upfront as you prepare to rent out your house, and then earn consistent revenue by maintaining the home and managing expenses. By Daria Uhlig Consider Key Factors Determine Rent Calculate Expenses Decide on Management Prepare the Application and Lease Market the Property Select a Tenant Prepare for Arrival Move-In Day Here are the steps to follow to get your new venture off the ground....
