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The moment your savings reaches $100,000, you may have questions about what to do next with this money. Should you continue to keep it in a savings account? Move the funds into another account? Put the money toward a specific purchase or investment? By Heather Taylor Find Out: How Much Does a Person on Social Security Make?Wealthy Millennials Aren’t Banking on Stocks: Here’s What They’re Investing In Instead Rather than remain in limbo about your savings, there are certain moves you can make to set yourself up for financial success in the future....

When you’re choosing a bank to park your savings, you want one with low fees and good customer service, of course. But you also want to find the best savings account interest rates so your money will grow faster. By Dawn Allcot Best Interest Rates UFB Direct Bask Bank Citizens Access CIT Bank LendingClub SmartyPig Varo Bank Financial Institutions With the Best Savings Account Interest Rates These banks provide much higher interest rates than the national savings rate of 0....

Millions of families received cash infusions over the last six months thanks to the advance portion of the child tax credit — but it seems as though the buck will, unfortunately, stop there. A continuation of the monthly check would have come through with the passage of President Joe Biden’s Build Back Better Act, but as the legislation remains in limbo so do families’ hopes of economic relief. By Georgina Tzanetos See: Child Tax Credit Guidance Updated by IRS Find: Stimulus Update: How To Request an IRS Trace for Lost Child Tax Credit Payment...

When a company’s looking to raise capital, it typically has two ways to get the cash it needs. It can sell shares of its stock or borrow the money. If the company’s already in a decent amount of debt or doesn’t have the financial standing to go to a lender, it will often choose to sell its stock shares. By Brandy Woodfolk DPO vs. IPO DPO Overview IPO Overview DPO Pros and Cons IPO Pros and Cons How Underwriters Sell Shares It’ll sell the shares through a direct public offering, or DPO, or an initial public offering, or IPO....

The IRS recently made changes to the amount of money that can be withdrawn each year from retirement accounts before age 59 1/2. As with the increase in overall inflation, the reasonable interest rate permitted by the IRS for determining certain types of these distributions recently increased to 5% or 120% of the mid-term rate (currently 1.40%), whichever is greater. This effectively makes the amount of money each taxpayer can withdraw without penalty each year higher than before....

It’s always a good time to hype Dogecoin for Tesla CEO Elon Musk. Just shortly after Tesla’s new supercharger station opened in Santa Monica, Musk tweeted that you could pay with the crypto — but he didn’t mean for charging your car. By Yaёl Bizouati-Kennedy See: Elon Musk Claims the ‘Fun Police’ Forced Tesla to Restrict its Boombox Feature, Leading to Recall Find: Musk Confirms Dogecoin Payment Option for Tesla Merchandise, Pushing the Crypto’s Price Higher...

By Gary Dudak The Big Lead: Elon Musk Offers To Buy Twitter In yet another twist in the Musk-Twitter saga, the richest man on the planet has offered to buy Twitter for $54.20 per share in cash, which he says is “a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced.” Read the full story here...

The Walt Disney Company (DIS) is a large and diversified Global 500 entertainment and media enterprise headquartered in Burbank, California. The company’s vision is to “entertain, inform and inspire people around the globe through the power of unparalleled storytelling.” By Scott Jeffries About Walt Disney Company Disney Net Worth Disney Market Cap Product Lines and Revenue Top Shareholders Future Outlook The premier entertainment company operates businesses in many different industries. The most significant operations include media networks, parks, studio entertainment and direct-to-consumer productions....

Val Kilmer, 62, is an American actor who made a name for himself in Hollywood in the late 1980s. Now, Kilmer is revisiting a character that helped catapult him to fame: Iceman from “Top Gun.” With the sequel, “Top Gun: Maverick,” launching on May 27, Kilmer will be once again be appearing on the big screen. The original “Top Gun” earned $345 million globally; it remains to be seen how the sequel will fare....

Since the Internal Revenue Service reported that third-party payment processors will be responsible, starting in 2022, for reporting payments issued on a 1099-K form, people who use these platforms to exchange money with family and friends were concerned about the tax ramifications. Nearly every platform, including PayPal and Venmo, make it possible to process transactions as “friends and family” to avoid being accidentally taxed. Zelle, however, does not offer this option....

It wasn’t long ago when making six figures in the U.S. meant one was doing pretty alright — great, even. Now, amid inflation, a person making that salary may just barely be getting by. By Nicole Spector Learn More: Millionaires Are Worried About Having Enough Money for RetirementExplore: Could Having an HSA Save You Six Figures on Lifetime Taxes? According to a recent report from LendingClub, 63% of Americans were living paycheck to paycheck as of November 2022 — up from 60% in October....

Buying gifts for loved ones can be stressful enough, let alone buying them for strangers you never anticipated spending money on. It can sometimes feel like you’re obligated to participate in a holiday party’s gift exchange, even if you don’t have the time or money to do so. Fortunately, there are ways to tactfully decline the invite to participate without hurting anyone’s feelings or your pride. By Sam DiSalvo Student Loan Forgiveness: Mark These 4 Dates on Your Calendar NowRead: If Your Credit Score Is Under 740, Make These 4 Moves Now...

Founded in 1966 to serve the needs of businesses in Laredo, Texas, IBC Bank has since expanded to other communities across the Lone Star State and into Oklahoma. As of 2022, IBC Bank has nearly 170 facilities and more than 260 ATMs in these two states. If you’re in the region, there’s a good chance that you’re already close to an IBC ATM or branch. By Mary Green Locations Branches ATMs Hours and Customer Service IBC Bank Locations Near Me You can use the Google map below to find the IBC Bank branch or ATM that’s closest to you....

Good news, Bay Staters! A full 3 million of you are set to get a tax refund starting Nov. 1. By Selena Fragassi Food Stamps: What is the Maximum SNAP EBT Benefit for 2023?Find: States Whose Economies Are Failing vs. States Whose Economies Are Thriving The state of Massachusetts is issuing checks and direct deposits to a large portion of taxpayers in an amount, per NBC 10 Boston, representing about 14% of what was paid in personal state income taxes last year....

The Apple iPhone 14, in all its iterations, is now available for pre-order, and wireless carriers are looking to get in on the action. AT&T, T-Mobile and Verizon each announced that eligible customers can nab the latest Apple smartphone for free (albeit with a number of strings attached) as part of a promotional offer. By Nicole Spector See: 8 Items You Should Always Buy at Sam’s ClubFind: This Credit Score Mistake Could Be Costing Millions Of Americans...

The Internal Revenue Service (IRS) announced that storm and flooding victims in parts of Missouri now have until November 15 to file individual and business tax returns and make tax payments. Qualifying victims must live in areas designated by the Federal Emergency Management Agency (FEMA). By Josephine Nesbit Learn: 10 Items That Are Always Cheaper at Sam’s ClubMore: 7 Surprisingly Easy Ways To Reach Your Retirement Goals Currently, individuals or households that live or have a business in the independent city of St....

Elon Musk, the richest man on the planet — and now, Time’s “Person of the Year” — recently tweeted that Tesla would start accepting Dogecoin for purchases of some merchandise. The tweet sent Doge soaring once again, as Musk’s tweets often have significant economic repercussions, both in the stock market and on many crypto exchanges. By Yaёl Bizouati-Kennedy “Tesla will make some merch buyable with Doge & see how it goes,” Musk tweeted on Dec....

When the White House announced President Biden’s student loan forgiveness plan on Aug. 24, there were murky details and key questions left unexplained and unanswered. By David Nadelle See Our List: 100 Most Influential Money ExpertsFind: 22 Side Gigs That Can Make You Richer Than a Full-Time Job The U.S. Department of Education has clarified several elements of the plan, including when applications will be available, what loans qualify and how relief will be applied....

By Dawn Allcot See: Here’s Exactly How Much Savings You Need To Retire in Your StateFind: Experts — Here’s How Much You Should Have in Your Retirement Account at Every Stage of Life A study by Capitalize found that 24.3 million people may have left as much as $1.35 trillion in money behind in forgotten 401(k) funds. And that number grows by $2.8 million per year, CNBC reported. If you have a forgotten 401(k), perhaps from a previous employer, you could be missing out on an average of $700,000 for your retirement, the study discovered....

Identity theft is a problem for everyone, but the risk increases the closer you get to retirement age and start collecting Social Security benefits. These benefits are a favorite target for identity thieves, which means it’s important to take steps ahead of time to lessen the risk of being victimized. By Vance Cariaga Beware: 5 Everyday Things You Do That Can Trigger a Bank Fraud AlertWarning: Don’t Get Caught in These Fake Check Scams...