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No one starts out as an expert when it comes to finance and money. Typically, the best lessons are learned over time, through experience. As most baby boomers are now close to or moving through retirement, they’ve likely had a lifetime of financial ups and downs. By John Csiszar Find Out: Baby Boomers, Gen X or Millennials — Who Really Had It Worst Financially? Boomers vs. Millennials: A Look at the Financial Gap Between Generations...

In 2023, the Inflation Reduction Act will go into effect. Passed in August, this sweeping legislation package — an expenditure of $739 billion — aims to target healthcare costs, ask “the largest corporations to pay their fair share” of taxes and promote clean energy initiatives, according to a statement issued by the White House. By Selena Fragassi See: What Is the Highest Income Level for Food Stamps in 2023?Find: 3 Easy Tips To Turn Your Credit Woes Into Wows...

Volumes have been written about the PPP loans that kept so many employers afloat during the pandemic. But there’s a lesser-known, yet equally potent federal helping hand that business owners should capitalize on — the Employee Retention Tax Credit (ERTC). The credit — which is designed specifically for employers who kept workers on their payrolls despite struggling through the pandemic — has been extended. You might be eligible to bank this hefty credit, but it won’t last forever and the time to act is now....

The national average gas price hit $4.62 per gallon for the last day of May, up above even Memorial Day weekend prices. But some states are being hit harder by gas prices than others. In California, for example, a gallon of gas at some stations now costs more than the federal minimum wage of $7.25. By Dawn Allcot See: States Whose Economies Are Failing vs. ThrivingFind: How Much Cash You Need Stashed if a National Emergency Happens...

Capitalize Overview Capitalize is a free web-based service that can assist a user with a 401(k) or 403(b) rollover to an individual retirement account. This service is useful for anyone planning a retirement account rollover and not wanting to deal with the phone calls, messages, paperwork, loss of time and uncertainty of doing it all on their own. By Thomas Streissguth Overview How It Works Cost Tax Savings Finding Assets...

While the Federal Reserve said it would keep rates steady until 2023, albeit planning to raise them earlier in the year at its much-anticipated Federal Open Market Committee meeting last month, Fed officials seem increasingly divided as to when the hike would start. By Yaёl Bizouati-Kennedy See: Fed Behind on Inflation and Risking Recession, International Finance Expert SaysFind: Interest Rates Aren’t Going Anywhere Yet — How Stagnation Benefits Homeowners and Banks...

The one thing most Americans had going for them during the current runup in gasoline prices is that they could always say, “Well at least I don’t have to pay as much as they do in California.” But drivers across the United States might soon feel the same pain Californians are feeling right now — $6-a-gallon gas — if demand continues to outpace supply at the current rate. By Vance Cariaga Discover: 11 Best Prepared-Food Deals at Costco More: 25 Extra Grocery Costs You’re Probably Forgetting About...

Elon Musk said he would participate in Tesla’s fourth quarter earnings call — to take place in January of 2022 — following his statement, made in July, that he would not be on them anymore “unless there’s something really important that I need to say.” By Yaёl Bizouati-Kennedy See: Just How Rich Are Elon Musk, Donald Trump and These Other Big Names?Find: Elon Musk Urges Employees To Minimize Delivery Costs...

One day after announcing that it is cutting its growth forecast for the current quarter and that Old Navy’s CEO is leaving the company, Gap shares dropped dramatically during a tense trading day Friday. By David Nadelle See: 20 Genius Things Mark Cuban Says To Do With Your MoneyFind: How To Get Rich With a Normal Job Shares of Gap opened more than 20% lower on Friday to a near two-year low after the retailer slashed its sales outlook on Thursday....

Before you dive into today’s top financial stories, please note that it’s World Mental Health Day. So, take a few moments today to think about your mental health and consider ways to improve it. You’ll be glad you did. By Gary Dudak The Big Lead: Must-Know Social Security Facts for October October is a big month for beneficiaries of Social Security and Supplemental Security Income (SSI). The Social Security Administration announces changes each year, but the biggest one will be announced this month and go into effect in 2023....

Apple enthusiasts are currently obsessed after the announcement of the new iPhone 14 models. The new iPhone is bigger than all the other models since there is no option for a mini version. By Suchetana Bhattacharyea Specifications iPhone 14 iPhone 14 Plus iPhone 14 Pro iPhone 14 Pro Max Prices in the UK Read: This Credit Score Mistake Could Be Costing Millions Of Americans If you are still waiting to make the switch to this brand-new version of the iPhone, you should have a clear idea about the prices and the features....

One of the most commonly advised approaches to paying off student debt is to pay a little more than the monthly minimum. But how much extra should borrowers put toward student loan debt? By Heather Taylor Here’s what borrowers need to factor in as they determine how much above the minimum they can put toward a monthly student loan payment. Why Should Borrowers Pay More Than the Minimum? Before we look into how much extra to put toward a minimum monthly payment, why should borrowers put any extra money toward student loans?...

By Gabrielle Olya Check Out: 6 Tips To Cut Back on Your Online Spending This Year Learn: Tips To Get Your Mortgage Payments as Low as Possible If you’re looking to curb your online shopping spending this year, consider these tips. More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. Stop Browsing Out of Boredom Find Out: 11 Things You Should Never Buy New...

If you are divorced, there is a way to maximize your Social Security benefits that you might not have considered. Depending on whether you meet certain conditions, you may be able to claim Social Security benefits under your ex-spouse’s benefits in order to maximize your full Social Security benefit claim. By Georgina Tzanetos See: All the Expenses You Never Considered When Getting a DivorceFind: Should You Refinance Now With the Low Mortgage Rates?...

It’s no surprise that the housing market has been a difficult one recently, as inflation, soaring rates and short supply made for a bad combination for potential homebuyers. What may come as a surprise, however, is that buying a luxury home might be more affordable than buying a so-called starter one. By Yaёl Bizouati-Kennedy See: 2023’s Housing Correction Could Be The Largest Since Post-WWIIFind: 3 Things You Must Do When Your Savings Reach $50,000Learn: Here’s Why 1 in 5 Americans Are Considering Switching Banks...

This Episode By Amen Oyiboke This Episode Where Else You Can Listen About the Show Our Host Dunlap gives insight on how to ask for a raise and how not to negotiate a salary. She believes a lot of what you need can be achieved just by knowing your value and having adequate preparation. A great way to know where you stand financially and plan for your future is by using tools like Personal Capital to plan ahead....

The record-high yield of 9.62% offered for Series I Savings Bonds from TreasuryDirect ended on Oct. 31. But if you missed out, fret not — you can still get a decent return on Series I bonds for the next six months. By Vance Cariaga See: Do Airbnb’s Billion-Dollar Q3 Profits Translate to Worthwhile Investment?Find: 5 Things You Must Do When Your Savings Reach $50,000 TreasuryDirect is now offering a Series I bond with a yield of 6....

Wrangling with student loan debt is one of the most significant economic struggles in the U.S. Americans owe over $1.75 trillion in student loan debt across over 40 million borrowers. Though President Joe Biden has made promises to reduce that debt, it surely won’t be eliminated altogether, and we can expect the problem of mounting student loan debt to continue. By Nicole Spector It Forms Good Financial Habits It Instills a Sense of Responsibility It’s Not Just About the Savings, but About Learning How To Manage Money It May Not Be the Best Time/Money Investment An Internship Can Be Even More Valuable It Can Take Away From Study Time Practice Self-Compassion While Promoting Financial Literacy See Our List: 100 Most Influential Money Experts Cash App Borrow: How To Borrow Money on Cash App...

Nobody said Americans had to spend their COVID-19 stimulus checks on necessities like food, housing and utility bills (though many had no choice). Some have spent part of their stimulus money on investments in Bitcoin — and they’ve turned a tidy profit in the process. By Vance Cariaga See: 8 Best Cryptocurrencies To Invest In for 2021Stimulus Update: Taxpayers Have Until Midnight Tonight To Make Income Changes On Child Tax Credit Update Portal...

Some student loan borrowers may be struggling to take the next step forward in applying for debt relief because they’re not sure if they qualify. Deciphering one’s eligibility for student loan forgiveness has been difficult for borrowers who feel confused by the language in the loan relief guidelines. By Heather Taylor The Future of Finances: Gen Z & How They Relate to MoneyStudent Loan Forgiveness: Mark These 4 Dates on Your Calendar Now...