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Although you can start to collect Social Security at age 62, your benefits will increase every year you choose to delay claiming them up until age 70. But are there potential advantages to claiming early, particularly if you invest your Social Security income? By Gabrielle Olya Good To Know: 6 Types of Retirement Income That Aren’t TaxableSee: 5 Things You Must Do When Your Savings Reach $50,000 Here’s a look at the math to see if claiming early will pay off....

Elon Musk’s SpaceX company is looking to raise a new round of $1.7 billion in funding, which would bring its valuation to $127 billion, according to CNBC. By Yaёl Bizouati-Kennedy See: Elon Musk Wants to Slash $44 Billion Twitter Deal by 25%Find: Elon Musk’s Net Worth Has Dropped $49 Billion As Tesla and Twitter Stock Continue to Slide — Should You Sell Your Stocks? The company’s goal of $1.7 billion in new funds would bring the price to $70 a share — a 25% increase — according to a company-wide email obtained by CNBC....

It’s tax season once again! If you have a teen who started working for the first time in 2021, you could be facing new challenges and questions when it comes to filing taxes. Just as you want to make sure you have all your tax paperwork ready and waiting when you start to file, you’ll want to help your teen gather theirs. By Dawn Allcot See: Teens & Taxes: Quick Tips for First-Time Filers (and Their Parents) Find: Truck Driving Teens Could Be the Answer to Supply Chain Issues...

No matter where you live, buying a home is sure to create a certain level of stress. From viewings and inspections to seemingly endless paperwork, chances are high that you’ll find yourself frustrated at some point during the home buying process. By Bob Haegele Advice: 20 Home Renovations That Will Hurt Your Home’s ValueMore: 8 Insider Tips to Get Rich in Real Estate But every city and state is different, and some places are much worse than others due to rapid population growth, fierce competition and rising prices....

You need cash, and you’re thinking about borrowing from your life insurance policy. Right now, you’re on the fence, because you don’t know whether this idea is brilliant or extremely unwise. By Jennifer Taylor The last thing you want to do is make a move that will have a detrimental impact on your financial future, so you need to make a fully informed decision. Here’s a look at the pros and cons associated with taking a loan from your life insurance policy....

Warren Buffett’s Berkshire Hathaway received regulatory authorization to acquire 50% of Occidental Petroleum, after the Federal Energy Regulatory Commission (FERC) deemed the transaction was “consistent with the public interest,” according to an Aug. 19 report. By Yaёl Bizouati-Kennedy See: Top 10 Richest People in the WorldFind: Looking To Diversify In A Bear Market? Consider These 6 Alternative Investments Buffett had been slowly increasing his stake in the oil and gas company, as in July he had bought 12 million shares for $698 million, according to Securities and Exchange Commission (SEC) filings....

Cycling’s most celebrated event, the Tour de France, begins July 1 and runs through July 24. For years, the grueling European course was the personal playground of American Lance Armstrong, who won the race a record seven times from 1999 to 2005. By Jami Farkas Keep Reading: How Rich Is Former President Donald Trump as He Turns 76?Small Business Spotlight 2022: Nominate Your Favorite Small Biz by July 25 His achievement was even more compelling because in 1996, he received a grim diagnosis of advanced testicular cancer that had spread throughout his body, including to his lungs and brain....

First baseman Ryan Howard took three trips to the All-Star game during his 13-year career. By Andrew Lisa Ryan Howard: $120 Million A Silver Slugger, MVP and Rookie of the Year, the left-hander won the World Series in 2008. A career Phillies star, he earned $190.77 million on the field alone during the course of his 13-year career. He was embroiled in a series of ugly and public lawsuits in the early 2010s that dragged on for years and involved immediate family members, with Howard, his parents and brother filing suits and countersuits over Howard’s finances....

Social Security has been around since 1935, but there are still changes to the program every year. One of the biggest headline grabbers for 2022 is the big jump in payouts due to the annual cost-of-living adjustment. But there are a number of other significant changes to the program that you should be aware of for 2022, whether you’re already retired, nearing retirement or just beginning your working career. Here’s a short list of the major changes to expect from Social Security for 2022....

This year has been a time of rapid change. We entered 2021 with a worldwide pandemic and now seven months later, many people are vaccinated, returning to work and a somewhat normal life. By Sam DiSalvo Follow Along: 31 Days of Living Richer Learn More: How Millennial Women Can Take Control of Their Debt This change in lifestyle calls for a reevaluation of finances. Perhaps now that going out and traveling is an option, your savings are dwindling....

Lawmakers are rallying around issuing a fourth stimulus check as millions of Americans are trying to bounce back. To date, 21 Democrat senators have added their names to a March 30 letter to President Joe Biden in support of more stimulus payments, underscoring that the third round of $1,400 stimulus payments wouldn’t go very far for those who’ve been hard hit by the pandemic. Meanwhile, a Change.org petition wherein Americans demand recurring stimulus payments has gone viral, garnering nearly 3 million signatures at the time this story was reported....

By Caitlyn Moorhead Scams To Avoid Read: How To Get Free Gift Cards From Your Everyday Purchases 4. Brushing Scam 5. Order Confirmation Scam 6. Prize Confirmation Scam Who doesn’t like winning prizes? Well, don’t rush to claim your alleged winnings until you are sure it is not a prize confirmation scam. Here are some signs the prize you are being offered is fake. 7. Overpayment Scam 8. Porch Piracy Scam 9....

By Josephine Nesbit See: Tax Brackets 101: Here Are the Basics You Need To UnderstandFind: 11 Social Security Mistakes That Can Cost You a Fortune Here’s how the 401(k) plan limits will change in 2022. The 2022 401(k) Contribution Limit Retirement savers can start putting an extra $1,000 into their 401(k) retirement plans next year. This makes the contribution limit for employees who participate in 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan approximately $20,500 for 2022....

If you’ve been contributing to a 401(k) plan over the last several years, you’ve probably seen some pretty nice gains. At least until the beginning of 2022, when the stock market has really taken a dive. Since most 401(k) plans invest assets in mutual funds, stocks and bonds, you’ve probably seen your retirement savings dwindle, too. What’s an investor to do? By Karen Doyle Protecting Your 401(k) Understand the Market Review Your Finances Look at Your Assets Keep Contributing Stay the Course Don’t Cash Out See: 9 Bills You Should Never Put on AutopayMore: 5 Things You Must Do When Your Savings Reach $50,000...

Applying for college can be stressful, and oftentimes, the last thing you want to think about during the process is applying for scholarships. But scholarships can greatly reduce the cost of college — something for which you will likely be grateful for years. By Bob Haegele Small Business Spotlight 2022: Nominate Your Favorite Small BizCash App Borrow: How To Borrow Money on Cash App After all, the average cost of college for in-state tuition at a four-year public college is over $25,000 in 2022....

If you aren’t taking advantage of shopping rewards sites and portals, you could be missing out on a significant source of savings. A shopping rewards portal allows you to earn cash back or other rewards on purchases from select retailers. By Andrea Norris About Cashback Monitor How To Use It Account Features Read: 3 Easy Tips to Turn Your Credit Woes into Wows Cashback Monitor is a platform that aims to track multiple cash back and rewards portals for you so you can quickly determine which portal to use to get the biggest rewards....

The unemployment rate reached levels hardly ever seen before due to the COVID-19 pandemic. In April 2020, the rate was 14.8% — the highest rate since data collection began, according to the Congressional Research Service. By Bob Haegele Read: Pandemic Unemployment Shows Gig Drivers Need to Be Considered for US Social Safety NetSee: Looking for a Seasonal Side Gig? These 16 Places Are Hiring Right Now Unemployment sharply declined after April, falling to 7....

Airbnb recently launched a new program that will enable apartment tenants in certain buildings to be hosts. Dubbed “Airbnb-friendly apartments,” the company said that this program will “unlock the economic benefits of hosting to help renters cover the rising cost of living.” By Yaёl Bizouati-Kennedy See: Holiday Travel Savings — Airbnb Now Lets You Search by Total Cost and Cracks Down on ‘Unreasonable’ DemandsFind: Move Over Airbnb – Marriott Has a New Luxury Product for Long-Term Stays...

Chris Evans, the actor behind the Captain America film franchise, has been named People Magazine’s Sexiest Man Alive for 2022. He joins fellow Marvel Cinematic Universe actors, Paul Rudd (2021), Idris Elba (2018), Bradley Cooper (2011), Chris Hemsworth (2014), Ryan Reynolds (2010), Hugh Jackman (2008) and Jude Law (2004), in making the list. By Dawn Allcot While his fans are thrilled, it’s his mom that may be the most pleased by the news....

What Is Credit Karma Money Spend? Best known for its credit monitoring services, Credit Karma has now introduced a checking account to help people make financial progress. Here’s a detailed review of this account. By Scott Jeffries About Credit Karma Money Spend Features How To Open Who It’s For Final Take Features 4.8 Availability 4.5 Ease of Use 4.5 Fees 4.0 Pros Free transactions at over 55,000 ATMs nationwide Banking services are provided by an FDIC-insured bank Early access to your paycheck Instant Karma gives you a chance to earn rewards Cons Third-party fees apply Limited services Credit Karma Money Spend is a spending account, which is a checking account without checks — and without the penalties, minimum balance requirements or overdraft fees you’ll find with traditional checking accounts....