It’s International NFT Day, and if you’d like to learn more about NFTs and the world of cryptocurrency they are linked to, check out our Crypto on the GO page for more. Now, let’s get on with today’s top financial stories. By Gary Dudak The Big Lead: Gas Prices Could Go Up Again Soon, Says AAA If you’ve been enjoying those falling gas prices over the last few months, then now is a good time to fill your tank....
Tesla is back taking reservations for its second-generation Roadster. It can be yours if you have $50,000 to ante up for a deposit. By David Nadelle See: 6 Reasons You Won’t Get Social SecurityFind:8 Best Cryptocurrencies To Invest In for 2022 During last week’s Cyber Rodeo event in celebration of the opening of Tesla’s $1.1 billion Gigafactory in Austin, Texas, Elon Musk donned a black cowboy hat and announced that the Roadster will be in production in 2023....
To be financially resilient, you need a source of emergency funding for the unexpected, such as a job loss, major repair, uncovered medical bills or even a global pandemic. According to a survey conducted by YouGov for Forbes Advisor, nearly 40% of people who had emergency savings prior to March 2020 accessed it, and over 73% of those people spent more than half of their emergency funds. By Cynthia Measom Find: 10 Reasons Why You Should Claim Social Security EarlySee: 50 Ways You’re Throwing Money Away...
If you have recently been evicted, some of your close friends may offer to open up their homes to you if you need a place to stay. This can be a lifesaving moment for many individuals as they work to get back on their feet. By Heather Taylor Here It Is: Our 2022 Small Business SpotlightRead More: 7 Surprisingly Easy Ways To Reach Retirement Goals However, the initial intent of a short-term stay for a few weeks can turn into a few months....
Although gas prices, especially where they sit now, are often assumed to be a force of political influence, they are actually governed by economic drivers and basic laws of supply and demand. Unfortunately, President Biden can’t just push a button and let everyone pay $3 per gallon again. By Georgina Tzanetos Pain at the Pump: Gas Prices Breach $4 Mark and Continue To RiseGas Apps: Could Save You Money as Oil Prices Continue To Surge...
Cheri Beasley, 56, is a former Chief Justice of the North Carolina Supreme Court who is running as the Democrat candidate from North Carolina for the 2022 senatorial election against Republican Ted Budd. They are vying to fill the seat of Sen. Richard Burr, who is retiring, and their race is very tight. By Michelle Tompkins See Our List: 100 Most Influential Money ExpertsFind Out: How Rich Is Meghan Markle?...
Jason Momoa, 42, is an American model, actor, writer, director and producer who portrays Aquaman in the DC Universe, starred in “Dune” and appears as Baba Voss in the AppleTV series “See.” Known for often playing warriors or tough guys, which isn’t hard to believe given his 6-foot-4-inch tattooed body, he isn’t afraid to show off a humorous side. By Michelle Tompkins See: How Rich is Amber Heard?Find: Jennifer Lopez, Ben Affleck & Other Top-Earning Actors and Actresses So Far in 2022...
Unfortunately, we are vulnerable to the actions of computer hackers and other fraudsters determined to access our personal financial data for their gain. That includes our tax returns. By Jami Farkas Good Advice: 9 Bills You Should Never Put on Autopay Suggested: 9 Best Small Business Ideas To Make Money From Home Tax identity theft falls into a category of its own, and your tax returns — and refunds — could be compromised....
Everyone should have a go bag for emergencies. Sure no one wants to think about the worst-case scenario happening to them, but being prepared can go a long way when you and your loved ones end up in the middle of a natural disaster or any other kind of emergency. Granted, being prepared can cost money, but if done right, you can manage your expenses and cut down significantly on costs....
Every stage of life comes with its own responsibilities and financial burdens, which is why it’s important to save money all along the way — whether you’re young or approaching retirement. According to retirement-plan provider Fidelity Investments, the rule of thumb is to save 10 times your income by the time you reach 67. By Georgina Tzanetos While some experts may disagree, this ballpark estimate means that in order to be on track for both your retirement and simple everyday living, it’s crucial to keep mindful saving habits throughout all of life’s stages....
Owners of older Hyundai and Kia car models might be having buyer’s remorse these days due to issues getting the vehicles insured. By Vance Cariaga Two of the biggest auto insurers in the United States — Progressive and State Farm — have stopped writing policies in some cities on Hyundai and Kia models that have been classified as too easy to steal, CNN reported. The cities mentioned in media reports include Denver and St....
If there was one buzzword in the financial world in 2022, it was inflation. By John Csiszar Not only did inflation rise faster than it has in more than 40 years, it triggered an aggressive interest rate-hiking cycle by the Fed. The combination of these two factors — rising prices and rising interest rates — has been a double-whammy for consumers in 2022, as costs are jumping for everything from basic necessities to loans....
There are no reasons to be thankful for high inflation. However, unexpected — but not necessarily unfortunate — consequences of this year’s persistently high inflation rate will be higher-than-normal IRS adjustments in 2023, resulting in changes to taxpayers’ federal income tax brackets, individual retirement account contribution limits and more. By David Nadelle Social Security: Women Get $354 Per Month Less Than Men — Here’s WhySee: 22 Side Gigs That Can Make You Richer Than a Full-Time Job...
If you are approaching retirement, you will be aware that you can begin receiving Social Security benefits at age 62. By David Nadelle However, if you choose to start receiving Social Security at age 62, your starting benefits will be 25% to 30% less than if you wait until your normal or full retirement age (66 or 67, depending on when you were born). If you wait even longer than that, your benefits will increase each year until you are 70....
Data from the American Advisors Group, the nation’s leader in home equity solutions, shows that seniors are pushing back retirement to make ends meet, and the pandemic has only expedited that trend. This data was taken from AAGs Post-2020 Retirement Survey with over 1,500 participants ages 60-75. By Josephine Nesbit See: 14 Key Signs You Will Run Out of Money in RetirementFind: 15 Best Work-From-Home Jobs for Retirees “After the uncertainty created by the events of 2020, many seniors want to ensure that they will have the financial means and flexibility to enjoy the retirement they had hoped and planned for,” said AAG Chief Marketing Officer Martin Lenoir in a statement....
There’s never a bad time to start saving money, but sometimes the payoff is bigger than others. One of those times is when the Federal Reserve starts hiking interest rates – something it has been doing in 2022 to help ease inflation. When the Fed raises its benchmark rate, banks often raise the interest rates on their savings accounts as well. This makes it an opportune time to scout out the best rates on all types of savings accounts – including money market accounts....
Peloton made a series of announcements during its earnings release Feb. 8, as CEO John Foley will step down, it will cut 2,800 global positions — approximately 20% of the company’s corporate positions — and it slashed its revenue outlook for the full year. By Yaёl Bizouati-Kennedy The stock was up 21% mid-morning on Feb. 8, following the news. See: Alphabet Stock Just Split – What Does That Mean & How Does It Affect Your Investments?...
McDonald’s, Starbucks and Coca-Cola all announced this week that they were suspending business in Russia in wake of the war it has waged against Ukraine and mounting pressure to cease operations in the country. As a result, the stock price of all three companies has taken a hit — but nothing substantial yet. By Yaёl Bizouati-Kennedy Explore: Gas Apps Could Save You Money as Oil Prices Continue to SurgeLearn: Elon Musk Tweets Support of Increasing US Oil Production To Limit Dependence on Russia...
President Joe Biden announced the much-anticipated administration’s plan for student loan forgiveness on Aug. 24. and the online application will soon be available. However, the administration is now warning borrowers to be aware of potential scams and announced it has launched a “whole-of-government effort.” By Yaёl Bizouati-Kennedy See: 9 Bills You Should Never Put on AutopaySocial Security: Women Get $354 Per Month Less Than Men – Here’s Why The student debt relief initiative could benefit as many as 40 million Americans, the White House said in a statement, adding that it is taking “ongoing and expanded efforts across the Administration to combat scams and misinformation, including educating borrowers about how to protect themselves against scams and accelerating efforts to share scam complaints with states....
Don’t be surprised if your next Uber ride or Uber Eats delivery costs a little more than you are used to. By David Nadelle See: Cheap Gas: Why Does Costco Have Lower Prices Than Other Stations? Find: Record Gas Prices Obliterate Uber and Lyft Drivers’ Take-Home Pay Ridesharing giant Uber has announced temporary surcharges to all its ride and food delivery services as gas prices remain high and volatile. The surcharges will come into effect on Wednesday, March 16, and will affect both Uber’s ride-hailing and Uber Eats’ food delivery services in the United States and Canada....
