With the Great Resignation now more than a half-year-old, anyone pondering a career change might think they missed their window of opportunity. But the same forces that caused the unprecedented workplace exodus that defined last year’s labor market are still in play. By Andrew Lisa See: How To Jump-Start Your Job Search and Find the Perfect Position in 2022Find Out: How To Interview For a Job When You’re Wearing a Mask...
Layoff mistakes, as it turns out, happen more than employees realize. While most companies work hard to ensure layoffs are executed in a professional manner, sometimes organizations ask former employees to return to their roles. By Heather Taylor Take a Look Back: 2022 Year in ReviewExplore: Your Biggest Money Etiquette Questions Answered Some situations may be more advantageous to employees to return to their former employers, if they were mistakenly let go....
In our busy lives, it’s not uncommon for people to not know their neighbors very well. While this is fine most of the time, there are certain situations where it may be necessary to get to know them, because you may have to share costs or responsibilities when it comes to tasks like shoveling snow, clearing off driveways or weatherproofing a shared fence. By Jordan Rosenfeld Holiday Spending: Get Top Holiday Shopping and Savings TipsSee: 3 Easy Tips to Turn Your Credit Woes into Wows...
The maximum Social Security benefit for 2023 will rise to an impressive $4,555 per month for qualifying retirees. However, hardly any recipients will actually earn that lofty amount. By John Csiszar Good Question: Can I Draw Social Security at 62 and Still Work Full Time? Find: 5 Things You Must Do When Your Savings Reach $50,000 In fact, the average Social Security benefit for 2023, which is much more attainable, is just $1,827 — and that’s after an 8....
If all signs point to the Old-Age, Survivors, and Disability Insurance (OASDI) Trust Funds being depleted by 2035 and its beneficiaries subsequently losing out on 20% of their promised benefits, those planning on retiring around that time will need to take necessary financial measures to ensure they are comfortable while living in retirement. By David Nadelle The Future of Finances: Gen Z & How They Relate to MoneyRead: 7 Surprisingly Easy Ways To Reach Your Retirement Goals...
In this “Financially Savvy Female” column, a recent Ellevest study found that financial stress is actually making women sick. Nearly half of women (49%) say that money stress has affected their mental and emotional health, and nearly 40% have become physically ill due to money stress. That’s why it’s so important to practice financial self-care. To find out how to actually do this, we spoke with Kerry Keihn, financial advisor and director of operations of Earth Equity Advisors....
Elon Musk continued to boost Dogecoin on social media even as one investor sued him for $258 billion, accusing him of masterminding a pyramid scheme to support the cryptocurrency. By Chris Cluff Small Business Spotlight 2022: Nominate Your Favorite Small Biz Learn: Social Security Changes That May Be Coming for 2023 Elsewhere, we looked at red flags to look for when investing in cryptocurrency, as well as some crypto purchase that burned investors and five long-term currencies to consider....
How many times have you thought, “I wish they taught me this in school” — especially when it comes to finances? By Sam DiSalvo Crucial concepts surrounding money management are typically not covered in the average K-12 curriculum. This leaves us in the dark when it comes to making big financial decisions as adults. Learn: 22 Side Gigs That Can Make You Richer Than a Full-Time JobRead: 9 Bills You Should Never Put on Autopay...
In October, CNBC reported that persistent high inflation and consumer prices were responsible for the typical U.S. household spending $445 a month more to purchase the same goods and services they did a year ago, according to Moody’s Analytics. By David Nadelle See: 11 Grocery Items To Buy at Dollar TreeRead: 3 Ways Smart People Save Money When Filing Their TaxesFind: 10 Things To Stop Buying in 2023 Given the current economic climate, many Americans have already begun to axe discretionary purchases and are trimming their budgets of things they can do without....
Many of us aspire to reach the executive level at a major corporation, but the career path to get us there can be unclear. The truth is, there is no one right path or trajectory to achieve this goal. The Financially Savvy Female had the opportunity to chat with Madhu Narasimhan, executive vice president, head of innovation and chief operations officer of strategy, digital and innovation at Wells Fargo about her own career journey....
You’re at the grocery store. The total comes out to more than you have available on your credit card. What do you do? Do you put back essential items? Or do you run your card anyway and risk going over your credit limit? What are the consequences if you choose the latter? By Diane Fogle About Credit Limits If You Go Over How To Change Credit Limit When To Go Over Tips Going over your credit limit can be prevented by building a budget and sticking to it....
Most Americans have at least heard of Social Security, but many don’t fully understand how it works and what it does. Some believe that Social Security provides a lifetime of income replacement for seniors in retirement, while others believe that it won’t exist at all in just a few short years. By John Csiszar Check Out: 20 Best Places To Live on Only a Social Security CheckMore: 27 Ugly Truths About Retirement...
You promised yourself that this would be the year you did your taxes early — that the second you received all of the documents you needed, you would submit your returns, collect your refund and put the matter to bed before the slackers and procrastinators even decided which software to use. By Andrew Lisa Tax Day, however, is now days away instead of weeks away; and, once again, you’re stressed out and staring down the IRS’s filing deadline....
In the past several years, most people have undoubtedly heard of cryptocurrency even if they haven’t dipped their toes in the investment waters. Now that the prices of Bitcoin, Ethereum and other cryptocurrencies are plummeting, is it time to invest? Will crypto survive the crash and emerge stronger? By Dawn Allcot Why It’s Crashing Current Crash Will Crypto Survive Why Is Cryptocurrency Crashing? Record-high inflation, fear, rising interest rates and a loss of confidence in crypto investments are all contributing to the crypto crash....
Once you reach age 72, you must take annual required minimum distributions (RMDs) from your traditional IRA, which the IRS taxes as ordinary income. However, some lawmakers in Washington are trying to give retirees more time before they need to start making withdrawals from their retirement accounts. By Josephine Nesbit See: 85% of Americans Say Retirement Finances Make Them Stressed – How To Better PrepareFind: 5 Things You Must Do When Your Savings Reach $50,000...
Dollarama has grown into a massive brand from its humble beginnings in 1992. Today, the company has more than 1,000 corporate-owned retail locations in multiple countries. By Joshua Rodriguez Holiday Décor Cleaning Supplies School and Office Hardware and Tools Party Supplies Electronics Toys Pet Supplies Health and Beauty Food Learn: If Your Credit Score is Under 740, Make These 4 Moves Now Customers love the value, quality and variety of everyday items found at Dollarama....
What did benefits look like 20 years ago? According to a January 2003 article in Government Executive, benefits included pay raises designated for federal employees and military personnel and legislation passed by Congress that allowed federal employees age 50 and older to contribute an extra $2,000 to Thrift Savings Plan accounts. Meanwhile, employees could put as much as $3,000 into flexible spending accounts (FSAs) for medical expenses. By Heather Taylor Obviously quite a bit has changed since then by way of workplace perks and benefits....
It is common to feel anxious about the future regardless of your age. And if you’re approaching retirement, there can be even more uncertainty. With the inflation rate hitting 7.1% at the end of November 2022, you have every right to be concerned. By Becky Neubauer Learn: Can I Draw Social Security at 62 and Still Work Full Time?Discover: 5 Things You Must Do When Your Savings Reach $50,000 However, 2023 is shaping up to be an excellent year for those ages 65 and older....
Affirm, Klarna, Afterpay — chances are, you’ve come across these popular buy now, pay later (BNPL) companies while shopping online or in certain retail stores. BNPL soared in popularity during the pandemic, making it an in-demand option for holiday purchases this past year. In fact, 20% of Americans planned to use BNPL over the holidays and another 20% were on the fence, according to a 2022 survey by the Electronic Transactions Association and the Strawhecker Group....
By Heather Taylor Student Loan Checks: Biden Updates When You’ll Get ThemSee: If Your Credit Score Is Under 740, Make These 4 Moves Now Saving an extra $14 a day, or even more, can be done to reach a $25,000 savings goal. Now that you know how much you need to put aside on a daily basis, here’s what else you need to focus on in your five-year savings plan....
