Today: 16. Nov, 2024
The Internal Revenue Service (IRS) has announced significant changes for federal tax liabilities that could impact families in 2025. These adjustments include increases in the earned income tax credit (EITC) and modifications to various tax thresholds, all designed to accommodate inflation and…
Health savings accounts (HSAs) offer powerful tax benefits that can boost both savings and investments. However, many people remain unaware of how to use these accounts effectively. With over 26 million Americans holding HSAs, it’s essential to understand their benefits and learn…
Exchange-traded funds (ETFs) are often associated with passive strategies that track major market indexes. However, in recent years, actively managed ETFs have surged in popularity. As more investors seek precision and cost savings, experts emphasize these funds’ benefits—and challenges. Stephen Welch, a…
With rising prices and soaring interest rates, many Americans are struggling to stay on top of their finances. As a result, credit card usage has increased, with nearly 37% of cardholders either maxing out or coming close to their credit limit since…
The Social Security cost-of-living adjustment (COLA) for 2025 is about to be announced, and millions of beneficiaries anxiously await the news. However, this year’s increase may bring some disappointment. Experts are predicting a much lower adjustment compared to the significant increases seen…
Social Security beneficiaries are anticipating the announcement of their annual cost-of-living adjustment (COLA) for 2025. However, the increase might not be as substantial as in previous years. Experts predict that the adjustment could be one of the smallest since 2021, raising concerns…
As the Federal Reserve shifts its policy and lowers interest rates, financial advisors suggest that investors look at their bond portfolios fresh. With the central bank initiating its first rate cut in four years, bonds are expected to gain a boost from…
In today’s world, women have made incredible strides in education and the workplace, achieving near parity with men in many aspects. Federal Reserve data shows that women between the ages of 20 and 24 now account for about 50% of total employment,…
Credit cards often provide attractive perks like rewards points, cash back, and enticing sign-up bonuses. However, opening a new card at an inopportune time can create financial strain and impact your long-term financial stability. Knowing when to pause on adding a new…
When purchasing a new car, the decision to invest in an extended warranty can be tough. With warranty costs ranging from $2,000 to $5,000, or an average of $110 monthly, adding this expense to the already high cost of owning a vehicle…
