Today: 16. Nov, 2024
The Social Security Administration (SSA) has recently announced a pivotal update that marks a significant shift in how benefits will be calculated for certain groups reliant on social security. This change, heralded as both a practical and humanitarian advancement, aims to alleviate…
As the federal tax deadline looms just two weeks away, many individuals might scramble to adjust their tax bill or enhance their refunds. While it’s true that the window for some tax-saving strategies has closed with the end of the year, experts…
The juxtaposition of a “motherhood penalty” against a fatherhood wage “bonus” reveals a stark disparity in the economic impacts of parenthood on men and women. A recent study published in the Proceedings of the National Academy of Sciences underscores this divide, highlighting…
In a distressing revelation, Democratic lawmakers, including Sen. Elizabeth Warren (D-Mass.) and Sen. Ron Wyden (D-Ore.), have voiced serious concerns over the financial stability of millions of older adults grappling with student loans. A letter addressed to the Biden administration highlighted a…
As the tax deadline draws near, the Internal Revenue Service (IRS) has already processed an impressive number of tax refunds, marking a significant period for American taxpayers. The agency has issued over 43 million refunds totaling nearly $135.3 billion, highlighting an active…
In higher education, a storm is brewing that threatens to significantly reduce the number of students embarking on their college journey. At the heart of the turmoil is the Free Application for Federal Student Aid (FAFSA), a crucial step for students seeking…
Social Security plays a pivotal role in the financial planning of older Americans, carrying profound implications for their retirement years. This significance is even more pronounced for women, as highlighted by Mary Beth Franklin, a certified financial planner and Social Security expert,…
In an era dominated by digital interactions and social media, a new financial phenomenon known as “money dysmorphia” is emerging, particularly among young adults. This term describes a distorted perception of one’s economic situation, exacerbated by the relentless comparison to others through…
In retirement planning, target-date funds have become a cornerstone for many investors, particularly those with 401(k) plans. As the Plan Sponsor Council of America reported, these funds constitute nearly a quarter of 401(k) plan assets, a testament to their widespread adoption among…
The Consumer Financial Protection Bureau (CFPB) announced a groundbreaking rule on Tuesday, capping the typical late fee for credit card payments at $8. This significant reduction from the current average of $32 aims to alleviate the financial strain on over 45 million…
