Student loan borrowers with cancer can now pause their payments. Under the rule, included in a recent bipartisan congressional spending package, borrowers are exempt from student loan payments throughout their treatment for cancer and then for six months afterward. Additionally, interest will not accrue during the postponement. Some cancer patients can rack up an extra
We’re all living longer. Advisors commonly tell people to plan on 20 or 30 years in retirement, and an often-mentioned target sum for savings is $1 million. More than two-thirds of people over age 21 say living that long would actually be a financial hardship, according to a Wells Fargo study on retirement attitudes. Wells
You’ve heard of a Roth IRA, but how about a Roth 401(k)? This under-used retirement vehicle is worth another look as part of your savings strategy. A Roth 401(k) is an option within a workplace retirement plan to put aside after-tax dollars. Unlike better-known Roth IRAs, there’s no income limit on who can participate —
Ultra-wealthy investors aren’t bullish on the markets but they are well positioned to “weather the storm,” according to Michael Sonnenfeldt, founder of investment club Tiger 21. In the third quarter, Tiger 21 members moved more capital into real estate and private equity, according to its latest asset allocation report. The network, which is made up
Even though the tax legislation has changed, you don’t need to pay through the nose for help filing your return. In some cases, it’s free. In theory, the Tax Cuts and Jobs Act — which roughly doubled the standard deduction, did away with personal exemptions and trimmed individual income tax rates — should make it
Matt Tremel is one of 96 people to have his student debt canceled though the public service loan forgiveness program. Happy endings like his were not supposed to be so rare. One-quarter of American workers were expected to be eligible for the program, which allows certain not-for-profit and government employees to have their federal student
Age 70 could be the new 50. At least that’s what many women are saying when it comes to how they perceive their retirement years. A new survey from TD Ameritrade found that 73 percent of women said 70 is the new 50, while 59 percent of men said the same. The results come from
While you’re making a Black Friday game plan, experts say there’s one place where you absolutely should not shop: the driver’s seat of your car. One-third of Americans who shop on mobile devices say they have done so while driving, according to a new survey from Root Insurance, an app-based auto insurer. Among those who
Ever get an uncomfortable feeling in your stomach during a job interview? Ever see two interviewers swivel their heads toward one another, lock eyes and pause before answering your question? If you’re the kind of person who wants to know the other side of the story, here’s a way to interpret some interview clues that
Amy and Bill Keane had long dreamed of a “see the world” retirement, since busy careers limited their vacation time. “We’ve been living that dream now for nearly seven years,” Amy Keane said. The Keanes visited Ecuador twice before deciding to move to Cuenca. On each trip, there were meetings with realtors, visa attorneys, insurance
Come to Nevada for the roulette tables. Stay for the affordable retiree health insurance. That’s because the Silver State is home to the lowest Medicare Advantage costs for the 2019 plan year, according to an analysis by HealthMarkets Insurance Agency. The firm studied cost data from the Centers for Medicare & Medicaid Services. You might
If you think having retirement savings equivalent to twice your salary by the time you’re 35 is a tough pill to swallow, be glad you don’t live in Hong Kong. Or Germany. Fidelity Investments — whose retirement benchmark advice for U.S. workers went viral earlier this year — has taken its act global. The brokerage
Plan now and avoid buyer’s remorse. That’s the advice from personal finance website Money Under 30, which found millennials are less price-sensitive and twice as likely as the general population not to know their credit scores. The site asked 612 adults, including 159 millennials, in April about their finances and what they thought about their
As an entrepreneur, you wear many hats — visionary, technician and manager. But you must not let the hustle and bustle of your business steer you away from having a solid financial foundation. Showing discipline with your personal finances will strengthen your success with your business finances. A few basic initial steps can be taken
Americans are confident they’ll be rich — but their finances say otherwise. A survey by personal finance site GoBankingRates asked people to rate their confidence, on a scale of 1 to 5, of someday being rich. A quarter called themselves “very confident,” but most also admitted they weren’t taking any steps toward reaching that goal.
Nobody really has a grip on thank-you notes. People like them, and practically everyone recommends sending them. But they won’t get you that job. Or maybe they will. Omari M. W. Allen, marketing manager at a digital media company, said he likes receiving thank-you notes and they can give a candidate an edge if the
For credit card companies, millennials are the Holy Grail. In sheer size, they outnumber any other demographic. They’re also spending more than other generations on everyday purchases such as groceries and gas, as well as on experiences such as dining out, according to a report by Bankrate.com. And, because they are just starting out, they
Americans have, on average, more than three credit cards each. Many also have debit cards, flexible spending cards and other accounts that are all associated with a unique 16-digit number that enables transactions. Plus, most popular virtual payment methods now use so-called tokenization, which means that there are additional unique numbers tied to your account.
The fact that paychecks have been slow to increase amid the robust economic recovery and record-high corporate profits has left some workers frustrated. Recently, a possible theory has emerged: instead of raising wages, companies are giving out bonuses and adding benefits. Don’t get your hopes up, experts say. “I’m not aware of any evidence that
Giving your Medicare coverage a yearly checkup is one of those things that might be a pain in the caboose. Yet the chore could help keep your finances on track. During the program’s annual enrollment period, which opened Oct. 15 and closes Dec. 7, beneficiaries can make changes to coverage that will take effect Jan.
Residents affected by the three fires scorching parts of California have yet another ordeal to contend with: beginning the homeowners’ insurance claims process. Two of the blazes — the Hill Fire and the Woolsey Fire — ignited in southern California on Thursday, setting off evacuations, according to the Ventura County Fire Department. Meanwhile, the Camp
The IRS has been warning filers all year to ensure they’re withholding enough tax from their pay in order to avoid a surprise tax bill in 2019. Turns out, few people seem to be listening. At least that’s the conclusion from a recent survey by Liberty Tax. The tax preparer polled 1,020 individuals online in
When it came to tax measures on the ballot, midterm election voters were quick to say, “no.” In the last 15 years, voters have approved about half of tax measures on ballots, said Vanessa Williamson, a fellow in governance studies at Brookings Institution. This year, there were a lot more “no’s” than typical, she said,
With Congress now split between Democrats and Republicans, consumer-related legislation is likely to be caught in the crosshairs. “You shouldn’t expect much coming out of Washington that will directly affect your personal finances,” said Ric Edelman, the chairman of financial education and client experience at Edelman Financial Engines. At stake are regulations around lending, student
Medical school might be your ticket into the millionaires’ club — provided you can repay the debt you’ll incur on the way. Indeed, many of the nation’s highest-paying occupations are in the health-care field, according to a GoBankingRates analysis of 2017 compensation data from the U.S. Bureau of Labor Statistics. Anesthesiologists are the top earners
The way a mortgage affects your credit score is like a kick in the shin. You make sure your score is good enough to qualify for a home loan, and then the purchase pushes your number down. That drop averages 15 points, although some consumers can see their score slide by as much as 40
Faithfully saving money for your child’s higher education might be all for naught if you’re stashing cash in a savings account. College savings accounts, known as 529 plans, offer families a way to save on a tax-favored basis: Money you save here accumulates on a tax-deferred basis. Account holders may tap their cash tax-free if
We’re just a day away from the midterm elections, and the big question on everyone’s mind is what Congress will look like in January. Whether the long-term bull market will derail is one question. Additionally, a lot of progress of the last couple of years has been attributed to tax cuts and deregulation, lowering expenses
About 10 miles from Cancun, Isla Mujeres is a world away from the hustle and bustle of its more tourism-developed neighbor. Instead of cars, many use golf carts for transportation. Most of the year, the island has a warm tropical climate in the low to mid 80s F. The nearby reef offers scuba, fishing, swimming,
Open enrollment, the annual period where you can sign up for plans that fall under the Affordable Care Act — also popularly called Obamacare — has started. In 2016, about 16 percent of Americans bought private individual health plans, which includes Affordable Care Act offerings sold on government exchanges, according to the U.S. Census Bureau.