In this article MBAYX Caiaimage/Robert Daly | Getty Images Chances are that deciding when to claim Social Security likely will be one of the biggest retirement choices you will ever make. Yet a recent survey from MassMutual found that many pre-retirees are getting key facts about the program’s rules wrong — and just one mistake
Month: May 2021
Marko Geber | DigitalVision | Getty Images Americans will be able to stash away more money in health savings accounts next year. Individuals with self-only coverage will be able to save up to $3,650 in an HSA in 2022, the IRS announced Monday. Those with family coverage will be able to save $7,300. More from
Some Americans may be eligible to receive another cash stimulus from their state or local government, according to new spending rules released by the U.S. Department of Treasury on Monday. The rules outlined long-anticipated guidance on the State and Local Coronavirus Fiscal Recovery Fund (Recovery Fund), part of the American Rescue Plan Act. The bill includes $350 billion in direct,
Beatrice is the Consumer Trends Expert for Opendoor. Buying a home will likely be one of the biggest and most important purchases you make during your lifetime, and it’s still part of the American dream. Investing in a home can also be a smart way for younger generations to build wealth over time. Over the last
Leo Lee and his wife, Lydia, relied on takeout and delivery services to keep their Los Angeles restaurant, RiceBox, afloat during the pandemic. Source: Leo Lee Like many small business owners around the country, Leo and Lydia Lee saw the earnings from their Los Angeles restaurant nosedive when the Covid pandemic hit. They also had
A man holds his emotional support dog, named ‘Rhea,’ as he receives a dose of the Johnson & Johnson coronavirus vaccine during a walk-up clinic at the Kennedy Center’s outdoor Reach area on May 06, 2021 in Washington, DC. Chip Somodevilla | Getty Images The rate of average daily new Covid cases in the U.S.
Chicago Federal Reserve President Charles Evans told CNBC on Monday that employment and inflation will have to pick up substantially before he will change his position on monetary policy. Speaking after Friday’s hugely disappointing jobs report, the central bank official said he still thinks the employment picture is strong, though significant areas of weakness remain.
Until the pandemic, many families in the U.S. ruled out a private-school education because of the cost. Yet as the coronavirus crisis raged on, parents increasingly sought out schools that were fully in-person rather than remote — and, for many, that meant switching to an independent institution, regardless the price tag. “I am seeing unprecedented
Tax day this year was extended till May 17, but with that right around the corner, are you ready to file? Many mistakes happen when people are in a hurry, and tax returns are important. Each one must be signed under penalties of perjury. So instead of rushing to file your taxes, you can go
Eric is a Real Estate investor, founder of MartelTurnkey, and author of Stop Trading Your Time for Money. Apartment buildings are widely considered to be a good investment, but are they right for you? To answer this, let’s first differentiate between two investment strategies when it comes to apartment buildings: buying turnkey properties versus value-add properties. Turnkey
By Chris Farrell, Next Avenue Cynthia Murray, who turns 65 years this month, is a 20-year Walmart WMT associate in Laurel, Md. who puts in 32 hours in a four-day workweek. In February 2021, she got a 30-cent an hour raise boosting her hourly wage to $15.27. But even at that level, Murray can’t afford to
Crowds thronged Singapore’s shopping belt, Orchard Road, in preparation for the festive season on Dec. 12, 2020 in the middle of the Covid-19 pandemic. Zakaria Zainal | Anadolu Agency | Getty Images SINGAPORE — Covid-19 is “permanent” and subsequent waves of infections will be a normal occurrence in the coming years, Singapore’s Foreign Minister Vivian
A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters BEIJING — Ant Group, an affiliate of Alibaba, is becoming one of the first major privately run businesses to work with China’s digital currency trials. MYbank
In addition to on-site yoga classes and ergonomic desks, companies may have a new wellness initiative up their sleeves — granting workers an annual period of remote work. Remote work has proved popular with many workers, with 54% of employees saying they want to keep working from home after the pandemic ends, according to
bymuratdeniz | iStock | Getty Images If you haven’t filed your 2020 tax return, the clock is ticking. The deadline for 2020 returns is Monday, May 17. In March, the IRS pushed back the date for individual returns due to the coronavirus pandemic, giving most Americans an extra month to file. Even with the additional
By Nancy Collamer, Next Avenue The freelance market is heating up. During the first quarter of 2021, the Freelancer.com platform posted over a half million jobs. And during the same period, FlexJobs.com reported a 10%+ jump in postings for freelancers in a variety of career categories. It’s a trend that’s unlikely to cool anytime soon and
Signage is displayed on a fence at the Colonial Pipeline Co. Pelham junction and tank farm in Pelham, Alabama, U.S., on Monday, Sept. 19, 2016. Luke Sharrett | Bloomberg | Getty Images Fuel prices jumped in trading on Sunday night, as much of one of the largest pipelines in the U.S. remains closed following a
Michael Nagle | Bloomberg | Getty Images Futures contracts held steady at the start of the overnight session Sunday evening, suggesting that the major U.S. equity indexes could trade at or near records when regular trading opens in New York. Dow futures gained 35 points, while those linked to the S&P 500 rose 0.1%. Nasdaq
Jamie Dimon, JPMorgan Chase chairman and CEO, shared a bit of wisdom with Ohio State University graduates during his commencement address on Sunday. “I’m always hesitant to give advice, because it sounds like I did everything right,” Dimon said, “but I assure you, I did not.” To start, Dimon told the graduates about the importance
Mary Ann Sergeant Source: Kara Sergeant After a year of grappling with the pandemic, many baby boomers have made changes to their retirement plans. Mary Ann Sergeant, 65, spent more than 15 years working as a pharmacy technician at Anna Jaques Hospital in Newburyport, Massachusetts. She wasn’t planning to retire from the community hospital for
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