Advisors

Mixmedia | E+ | Getty Images There’s a renewed push in Congress to let Medicare beneficiaries set aside pre-tax money for medical expenses. Called the Health Savings for Seniors Act and introduced this month in the House, the bipartisan bill revives past legislative efforts to let individuals on Medicare contribute to health savings accounts, or

Eric Audras / Getty Images What type of insurance should you have at different stages of your life? When asked, financial advisors pointed to disability and life insurance as most important kind of coverage at any stage, as they apply throughout our lives. In addition, advisors discussed often overlooked considerations for different points in your

Three Spots | Istock | Getty Images When you get a new job, there may be a lot of things you want to forget entirely about your former employer. Just be sure your 401(k) plan isn’t one of them. While you may have options for how to handle that retirement savings, there are situations when

The Good Brigade | Digitalvision | Getty Images A popular way to save for out-of-pocket medical expenses might be contributing to health-care inequality, new research suggests. Health savings accounts are tax-advantaged accounts available to Americans with high-deductible health insurance policies. Federal law established them in 2003. Since then, HSAs have grown quickly as employers have

In this article PFG Blackcat | E+ | Getty Images If your employer’s contributions to your 401(k) plan are a big part of your retirement planning, be sure you understand when that money will actually belong to you. Vesting schedules — the length of time you must be at an employer for its contributions to

Asiavision | E+ | Getty Images If you haven’t filed your taxes because you owe money, it may be a costly mistake, financial experts say. That’s because the late filing penalty for federal taxes is 5% of your unpaid balance per month capped at 25%, whereas the late payment fee is 0.5%, said certified financial planner Larry Harris, director

Muslianshah Masrie | Photodisc | Getty Images Are you saving enough now for your eventual retirement? The odds are that you probably aren’t. The latest Federal Reserve Survey of Consumer Finances for 2019 found that the median amount of savings in Americans’ retirement accounts was $65,000. To say the least, that nest egg will not

RyanJLane | E+ | Getty Images If you’re rattled by soaring prices, I bonds, a popular inflation-protected and nearly risk-free asset, may soon become even more appealing, experts say. While I bonds currently pay 7.12% annual returns through April, that rate may jump to 9.62% in May, according to Ken Tumin, founder and editor of Depositaccounts.com,

The U.S. Department of Education in Washington, D.C. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images Along with the announcement last week that the ongoing payment pause on federal student loans would be extended for another four months, the Biden administration also offered good news to borrowers who were behind on their debt prior

Prathanchorruangsak | Istock | Getty Images With one week left to file your federal taxes, it’s easy to overlook another sneaky deadline: the due date for first-quarter estimated tax payments. If you have income from self-employment, a small business, gig economy work, investments and more, you must make a payment by April 18. You need

Cecilie_arcurs | E+ | Getty Images Two of every 5 workers who switched jobs over the past year are looking for work again, according to a new survey published by Grant Thornton, a consulting firm. These workers will likely account for a good deal of churn in the labor market as the so-called Great Resignation

Anchiy | E+ | Getty Images Many individual investors often look at public markets like they are the only game in town to make money and meet their financial goals. But with lofty valuations of public companies and depressed bond yields, the traditional 60/40 stock-to-bond portfolio has been thrown to the wayside, so the next

bymuratdeniz | iStock | Getty Images There are 10 days until April 18, the tax deadline for most Americans, and the IRS has already sent more than 63 million refunds worth over $204 billion in total, as of April 1, the agency reported Friday. Almost one-third of Americans don’t file until the last minute, according to a

mediaphotos | E+ | Getty Images If you still haven’t filed your taxes, you’re not alone. But if you’re worried about the April 18 deadline, it may be time to consider an extension, financial experts say. Nearly one-third of Americans don’t file until the last minute, according to a report from IPX 1031, with many

Jackstar | Image Source | Getty Images With inflation exceeding 7% for the first time in 40 years and the recent inversion of the so-called yield curve, many investors are left wondering whether they should change their investment strategy. I don’t blame them. If we look at the data, it is clear that U.S. stocks

George | Moment | Getty Images As the April 18 tax deadline approaches, most cryptocurrency investors still aren’t prepared to file, according to a survey from CoinTracker, a crypto portfolio tracking and tax software company. As of March 27, some 96% of digital currency investors hadn’t submitted their returns, the findings show, and 75% aren’t

Supporters of former President Donald Trump and then-candidate President Joe Biden talk before a March 7, 2020 rally at the National World War I Museum and Memorial in Kansas City, Missouri. Kyle Rivas | Getty Images Women ages 50 and over are one of the largest, most reliable groups of voters. And going into this

Luis Alvarez | Digitalvision | Getty Images There’s a pervasive myth about credit-card balances and credit scores — and it may be costing you money. Sixty-five percent of Americans think carrying a small balance on their credit card each month will improve their credit score, according to a recent Lending Tree survey. The share is

Simonkr | E+ | Getty Images For most Americans, reaching retirement with a large enough nest egg requires decades of planning, as well as consistent and adequate saving. Figuring out where to begin — or if you’re on the right track at any age — can be confusing and daunting. How much to save for

Itza Villavicencio Urbieta | Istock | Getty Images There’s a decent chance that Congress will pass a bill this year aimed at improving the U.S. retirement system — it just may look different from what cleared the House last week. Known as “Secure 2.0,” the Securing a Strong Retirement Act (H.R. 2954) was approved March