Personal finance

Morsa Images | Digitalvision | Getty Images About 8 million Americans rely on federal benefits that provide income to the elderly, blind and disabled who have little or no income or resources. Yet the program — Supplemental Security Income, or SSI — has not been updated in about 40 years. A bill called the SSI
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A simplified Free Application for Federal Student Aid is set to roll out by the end of the month. However, the new FAFSA may launch with outdated inflation figures, which could mean many students “will get less financial aid than they deserve,” according to higher education expert Mark Kantrowitz. “It is a pretty big deal,” he said. “We are
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People exit the Supreme Court building in Washington, D.C. on Tuesday, June 27, 2023. Minh Connors | The Washington Post | Getty Images The Supreme Court is set to hear oral arguments Tuesday on a case that could affect broad swaths of the U.S. tax code and federal revenue. The closely watched case, Moore v.
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For many families, financial aid is key when it comes to paying for college. But students must first fill out the Free Application for Federal Student Aid to access any assistance. And this year, the FAFSA has been significantly delayed. For the 2024-2025 school year, a new, streamlined FAFSA form will be available on or before
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A US Air Force (USAF) Lockheed Martin F-35A Lightning II all-weather stealth multirole combat aircraft flies over during the 2023 Dubai Airshow at Dubai World Central – Al-Maktoum International Airport in Dubai on November 13, 2023.  Giuseppe Cacace | Afp | Getty Images In times of war, investors’ thoughts naturally may turn to defense stocks.
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Hero Images | Hero Images | Getty Images Even before the Supreme Court blocked President Joe Biden’s plan to forgive student debt, fewer students were enrolling in college. Nationwide, enrollment has lagged since the start of the Covid-19 pandemic, when a significant number of students decided against a four-year degree in favor of joining the workforce or completing a certificate
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Richard Stephen | Istock | Getty Images When Joyce Debnam’s husband passed away, she began receiving $1,400 a month in Social Security survivor benefits. Eight months later, that income unexpectedly changed. The trigger: Debnam retired from her job at the United States Postal Service in 2013 after four decades of service. That life change prompted
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A higher cost of living and growing savings shortfall has many Americans worried about their retirement security. Those financial strains also make it harder for many workers to fund a retirement account.  To that point, 41% don’t contribute any money at all to a 401(k) or employer-sponsored plan, according to a CNBC Your Money Survey
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Pedestrians walk in front of the IBM building in New York. Scott Mlyn | CNBC IBM, which decades ago helped lead the shift from defined benefit plans to defined contribution plans, recently told U.S. employees it will be scrapping its 401(k) match in favor of funding what it calls a “retirement benefit account.” Other companies
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