Alistair Berg | DigitalVision | Getty Images Once you hit your 60s, it’s time to figure out when you want to retire — and whether or not you can make it happen. By the age of 67, which is when people born in 1960 or later can fully retire on Social Security, you should have
Personal finance
Westend61 | Westend61 | Getty Images With so many companies seeking to cut costs to survive the Covid-19-induced economic downturn, many corporate executives are now weighing the answer to a simple question: “Does it make sense to take an early retirement?” I work closely with corporate executives from a wide range of Fortune 500 companies.
Ariel Skelley | DigitalVision | Getty Images It’s no wonder so many Americans retire down south. The Sunshine State has four of the top five places for retirement, according to the latest WalletHub Best & Worst Places to Retire report. “Florida is a tax haven for everyone, but especially for the elderly, so when it
The U.S. Supreme Court. Phil Roeder | Moment | Getty Images The Supreme Court may soon erase the Affordable Care Act from existence — an outcome that could have far-reaching consequences for American health care. The high court is expected to hear oral arguments in a case seeking to overturn the law, also known as Obamacare,
Jose Luis Pelaez Inc | DigitalVision | Getty Images Oct.1 is around the corner. And even though millions of Americans are living without a steady paycheck amid the pandemic, the bills are still due. Making the situation worse is that fact that Congress hasn’t been able to reach a deal on another stimulus package, leaving
Emergency Rescue Service (SAMU) nurse Belisa Marcelino checks the lungs of Maria Geralda da Silva, 84, who is experiencing breathing difficulty and others symptoms of the coronavirus disease (COVID-19), as preparation is made to transfer the patient to a hospital amid the outbreak, in Sao Paulo, Brazil. Amanda Perobelli | Reuters You may have heard
SDI Productions | E+ | Getty Images Financial aid packages for next year might be woefully short for college students whose parents have lost their jobs amid the Covid-19 downturn. Students can begin applying for financial aid as early as Oct. 1. That’s the first day they can fill out the Free Application for Federal
Sam Fornasiero Sam Fornasiero For an instant, luck seemed to change for Sam Fornasiero. The 21-year-old’s phone call was put on hold — a noteworthy improvement relative to the 2,000-plus prior attempts to reach New Jersey’s unemployment bureau, by his estimation. The call went dead after a half hour of waiting. But Fornasiero has gotten good at
zimmytws | iStock | Getty Images The stimulus stalemate has pitted Democrats and Republicans against each other on Capitol Hill. But another issue — Social Security and its ability to pay retirement, disability, survivor and other benefits into the future — has also created a rift between leaders of the two parties. Congressional lawmakers gathered
The possibility of more campus closures has sparked a sudden interest in withdrawing from college before it’s too late. “All of us are counting down to the tuition deadline,” said Carla Voight, 20, a junior at the University of Michigan in Ann Arbor, referring to the last day students are eligible for some reimbursement if
Scott Heins | Getty Images News | Getty Images Mom-and-pop landlords are in a worse financial position relative to their higher-earning peers as unemployment remains elevated and Americans continue to struggle to pay rent, according to a new analysis. Roughly a third of individual landlords who own residential property are from low- to moderate-income households
It’s been said that men come from Mars and women, Venus. It looks like they’re also headed in different directions when it comes to vacations here on Earth, according to insurer Berkshire Hathaway Travel Protection. Women, in general, tend to play it safer when it comes to travel planning in the age of Covid-19, according
People wait in line at a food bank in Van Nuys, California, on April 9, 2020. Mario Tama | Getty Images News | Getty Images The economic crisis unleashed by the coronavirus pandemic may be over for some groups of Americans — primarily the wealthy and White — even as it lingers in other corners of the
Democratic presidential candidate former Vice President Joe Biden reacts while giving a speech during a campaign event at Tougaloo College on March 08, 2020 in Tougaloo, Mississippi. Jonathan Bachman | Getty Images The 2020 presidential election could be a make it or break it moment for Social Security. The reason: Social Security’s funding, already on
Democrats and Republicans still haven’t reached a deal on another stimulus package. Al Drago/Bloomberg via Getty Images It’s a scary time for millions of Americans as Congress is still unable to reach a compromise on a stimulus package that could include another round of direct payments and more unemployment benefits. Jobless rates are still high,
Getty Images Saving for retirement is crucial. Yet trying to figure out the best retirement plan may leave many people confused. You may have the option to contribute to an employer-sponsored plan, like a 401(k) plan. There are also individual retirement accounts: the traditional, into which contributions are made pre-tax, and Roth IRAs, in which
Miami resident Willie Mae Daniels, with granddaughter, Karyah Davis, 6, was laid off from her job as a food service cashier at the University of Miami on March 17. Joe Raedle | Getty Images News | Getty Images In just the past six months, more than 22 million American jobs have been lost, and fewer
With the fall semester just underway, and cases of coronavirus rising at colleges across the country, one school after another is pivoting to distance learning. That doesn’t sit well with students who signed up for — and paid for — on-campus instruction. Although Virginia Commonwealth University adopted a hybrid approach with a combination of in-person and
Getty Images If you’ve thought about refinancing your mortgage, be aware that it may soon be a more expensive proposition. Due to a 0.5% “adverse market” fee, effective Dec. 1 and imposed on lenders by mortgage backers Fannie Mae and Freddie Mac, many homeowners are expected to absorb at least some of the cost when
Marko Geber | DigitalVision | Getty Images Open enrollment for health insurance is around the corner. That means if you’re shopping on your own for medical coverage, be on guard. New research from the U.S. Government Accountability Office found that some insurance agents engaged in potentially deceptive sales practices when marketing health care coverage. From