AJ_Watt | E+ | Getty Images Forget volatility. The thing that keeps certified financial planner Neil Waxman on edge is clients’ cybersecurity practices and the threat of identity fraud. “It’s not the markets that keep me up at night,” said Waxman, managing director of Capital Advisors in Shaker Heights, Ohio. “This is the thing that
Personal finance
Beam aimed to let users earn higher interest rates on their money by engaging with its mobile savings app. CNBC Thousands of customers of the savings app Beam, who have been unable to access their funds for months, remain locked out of their accounts despite the company’s promise that all transactions would be processed by
shapecharge | E+ | Getty Images Medicare beneficiaries who pay extra for coverage due to higher income should be aware that those monthly surcharges are creeping up for 2021. With the standard premium for Part B (which covers outpatient care) now set at $148.50 next year, those so-called income-related monthly adjustment amounts, or IRMAAs, will
On the heels of President-elect Joe Biden’s victory, free college may finally become a reality. On the campaign trail, Biden said he will enact legislation to ensure that students can go to community college for up to two years without having to pay tuition. Biden also adopted a proposal from Sen. Bernie Sanders, I-Vt., to
Getty Images If you’re an investor wondering which sectors may do well in 2021, keep an eye on those that would benefit from a dose of pre-Covid normalcy. With Monday’s news that results from a coronavirus vaccine trial were better than expected, the major stock indexes jumped. By mid-day, both the S&P 500 index and
Labor leaders, workers and activists attend a rally for a $15 minimum hourly wage on July 22, 2015 in New York. Spencer Platt | Getty Images The federal minimum wage which is currently $7.25 per hour, has not been updated since 2009 and is an unlivable income in most of the U.S. It may soon
Eric Audras | ONOKY | Getty Images So you finished your estate plan. You finalized a will, made sure beneficiaries are named on financial accounts, signed all other pertinent documents and picked an executor to carry out your wishes when you die. You might have overlooked one consideration: whether you should share the details of
Florida election results are displayed at an election night party for Democratic presidential candidate Joe Biden at the Chase Center in Wilmington, Delaware, on Nov. 3, 2020. Stefani Reynolds | Bloomberg | Getty Images One winner emerged in Florida’s election that wasn’t President Donald Trump or former Vice President Joe Biden. It was the $15
Before the coronavirus crisis, a private school education wasn’t something Jennifer Clayton would have considered for her son, Robbie, 6. Clayton, 43, works in a restaurant in the small town of Lake Hopatcong, New Jersey. Her husband, Joe, is a retired marine. They are not the typical private school family. But when their local public
An employee restocks shelves as shoppers visit a Lowe’s hardware store in Philadelphia, Pennsylvania, U.S. November 4, 2020. Mark Makela | Reuters 1. Amazon Openings: 63,433 Sample position: Warehouse team manager An Amazon fulfillment center in Frankenthal, Germany. Thorsten Wagner | Bloomberg | Getty Images 2. Intuit Openings: 12,667 Sample position: Remote tax expert Smith
Gary Yeowell | DigitalVision | Getty Images If you worked remotely from a different state while waiting out the pandemic, you just might wind up facing a tax surprise when you file next year. That’s because the longer you work away from your home base, the higher the likelihood you could have tax reporting and
A man fills out paperwork while waiting for his number to be called at an unemployment event in Tulsa, Oklahoma on July 15, 2020. Nick Oxford for The Washington Post | Getty Images Vicki Honeycutt lost her job in March, one of millions laid off in the early days of the coronavirus pandemic. To make
Grant McDonald, left, and Stephanie Freed, right, speak at the U.S. capitol on behalf of ExtendPUA.org, the grassroots campaign they started in response to the coronavirus pandemic. Stephanie Freed Stephanie Freed and Grant McDonald never thought they’d be running a grassroots campaign pushing for extended unemployment coverage. Then the coronavirus pandemic hit. Both New York
bymuratdeniz | E+ | Getty Images The standard monthly premium for Medicare Part B will be $148.50 in 2021, officials announced Friday. The $3.90 increase is 2.7% more than the 2020 figure of $144.60, according to information released by the Centers for Medicare and Medicaid Services. The deductible for Part B, which covers outpatient care,
bymuratdeniz | E+ | Getty Images As a group, Medicare beneficiaries generally share at least one thing: Covid-19 risk. Most of the program’s 62.8 million recipients are age 65 or older, making them more likely to develop complications from the virus or succumb to it, according to the Centers for Disease Control and Prevention. Recent
People ride scooters past the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images The Federal Reserve said Thursday it would keep its benchmark interest rate near zero for as long as it takes to help the economy bounce back from the coronavirus crisis. In addition to
As the U.S. stock market is now on track for its best week since April, some 401(k) plan participants started the week making more trades than usual within their retirement savings accounts. As a result, they may have missed out on this post-election rally. The amount of daily trading in 401(k) plans — traditionally seen
Clerkenwell | Vetta | Getty Images Socially responsible, or sustainable, investing — investing in ways to make the world a better place — continues to surge, driven by increasing consumer demand and the recognition that sustainable funds provide returns comparable to traditional funds in addition to lower risk. The first half of 2020 saw a
Ozge Yagmur / EyeEm | EyeEm | Getty Images Voters in four states on Tuesday greenlighted measures to legalize and tax recreational marijuana for adults. Arizona, Montana, New Jersey and South Dakota have joined the 11 states that have already legalized recreational pot. Those other states are Alaska, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Nevada,
People watch a big screen displaying the live election results in Florida at Black Lives Matter plaza across from the White House on election day in Washington, DC on November 3, 2020. Olivier Douliery | AFP | Getty Images One day after the election, the question on everyone’s lips is still, “Who will be president