Personal finance

Millionaires may not be as uncommon as you think. There are more than 20 million people in the U.S. with enough assets to fit the definition, according to a 2020 study by Credit Suisse. Chris Hogan, radio host and author of the book “Everyday Millionaires,” surveyed more than 10,000 of those wealthy individuals to figure

The Federal Trade Commission Building in Washington D.C. Ashley Stringer | CNBC The Federal Trade Commission has filed a civil complaint alleging “unfair or deceptive acts” by Beam Financial, a San Francisco start-up behind a savings app that purported to offer above-market interest rates on federally insured deposits. As CNBC first reported in October, dozens

Talaj | iStock | Getty Images With jobs to hold down, children to care for, friendships to maintain, food to be bought and cooked, dishes to be washed and laundry to be done, it can be a challenge to keep up with all the details of your personal finances. In passing, you may wonder: How

As cases of coronavirus surge, far fewer international students are choosing to study in this country, costing the United States billions. It’s also putting a severe strain on colleges and universities nationwide. The number of international students in the U.S. fell for the first time during the 2019-20 academic year, down 1.8%, according to the

Images By Tang Ming Tung If you still haven’t received your $1,200 stimulus check, you may be in luck. There’s one last deadline to submit your information to the government in order to get your payment this year. But you have to act before 3 p.m. this Saturday, Nov. 21. If you miss that cutoff,

[embedded content] [The stream is slated to start at 2 p.m.. ET. Please refresh the page if you do not see a player above at that time.] The Path Forward: Your Money virtual summit brings together some of the top experts in personal finance to provide critical advice on spending and saving, and examine the

Few people have taken advantage of relaxed rules offering early access to retirement savings for those facing financial hardship due to the coronavirus pandemic. Instead, most 401(k) plan participants appear to be staying the course and haven’t made significant changes to their retirement savings. Fidelity, the nation’s largest 401(k) provider, said contributions to its workplace

Aviation workers hold a protest organized by the Association of Flight Attendants outside the U.S. Capitol in Washington, D.C., on Sept. 9, 2020. Saul Loeb | AFP | Getty Images Washington lawmakers have worked to come to an agreement on the next coronavirus relief package for months. Post-election, those talks could get shaken up by

Getty Images If you’re working and have access to a 401(k) plan, socking away at least enough money to grab the company’s matching contribution is key, experts say. Yet how much is that extra cash worth? Most companies that offer these workplace retirement plans will match your contributions up to a certain amount. Depending on

John and David Auten-Schneider on their wedding day. The couple married after more than 13 years together. Studio Lemus John Auten-Schneider and David Auten-Schneider came out about their finances about two years after they started dating. The conversation started while they were looking to buy land in Winter Park, Colorado, to build a weekend home.

Amy Abad-Sosa Amy Abad-Sosa What started out as a fun at-home activity for Amy Abad-Sosa has turned into a source of small business income. The 29-year-old mom of two and bookkeeper, based in Bogota, New Jersey, kicked off her new venture “Adventure Bins” this fall – homemade activity boxes for toddlers and preschoolers. “We’re not

Try – Fail – Success. Andrii Zastrozhnov | iStock | Getty Images Who can go through life without making some financial mistakes? In fact, so personal are matters of the pocketbook that it can be hard to definitely label any one money move a mistake. Maybe you wanted to go back to school and took

During the 2020 presidential campaign, Joe Biden promised to forgive a large chunk of the country’s outstanding student loan debt. Leah Millis | Reuters Even before the pandemic cost Adam Anderson his job, repaying his student loans was a challenge. He owes more than $60,000. He earned around $50,000 a year as a physical therapy

bymuratdeniz | E+ | Getty Images By this point, Medicare beneficiaries likely know that now is the time of year to get their 2021 coverage straight. While many individuals stick with what they have, others may be exploring a more suitable option. If that involves a Medicare supplement plan, aka Medigap, it’s important to know

Senators Kelly Loeffler, R-Ga., and David Perdue, R-Ga., at Hartsfield-Jackson Atlanta International Airport on July 15, 2020. Jonathan Ernst | Reuters Wealthy families have Georgia on their minds. That’s because the outcome of two contentious races for the Senate could shape their plans to pass on millions of dollars to their heirs, as well as

Oliver Rossi | Stone | Getty Images The coronavirus pandemic may be putting you in some uncomfortable financial situations with your family. A relative may have asked for a loan, or your young adult child may be looking to move back home. You may be struggling financially and haven’t addressed it with your kids, or

Volunteers distribute food to the needy in Orlando, Fla. Paul Hennessy/NurPhoto via Getty Images Continuing claims Continuing claims for unemployment benefits are the best available proxy for the total number of people receiving jobless aid. Claims have fallen by more than 10 million since the early summer. There were around 21 million continuing claims through

Seniors MoMo Productions | DigitalVision | Getty Images It’s a common end-of-year refrain: Don’t forget to take your required minimum distribution. But, just as with everything else in 2020, rules for RMDs, as they are generally known, are different this year. Seniors don’t have to take them. The CARES Act passed by Congress in March

President-elect Joe Biden delivers remarks in Wilmington, Delaware, on Nov. 9, 2020. Angela Weiss | AFP | Getty Images President-elect Joe Biden ran on a platform that included proposals to shore up Social Security benefits while extending the program’s solvency. How his administration and the next Congress take shape will help determine just how many

Andersen Ross | Blend Images | Getty Images Making smart tax decisions can have a big impact on the amount of money someone has in retirement. Investing and withdrawing retirement funds in a tax-efficient way is among the top ways financial advisors can boost returns for clients, according to an analysis published by researchers at