You might be wondering why the stock market is doing so well when you’re doing so badly. Even if you’re coasting, you likely know people who are struggling. The reality is, small-town America doesn’t go under the lens of Wall Street, says Walid Petiri, owner of Financial Management Strategies, an advisory firm in Baltimore. Certain
Personal finance
A driver adjusts his face mask as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. (Photo by Mario Tama/Getty Images) Mario Tama Self-employed workers trying to
US President Donald Trump speaks about COVID-19, known as coronavirus, after signing a Proclamation in honor of National Nurses Day in the Oval Office of the White House in Washington, DC, May 6, 2020. Saul Loeb | AFP | Getty Images The White House is weighing a second Tax Day delay, according to NBC News.
New Yorkers giving thanks to all the frontline workers on April 4th, 2020. Adam Jeffery | CNBC New York residents struggling amid the coronavirus pandemic can’t be evicted by their landlords until at least Aug. 20, Gov. Andrew Cuomo said Thursday. Cuomo’s announcement extends the state’s previous moratorium on evictions, which lasted only through June. “I don’t
Medicare isn’t free. And for beneficiaries whose income suddenly has dropped, that fact may now be more challenging. More than a third (37%) of Medicare recipients have experienced income loss due to the coronavirus crisis, according to a recent survey from ehealth.com. Younger beneficiaries are more likely to have suffered: 40% of respondents age 65
rmbarricarte When John Vogt, Jr. wondered where his stimulus check was, he was shocked to find out that he was not eligible for one. Vogt, 49, of Bronx, N.Y., is a fourth-generation American. In July, he married to a woman who is a Brazilian citizen. This year, they filed a joint tax return as a
Design of modern architecture. Top view from the bottom. Modern city architecture. Oleksandr Amid the coronavirus pandemic, renters in many states are protected by a temporary moratorium on evictions. However, the rules leave tenants across the country with a lot of unanswered questions. For example, can a landlord evict you as soon as the relief
Oliver Rossi Many financial advisors may soon have to start calling themselves something else. Some financial and wealth advisors will have to ditch the term “advisor” in their marketing, according to a federal rule that takes effect next month. The rule, known as Regulation Best Interest, and issued by the SEC, aims to reduce investors’
A restaurant employee wearing a protective mask poses behind the counter amid the coronavirus pandemic on April 28, 2020 in New York City. Alexi Rosenfeld When it comes to the economic fallout from the coronavirus pandemic, many young professionals are asking, “Will I still have a job?” And no wonder, as 63% of young Americans
Your health savings account may be able to give you some extra help during the coronavirus crisis. An HSA is a savings account you can use to pay for qualified medical expenses. You contribute money pre-tax, the savings grow tax-free and your withdrawals generally aren’t taxed. HSAs are available only to those who have high-deductible
DjelicS | E+ | Getty Images Small-business owners lucky enough to obtain an emergency loan through the Paycheck Protection Program have an uphill battle ahead: navigating forgiveness. The U.S. Small Business Administration has made 2.2 million loans to small businesses in the week since it’s reopened the emergency loan program. Congress refilled the pot to
Fertnig | E+ | Getty Images People who receive Supplemental Security Income or Department of Veterans Affairs benefits have just one more day to supply the federal government with information on any qualifying dependents who should be included in their stimulus payments. Millions of stimulus payments are in the process of being deployed to Americans.
Volunteers prepare groceries to be given out at a drive-thru Three Square Food Bank emergency food distribution site at Boulder Station Hotel & Casino in response to an increase in demand amid the coronavirus pandemic on April 29, 2020 in Las Vegas, Nevada. DAVID BECKER There’s no question many Americans need help right now. More
Curt Pickens | Getty Images The woman who approached our doorstep Monday morning was wearing a mask, her eyes doing their best to smile a greeting. She was hugging a folder and a bundle of papers. I held the door open for her but didn’t extend my hand for her to shake. Nor did she,
On social media, some students have teased that their elite college experience is now akin to the University of Phoenix. However, those online institutions may have the last laugh. “If they are going to go online anyway, they may want to do it with a school that’s been at this for 30 years,” said John
The private student loan market has been growing for a decade, and now, amid an economy on near lock-down from the coronavirus pandemic, borrowers find themselves with few relief options. That’s one of the takeaways from a new report by the Student Borrower Protection Center, a nonprofit started last year by Seth Frotman, former assistant
Helen H. Richardson | Denver Post | Getty Images If you own a home and you’re looking for some emergency funding, you may be running out of opportunities. Home equity lines of credit allow you to borrow against the equity you’ve accumulated in your home, be it for a surprise cash need or a home
NoDerog | E+ | Getty Images Millions of families are counting on government stimulus payments to get some financial relief amid the coronavirus pandemic. However, some are opening their bank accounts to find an unwelcome surprise: payments that exclude their qualifying children. Many complaints are coming from one particular group: individuals who are receiving government
If daydreaming about scoring a windfall would help you escape the coronavirus doldrums, you might want to buy a Mega Millions ticket. The lottery game’s jackpot has reached the $200 million mark for the first time in almost three months amid slowing sales. And if all six numbers are matched in Friday night’s drawing, it
If you got a refund from college for room and board or other expenses, consider yourself lucky. But beware of the potential tax bite. As colleges and universities across the U.S. remain closed in an effort to slow the spread of Covid-19, refunds for meals or housing have varied from school to school. Still, when it comes