Personal finance

Olga Ryazantseva | Istock | Getty Images After applying for student loan forgiveness, some borrowers are receiving what looks like good news from the U.S. Department of Education. “We reviewed your application and determined that you are eligible for loan relief under the Plan,” according to a letter sent out by Education Secretary Miguel A.

Samuel Corum | Getty Images News | Getty Images For supporters of congressional proposals to improve the U.S. retirement system, it’s about to be a nail-biting few weeks. Lawmakers are heading back to Washington next week to finish out the so-called lame-duck session — the legislative period between the midterm elections and the new Congress,

David Jakle | Image Source | Getty Images If you’re retired and giving to charity this holiday season, experts say there’s a way to trim your 2022 tax bill while supporting your favorite cause. Despite economic uncertainty, the majority of American adults plan to donate similar amounts this year as they did last year, a

Bahamas-based crypto exchange FTX filed for bankruptcy in the U.S. on Nov. 11, 2022, seeking court protection as it looks for a way to return money to users. Nurphoto | Nurphoto | Getty Images After a difficult year for digital assets, many investors were blindsided by the recent collapse of cryptocurrency exchange FTX, as customers

U.S. President Joe Biden speaks about student loan debt at the White House on Aug. 24, 2022 in Washington, DC. Alex Wong | Getty The Biden administration on Friday asked the Supreme Court to reinstate its federal student loan program after a federal appeals court issued a nationwide injunction against the plan. The administration’s request,

Tom Brenner | Reuters The midterm elections made two key federal programs seniors rely on — Social Security and Medicare — a topic of national conversation. Now, as the final vote tally comes in — with a Democratic majority in the Senate and a Republican majority in the House of Representatives — advocates for the

Violetastoimenova | E+ | Getty Images Even as companies spend more on pay raises in a tight labor market, those increases aren’t yet keeping up with inflation. Overall salary boosts are forecast to be 4.6% in 2023, up from a mid-year estimate of 4.1% and higher than the 4.2% bump that workers got this year,

Peathegee Inc It’s no secret that it’s a tough market for prospective home buyers. In October, U.S. buyers needed to earn $107,281 to afford the median monthly mortgage payment of $2,682 for a “typical home,” Redfin reported this week.  That’s 45.6% higher than the $73,668 yearly income needed to cover the median mortgage payment 12

In this article LC TRU Follow your favorite stocksCREATE FREE ACCOUNT Just as the holiday shopping season gets into full swing, families are finding less slack in their budgets than before. As of October, 60% of Americans were living paycheck to paycheck, according to a recent LendingClub report. A year ago, the number of adults

Vladimir Vladimirov | E+ | Getty Images With the holiday season about to be in full swing, the giving spirit is likely to follow. If you’re among those who plan to make charitable donations before the end of the year, it’s worth making sure you know exactly where your money is going and how it

Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 on Nov. 13, 2022 in Duesseldorf, Germany. Kevin Mazur | Wireimage | Getty Images Taylor Swift fans are not having a “Love Story” with Ticketmaster — and may fall victim to scams if they’re not careful when looking for affordable concert tickets.

In this article FIS Follow your favorite stocksCREATE FREE ACCOUNT Months of market swings have taken a heavy toll on retirement savers. The average 401(k) balance sank for the third consecutive quarter and is now down 23% from a year ago to $97,200, according to a new report by Fidelity Investments, the nation’s largest provider

In an economy that has produced the highest inflation rate since the early 1980s, Americans are struggling to keep up with day-to-day expenses. More consumers are now relying on credit cards to get by, which has helped propel total credit card debt to $930 billion in the third quarter, just shy of the all-time record, according to

Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2020. Paul Morigi | Getty Images Entertainment | Getty Images Student loan default rates could dramatically spike if the Biden administration’s loan forgiveness plan is blocked, a top official at the U.S. Department of Education said

damircudic | Getty After a rough year for cryptocurrency, taxes may not be a top priority for digital currency investors battered by steep losses. But the falling crypto market and the recent collapse of digital currency exchange FTX may affect next year’s tax bill — and beyond, according to financial experts. Despite recent losses, “gains

Marcos Elihu Castillo Ramirez | iStock | Getty Images For some individuals, signing up for Medicare hasn’t translated into coverage starting right away. That’s poised to change: Beginning next year, current months-long delays in certain Medicare enrollment situations will be eliminated. Additionally, would-be beneficiaries who missed signing up when they were supposed to due to

Thomas Barwick | Digitalvision | Getty Images If you haven’t filed a 2021 federal tax return, there may be a chance you could be missing out on some generous tax credits. A simplified filing tool — GetCTC.org — will let you submit your information in order to receive any money due to you. But you

Me 3645 Studio | Moment | Getty Images Cautious investors are turning over every rock in the equities market in search of stocks that have not only high growth potential, but also a record of resiliency in downturns. Yet this dual advantage — a good offense and a good defense — really isn’t that hard

An ‘open house’ flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison Dinner | Getty Images There are signs inflation may fall further in coming months, but housing threatens to mute any improvement. The consumer price index, a key barometer of inflation, rose 7.7% in October from

MStudioImages | E+ | Getty Images If you’re one of the masses of new Series I bond owners, there are a few things to weigh before cashing in your assets, experts say.   Investors purchased nearly $7 billion in I bonds in October, according to the U.S. Department of the Treasury, with $979 million flooding into