Cash savers still have an opportunity to beat inflation. Here’s how

Riska | E+ | Getty Images It may be a while longer before the Federal Reserve lowers interest rates, experts now say. That means savers can still earn the best returns on... Read more »

Biden’s student loan forgiveness plan could erase up to $20,000 in interest

U.S. President Joe Biden waves as he departs for Baltimore from the White House in Washington, U.S., April 5, 2024.  Kevin Lamarque | Reuters Interest provision may erase up to $20,000 per... Read more »

Turning 65? What to know when planning for Medicare, Social Security

A “silver tsunami” — with a record number of Americans expected to turn age 65 — is here. Americans who reach that milestone age face high-stakes financial decisions. Two of the most... Read more »

Mega Millions $1.1 billion jackpot winner could face these pitfalls

The Mega Millions jackpot grew to more than $1.6 billion on Aug. 9, 2023. Justin Sullivan | Getty Images State taxes can be hefty “None of these winners think about taxes until... Read more »

How Hedge Funds Attract, Retain Top Talent: IDW Group’s Ilana Weinstein Explains

The hedge fund industry’s biggest stars are looking beyond money when they plot their career moves, according to IDW Group founder and Chief Executive Officer Ilana Weinstein. After a year or two... Read more »

Here’s what to know before using AI chatbots to file your taxes

Songsak Rohprasit | Moment | Getty Images The tax deadline is approaching and some filers are turning to chatbots powered by artificial intelligence for help with returns. But taxpayers should be wary... Read more »

Powerball jackpot hits $1.3 billion. Here’s how purchases are changing

The growth of ‘lottery couriers’ U.S. lottery sales exceeded $113.3 billion in 2023, according to the North American Association of State and Provincial Lotteries. With varying state and provincial regulations, players have... Read more »

You can still lower your tax bill with a ‘spousal IRA’ contribution

10’000 Hours | Digitalvision | Getty Images There’s still time to lower your 2023 tax bill or boost your refund with a lesser-known retirement savings strategy for married couples. One requirement for... Read more »

There’s still time to meet the IRA contribution deadline for 2023

Damircudic | E+ | Getty Images The tax deadline is approaching and there’s still time to score a deduction with a pretax individual retirement account contribution — if you qualify. For 2023,... Read more »

High yield CDs are coming due. Here’s where savers are moving cash

Investors who piled into short-term certificates of deposit over the course of the Federal Reserve’s rate-hiking campaign now face a conundrum: What will they do with the money once it matures? The... Read more »

Here’s the tax bill for the winning $1.128B Mega Millions ticket

Xavier Lorenzo | Moment | Getty Images There is officially one winner for the $1.128 billion Mega Millions jackpot — and the taxman will take a sizable share, experts say. A single... Read more »

Here are some big money blind spots you need to avoid, advisors say

Image Source | Image Source | Getty Images Managing one’s personal finances can seem like a hodgepodge of never-ending checklists and rules of thumb. With all sorts of financial considerations vying for... Read more »

Costs at some colleges near $100,000 a year; many families pay a lot less

The price tag for a college education has never been higher — and it’s only going up. The cost of attendance at some schools, including New York University, Tufts, Brown, Yale, and... Read more »

How to avoid ‘ghost preparers’ and other tax scams as deadline nears

As the April 15 federal tax deadline draws near, most taxpayers have less than two weeks to submit their 2023 individual tax return or file an extension — but for scammers, that’s... Read more »

As ‘guilt tipping’ gets out of control, consumers start pushing back

“Customers are being asked to tip at the more traditional service encounters [and] also app-based services, ride-share and delivery apps. This gives the perception that tipping is everywhere, which does seem the... Read more »

This is the easiest way for newbies to start investing, experts say

Kate_sept2004 | E+ | Getty Images Investing can seem overly complicated, and that complexity may paralyze Americans into doing nothing. But investing — and doing so smartly — doesn’t have to be... Read more »

Here are 3 key things to know before filing your 2023 tax return

The federal tax deadline is officially one month away for most filers — and experts say there are some key things to know this season. As of March 1, the IRS received... Read more »

Why consumers might be getting less for their money

Pixelseffect | E+ | Getty Images Some grocery store products are providing less for your money. And everyone from President Joe Biden to Cookie Monster has noticed. Blame shrinkflation. The term —... Read more »

Here’s how to calculate crypto taxes amid the latest bitcoin rally

Whether you’re a longtime crypto investor or recently purchased digital assets, here are some key things to know from crypto tax experts.  How to answer Form 1040 ‘digital assets’ question Cryptocurrency has... Read more »