Why consumers overspend during the holidays — and what to do about it

Why consumers overspend during the holidays — and what to do about it

Betsie Van Der Meer | Digitalvision | Getty Images The holiday season is a time to give thanks, reflect on the past year, and spend time with family and friends. However, if... Read more »
Here’s how retirees can get the biggest tax break for charitable gifts

Here’s how retirees can get the biggest tax break for charitable gifts

Xavierarnau | E+ | Getty Images If you’re retired and planning a year-end donation to charity, there’s a key move to maximize your tax break, financial experts say.   Qualified charitable distributions,... Read more »
56% of Americans say their parents never discussed money with them.

56% of Americans say their parents never discussed money with them.

10’000 Hours | Digitalvision | Getty Images As families gather for Thanksgiving this year, money is one topic that likely won’t be discussed. Yet experts say it’s a perfect time to start... Read more »
Here are steps renters can take toward building wealth

Here are steps renters can take toward building wealth

Blackcat | E+ | Getty Images It’s no secret that homeowners often have a higher net worth than renters. But while renters face unique affordability challenges, there are still steps they can... Read more »
59% of Americans say this a top sign of success — it’s not wealth

59% of Americans say this a top sign of success — it’s not wealth

Pt Stock | Moment | Getty Images When Americans measure success, they’re not often thinking about their net worth or account balances. About 59% of polled Americans say that happiness — specifically,... Read more »
Millennials will spend big this holiday season, TransUnion finds

Millennials will spend big this holiday season, TransUnion finds

Parents tend to splurge on their children during the holidays. This year, 63% of millennials, many of whom now have school-age children of their own, said they plan to spend the same... Read more »
These key 401(k) changes are coming in 2025. What savers need to know

These key 401(k) changes are coming in 2025. What savers need to know

Images By Tang Ming Tung | Digitalvision | Getty Images As some Americans struggle to save for retirement, key 401(k) plan changes could soon make preparing easier for certain workers, experts say. ... Read more »
How to leverage the 0% capital gains bracket as bitcoin surges

How to leverage the 0% capital gains bracket as bitcoin surges

Hispanolistic | E+ | Getty Images Crypto investors could face higher taxes amid the surging price of bitcoin. But if you’re in the 0% capital gains bracket, you can reduce future taxes... Read more »
Black Friday deals and discounts to expect this season

Black Friday deals and discounts to expect this season

A customer visits Macy’s Herald Square store in New York City during early morning Black Friday sales, Nov. 24, 2023. Kena Betancur | Getty Images Typically, the five days beginning Thanksgiving Day... Read more »
Why tax-loss harvesting can be easier with ETFs

Why tax-loss harvesting can be easier with ETFs

Izusek | E+ | Getty Images Despite a strong year for the stock market, you could still be sitting on portfolio losses. But you can leverage down assets to score a tax... Read more »
Here’s why young adults in Puerto Rico are struggling financially

Here’s why young adults in Puerto Rico are struggling financially

Parade attendees wave Puerto Rican flags on Fifth Avenue in Manhattan during the annual Puerto Rico Day Parade.  Luiz C. Ribeiro | New York Daily News | Tribune News Service | Getty... Read more »
How to work at McDonald’s and still become a millionaire

How to work at McDonald’s and still become a millionaire

Bernd Vogel | Stone | Getty Images Brad Klontz was drawn to financial psychology after the tech bubble burst in the early 2000s. Klontz had tried his hand at stock trading after... Read more »
Federal Reserve cuts rates after election. What that means for you

Federal Reserve cuts rates after election. What that means for you

The Federal Reserve Building in Washington, D.C. Joshua Roberts | Reuters The Federal Reserve announced Thursday that it will lower its benchmark rate by a quarter point, or 25 basis points, less... Read more »
Here’s how a Trump presidency could affect your taxes

Here’s how a Trump presidency could affect your taxes

Republican presidential nominee and former U.S. President Donald Trump holds a rally in Saginaw, Michigan, U.S., October 3, 2024. Democratic presidential nominee U.S. Vice President Kamala Harris and Vice-Presidential candidate Tim Walz... Read more »
Should I pay off my mortgage in retirement? Benz book tackles money questions

Should I pay off my mortgage in retirement? Benz book tackles money questions

milan2099 | E+ | Getty Images Older Americans have significant equity As current and prospective retirees consider how to handle their assets, their homes are one area where they may have a... Read more »
Roth IRA income limits for 2025

Roth IRA income limits for 2025

D3sign | Moment | Getty Images Roth IRA income phaseouts for 2025 To contribute up to the limit in a Roth IRA, your modified adjusted gross income, or MAGI, must be below... Read more »
How Halloween, Thanksgiving, Christmas risks affect home insurance

How Halloween, Thanksgiving, Christmas risks affect home insurance

Solstock | E+ | Getty Images Halloween trick-or-treaters and jack-o-lanterns can be downright scary — for your homeowners insurance policy. There is a 14% jump in homeowners insurance claims on Halloween compared... Read more »
Only high earners can ‘easily afford’ holiday spending this year: survey

Only high earners can ‘easily afford’ holiday spending this year: survey

Betsie Van der Meer | Getty Only one cohort of surveyed shoppers said they have enough financial runway to spend cash this holiday season without rolling into debt — and even so,... Read more »