Minnesota Governor Tim Walz recently shared his personal story about how Social Security survivor benefits played a crucial role in helping his family cope with the loss of his father when he was just 19 years old. This financial support allowed his family to maintain their dignity and stability during a time of crisis. With
Personal
In recent years, the cost of attending college has reached staggering heights, with some institutions charging nearly six figures per year. Schools like New York University, Tufts, Brown, Yale, and Washington University in St. Louis have a sticker price of over $90,000 for the 2024-25 academic year. With tuition adjustments averaging around 4% annually, it
The recent data breach at National Public Data, a background check company owned by Jerico Pictures Inc., has brought to light the exposure of personal information on an unprecedented scale. Reports suggest that over 2.7 billion personal records may have been leaked, with Social Security numbers, names, email addresses, phone numbers, and mailing addresses among
Federal Reserve chair Jerome Powell recently hinted that a rate cut is on the horizon, marking the first time rates have been trimmed in over four years. This potential shift in policy has left investors wondering about the best course of action to take. Financial advisors suggest that those with diversified portfolios may not need
When it comes to saving for retirement, maximizing your 401(k) contributions can be a smart financial move. However, it’s not always the right choice for everyone. Financial advisors suggest that before you decide to max out your 401(k) plan for 2024, there are several factors you should consider. One of the first things to take
Remote work has become a significant trend in the U.S. labor market, with economists noting that it has become a major shift in recent decades. According to Nick Bunker, the economic research director for North America at Indeed, the work-from-home revolution is still going strong and is likely to remain a prominent feature for a
Managing taxes in retirement can be a complex process, especially for retirees who have income from various sources such as Social Security, pensions, retirement plans, and other investments. While quarterly estimated tax payments are typically required to avoid IRS penalties, there are lesser-known year-end strategies that can help retirees stay on top of their tax
After diligently contributing to pretax retirement accounts throughout your working years, you will eventually come face-to-face with required minimum distributions (RMDs) in retirement. These mandatory withdrawals can pose a challenge for retirees who do not necessarily need the money right away, especially since they can result in higher taxes. However, financial experts suggest that RMDs
With the upcoming presidential elections, former President Donald Trump and Vice President Kamala Harris have introduced their economic agendas, both of which involve significant tax changes that could potentially affect millions of Americans. Taxes are slated to be a key issue for the next president, especially as trillions in tax breaks established by Trump through
Over 15 years have passed since the federal minimum wage was last increased, leaving it at a mere $7.25 per hour. While some states have chosen to set their own higher minimum wage rates, there are still 20 states where the wage remains at the federal level. This stagnation has sparked a debate on the
