As the “silver tsunami” approaches, a record number of Americans are expected to reach the age of 65, bringing with it a multitude of high-stakes financial decisions. The traditional three-legged stool of retirement planning, which consisted of employer pensions, personal savings, and Social Security, has largely disappeared. This leaves many retirees struggling to maintain their
Personal
As the tax deadline approaches, many filers are exploring the option of using AI chatbots to assist them with their tax returns. While the convenience and accessibility of these tools may seem appealing, experts warn that there are significant risks associated with relying on generative AI for tax advice. According to a recent survey, nearly
The Biden administration has recently unveiled a new and comprehensive student loan forgiveness proposal that has the potential to impact millions of Americans. This proposal, though narrower in scope compared to President Joe Biden’s initial education debt relief plan that was blocked by the Supreme Court, could still provide debt relief for up to 10
The Consumer Financial Protection Bureau has brought attention to a student loan forgiveness opportunity that is available to many borrowers. The U.S. Department of Education is conducting a one-time adjustment of borrowers’ payments this summer in an effort to help them qualify for debt cancellation. By requesting a consolidation by the end of April, borrowers
The cost of attending college has skyrocketed in recent years, with some top schools charging nearly six figures per year. When factoring in tuition, fees, room and board, books, transportation, and other expenses, the price tag for a college education has never been higher. It is estimated that tuition adjustments average around 4% per year,
College enrollment may have stabilized, but the number of students withdrawing from college is on the rise. Currently, over 40 million students are unenrolled, and about 26% of undergraduates are contemplating leaving college or facing dismissal. This trend is particularly pronounced among first-generation students, minorities, and low-income students who are struggling to balance their studies
In the realm of fashion, trends come and go with the blink of an eye. However, one trend that seems to be making a strong comeback is the concept of quiet luxury, now rebranded as old money style. This trend gained momentum after Gwyneth Paltrow’s ski accident trial, even during a time when many Americans
As the tax deadline approaches, taxpayers are at risk of falling victim to various tax scams. Last year alone, the IRS received over 294,000 complaints of identity theft, resulting in more than $5.5 billion in tax fraud. With the IRS processing millions of federal returns, scammers are actively seeking opportunities to steal personal and financial
The Powerball jackpot has reached an incredible $1 billion, making it the fifth-largest prize in the game’s history. With no winner from the recent drawing, the anticipation continues to build. If you are lucky enough to win the grand prize by matching all six numbers, you will have two payout options to consider: a lump
The year 2020 has brought unprecedented challenges to students looking to secure financial aid for their college education. With the uncertainties caused by the COVID-19 pandemic, many families are facing increased financial pressure and are struggling to afford higher education. In response to these challenges, some colleges are taking proactive steps to make education more