The impact of Donald Trump’s election on individual taxation policies, particularly concerning capital gains, has sparked considerable debate among economists and tax experts. The prevailing sentiment is that under Trump’s leadership, along with a Republican-controlled Congress, there is a reduced likelihood of significant tax increases for high earners, especially regarding investment income. This development is
Personal
The loss of a spouse is an emotionally taxing experience that can also culminate in unforeseen financial challenges. Among these, the most significant may be the transition between tax statuses, which can result in higher taxes for the surviving partner. This crucial aspect of financial planning calls for awareness and proactive measures to equip the
In today’s increasingly complex financial landscape, the need for children to understand investing and personal finance has never been more apparent. A recent survey by the SIFMA Foundation, a non-profit organization dedicated to financial education, highlights a growing concern among parents about their children’s financial literacy. Despite the general consensus on the importance of teaching
Artificial intelligence (AI) has become an increasingly prominent fixture in various sectors, including personal finance. As individuals seek more efficient methods for managing their financial activities, tools like generative AI are gaining traction for tasks such as drafting resumes, creating cover letters, and even obtaining financial advice. However, while these technologies provide some advantages, experts
Impulse spending is a prevalent issue that affects a significant portion of consumers, especially during high-pressure shopping seasons like the holidays. Often driven by emotions, discounts, and social influences, it leads to financial strain, debt accumulation, and buyer’s remorse. The thrill of snagging a so-called “great deal” can become overwhelming, pushing shoppers to make hasty
The Internal Revenue Service (IRS) has released significant updates regarding Roth Individual Retirement Accounts (IRAs) for the year 2025. As part of its annual adjustments, the IRS has maintained the total contribution limit for Roth IRAs at $7,000, the same amount as in 2024. For individuals aged 50 or older, the provision for catch-up contributions
In recent years, a concerning trend has emerged in the landscape of personal finance: many Americans are struggling to stay afloat with their credit card payments. This predicament is closely tied to rising interest rates that have made carrying a balance increasingly burdensome. Since March 2022, the Federal Reserve has enacted a series of eleven
Halloween is often seen as a festive occasion filled with costumes, candy, and fun. However, lurking beneath the surface of this spirited celebration are significant risks that homeowners may not consider. In fact, data from Travelers Insurance reveals a staggering 14% increase in homeowners insurance claims on Halloween compared to other days. This trend raises
The latest announcement from the U.S. Department of the Treasury regarding Series I bond rates has stirred interest and speculation among investors. From November 1, 2023, to April 30, 2025, newly purchased I bonds will yield an annual interest rate of 3.11%. This figure represents a significant decrease from the previous rates of 4.28% and
The rollout of the 2025-26 Free Application for Federal Student Aid (FAFSA) has been anticipated with both hope and trepidation by students, families, and educators alike. As the U.S. Department of Education prepares to launch this year’s financial aid application, the stakes are high, especially given the significant role FAFSA plays in determining access to
