As the U.S. heads into winter, home heating oil prices continue to hover near record highs. Colder than expected winter weather, a global oil supply crunch and continued pandemic supply chain issues are delivering sticker shock energy bills for homeowners across the U.S. If you're suffering from higher energy bills,...
A new Bankrate survey published Monday shows that 31 percent of Gen Z workers have not saved for retirement over the past two years. The personal finance company came up with that number after conducting a phone survey of 2,312 U.S. adults between Sept. 21-23. Out of those surveyed, 167 qualified...
The financial services industry, boosted by federal and state programs, has made strides in getting workers to save for retirement. But after workers retire – then what? How can retirees create a sustainable stream of lifetime income to support them during a retirement that could last three decades? A panel...
A 2023 recession is definitely not a sure thing. But many experts are convinced we're heading for one because the Federal Reserve is not backing down on its interest rate policies. The Federal Reserve has been aggressively raising interest rates in an attempt to slow the pace of inflation. By...
There's a major tax penalty for forgetting this. We're now just a month away from 2023, and while it's tempting to start planning for the new year already, it's important to make sure you've checked all the boxes on your 2022 to-do list first. The steps you need to take...
For many, retirement represents a new chapter; a time for doing things you didn’t have time for in your previous life. Retirement is for crossing things off your bucket list and adjusting your pace, whether that means slowing down or revving up. If you’re going into retirement solo, you...
Most American workers dream of a comfortable retirement. Yet many find their money falls short of meeting that goal when they reach their golden years. Much of the problem has to do with how the retirement system has evolved. Pension plans that used to guarantee a stream of post-career income from...
The IRS is making big changes to the 2023 income tax brackets and the standard deduction. Earlier this year, the IRS announced that the income tax brackets and the standard deduction would be adjusted upward to account for the impact of inflation. For some people, this could mean they owe...
Mortgage rates fell for the third straight week, triggering a slight rebound in homebuyer activity. The rate on the average 30-year fixed mortgage declined to 6.49% this week from 6.58% the previous week, according to Freddie Mac. Rates have fallen more than a half-point in the last three weeks as...
Saving money is inarguably important, but it's all too easy for it to fall to the wayside while you're focused on paying bills and other spending. Maybe you'd like to start saving more consistently, or perhaps you'd just like to simplify how you go about putting money aside. It's...
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