Suze Orman Nathan Congleton | NBC | Getty Images The recent failures of Silicon Valley Bank and Signature Bank have made a recession more possible — and that means it’s more important than ever to have emergency savings set aside, according to personal finance expert Suze Orman. “Because of what is happening with banks, it
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March 30 is ‘Ivy Day,’ when many Ivy League schools release those long-awaited admissions decisions. More than ever, acceptance into the Ivy League is considered highly desirable, however, when it comes to his year’s ultimate dream school, Massachusetts Institute of Technology comes out on top, according to a recent survey of college-bound students and their
Riska | Istock | Getty Images After being suspended for more than three years, federal student loan payments are expected to resume in the coming months. Yet, at that point, borrowers who aren’t financially prepared to pay may have options for getting more time, experts say. “Deferments and forbearances are available for both undergraduate and
Hinterhaus Productions | Getty Images Workers who participate in a company 401(k) plan pay fees for a host of associated services. Among them is the cost of administering the plan — for example, tracking daily fluctuations in account value, facilitating trades and issuing regular notices to investors. But based on how your employer structures its
Mixmedia | Istock | Getty Images You may have heard that Social Security’s funds are running low. If that doesn’t change, that may interfere with the program’s ability to pay full benefits in the next decade. Now, a new virtual tool from the American Academy of Actuaries lets you explore Social Security’s woes and decide
Shapecharge | E+ | Getty Images Tax rules for Roth individual retirement accounts don’t require owners to withdraw money during their lifetime — a valuable proposition for retirees who don’t need to touch the money and want to let their investment continue growing tax-free. But those rules change once the account holder dies — meaning
A woman looks through a garbage can in Manhattan in New York City. Spencer Platt | Getty Images News | Getty Images Over the last 50 years, the poverty rate in the U.S. has barely budged: Around 11% of the U.S. population was considered poor in 2019. In 1970, just about 12% was. “There is
It’s getting harder to keep up with higher prices. As of February, 62% of all U.S. adults were living paycheck to paycheck, up from 60% a month earlier, according to a new LendingClub report. To make ends meet, more people have picked up a side hustle, the report also found. As pandemic-related benefits are scaled back,
Even when they don’t buy a fixer-upper, most people will end up doing some amount of repairs on a new home. About 95% of homeowners said they plan to take on a major home improvement project in the next five years, according to a recent report by Real Estate Witch. However, only 50% said they
In this article SBNY Follow your favorite stocksCREATE FREE ACCOUNT Nicoletaionescu | Istock | Getty Images When it comes to bank deposits, $250,000 is the key number experts are talking about in light of recent financial shocks in the banking sector of a severity not seen since the Financial Crisis. That amount is the threshold