Wealth Management

A woman shops at a Target store in Chicago on Nov. 26, 2024. Kamil Krzaczynski | AFP | Getty Images Heading into the holidays, many Americans were already saddled with record-breaking credit card debt. And yet, consumer spending is set to reach a fresh high this season.  The National Retail Federation reported last week that

Images By Tang Ming Tung | Digitalvision | Getty Images Many people, especially those with debt, will be discouraged by the recent Federal Reserve forecast of a slower pace of interest rate cuts than previously forecast. However, others with money in high-yield cash accounts will benefit from a “higher for longer” regime, experts say. “If

Manonallard | E+ | Getty Images Many Americans are capping off the holidays with new debt balances. This season, 36% of American consumers took on holiday debt, according to a new survey from LendingTree. Those who racked up balances this season took on an average of $1,181 in debt, up from $1,028 in 2023. However,

Filippobacci | E+ | Getty Images Retirement savers, take note: more employers have added a Roth savings option to their workplace 401(k) plans. And, due to a legislative change, it’s likely the remaining holdouts will soon offer it, too. About 93% of 401(k) plans offered a Roth account in 2023, according to an annual poll

Fernando Gutierrez-Juarez | Picture Alliance | Getty Images It has been a banner year for spot bitcoin exchange-traded funds, with some of the biggest asset managers introducing ETFs that hold the flagship digital currency. But there are things to consider before adding these ETFs to your portfolio, experts say.   The U.S. Securities and Exchange

After a strong start to the holiday season, consumer spending is on track to reach record levels this year. But many of those purchases will soon be returned. December’s peak shopping days are closely followed by the busiest month for sending items back, which experts dub “Returnuary.” This year, returns are expected to amount to 17%

Home Alone (1990) 20th Century Fox The classic Christmas movie “Home Alone” tells the improbable tale of a family who leaves their 8-year-old son home when they leave for vacation. Yet in the years since the 1990 film was released, viewers have focused on another question — how wealthy was the fictitious McCallister family featured

U.S. President Joe Biden delivers remarks during the Tribal Nations Summit at the Department of the Interior in Washington, D.C., U.S., December 9, 2024.  Elizabeth Frantz | Reuters The Biden administration has withdrawn two major plans to deliver student loan forgiveness. The proposed regulations would have allowed the U.S. Department of Education secretary to cancel

Ryanjlane | E+ | Getty Images The IRS plans to issue automatic “special payments” of up to $1,400 to 1 million taxpayers starting later this month, the agency announced last week. The payments will go to individuals who did not claim the 2021 Recovery Rebate Credit on their tax returns for that year and who

Sdi Productions | E+ | Getty Images The U.S. job market has undergone a dramatic transformation in recent years, from one characterized by record levels of employee turnover to one in which there is little churn. In short, the “great resignation” of 2021 and 2022 has morphed into what some labor economists call the “great