Iryna Imago | Istock | Getty Images A wave of companies, including Amazon, Google and Spotify, have announced deep cuts to their head count, leaving former employees without a paycheck. Fortunately, the unemployment insurance program, created in 1935, offers support to certain people who have lost their job. The federal program is administered by states,
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Source: Getty Images If you made a Roth individual retirement account conversion in 2022, you may have a more complicated tax return this season, experts say. The strategy, which transfers pretax or non-deductible IRA funds to a Roth IRA for future tax-free growth, tends to be more popular during a stock market downturn because you
The clock is ticking for the U.S. to avoid a default on its debt, and some are sounding the alarm about potential disruptions to Social Security and Medicare. On Thursday, Jan. 19, the U.S. outstanding debt hit its statutory limit. The debt limit or debt ceiling is the total amount of money the U.S. can
Mstudioimages | E+ | Getty Images To maintain your standard of living in retirement, the rule of thumb is you need to be able to replace at least 70% of the income you had while you were working. But many retirees fall short of that retirement income goal, according to research from Goldman Sachs Asset
Whether by choice or necessity, many workers will change jobs in the months ahead. Some companies, particularly tech giants, have been announcing deep cuts to their workforces as they face ongoing challenges due to rising interest rates and inflation. related investing news Jim Cramer’s Investing Club meeting Friday: Google layoffs, Salesforce, selectivity Krystal Hur 15
Allison Michael Orenstein | Getty Images Social Security recipients are just starting to see the record 8.7% cost-of-living adjustment in their monthly checks. But come tax time, they could see surprises resulting from last year’s 5.9% increase, which at the time was the biggest COLA in four decades. Last year’s 5.9% cost-of-living adjustment was like
Iona Studio | Istock | Getty Images More people in the U.S. are deciding to hold off on medical care for financial reasons. The share of Americans who say they or a family member delayed medical treatment due to cost rose to 38% in 2022 from 26% in 2021, according to the results of a
domoyega | E+ | Getty Images When it comes to money matters, what you don’t know can hurt you. A report from the National Financial Educators Council shows that 38% of individuals in a recent survey said their lack of financial literacy cost them at least $500 in 2022, including 15% who said it set
Fotostorm | E+ | Getty Images There’s still a ways to go before used car prices come back down to earth. While prices were 8.8% lower in December from a year earlier, consumers continue to pay more for used cars than they would if typical depreciation expectations were in play, according to car-shopping app CoPilot,
Generally speaking, the higher your credit score, the better off you are when it comes to getting a loan. FICO scores, the most popular scoring model, range from 300 to 850. A “good” score generally is above 670, a “very good” score is over 740 and anything above 800 is considered “exceptional.” Once you reach that 800