sturti Coming up with the cash to cover an unexpected emergency expense can be a challenge for many individuals and families. Studies show an unexpected expense of even $400may prompt people to borrow to cover the cost. When faced with such bills, workers may be tempted to tap their retirement savings accounts. related investing news
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Olelole | E+ | Getty Images As part of its massive $1.7 trillion spending package for 2023, Congress is planning to up the maximum annual Pell Grant award to $7,395 — a $500 increase from this school year. If it passes, that would be the largest jump for the grant in more than a decade.
wdstock | iStock Editorial | Getty Images People owed a piece of the $2 billion that Wells Fargo has agreed to pay to customers affected by some of its banking practices could soon receive those funds. The nation’s fourth-largest bank reached a settlement with the Consumer Financial Protection Bureau, announced Tuesday, to resolve customer abuses
In this article GEN Follow your favorite stocksCREATE FREE ACCOUNT As the cost of living skyrockets, many adults are turning to a familiar safety net: mom and dad. Nearly a third of millennials and Gen Zers, over the age of 18, get financial support from their parents, according to a new survey by personal finance
Sen. Bill Hagerty, R-Tenn., listens to testimony during the Senate Banking, Housing and Urban Affairs Hearing to examine the President’s Working Group on Financial Markets report on Stablecoins in Washington, Feb. 15, 2022. Bill O’Leary | Pool | Reuters Sen. Bill Hagerty, R-Tenn., will file an amendment to the $1.7 trillion spending package, to increase the
Activists hold a student loan forgiveness rally near the White House on April 27, 2022. Anna Moneymaker | Getty Images News | Getty Images The nine justices of the U.S. Supreme Court have scheduled high-profile arguments over President Joe Biden’s student loan forgiveness plan for Feb. 28, meaning borrowers suspended in uncertainty about the fate
Sollina Images | Tetra Images | Getty Images Amid record high inflation, stretching Social Security benefit checks became more difficult in 2022. Even as a 5.9% cost-of-living adjustment went into effect in January, the record high annual benefit increase still fell short, according to new research from The Senior Citizens League. The average retiree benefit
Ariel Skelley | The Image Bank | Getty Images If you have a health savings account and are nearing retirement age, be aware that some of the rules are different for the older crowd. HSAs, which can only used in conjunction with so-called high-deductible health plans, offer a “triple tax” benefit: Contributions are made pre-tax,
When it comes to car buying, there may be fewer deals out there, but there is still plenty of value to be had. To that end, cost-conscious car shoppers are increasingly seeking out used vehicles in good condition. To be sure you get what you pay for, check for excess wear and tear beyond the stated
Andresr | E+ | Getty Images You may not be the only person eager for packages to arrive at your house. During the holidays, as the volume of home deliveries surges due to gift buying and giving, so does the chance that so-called porch pirates will grab parcels right off your front step, experts say.