The coronavirus may have you thinking more about your mortality. After all, what if…? Pandemic or not, it’s important to consider what would happen to your bank accounts, your home, your belongings — i.e., everything you own — and, perhaps, your dependents, if you’re no longer here. In other words, you should prepare a will
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Senate Majority Leader Mitch McConnell (R-Ky.) after a May 19 closed Senate Republican policy lunch meeting with President Donald Trump to discuss the response to the coronavirus outbreak. Yuri Gripas | Reuters The president is warming up to the idea. Most Democrats are down. But will Republicans get behind the idea of a second round of
lorenzoantonucci Generation Z’s future looked bright just a few months ago. The economy was strong and unemployment was at record lows. It was just February when the unemployment rate was 3.5%, matching the lowest level in more than 50 years. Now, with the coronavirus pandemic upending the economy and sending unemployment skyrocketing to 14.7% in
Gary John Norman | Getty Images At the private retirement community where 90-year-old Lee lives in Charlottesville, Virginia, the last scheduled social event was a Valentine’s Day dance in February. A few weeks later, as the coronavirus pandemic took hold in the U.S., the Centers for Disease Control and Prevention advised anyone 60 or older
Workers who can do their jobs from home are being forced to do so by the coronavirus, and many of these workers feel fortunate, even if they feel that they are working harder. Miguel Pereira | Getty Images As the coronavirus has forced businesses, restaurants, stores and theaters across the country to shut down, a
A 529 savings plan can do more than just help you pay for college — and those benefits could come in particularly handy during the coronavirus pandemic. Today is 529 College Savings Plan Day, a day to focus on the advantages of these tax-favored plans. This year, it is being observed just a few months
If you’d like to make your kitchen or your beach house into your permanent office, think about what it might mean for your taxes. Social distancing orders in light of the coronavirus pandemic has forced companies to send workers home and have them work remotely. The trend might continue. Indeed, 3 out of 4 chief
University of Michigan tiny-al | Getty Images Although the upcoming academic year remains in limbo, the University of Michigan said it is taking steps to bring students back on campus in the fall. “The average student is very anxious to get out of mom and dad’s basement and come back to school,” President Mark Schlissel
Steven Mnuchin, U.S. Treasury secretary, holds up a debit card to be used to distribute Covid-19 relief funds to the public during a cabinet meeting in the East Room of the White House in Washington, D.C., U.S., on Tuesday, May 19, 2020. Kevin Dietsch | Bloomberg | Getty Images Have you received a pre-paid debit
For some, this is a chance to save like never before. The personal savings rate hit a historic 33% in April, the U.S. Bureau of Economic Analysis said Friday, by far the highest level of saving since the department started tracking data in the 1960s. With Americans largely sheltering at home, this historical spike in