Adrian Peterson Wesley Hitt | Getty Images Adrian Peterson will likely earn close to $100 million over the course of 12 seasons in the NFL. Now, he’s battling creditors in court over millions in unpaid loans. The Washington Redskins running back is making headlines again over a state supreme court case in New York. DeAngelo
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Allison Shelley | Getty Images News | Getty Images A congressional debate on a bill to reform Social Security has turned to a key question: whether changes made to the system today will upend millennials’ retirement in the future. A committee hearing of the House Ways and Means Committee on Thursday focused on the potential
David Muir | DigitalVision | Getty Images It’s hard to turn down cash. That reality explains why half of adults in the U.S. have at least one credit card that offers cash back — compared with just 1 in 5 people who have a travel rewards card, according to Creditcards.com. “Even with a strong economy
Thomas Barwick | Taxi | Getty Images The prospect of lower interest rates may put retirees in a bind: Contend with less growth on their “safe money” or consider taking more equity risk. The Federal Reserve is expected to lower the federal funds rate — the key interest rate banks charge to lend to each
Nils Hendrik Mueller | Cultura | Getty Images There’s a reason why you shouldn’t pile all your cash into your 401(k): You’ll be paying hefty income taxes in retirement. This is because the money you sock away in that account during your working years is tax-deferred. If your 401(k) makes up most of your savings,
If you run into a big expense and are eyeing tapping your savings, make sure you know how the move would affect your finances. While there are benefits to paying cash for a big-ticket item or unexpected expense instead of financing it and paying interest on the borrowed money, doing so may cost you more
There are a lot of things to think about when you switch jobs, including what to do with the money you may have accumulated in your employer-sponsored retirement account, or 401(k). In fact, that is the most important thing you need to decide, according to Ted Benna, who’s been dubbed the creator of the 401(k) about 40
Elizabeth Warren speaks at her campaign for the Democratic nomination for the 2020 United States presidential election Jeremy Hogan | LightRocket | Getty Images Sen. Elizabeth Warren, D-Mass., introduced a bill Tuesday that would forgive student loans for tens of millions of Americans. Three-quarters of borrowers would have their balances reset to zero. Warren, who is
Few purchases deliver a dose of sticker shock like the cost of college. Yet many families rarely pay the full amount. Tuition and fees for a four-year private college averaged $35,830 in 2018-19; at four-year, in-state public colleges, it was $10,230, according to the College Board. And that’s not even adding in room and board
Part of the huge settlement announced Monday by Equifax over its massive 2017 data breach includes lots of free credit reports for consumers. Just don’t count on it being a way to prevent criminals from accessing your file. The settlement — which could reach more than $650 million and must still be approved by the