Wealth Management

Chris Wattie | Reuters The Federal Reserve announced Wednesday that it will leave interest rates unchanged. Fresh inflation data issued earlier in the day showed that consumer prices are gradually moderating though remain above the central bank’s target. The Fed’s benchmark fed funds rate has now stood within the range of 5.25% to 5.50% since

John Paraskevas/Newsday RM via Getty Images Inflation fell slightly in May, as positive trends like lower gasoline prices were counteracted by others like stubbornly high costs for housing. Trends under the surface suggest the fight against inflation continues to bear fruit, albeit slowly, economists said. The consumer price index, a key inflation gauge, rose 3.3%

Martonaphoto | Moment | Getty Images A federal benefit program for people with disabilities and older adults made its first benefit payments 50 years ago. In 1974, Supplemental Security Income, or SSI, began sending the first monthly checks starting at around $140 per individual, or $210 per couple. In 2024, the maximum monthly benefit is

Joe Biden and Donald Trump 2024. Brendan Smialowski | Jon Cherry | Getty Images Presumptive nominees President Joe Biden and former President Donald Trump have both pledged to extend expiring tax breaks for most Americans — but questions remain on how to pay for it. Trillions in tax breaks enacted by Trump via the Tax Cuts and Jobs Act

Sturti | E+ | Getty Images It’s no secret that buying a home has gotten more expensive in the U.S. But the cost of keeping and maintaining a home has gotten significantly pricier, too, which might come as a surprise to some buyers.  The “hidden costs” of homeownership add up to an average $18,118 annually, or

Experts are torn about where exactly the housing market is headed in the latter half of the year. “Mostly, we think the housing market is going to improve over the next half of the year,” Glenn Kelman, chief executive of Redfin, a real estate brokerage site, said on a May 22 appearance on CNBC’s “Money

Urbazon | E+ | Getty Images If you’re living and working abroad and still need to file 2023 taxes, the deadline is only one week away. While the regular tax deadline was April 15 for most taxpayers, there’s an automatic two-month extension to June 17 for those U.S. citizens and resident aliens, including dual citizens,

Ascentxmedia | E+ | Getty Images It can feel like the U.S. economy has divided consumers into groups of haves and have nots — and retirees are no exception. Research has found a great wealth transfer is underway, with research and consulting firm Cerulli Associates estimating an $84 trillion to shift from older to younger

The original house used in the “Home Alone” movies on Nov. 8, 2021. Erin Hooley/Chicago Tribune/Tribune News Service via Getty Images An array of iconic homes are for sale — and buyers will almost certainly pay extra for that pedigree. However, that premium is hard to quantify since some uber-wealthy buyers will pay almost anything

Justin Paget | Digitalvision | Getty Images The work-from-home trend is here to stay. Many companies have continued to let employees work remotely for at least some of the workweek — four years on from the early days of the Covid-19 pandemic — due to the win-win nature of the arrangement: Remote work is more