Where to keep your cash amid high inflation and rising interest rates
dowell | Moment | Getty Images Investors have many options when saving for short-term goals, and those choices have become …
Wealth
These states are raising their minimum wages in 2023. Chart shows where workers can expect higher pay
Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C. …
5 tax and investment changes that could boost your finances in 2023 amid economic uncertainty
1. Bigger contribution limits on retirement accounts If you’re eager to boost your retirement savings, there’s good news for 2023: …
What to know about the latest 1099-K tax reporting change for Venmo, PayPal
Hispanolistic | E+ | Getty Images If you’re worried about getting a tax form from payment apps like Venmo or …
Hope Global Forums rallies business leaders for financial literacy, ‘so that everyone learns the language of money’
Preaching a message of financial education and financial freedom, John Hope Bryant is galvanizing America’s top business leaders in the …
Travel abroad is poised ‘for a big comeback’ in 2023 as Americans eye trips to Asia, Europe
Mt. Fuji, Japan. Jirawat Plekhongthu / Eyeem | Eyeem | Getty Images Americans are poised to travel overseas in a …
You may get a 1099-K for Venmo and PayPal payments. Here’s how to prepare — and shrink your tax bill
Charday Penn | E+ | Getty Images If you’ve accepted payments via apps such as Venmo or PayPal in 2022, …
Taking required minimum distributions? How to reduce the sting of selling in a down market
The deadline is fast approaching for mandatory retirement plan withdrawals, which may force some retirees to sell assets in a …
Despite economic uncertainty, it’s a ‘great moment’ for dollar-cost averaging, says Betterment CEO
Chris Ryan | Getty Images Investors are bracing for 2023 amid stock market volatility, rising interest rates and geopolitical risk …
Tax ‘refunds may be smaller in 2023,’ warns IRS. Here’s why
If you’re expecting a tax refund in 2023, it may be smaller than this year’s payment, according to the IRS. …
‘It’s a work in progress.’ How Covid has changed the life insurance marketplace
Family and friends gather in San Felipe, Texas, for the Jan. 26, 2021, funeral of Gregory Blanks, 50, who died …
If you’re still missing your tax refund, you’ll soon receive 7% interest from the IRS — but it’s taxable
Bill Oxford | E+ | Getty Images If your tax refund is still in limbo, there’s good news: Your balance …
Over 10 years, 43% of first marriages can fail. Here’s why couples might want a postnuptial agreement
Vitapix | E+ | Getty Images While couples might sign a prenuptial agreement before they’re married and a “post-nup” after, …
Buyers need a six-figure income to afford a ‘typical’ home, report finds. Here’s how to reduce the cost
It’s no secret that it’s a tough market for prospective home buyers. In October, U.S. buyers needed to earn $107,281 …
It’s been a rough year for crypto — but investors still may have a tax bill. Here’s how to prepare
After a rough year for cryptocurrency, taxes may not be a top priority for digital currency investors battered by steep …
Investors bought nearly $7 billion in Series I bonds in October. Here’s the best time to cash them in, experts say
MStudioImages | E+ | Getty Images If you’re one of the masses of new Series I bond owners, there are …
Biden names pick for new IRS head as agency plans for $80 billion funding, wrestles with backlog
The Internal Revenue Service building in Washington. SAUL LOEB/AFP via Getty Images New role a ‘challenging assignment,’ former IRS commissioner …
Voters approve higher minimum wage in Nebraska and Washington, D.C. Votes still being tallied in Nevada
Activists demonstrate in support of a $15-per-hour minimum wage and tips for restaurant workers in Washington, D.C. on Feb. 8, …
Winning ticket for Powerball’s record $2.04 billion jackpot sold in California — here’s what will go to taxes
Anadolu Agency | Anadolu Agency | Getty Images California does not tax lottery winnings While the IRS will scrape 24% …
The $1.9 billion Powerball jackpot — the largest ever — is up for grabs. Here’s the tax bill if there’s a winner
Mark Ralston | Afp | Getty Images Whoever is the next jackpot winner in Powerball will be looking at the …