With President Joe Biden stepping out of the election arena, all eyes are now on Vice President Kamala Harris as the potential frontrunner for the Democratic nomination. While Harris has not yet disclosed her economic agenda, experts predict that her tax policy proposals could mirror Biden’s, which emphasize higher taxes on the wealthy and corporations.
Personal
As Gen Xers start to approach age milestones that allow them penalty-free access to their retirement funds, there are some important considerations to keep in mind. The ability to withdraw money from individual retirement accounts (IRAs) and 401(k)s without facing penalties is a significant advantage. However, it is crucial to understand the implications of early
In today’s seemingly prosperous times, it is interesting to note the prevalent themes of struggle and financial vulnerability embedded in recent pop music hits. Artists like Taylor Swift and Beyoncé have captured the essence of modern-day malaise in their lyrics, resonating deeply with audiences. Even viral TikTok sensations like “I’m looking for a man in
The recent nomination of Donald Trump as the Republican presidential candidate has brought renewed attention to Project 2025, a comprehensive policy plan developed by The Heritage Foundation and over 100 other conservative organizations. This initiative, encapsulated in the 900-page “Mandate for Leadership,” aims to revolutionize the U.S. income tax system and restructure the Internal Revenue
Paycheck advance programs, also known as earned wage access, have been under scrutiny by the Consumer Financial Protection Bureau (CFPB) in recent times. These programs allow workers to access their paychecks before payday, often for a fee. The CFPB proposed an interpretive rule that categorizes these programs as “consumer loans” subject to the Truth in
A recent ruling by the 8th U.S. Circuit Court of Appeals has put a temporary stop to the implementation of the Biden administration’s new student loan repayment plan, also known as SAVE. This decision has sparked concerns and uncertainties among borrowers who were expecting relief under this plan. The Saving on a Valuable Education (SAVE)
Social Security is facing a looming crisis that requires immediate attention. The program’s trust funds are projected to run out by 2033, leaving only a fraction of benefits payable. Both President Joe Biden and former President Donald Trump have pledged not to cut benefits, but doubts remain about the sustainability of the program. The 2024
The Social Security Administration is rolling out updates to its online services, and it is crucial for account holders to take action. If you created your online “my Social Security” account before Sept. 18, 2021, you will soon need to transition to a Login.gov account to access online Social Security services. These accounts provide access
In recent years, there has been a concerning trend in workplace engagement where employees are disengaged or actively seeking ways to be disconnected from their work. According to a 2023 Gallup poll, only one-third of full- and part-time employees are actively engaged in their work, while 50% are not engaged, and another 16% are actively
Rentvesting is a unique approach to real estate investment where individuals rent their primary residence in one city while purchasing an investment property elsewhere to rent out. This strategy allows individuals to enter the property market without the burden of high home prices in their current location. According to Danielle Hale, chief economist at Realtor.com,