The concept of automated 401(k) plan savings has been gaining popularity among employers in recent years. This strategy involves automatically enrolling workers in their company’s 401(k) plan and gradually increasing their savings rate over time. The intention behind this approach is to encourage employees to save more for retirement by leveraging their inherent inertia. However,
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As fall approaches, many career experts speculate that there is a “September surge” in job postings. This surge is believed to be a result of job recruiters and hiring managers returning from vacation after a summer slowdown. The idea is that with more people back in the office, there are more job opportunities becoming available.
As of 2025, retirees who have been anxiously watching their prescription drug costs skyrocket will finally receive some much-needed relief. The new legislation passed by Congress, known as the 2022 Inflation Reduction Act, will bring significant changes to the Medicare Part D program. One of the most notable changes is the introduction of an annual
Many investors are well-versed in the concept of asset allocation, but what about asset location? Financial advisors suggest that where assets are held can have a significant impact on after-tax returns, especially for wealthier investors. Despite this, many individuals fail to give sufficient attention to the tax implications of their investment decisions. Asset location involves
The U.S. Department of Education recently revealed some additional details regarding the launch of the new Free Application for Federal Student Aid for the upcoming academic year. The 2025-26 FAFSA will be gradually available to select groups of students starting on October 1, in a series of beta tests. The full rollout for all students
Tax-gain harvesting is a lesser-known strategy that can be utilized to rebalance your portfolio and potentially save on future taxes. This tactic involves strategically selling profitable assets in your brokerage account during lower-income years, such as the early years of retirement or periods of unemployment. The goal is to realize gains at a 0% rate,
Ignoring a big tax bill can have serious consequences, especially for travelers. The federal government has the authority to revoke a passport if an individual has a “seriously delinquent tax debt.” This debt threshold includes the aggregate total federal tax liabilities, penalties, and interest levied against an individual, which is adjusted annually for inflation. The
The cost of attending college is reaching exorbitant levels, with some institutions now charging close to six figures annually. This staggering amount includes tuition, fees, room and board, books, transportation, and other miscellaneous expenses. According to data provided to CNBC, several prestigious colleges, such as New York University, Tufts, Brown, Yale, and Washington University in
In a heartfelt speech at the Democratic National Convention, Minnesota Gov. Tim Walz highlighted the crucial role that Social Security survivor benefits played in his family’s life after the tragic loss of his father. These benefits not only helped them navigate the financial challenges of his father’s passing but also allowed them to maintain their
The recent data breach at National Public Data, a background check company, has sent shockwaves through the online community. While you may not have heard of this company before, the breach has potentially exposed the personal information of millions of individuals. Reports suggest that over 2.7 billion personal records may have been compromised, including sensitive