As the season of fall foliage and pumpkin spice lattes approaches, the job market undergoes a shift as well. Many career experts believe in the concept of a “September surge,” where more job postings become available after Labor Day. This surge is attributed to the end of the summer slowdown, as job recruiters and hiring
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Retirees who have been struggling with the high costs of prescription drugs can look forward to a new relief set to begin in 2025. Starting in January of that year, Medicare drug plan enrollees will have their annual out-of-pocket drug costs capped at $2,000. This change is expected to benefit approximately 1.4 million participants in
Investors are typically familiar with the concept of asset allocation, which involves determining the right mix of stocks and bonds to balance risk and return. However, the location of these assets within different types of accounts can have a significant impact on investor taxes. According to financial advisors, asset location is just as crucial, especially
The U.S. Department of Education has recently provided additional details about the rollout of the new Free Application for Federal Student Aid (FAFSA) for the upcoming academic year. The 2025-26 FAFSA will undergo beta testing starting on Oct. 1, before becoming available to all students and contributors on or before Dec. 1. This new testing
In the midst of a flourishing stock market, exploring lesser-known strategies to optimize your portfolio becomes imperative. One such strategy gaining traction is tax-gain harvesting. This method involves strategically selling profitable assets in your brokerage account during periods of lower income, such as early retirement or unemployment. With the S&P 500 showing an impressive 18%
In recent years, travelers have faced stricter consequences when it comes to ignoring big tax bills. The federal government now has the authority to revoke or limit passports if an individual has a “seriously delinquent tax debt.” This threshold is quite high, reaching over $62,000 in 2024, and includes the total federal tax liabilities, penalties,
Minnesota Gov. Tim Walz shared a personal story at the Democratic National Convention about how Social Security survivor benefits helped his family after his father passed away from lung cancer when he was 19. These benefits allowed his family to maintain their dignity and live comfortably. Walz’s story sheds light on the importance of such
The cost of attending college has reached a point where some institutions are charging close to six figures a year. This steep cost includes not only tuition and fees but also room and board, books, transportation, and other miscellaneous expenses. According to data provided by The Princeton Review’s “The Best 389 Colleges” list, several prestigious
Recently, National Public Data, a background check company owned by Jerico Pictures Inc., disclosed details of a massive data breach that potentially exposed over billions of personal records. The breach, which was highlighted in a proposed class action lawsuit, indicated that Social Security numbers, names, email addresses, phone numbers, and mailing addresses were compromised. While
Financial advisors often recommend maximizing 401(k) contributions to secure a comfortable retirement. In 2024, employees can defer up to $23,000 into their 401(k) plans, with an additional $7,500 for workers aged 50 and older. Despite the increase in contribution limits, not everyone should strive to max out their plan account, according to experts. Certified financial