Vacations used to be a time for relaxation, unwinding, and creating memories with loved ones. However, in today’s digital age, the landscape of vacations has shifted dramatically. Social media has played a significant role in changing the way we approach and experience travel. What was once a personal and intimate escape has now become a
Personal
The rise of technology has brought with it a new wave of scams and fraud, particularly in the form of AI voice scams and imposter fraud. These scams are becoming increasingly sophisticated, preying on individuals’ emotions and vulnerabilities. It is crucial to be aware of these threats and take proactive steps to protect yourself and
Cybercriminals have found a new way to exploit vulnerable individuals by targeting their emotions through so-called romance scams. These scams involve building a fake relationship and trust with the victim, ultimately leading them to willingly provide access to their accounts or transfer money to the criminal. According to Tracy Kitten, the director of fraud and
It is a common mistake for retirees to overlook the impact of taxes on their retirement savings until they are ready to withdraw funds from their pretax accounts. According to a Northwestern Mutual study, only 3 in 10 Americans have a plan in place to reduce taxes on their retirement savings. One way to minimize
The growth of individual retirement accounts has been on the rise in recent years. According to a report from the Employee Benefit Research Institute, the median IRA balance was $87,000 in 2022, up from $81,144 in 2019. This increase in balances can potentially cause tax issues for retirees and their children who inherit the assets.
In the current economic landscape, investors have been enticed by the prospect of earning high returns on their cash investments. With interest rates on savings accounts and other low-risk vehicles offering up to 5% annual percentage yields, it’s no wonder that many individuals have flocked to these safe havens. However, some experts are cautioning against
College decisions for high school seniors in 2024 have been significantly influenced by the amount and availability of financial aid. In a survey conducted by Ellucian and EMI Research Solutions, it was found that 76% of students considered financial aid as the most crucial factor in choosing a college. This surpasses the influence of parental
The U.S. Department of the Treasury and IRS have recently released final tax reporting rules for digital asset brokers, bringing about significant changes in the crypto landscape. These rules will require mandatory yearly reporting, which is set to phase in starting in 2026. Digital currency brokers will be mandated to cover gross proceeds from sales
The unemployment rate has remained below 4% for a record-breaking 30 months, but not everyone looking for a job has been able to secure employment. There is a group known as NEETs, which stands for “not in employment, education, or training,” who are choosing to opt out of the labor force due to discouragement from
The Biden administration’s student loan relief plan, known as the Saving on a Valuable Education (SAVE) plan, faced a legal challenge that resulted in a temporary block last week. However, in a recent ruling, the 10th Circuit U.S. Court of Appeals granted the administration’s request to resume a key provision of the plan as the