personal-finance

Public Service Loan Forgiveness fix benefits student loan borrowers

Smiling female professor reading an e-mail on a computer in the classroom. Copy space. Skynesher | E+ | Getty Images In October 2021, the Biden administration announced a one-year opportunity for student loan borrowers pursuing the Public Service Loan Forgiveness to get closer to being debt-free. Signed into law by then-President George W. Bush in …

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More than half of renters say they’ll never be able to own a home and gas prices are now cheaper than this time last year. Could they fall below $3 a gallon in the months ahead?

Hi, MarketWatchers. Don’t miss these top stories. Gas prices are now cheaper than this time last year. Could they fall below $3 a gallon in the months ahead? The national average was $3.33, AAA said Thursday. Read More I sold my late mother’s home for $250,000. I make $80,000 and have $220,000 in student debt. …

More than half of renters say they’ll never be able to own a home and gas prices are now cheaper than this time last year. Could they fall below $3 a gallon in the months ahead? Read More »

Amid inflation and market volatility, just 12% of adults feel wealthy

Inflation, geopolitical uncertainty and fears of a recession have undermined financial confidence across the board, according to a new report by Edelman Financial Engines. Less than one-quarter, or 23%, of more than 2,000 adults polled earlier this fall said they felt “very comfortable” about their finances. Fewer — just 12% — consider themselves wealthy, the …

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Why EVs are still so expensive, and when you can expect them to get cheaper and our accountant charged us $486 for a simple gift-tax return. Why on earth would it cost so much?

Hi, MarketWatchers. Don’t miss these top stories. Multi-level marketing scheme ensnared nearly 800 ‘desperate homeowners’ facing foreclosure, prosecutors say Two were convicted for their role in the ploy, in which scammers promised to help people keep their homes, but just took their money instead. Read More Dear Tax Guy: Our accountant charged us $486 for …

Why EVs are still so expensive, and when you can expect them to get cheaper and our accountant charged us $486 for a simple gift-tax return. Why on earth would it cost so much? Read More »

Here are 3 ways Gen Z workers can start saving now for retirement

Luis Alvarez | Digitalvision | Getty Images If you’re just out of college, you may be wondering when the right time is to get started with a retirement savings plan. The answer is now, experts say. To that point, 55% of Americans already working think they are behind on saving for retirement, according to a …

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4 key year-end moves to ‘control your tax reporting destiny’

sexan Mongkhonkhamsao | Moment | Getty Images 1. Boost your 401(k) contributions If you haven’t maxed out your workplace 401(k), there may still be time to boost your contributions for 2022, said Guarino. The move may lower your adjusted gross income while padding your retirement savings, but “time is of the essence,” he said. With …

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Robinhood to match 1% of individual retirement account contributions

Rafael Henrique | Soup Images | Lightrocket | Getty Images Robinhood is bringing the concept of a 401(k)-style contribution match to its retail customers who may not have access to a retirement plan through the workplace. The retail brokerage will pay a 1% “match” on contributions its customers make to a Robinhood individual retirement account, …

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What is parametric disaster insurance? It just delivered a speedy payout in Florida for Hurricane Ian and more than half of adults say inflation is causing financial hardship, but the impact of high prices appears to be easing

Hi, MarketWatchers. Don’t miss these top stories. What is parametric disaster insurance? It just delivered a speedy payout in Florida for Hurricane Ian Climate change is roiling the insurance industry, boosting demand for AI-focused, event-based parametric plans like Arbol’s $10 million reinsurance claim. Read More More than half of adults say inflation is causing financial …

What is parametric disaster insurance? It just delivered a speedy payout in Florida for Hurricane Ian and more than half of adults say inflation is causing financial hardship, but the impact of high prices appears to be easing Read More »

Why dollar-cost averaging may pay off amid stock market volatility

Chris Ryan | Getty Images Investors are bracing for 2023 amid stock market volatility, rising interest rates and geopolitical risk — with many carrying recession fears into the new year. But despite economic uncertainty, financial experts point to timely opportunities, urging investors to put cash into the market, rather than leaving it on the sidelines. …

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What to know before risking your money with online money advice

Matthias Clamer | Getty Images Resist the urge to go all in on trends In 2021, a video on cryptocurrencies would have received a ton of views on apps, Yang noted. Today, cryptocurrency videos are more niche. “The public attention isn’t really there anymore, especially after the FTX fallout,” Yang said. But crypto is an …

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