Personal Finance

President-elect Joe Biden and Vice President-elect Kamala Harris at transition Covid-19 advisory board briefing on Nov. 9, 2020 in Wilmington, Delaware. Photo by Joe Raedle | Getty Images Student loan forgiveness is looking more like a possibility under President-elect Joe Biden, but an unintended consequence may emerge unless Washington intervenes: a tax on loan forgiveness.
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Mary Roberts has been working five jobs since August to stay afloat after the coronavirus pandemic decimated the cruise industry, where she was a director and choreographer. Mary Roberts Mary Roberts is not immune to the hustle as an artist. But the coronavirus pandemic has presented a challenge like she’s never seen before. Roberts, 39,
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Matt Bird | Corbis | Getty Images Where is the future of financial advice headed? The answers always seem fraught with risk and uncertainty. While the bull market in stocks has gone a long way to helping the advice industry recover from the reputational fallout of the financial crisis, technology, demographics and regulatory confusion continue
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Emergencies occur. So, it makes sense to start putting money aside. Yet many Americans aren’t. In fact, 28% of Americans have no emergency savings, a July survey from personal financial website Bankrate.com found. “Financial emergencies will happen, it’s only a matter of when,” said Kathy Kraninger, director of the Consumer Financial Protection Bureau. More from
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Retirees will spend a significant amount of money on health care. Still, many older Americans don’t plan properly for it. A healthy male-female couple retiring at age 65 in 2019 can now expect to shell out $285,000 on health-care expenses in retirement, according to Fidelity Investments’ annual analysis. Fidelity’s analysis, which assumes the couple are
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Retiring as a millionaire may seem like a fantasy rather than a practical financial goal, yet it’s possible with savvy monthly saving. Reaching that milestone, however, takes determination, especially if you don’t start until later in life. Luckily, personal finance site NerdWallet crunched the numbers, broken down by age group, to demonstrate how much you’ll
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Ariel Skelley | DigitalVision | Getty Images The CFP Board of Standards, the group overseeing the Certified Financial Planner credential, will overhaul its practices, making it easier for investors to spot financial advisors with a questionable past. In a Tuesday afternoon phone call, the group announced it would establish an independent task force to review
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When former vice president Joe Biden recently announced his plans for older Americans, he joined his fellow Democratic presidential candidates in calling for the expansion of Social Security. “We should be increasing, not decreasing, Social Security,” Biden said at a recent AARP Iowa forum. “It’s within our capacity to do so.” Former U.S. Vice President
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Photo: Wikicommons When Democratic presidential candidate Elizabeth Warren earlier this week unveiled the details of her bill to cancel student debt, she stressed how it would deliver significant financial relief to borrowers of color. “The day our bill gets signed into law, that black-white wealth gap would shrink by 25 points,” the Massachusetts senator said.
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