Personal finance
Powerball’s next jackpot is $421 million. Here’s how much winners have hauled in over the years
Saul Loeb | AFP | Getty Images There’s a chance — a tiny one — that a Powerball player will manage to turn $2 into $421 million on Monday night. That’s the jackpot amount heading into the week’s first drawing, which comes on the heels of 29 pulls — three weekly — with no one […]
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Are you dreaming of an early retirement? The earlier you retire, the greater the risk, experts warn
Kathrin Ziegler | DigitalVision | Getty Images Life may be short but early retirement might be, too, if you don’t have a solid financial plan for life after work. Whether it’s due to pandemic burnout, a new attitude on life or an optimism fueled by surging stock and real estate markets, more Americans appear to […]
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74% of people do not think they will ever achieve high net worth status, survey finds
cdwheatley | E+ | Getty Images People have wide-ranging views of what it means to be “high net worth,” according to a survey from digital wealth manager Personal Capital. Yet most people — 74% — don’t see themselves ever fitting into that category. When 2,209 adults were asked what they would consider high net worth, […]
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Cuts to unemployment benefits didn’t spur jobs, says report
A “We’re Hiring” sign hangs on the front door of a toy store in Greenvale, New York, on Sept. 30, 2021. John Paraskevas/Newsday RM via Getty Images State cuts to pandemic unemployment benefits last summer had a small impact on hiring, suggesting enhanced funding for the unemployed didn’t play a big role in labor shortages, […]
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Here’s what to do if you missed the April 18 tax filing deadline
Sergey Mironov | Moment | Getty Images If you missed the April 18 tax deadline, you may cut back on penalties by filing your return promptly, according to the IRS. While it’s too late to request an extension, you can still reduce monthly late fees. Failure to file costs 5% of unpaid taxes per month and late payments incur […]
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78% of workers are ignoring ‘the greatest money-making asset’ for retirement saving, says CPA
Saving for a secure retirement requires a number of money-smart strategies coming together, and in the eyes of workers, some factors seem more integral to success than others. Topping the list in a recent survey from Principal Financial Group: getting a matching contribution from your employer in your 401(k) plan. Nearly two-thirds — 62% — […]
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A 28-year-old who made $100,000 in passive income ‘in just one day’ shares 5 books that helped her get started
When people think of what it takes to start a business, words like “struggle” and “stressful” come to mind. But it was rewriting this narrative that allowed me to achieve success as an entrepreneur. I was always a shy and anxious person. But in 2020, I made an effort to rewire my mindset and started […]
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Hit with an unexpected tax bill? It’s time to adjust your withholdings
Georgijevic | E+ | Getty Images If you had a surprise tax bill this filing season, it may be time to adjust your withholdings, financial experts say. Whether you’re a W-2 employee or self-employed, the IRS expects an ongoing piece of your income, paid through withholdings or quarterly payments. As of April 8, nearly 68% of […]
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Supreme Court rejects challenge to SALT limit from New York, New Jersey
Rep. Judy Chu, D-Calif., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol. Sarah Silbiger | Bloomberg | Getty Images The U.S. Supreme Court has rejected a challenge from New York and three other states to overturn the $10,000 limit on the federal deduction for state and […]
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What we learned from the Biden, Harris tax returns, according to experts
President Joe Biden and Vice President Kamala Harris after Biden signed H.R. 55, the “Emmett Till Antilynching Act,” in Washingtonon March 29, 2022. Samuel Corum | Bloomberg | Getty Images President Joe Biden and Vice President Kamala Harris have released their 2021 tax returns, and there are a few key takeaways for the average American, experts […]
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