Personal finance
Workers around the world say this is the best U.S. city for expats
Around the world, people agree that the best U.S. city to try living and working abroad is Miami, Florida. The South Florida beach and nightlife destination ranks 12th out of 50 global cities as being a top place for expats to live and work abroad, according to a survey of more than 12,000 respondents from InterNations, […]
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You may get a 1099-K for Venmo and PayPal payments. Here’s how to prepare — and shrink your tax bill
Charday Penn | E+ | Getty Images If you’ve accepted payments via apps such as Venmo or PayPal in 2022, you may receive Form 1099-K, which reports income from third-party networks, in early 2023. But there’s still time to reduce your tax liability, according to financial experts. “There’s no change to the taxability of income,” […]
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These are the best 10 metro areas for first-time home buyers — and how to make it more affordable no matter where you’re buying
The Central Business District of Pittsburgh J. Altdorfer Photography | Getty Images After bidding wars during the pandemic, demand for home purchases has fallen amid higher mortgage interest rates. That dynamic has made some markets are more attractive for first-time home buyers for 2023, according to a Zillow report released this week. The real estate […]
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Boomers have more wealth ‘than any other generation,’ but millennials may not inherit as much as they hope
On the cusp of the greatest generational wealth transfer in history, baby boomers are set to pass more than $68 trillion on to their children. “It’s a generation that has accumulated a greater percentage of wealth than any other generation ever has,” said Mark Mirsberger, a certified public accountant and CEO of Dana Investment Advisors, referring […]
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Santa Claus rallies are a ‘meaningful’ development, claims economical advisor: What just one could mean for investors this year
Critical Factors U.S. shares normally rise around the holidays, a craze recognized as the “Santa Claus rally.” The interval encompasses 7 investing times: the very last 5 times of the calendar year and to start with two of the new calendar year. The S&P 500 Index was up an average 1.3% a 12 months in […]
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Long Covid is distorting the labor market — and that’s bad for the U.S. economy
Charlotte Hultquist Charlotte Hultquist Weeks after Charlotte Hultquist got Covid-19 in November 2020, she developed a severe pain in her right ear. “It felt like someone was sticking a knife in [it],” said Hultquist, a single mother of five who lives in Hartford, Vermont. The 41-year-old is one of millions of Americans who have long […]
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Long Covid’s financial devastation: $8,000 in credit card debt, ruined retirement plans
Teresa Harding Source: Teresa Harding It took three months for Teresa Harding to open her termination letter. “I couldn’t look at it,” Harding, 47, said. For seven years, she’d worked at a pain management center in Lexington, Kentucky. “I enjoyed my co-workers and our patients. “It was a fun, exciting job,” she added. But after […]
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Amid inflation and market volatility, just 12% of adults — and 29% of millionaires — 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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This 28-year-old built a side hustle that brings in $30,000 a month: ‘I only have to work 6 hours a week’
Before the pandemic, I worked at an ad-tech startup in California and made $240,000 a year, including sales commission. But as the country went into lockdown in March 2020, so did many of my retail, restaurant and entertainment clients. Even after putting in long hours, I struggled to meet my sales quota. That spring, I […]
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4 financial moves if you have — or are worried about — long Covid
Milan2099 | E+ | Getty Images Long Covid is a chronic illness with far-reaching impact, both in terms of health and household finance. As many as 23 million Americans have suffered long-haul symptoms of Covid-19, according to the U.S. Department of Health and Human Services. But there are steps individuals and their families can take to blunt […]
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