Personal finance
This couple left the U.S. to travel full-time—and cut expenses by 50%: ‘We’ve lived in London, Rome and Lisbon’
My wife and I love to travel. In the five years that we’ve been together, we’ve made many unforgettable memories during our trips abroad. But in July 2021, we took a Greek Isles cruise for my wife’s 49th birthday that truly changed our lives. As we sat in our ocean view cabin, we talked about […]
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Inflation and rising interest rates have stressed the 60/40 investment portfolio strategy — ‘but it’s not dead,’ says financial advisor
How a 60/40 portfolio strategy works The strategy allocates 60% to stocks and 40% to bonds — a traditional portfolio that carries a moderate level of risk. More generally, “60/40” is a shorthand for the broader theme of investment diversification. The thinking is: When stocks (the growth engine of a portfolio) do poorly, bonds serve […]
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Women prefer values-based investing. Here’s what that might mean for their wealth
Mint Images | Mint Images Rf | Getty Images Women prefer investing in a way that helps the environment and does social good, some studies have found. Such values-based investing could help raise women’s general enthusiasm for investing and boost long-term wealth, according to financial experts. About 52% of women would rather invest in […]
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With or without a federal gas tax holiday, here are 4 ways to save money at the pump
The recent run-up in gasoline prices is now being felt nearly across the board. The national average for a gallon of gas is currently $4.94 after topping $5 per gallon for the first time ever earlier this month, according to AAA. Last year at this time, the price was $3.07 per gallon. The increase has put a severe […]
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Suze Orman has a warning for those who want to quit in the Great Resignation
44% of workers are worried about a layoff, job loss Despite the collective optimism around the current job market, 44% of workers are worried about a layoff or job loss, CNBC’s All-America Workforce Survey found. Some 84% are concerned about a recession. Economists are starting to raise their recession probability outlooks. On Monday, Goldman Sachs […]
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Tax return backlog is still ‘crushing the IRS’ — and taxpayers — as pileup exceeds 21 million, agency watchdog reports
IRS Commissioner Chuck Rettig testifies before the Senate Finance Committee on April 7, 2022. Kevin Dietsch | Getty Images News | Getty Images The IRS backlog of tax returns has swelled over the past year, despite efforts to clear the pileup, according to an agency watchdog. There were 21.3 million unprocessed paper returns as of […]
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Consumer watchdog eyes crackdown on credit card late fees as inflation threatens to increase them
Rohit Chopra, director of the Consumer Financial Protection Bureau, testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on April 26, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau signaled a crackdown on late fees charged by credit card companies on Wednesday, as inflation threatens to […]
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Beyonce’s ‘Break My Soul’ is a sign the Great Resignation ‘has seeped into the zeitgeist,’ says labor economist
Beyoncé released a new single, “Break My Soul,” on Monday. The song references quitting a job and employee stress, alluding to the recent Great Resignation trend. Larry Busacca | PW18 | Getty Images The Great Resignation is part of the zeitgeist. If you need proof, just ask Beyonce. The superstar singer’s new single, “Break My […]
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Tax pros ‘very skeptical’ about expanded IRS voice bots for payments plans
Westend61 | Westend61 | Getty Images If you get a tax bill and want help from the IRS to set up a payment plan, newly expanded voice bots may make for faster phone service, according to the agency. But some tax professionals are doubtful about the new plan to reduce wait times. Artificial intelligence-driven IRS […]
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A travel pro’s ‘secret’ for easing into work mode after a long vacation
Remote work makes it easier than ever to take a working vacation — you can travel to a new location, log in during the day and essentially get away without having to use your PTO days. But a lot of people are coming back from these “breaks” even more burned out than when they left. […]
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