Personal saving
Making these 5 money moves now can set you up for financial success in the new year
Cn0ra | Istock | Getty Images The end of the year is an important time for making financial decisions that can have an impact in the year ahead — and for years to come. From your work to your savings and investments to spending and giving back, here are five moves you should consider making […]
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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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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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Robinhood to pay out a 1% ‘match’ on shopper contributions to retail particular person retirement accounts
Critical Points Robinhood, a retail brokerage, will offer you a 1% “match” to consumers who lead revenue to an unique retirement account by means of the Robinhood Retirement software. Industry experts imagine it is a way to get focus in a crowded current market. Source
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‘You can control your tax-reporting destiny’. 4 key year-end tax moves
seksan 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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Gen Zers are coming home for the holidays on mom and dad’s dime, study says
Travel demand has surged this year, although not everyone can afford the sky-high tab. Along with rising costs for hotels and rental cars, travelers can expect to pay up to 39% more for a round-trip flight around Christmas compared to last year, according to data from the travel booking app Hopper. Young adults, in particular, are shifting […]
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I raised 2 effective CEOs and a doctor. Here is the No. 1 talent I would like extra dad and mom taught their kids right now
Creating expertise like curiosity, kindness and psychological intelligence at a younger age will help little ones succeed as older people. But there is just one skill that mother and father aren’t teaching their children more than enough of these days: self-regulation. When little ones study to self-regulate, they far better understand the worth of time […]
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‘A lot of people are going to see less money in their pocket.’ Here are must-know tax changes for 2022
Tom Werner | DigitalVision | Getty Images Certain tax credits have been reduced One possible reason for a smaller tax refund is the child tax credit and the child and dependent care tax credit have been reduced for 2022, explained certified financial planner Cecil Staton, president and wealth advisor at Arch Financial Planning in Athens, […]
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