Personal finance

Klaus Vedfelt | Getty Images The Social Security cost-of-living adjustment for 2022 potentially will be the biggest in 40 years. Estimates indicate the annual boost could be 6.2%, prompted by rising inflation. But rising prices on grocery store shelves and at gasoline pumps aren’t the only reasons why those bigger monthly benefit checks will likely

Hero Images | Getty Images At some point, individuals who are charitably inclined might determine that writing checks here and there to various nonprofits is no longer cutting it. For those who want a more permanent way to help the greater good during their lifetime, and perhaps beyond, options include either a private foundation or

In this article MNTV svetikd | E+ | Getty Images People of color are still lagging behind when it comes to investing, a new CNBC/Momentive Invest in You survey found. Half of Black U.S. adults and 49% of Hispanics don’t currently own individual stocks, mutual funds, bonds, exchange-traded funds, cryptocurrency or real estate. Meanwhile, 32%

There are fun expenses that come with any vacation you’re flying off to — that souvenir t-shirt, a fancy dinner or even a poolside cabana rental — but forking over a fortune to park your car at your home airport while you’re away isn’t one of them. Travelers departing major U.S. airports can often expect

In this article ZNOG Tourists crowd in to the Midway Geyser Basin on July 14, 2021 at Yellowstone National Park, Wyoming. Yellowstone is one of many national parks seeing record numbers of visitors this summer. Natalie Behring | Getty Images News | Getty Images Cadillac Mountain in Maine’s Acadia National Park is among the country’s

Miracle Messages founder and CEO Kevin F. Adler, right, with community ambassadors Beverly Stevenson and Brian Whitten in San Francisco. San Francisco Chronicle/Hearst Newspapers via Getty Images | Hearst Newspapers | Getty Images More than six years ago, Kevin F. Adler walked the streets of his San Francisco neighborhood with an unusual purpose: He wanted

FG Trade | iStock | Getty Images Help may be on the way for workers who lose track of their 401(k) accounts as they move from job to job throughout their careers. Under a proposal included in retirement legislation that’s pending in Congress, an online “lost and found” database would be established to help locate

Getty Images The enhanced child tax credit captured America’s attention this summer as millions of families began receiving payments. But Congress also boosted a lesser-known write-off this year for working families: the child and dependent care tax credit. Often conflated with the child tax credit, the child and dependent care tax credit offers working parents

John Lund | Photodisc | Getty Images Alyssa, a marketing and communications assistant in New York, loves working from home. “You can wear what you want, run a quick errand,” said Alyssa, 22, who asked to use her first name only because she was discussing her job. “It’s just more comfortable.” She was hired remotely

Image Source | Getty Images Many Americans have trouble covering their costs of living with income solely from Social Security. Now, a bill has been reintroduced in Congress aimed at reducing the risk that older Americans, women and people of color will live in poverty despite receiving their monthly checks. The proposal, called the Social

Although many Americans continue to face financial uncertainty due to the pandemic, the outlook for retirement savers is only improving. Retirement account balances, which took a sharp nosedive in 2020 when the coronavirus outbreak caused economic shock waves, are now at new highs, according to the latest data from Fidelity Investments, the nation’s largest provider

People line up outside a newly reopened career center for in-person appointments in Louisville, Kentucky, on April 15, 2021. Amira Karaoud | Reuters In just a few weeks, enhanced federal unemployment insurance put in place during the coronavirus pandemic will end as the delta variant continues to threaten the economic recovery. Some 7.5 million Americans

Thailand, now in the top five destinations customers of travel insurer Seven Corners are booking, requires visitors be insured for Covid treatment. Saowakhon Brown | Moment | Getty Images The ever-evolving Covid-19 pandemic is reshaping where Americans spend their travel dollars and how they protect that investment. That’s according to the latest findings from travel

EmirMemedovski Workers may soon get a better sense of how much income their retirement savings really will deliver later in life. As mandated in the 2019 Secure Act, 401(k) plan sponsors are preparing to provide illustrations on quarterly or annual statements showing an estimate of how much guaranteed lifetime income — via an annuity —

Hector Pertuz | iStock | Getty Images If you’re handling the financial affairs for an older person who has died, you may wonder how the government knows to stop sending Social Security payments. Or maybe there’s a surviving spouse or dependent who is hoping those benefits can continue. Although Social Security rules can be complicated,

In this article BCH.CB= TSLA A view of dogecoin commemorative coins, Yichang, central China’s Hubei province, May 9, 2021. Costfoto/Barcroft Media via Getty Images Dogecoin, the cryptocurrency named after a meme of a shiba inu dog, is rallying again. The digital coin jumped as much as 10% on Monday to more than 35 cents, according

Hero Images | Getty Images You may know that once you reach age 65, you’re eligible for Medicare. What surprises many people, say experts, is the cost. Even as Democratic lawmakers in Congress want to expand the health insurance program to cover dental, vision and hearing as part of their $3.5 trillion budget plan, those

Vstock LLC | Getty Images Federal stimulus and enhanced tax credits have provided benefits to millions of Americans. However, some low-income workers may not receive a boost. The earned income tax credit, known as the EITC or EIC, offers a write-off for low- and moderate-income families. To qualify, taxpayers must have earned income — wages

New York City housing advocates and tenants march to demand Gov. Andrew Cuomo cancel rent amid the pandemic on Oct. 10, 2020. Andrew Lichtenstein | Corbis News | Getty Images A U.S. judge rejected on Friday a request by landlord groups to block the Centers for Disease Control and Prevention’s new eviction moratorium. The decision

Getty Images Having a big wad of cash to invest means not only deciding what to buy, but when. If you’re debating between investing the money all at once or through regular deployments at set intervals (known as dollar-cost averaging), be aware that you’re more likely to end up with a higher balance down the