Financial security shouldn’t just be nice to have — ideally, it should be attainable for all Americans. But as high prices, tariffs and economic uncertainty…
The global oil market is a point of major focus after the U.S. attacked three key Iranian nuclear sites on Saturday night. Oil prices are expected to rise following what President Donald Trump called “a…
The Good Brigade/Getty Images Key takeaways A cost-of-living adjustment (COLA) is an annual increase in Social Security benefits to help account for inflation. Social Security COLAs are based on the Consumer Price Index for Urban Wage Earners (CPI-W). For those living on a fixed income, a COLA is a critical…
The origination of home equity loans, home equity lines of credit (HELOCs) and cash-out-refinances rose 11 percent in the fourth quarter of 2024, according to TransUnion. That marks the third straight quarter of year-over-year increases. And it doesn’t stop there. HELOC balances are growing too — by $6 billion in…
Chicago History Museum/GettyImages Mob boss Al Capone was famously convicted of tax evasion. He didn’t pay taxes he earned through illegal operations, and he went to prison for it. But while tax evasion is illegal, tax avoidance is not. Tax avoidance involves using legal strategies to lower your tax liability.…
Key takeaways Inheriting an IRA can be complex. The rules differ based on your relationship to the deceased, your age and even their age at death. One misstep can trigger hefty penalties or tax bills you can’t undo. Surviving spouses can treat the IRA as their own or remain as…
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The U.S. had new millionaires emerge at quite a clip last year. UBS said its Global Wealth Report, released Wednesday, found America gained more than 379,000 new millionaires in 2024. It notched the biggest increase in new…
