Robert Daly | Ojo Images | Getty Images Manage the ‘sequence of returns’ risk Typically, you should avoid selling assets when the stock market is down, especially during earlier retirement years. Those early withdrawals paired with market dips can stunt your long-term portfolio, known as the “sequence of returns risk.” Negative returns are more harmful early […]
Where young adults are most likely to live with parents
Catherine Falls Commercial | Moment | Getty Images In some California cities, it’s common for parents to have roommates: their adult children. Three California metro areas host the highest shares of 25- to 34-year-olds living in a parent’s home relative to other U.S. metros, according to a new analysis by Pew Research Center, a non-partisan […]
Trump said tariff revenue could replace income tax. What economists say
A forklift transports shipping containers among stacks of containers in Hamburg Port in Hamburg, Germany, April 15, 2025. Sean Gallup | Getty Images Tariff tax base is ‘a lot smaller’ than income tax Some policy experts have questioned how much revenue the duties could bring in, compared with the federal income tax. “The tariff tax […]
Magic number to retire comfortably is $1.26 million in 2025: report
Phoenix Wang | Moment | Getty Images There’s been a persistent gap between how much money savers are putting away and how much they think they will need once they retire. Yet this year, many Americans are scaling back their expectations. For 2025, the “magic number” to retire comfortably is down to an average $1.26 million, a […]
How to protect your nest egg from tariff volatility near retirement
Alistair Berg | Digitalvision | Getty Images After the latest stock market volatility, many Americans are feeling stressed about the future of the U.S. economy and their finances. That uncertainty can be even more unsettling for near-retirees who are preparing to leave the workforce and tap portfolios for living expenses, experts say. To that […]
Experts see higher stagflation risks. Here’s what it means for your money
David Espejo | Moment | Getty Images Weary consumers, already grappling with high prices, now face an added potential risk: stagflation. Stagflation — an economic term used to describe a combination of rising inflation, slower economic growth and high unemployment — may be on the horizon, according to economists. “The Trump White House tariff policy […]
Should investors dump U.S. stocks for international equities? Experts weigh in
Some investors accustomed to the dominance of U.S. stocks versus the rest of the world are making a stunning pivot toward international equities, fearing U.S. assets may have taken on more risk amid escalating trade tensions initiated by President Donald Trump. The S&P 500 sank more than 6% since Trump first announced his tariff plan, while the […]
IRS’ free tax filing program is at risk amid Trump scrutiny
Vithun Khamsong | Moment | Getty Images The IRS’ free tax filing program is in jeopardy as the agency faces continued cuts from the Trump administration. After a limited pilot launch in 2024, the program, known as Direct File, expanded to more than 30 million taxpayers across 25 states for the 2025 filing season. Funded […]
Here’s why retirees shouldn’t fully ditch stocks
Lordhenrivoton | E+ | Getty Images Retirees may think moving all their investments to cash and bonds — and out of stocks — protects their nest egg from risk. They would be wrong, experts say. Most, if not all, retirees need stocks — the growth engine of an investment portfolio — to ensure they don’t […]
This homeowner cut her heating bill in half — and got a $1,200 tax credit
Banksphotos | E+ | Getty Images Megan Moritz bought her dream house in 2019. However, the 1,400-square-foot home, in the Arlington Heights suburb northwest of Chicago, was built in the 1930s and lacked insulation — leading to heating bills that were “very high,” said Moritz, 48. The first-time homeowner opted to pay about $5,700 for […]