A student studies in the Perry-Castaneda Library at the University of Texas at Austin on February 22, 2024 in Austin, Texas. Brandon Bell | Getty Images When the Trump administration first announced in April that it would soon resume student loan collection efforts, it said notices for wage garnishment would resume “later this summer.” It’s […]
How wealthy investors use ETFs to avoid capital gains taxes
After years of stock market growth, many investors are sitting on large profits in taxable accounts, which could trigger hefty capital gains when sold. That bill can be significant for wealthy Americans, with a 20% top capital gains rate, plus 3.8% net investment income tax, depending on earnings. One solution, known as a 351 conversion […]
Trump’s ‘big beautiful bill’ expands 529 savings plan expenses
A student studies in the Perry-Castaneda Library at the University of Texas at Austin, Feb. 22, 2024. Brandon Bell | Getty Images As back-to-school season gets underway, parents have many more ways they can spend funds in 529 college savings plans this year, due to President Donald Trump‘s “big beautiful bill.” Yet a new survey […]
Well-diversified portfolio is the key to investor confidence: CFP
Recent bouts of market volatility haven’t done much to dim investor confidence, according to a new report. After a year of wild market swings followed by the S&P 500 hitting fresh highs last week, nearly two-thirds of investors expect their portfolios to perform the same or better in the coming months, according to Fidelity Investments’ “State […]
‘Job hugging’ has replaced job hopping
Martin Barraud | OJO Images | Getty Images The so-called great resignation has become the “great stay.” But experts say workers aren’t just staying — they’re “job hugging.” Job hugging is the act of holding onto a job “for dear life,” consultants at Korn Ferry, an organizational consulting firm, wrote last week. The rate at […]
Tuition-free colleges in 2025
With more families concerned about how they will afford college, some schools are offering an unbeatable deal. While the total cost of college is nearing or crossing the $100,000 threshold at several institutions across the country, according to data provided by The Princeton Review, tuition is completely free for all students at handful of other colleges and universities in the […]
The ‘ideal’ age to start saving for retirement: survey
Young couple considering early retirement. Ric Rowan | Getty Images While some Americans think starting to save for retirement in your late 20s is ideal, financial advisors say it can pay to start even sooner — especially if you plan to retire early. On average, surveyed Americans say you should start saving for retirement at […]
Public Service Loan Forgiveness ‘Buyback’ has a 72,730-person backlog
Jose Luis Pelaez Inc | Digitalvision | Getty Images There’s a way for student borrowers pursuing Public Service Loan Forgiveness to get their debt wiped away sooner than they might have expected. But that program, called PSLF Buyback, has been experiencing some challenges of late. Chief among them: As of July 31, there’s a 72,730-person […]
Social Security turns 90. Here’s what could happen to future benefits
President Franklin D. Roosevelt signs the Social Security Act into law on Aug. 14, 1935. FPG | Archive Photos | Getty Images Ninety years ago, President Franklin Delano Roosevelt signed the Social Security Act, which created the program that now sends monthly benefit checks to millions of Americans, including retirees, disabled individuals and families. But […]
Older student loan delinquencies reach 18% in Q2 2025
Vladimir Vladimirov | E+ | Getty Images More older student loan borrowers are struggling to pay their monthly bill, as the Trump administration ramps up its collection efforts. Nearly 1 in 5 — or roughly 18% — of student loan borrowers who are 50 and older became “seriously delinquent,” or 90 days or more late […]