Category: Finance

Warren Buffett, chairman and CEO of Berkshire Hathaway Inc Daniel Zuchnik | Contributor | Getty Images ‘Tough conversations’ that ‘strengthen relationships’ Douglas Boneparth, a certified financial planner, agreed with Buffett’s advice to reveal your estate plan. “These are tough conversations to have, but they’re meaningful and when approached correctly, can strengthen relationships,” said Boneparth, who […]

Parents tend to splurge on their children during the holidays. This year, 63% of millennials, many of whom now have school-age children of their own, said they plan to spend the same or more on holiday shopping as they did last year — the highest share of any generation, according to a quarterly report by […]

Images By Tang Ming Tung | Digitalvision | Getty Images As some Americans struggle to save for retirement, key 401(k) plan changes could soon make preparing easier for certain workers, experts say.  Enacted by Congress in 2022, “Secure 2.0” ushered in sweeping changes to the U.S. retirement system, including several updates to 401(k) plans. Some […]

Stock traders on the floor of the New York Stock Exchange. Michael M. Santiago | Getty Images News | Getty Images Many large U.S. companies have seen their stocks swell since the presidential election. The top 10 performing stocks in the S&P 500 index saw returns of 18% or more since Election Day, according to […]

Marco Vdm | E+ | Getty Images Many employees have a health savings account, which offers tax incentives to save for medical expenses. However, most are still missing out on long-term HSA benefits, experts say. Two-thirds of companies offer investment options for HSA contributions, up 60% from one year ago, according to a survey released […]

A new 2.5% cost-of-living adjustment In 2025, retirement benefits will increase by about $50 per month, on average, according to the Social Security Administration. That’s due to the 2.5% annual cost-of-living adjustment. Notably, the benefit boost for 2025 will be the lowest since 2021. As the pace of inflation has subsided, the cost-of-living adjustment has […]

Boogich | E+ | Getty Images Lenders often encourage federal student loan borrowers to enroll in automatic payments. It can seem like a good idea to do so: Borrowers don’t need to worry about missing a payment and often get a slightly lower interest rate in exchange. However, the decision can backfire in a lending […]

D3sign | Moment | Getty Images Roth IRA income phaseouts for 2025 To contribute up to the limit in a Roth IRA, your modified adjusted gross income, or MAGI, must be below a certain threshold, which did change for 2025: The income phaseout range for taxpayers making contributions to a Roth IRA increased to between […]

milan2099 | E+ | Getty Images Older Americans have significant equity As current and prospective retirees consider how to handle their assets, their homes are one area where they may have a lot of equity tied up, prompting the question, “Should I pay off my mortgage?” Homeowners ages 65 and over had a median home […]

Mrs | Moment | Getty Images Rebecca Finch couldn’t think of a better gift for her 86th birthday. She received a notice in early September from Navient that the lender would forgive the private student loan on which she was a co-signer. “We’ve waived the remaining balance on your private student loan in the amount […]