Personal finance

Money in a special needs trust can cover supplemental needs not covered by Medicaid and SSI. Uwe Umstaetter | Getty Images Democratic leaders in Washington, D.C., have touted a $3.5 trillion spending package aimed at helping to fight poverty. Yet initial drafts have not included proposed reforms to enhance Supplemental Security Income — also known
0 Comments
Getty Images Young investors are flocking to social media platforms like TikTok, Instagram and Reddit for financial advice. In fact, one-third of Americans trust social media to help them make financial decisions, and 32% trust social media influencers and celebrities’ financial advice, a survey from investment firm TIAA found. Navigating the slew of recommendations can
0 Comments
Halfpoint | iStock | Getty Images Many Americans are looking to Labor Day with dread. That’s when some 7.5 million of them will stop receiving their unemployment benefits. The number is more than five times the 1.3 million people who lost aid in December 2013 as the country walked away from the Great Recession. Although
0 Comments
It might be time, again, to protect your credit. An estimated 1 million U.S. and global credit cards were released by a Russian criminal organization on the so-called dark web, according to analysts at cybersecurity firm Q6. The group, which calls itself “All World Cards,” offers stolen credit card information to other criminals. Although there’s
0 Comments
Job seekers speak with recruiters at a Job News USA career fair in Louisville, Kentucky, on June 23, 2021. Luke Sharrett/Bloomberg via Getty Images About half of U.S. states withdrew federal funds for the unemployed months early to encourage out-of-work residents to find a job. But mounting evidence shows that policy gambit hasn’t yet paid
0 Comments
Getty Images Although every retirement looks different, those with guaranteed income, little debt, a clear spend-down strategy and employer-provided assistance are among the most satisfied.      That’s according to a study from the Employee Benefit Research Institute’s Retirement Security Research Center, profiling five types of retirees. The study uncovered patterns among retirees who identify as “average,”
0 Comments
Sen. Rob Portman, R-Ohio, left, and Sen. Kyrsten Sinema, D-Ariz., speak at a July 28, 2021 news conference in Washington, D.C. Stefani Reynolds | Bloomberg | Getty Images As U.S. Senators hammer out the $1 trillion bipartisan federal infrastructure bill, a provision in the measure seeks to raise funds with a crackdown on cryptocurrency tax reporting.
0 Comments