US jobless claims fall to 547,000, another pandemic low
WASHINGTON (AP) — The number of Americans applying for unemployment aid fell last week to 547,000, the lowest point since the pandemic struck and an encouraging sign that layoffs are slowing on the strength of an improving job market.
Should You Max Out Your 401(k) This Year?
It could be the best decision you ever made. Or the worst.
How the Pandemic Has Shaken Up Retirement
Pandemic-related job losses forced many older Americans out of the workplace in the past year, perhaps permanently. But the COVID-19 crisis also seems to have delayed some retirements. Remote work…
Investors Beware: 3 Red Flags an Investment Is Too Good to Be True
Choosing the wrong investments could be a costly mistake.
New Bipartisan Bill Aims to Save Social Security -- but Will It?
Social Security needs a lifeline. Will a new measure help?
These Myths Could Wreck Your Retirement -- but They Don't Have To
Here's how to work around some common retirement misconceptions -- and enjoy your senior years to the fullest.
Here's How to Turn $100 a Month Into $1 Million
Want to wind up a millionaire? It's not as difficult as it might seem.
3 ETFs for a Better Earth
These ETFs not only invest in clean energy companies, they have posted huge, triple-digit returns over the past year.
Banks Charged Low-Income Americans Billions In Overdraft Fees In 2020
Overdraft fees are a silent but costly aspect of personal finance. The most recent Forbes Advisor Checking Account Fees Survey found the average overdraft fee is $24.38, with credit unions charging the highest fee compared to other banking institutions. But what’s most striking about overdraft fees is that they are disproportionately shouldered by those who […]
Update: $29 Million in New Empire Pandemic Fund, Partially Funded by Fools
The Empire Fund will support the economic recovery for New York's first responders and essential workers.
How Fiduciary Duty Impacts Financial Advisors
Fiduciary duty is the requirement that certain professionals, like lawyers or financial advisors, work in the best financial interest of their clients. U.S. law dictates that members of certain professions who are doing business for certain clients be bound by fiduciary duty. Let’s take a closer look at fiduciary duty, what a fiduciary is, which […]
5 High-Yield Dividend Stocks to Protect Your Retirement From Inflation
The economy is booming and prices are rising, which could signal trouble for retirees.
Are My Social Security Benefits Taxable?
Social Security is generally considered a tax-free benefit, but that is not always the case. Depending on the amount of alternate income that you have in retirement and your filing status, you could owe taxes on up to 85% of your Social Security benefits.
If you receive Social Security or Social Security Disability Insurance (SSDI) income, you will also receive a Form SSA-1099 from the government. This form tells you the total amount of your benefits but does not tell you if any of your benefits are taxable, or at what percentage.
You can IRS Free File to e-file your return (if you make no more than $72,000), and the software will figure the taxable component of your benefits for you. However, you can get a reasonable estimate by combining half of your Social Security benefits with all other income (includi...
How To Increase Your Social Security Payments After You've Retired
Retiring Early? Prepare Yourself for These Financial Challenges
Hate extra fees? You'll want to read this.
Are You Overlooking These Stocks of the Future?
The stocks of the future may also be good for your investment returns in the present.
4 Roadblocks That Could Keep You From Becoming a Millionaire
Remember: plan, save, invest, and don't overspend!
