What to do if you win the record $1.602 billion Mega Millions jackpot

The Mega Millions jackpot grew to more than $1.6 billion on Aug. 9, 2023.Justin Sullivan | Getty ImagesThere's finally a winner for the massive Mega Millions jackpot — but the lucky ticketholder may face unexpected pitfalls, experts say.A single ticket sold in Florida matched all six numbers Tuesday night,...

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Is an Ivy League degree worth it? Report finds advantages beyond pay

A class at Princeton University in New Jersey.Princeton University, Office of CommunicationsWhen it comes to elite college admissions, most expert agree: The Supreme Court's ruling on the affirmative action admission policies of Harvard University and the University of North Carolina could have an immediate effect on who gets in and why.That may...

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Retirement account balances have increased for high-income households

Artistgndphotography | E+ | Getty ImagesWhen it comes to retirement savings, the gap between the haves and the have-nots has widened, according to a new report from the Government Accountability Office.The median retirement account balance for high-income households was nine times that of middle-income households in 2019 — $605,000...

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KPMG offers teens paid internships to boost interest in accounting

KPMG is offering high schoolers paid internships to help fix accounting's staffing shortage.By her own admission, Autumn Kimborough, 17, didn't have a passion for accounting. But the rising high school senior from Flossmoor, Illinois, heard about a well-paid summer internship at KPMG, which included a $250 clothing stipend, and got...

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What higher earners need to know about 401(k) catch-up contributions

Peter Cade | Getty ImagesHigher earners maximizing savings ahead of retirement may soon lose a tax break, thanks to 401(k) changes enacted last year.If you're 50 or older, you can funnel extra money into your 401(k), known as "catch-up contributions." For 2023, eligible workers can save another $7,500 after...

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