10'000 Hours | Digitalvision | Getty ImagesAs families gather for Thanksgiving this year, money is one topic that likely won't be discussed.Yet experts say it's a perfect time to start the conversation, particularly with aging parents.More than half of Americans — 56% — say their parents never discussed money...
Xavierarnau | E+ | Getty ImagesIf you're retired and planning a year-end donation to charity, there's a key move to maximize your tax break, financial experts say. Qualified charitable distributions, or QCDs, are direct transfers from an individual retirement account to a non-profit organization. Additionally, retirees can give more...
Mixetto | E+ | Getty ImagesAs year-end approaches, you may be eyeing a donation to charity — and certain gifting strategies can boost your tax break, experts say. In 2023, U.S. charitable giving hit $557.16 billion, up roughly 2% compared to 2022, according to Indiana University Lilly Family School of...
Brandon Bell | Getty Images News | Getty ImagesAs Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump.Trump's campaign promises — from tariffs to mass deportations, tax cuts and deregulation — and his picks to lead federal agencies suggest both...
Pt Stock | Moment | Getty ImagesWhen Americans measure success, they're not often thinking about their net worth or account balances.About 59% of polled Americans say that happiness — specifically, the ability to spend money on things that make them happy — is the most important benchmark of success,...
Images By Tang Ming Tung | Digitalvision | Getty ImagesAs 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...
Marco Vdm | E+ | Getty ImagesMany 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...
Sporrer/Rupp | Image Source | Getty ImagesMost Americans are concerned about what may happen to Social Security when its retirement trust fund crosses a projected 2033 depletion date, according to a new Bankrate survey.Nearly three-quarters, 73%, of non-retired adults and 71% retired adults say they worry they won't receive...
A trader wears a Trump hat as he works on the floor of the New York Stock Exchange during the opening bell on Nov. 6, 2024.Timothy A. Clary | Afp | Getty ImagesOn Nov. 5, the presidential election handed a decisive victory for President-elect Donald Trump. In the days...
Hispanolistic | E+ | Getty ImagesCrypto investors could face higher taxes amid the surging price of bitcoin. But if you're in the 0% capital gains bracket, you can reduce future taxes with a lesser-known strategy, experts say. The tactic, known as tax-gain harvesting, is selling profitable crypto in a lower-income year....