Month: June 2022

Justin Sullivan / Getty If you’re holding the winning ticket for Powerball’s $366.7 million jackpot, don’t forget about your silent partner: Uncle Sam. After rolling higher for about two months of three weekly drawings with no winner, the lottery game’s top prize was nabbed in Wednesday night’s drawing. The ticket was purchased in Vermont, which
0 Comments
andresr | E+ | Getty Images IRA rollovers — transfers from 401(k) plans to individual retirement accounts — are a common financial move when workers switch jobs or retire. But rollover IRAs can cost Americans billions of dollars in extra fees over decades, according to a study issued Thursday by The Pew Charitable Trusts, a
0 Comments
In a win for the nation’s taxpayers, the office of the National Taxpayer Advocate Service (TAS) has resumed taking some cases about paper-filed original and amended returns (Forms 1040 and 104-X, respectively). Due to the huge backlog of paper-filed returns that began accumulating during the 2020 filing season, when IRS offices were closed during the
0 Comments
Facing record-high year-over-year rates of inflation, the Fed has been trying to combat it with a series of rate hikes that many Americans haven’t seen in decades. Rising mortgage rates have certainly had an impact on housing markets in the United States, with the number of home sales nationally declining by 7.4%, from 636,507 home
0 Comments
In this article NKLA NKLA CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters Electric truck startup Nikola is still short of clearing a shareholder hurdle
0 Comments
The Supreme Court’s recent 5-4 decision to overturn Roe v. Wade and allow states to outlaw abortion could have long-lasting financial effects on those seeking the procedure, researchers have found. Those who are unable to get an abortion and later go on to give birth are more likely to experience “an increase in household poverty
0 Comments
Sdi Productions | E+ | Getty Images The student loan crisis has made it clear that many borrowers have gotten in over their heads, said Sheila Bair, who has served as both a bank regulator and college president. She blames the lack of transparency and confusion around this category of loan. About 44 million Americans
0 Comments
Anchiy | E+ | Getty Images Certain “junk” fees often levied by debt collectors are illegal under federal law, the Consumer Financial Protection Bureau said Wednesday. Debt collectors charge so-called “pay-to-pay” fees, which are also known as convenience fees, when consumers make a payment online or over the phone, according to the federal agency. These
0 Comments