Personal finance

President Joe Biden addresses a joint session of Congress on April 28, 2021. Melina Mara | Reuters President Joe Biden has unveiled a plan for higher taxes on inherited homes to help fund the $1.8 trillion American Families Plan. The proposal would tax inherited property gains at death, targeting generational wealth transfers.  But financial experts
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FatCamera | Getty Images Lower-income homeowners could benefit from a new refinance program being launched by the U.S. government. Starting this summer, eligible borrowers will be able to refinance their mortgage at a reduced interest rate and lower monthly payment, saving an estimated $100 to $250 a month, according to the Federal Housing Finance Agency,
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FatCamera | E+ | Getty Images A temporary federal policy aimed at making health insurance more affordable for tens of millions of Americans could become permanent. Under President Joe Biden’s $1.8 trillion plan to help families and children, which he will propose to Congress on Wednesday night, he would permanently extend recently expanded premium subsidies
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President Joe Biden speaks in the Eisenhower Executive Office Building in Washington, D.C., on Wednesday, April 7, 2021. Leigh Vogel | Bloomberg | Getty Images President Joe Biden will formally unveil his new tax plan during his first presidential address on Wednesday that includes a key campaign promise — no one making $400,000 or less
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FatCamera Retirees concerned about inflation eroding the value of their money may want to consider hedging against the possibility. Treasury inflation-protected securities, or TIPS, could be an appropriate option.  Like typical Treasury bonds, TIPS are issued and backed by the U.S. government. However, they operate a bit differently. And depending on how you use them,
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urbazon | E+ | Getty Images You may want to reconsider any plans to travel abroad. That’s the recommendation from the U.S. State Department, which updated its Travel Advisories list this week warning Americans against foreign travel to include about 80% of countries worldwide. Calling the risks the ongoing Covid-19 pandemic poses to travelers as
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