Phil Murphy, governor of New Jersey, speaks during a fiscal year 2020 budget address at the New Jersey State Assembly chamber on March 5, 2019. Ron Antonelli | Bloomberg | Getty Images Millionaires in New Jersey may not have many options to duck a new tax hike on their income. Earlier this month, Gov. Phil
Personal finance
shapecharge | E+ | Getty Images Even though the U.S. stock market has been subject to heightened volatility so far in 2020, financial advisors say that retirees with investment portfolios shouldn’t let it spook them – instead, it’s a good time to stick with a previous plan. The market has been on a roller coaster
10’000 Hours As employee benefits enrollment season rolls in, companies are weighing new ways to accommodate working parents. About 4 out of 10 large companies polled by benefits consultancy Willis Towers Watson said they believe the programs they currently have in place do an effective job of supporting these employees. The firm surveyed 553 U.S.
A health worker injects a person during clinical trials for a Covid-19 vaccine at Research Centers of America in Hollywood, Florida. Eva Marie Uzcategui | Bloomberg | Getty Images If you’re on Medicare and hope to get a coronavirus vaccine as soon as it’s available, it may take an act of Congress for it to
Oliver Rossi | Stone | Getty Images Once you hit your 50s, retirement is no longer something happening far off in the future. Whether you have been a super-saver your entire career or are just starting to think about retirement, it’s time to take a serious look at what you expect your golden years to
Democratic presidential candidate Joe Biden speaks during a press conference after meeting with public health experts about a Covid-19 vaccine in Wilmington, Delaware. Jim Watson | AFP | Getty Images A change to the tax incentives for saving in a retirement plan might be in store if Democratic candidate Joe Biden wins the election. In
People gather outside of an apartment complex with the intention to stop the alleged eviction of one of the tenants in Mount Rainier, Maryland, U.S., August 10, 2020. Leah Millis | Reuters The stimulus stalemate has left lawmakers at odds over how to get more relief to millions of Americans who need it. Earlier this
Food banks in the Orlando, Florida, area face continued demand as unemployment due to the Covid-19 pandemic persists. Paul Hennessy/NurPhoto via Getty Images States are starting to run out of funding for enhanced unemployment benefits, leaving millions of workers without additional aid as hopes for more stimulus dwindle. At least nine states — including Alabama, Arizona,
courtneyk | E+ | Getty Images If you are thinking of relocating when you retire, there are several things to consider before you make the move. One of them may now be whether you should do it before you leave the workforce. Thanks to the coronavirus pandemic, many Americans are working remotely — and may
Scott Heins | Getty Images News | Getty Images Mom-and-pop landlords are in a worse financial position relative to their higher-earning peers as unemployment remains elevated and Americans continue to struggle to pay rent, according to a new analysis. Roughly a third of individual landlords who own residential property are from low- to moderate-income households
It’s been said that men come from Mars and women, Venus. It looks like they’re also headed in different directions when it comes to vacations here on Earth, according to insurer Berkshire Hathaway Travel Protection. Women, in general, tend to play it safer when it comes to travel planning in the age of Covid-19, according
Democratic presidential candidate former Vice President Joe Biden reacts while giving a speech during a campaign event at Tougaloo College on March 08, 2020 in Tougaloo, Mississippi. Jonathan Bachman | Getty Images The 2020 presidential election could be a make it or break it moment for Social Security. The reason: Social Security’s funding, already on
Getty Images If you’ve thought about refinancing your mortgage, be aware that it may soon be a more expensive proposition. Due to a 0.5% “adverse market” fee, effective Dec. 1 and imposed on lenders by mortgage backers Fannie Mae and Freddie Mac, many homeowners are expected to absorb at least some of the cost when
Getty Images Saving for retirement is crucial. Yet trying to figure out the best retirement plan may leave many people confused. You may have the option to contribute to an employer-sponsored plan, like a 401(k) plan. There are also individual retirement accounts: the traditional, into which contributions are made pre-tax, and Roth IRAs, in which
Miami resident Willie Mae Daniels, with granddaughter, Karyah Davis, 6, was laid off from her job as a food service cashier at the University of Miami on March 17. Joe Raedle | Getty Images News | Getty Images In just the past six months, more than 22 million American jobs have been lost, and fewer
Democrats and Republicans still haven’t reached a deal on another stimulus package. Al Drago/Bloomberg via Getty Images It’s a scary time for millions of Americans as Congress is still unable to reach a compromise on a stimulus package that could include another round of direct payments and more unemployment benefits. Jobless rates are still high,
With the fall semester just underway, and cases of coronavirus rising at colleges across the country, one school after another is pivoting to distance learning. That doesn’t sit well with students who signed up for — and paid for — on-campus instruction. Although Virginia Commonwealth University adopted a hybrid approach with a combination of in-person and
Marko Geber | DigitalVision | Getty Images Open enrollment for health insurance is around the corner. That means if you’re shopping on your own for medical coverage, be on guard. New research from the U.S. Government Accountability Office found that some insurance agents engaged in potentially deceptive sales practices when marketing health care coverage. From
Senate Minority Leader Chuck Schumer, D-N.Y., and Sen. Elizabeth Warren, D-Mass., announced a resolution Thursday that would broadly cancel federal student loan debt during the coronavirus crisis. The resolution calls on President Donald Trump to take executive action to forgive up to $50,000 in debt for borrowers. The economic aftermath from the pandemic, which caused
Niko_Cingaryuk | iStock | Getty Images The stimulus stalemate has turned into a high-stakes political battle in an election year. But if Democrats and Republicans are able to come to a compromise, Americans could receive more money as soon as October. The crux of the disagreement comes down to how much and what kind of