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April 15, 2021

personal finance

Suze Orman: The biggest financial mistake people make is not having these 4 documents

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CNBC – For more and to sign up click here Suze Orman has spent decades teaching other people how to be hands on with their money. But the biggest oversight people often make is not figuring out what will happen to their belongings when they are no longer able to......

People in these states receive the highest tax refunds on average

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CNBC – For more and to sign up click here Many taxpayers get a refund from the IRS. Not all are created equal. Some taxpayers receive significantly higher refunds after filing their returns, according to an analysis of IRS data done by LendingTree. In 2018, the latest available data, the......

Bernie Madoff, mastermind of the nation’s biggest investment fraud, dies at 82, AP reports

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CNBC – For more and to sign up click here Bernard Madoff leaves federal court in New York on Tuesday, March 10, 2009. Jin Lee | Bloomberg | Getty Images Bernard Madoff, mastermind of the biggest investment fraud in U.S. history, ripping off tens of thousands of clients of as......

Mortgage refinance demand hits lowest level in over a year, and homebuyers retreat, too

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People wait to visit a house for sale in Garden City, Nassau County, New York, on Sept. 6, 2020. Xinhua News Agency | Getty Images It was a mixed week for rates, which started high and then fell slightly, but the damage was done early. Total mortgage application volume decreased......

Pressure mounts for Biden to forgive student debt

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CNBC – For more and to sign up click here Alex Wong | Getty Images News | Getty Images While the latest Covid stimulus package and a new massive infrastructure bill are the main topics of conversation in Washington of late, President Joe Biden continues to be under mounting pressure......

New $3,000 child tax credit to start payments in July, IRS says

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CNBC – For more and to sign up click here kate_sept2004 | E+ | Getty Images But on Tuesday, when Sen. Sherrod Brown, a Democrat from Ohio and ranking member of the Senate Banking Committee, asked Rettig if the IRS would be ready to start monthly child tax credit payments......

These resources can help you teach your kids about money

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CNBC – For more and to sign up click here kate_sept2004 | E+ | Getty Images Much has been said about the importance of teaching your children about money. Yet you may not know where to start or even feel like you know enough about finances yourself. “Many parents avoid......

Learn in 60 seconds: Three simple ways to quickly grow your savings

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CNBC – For more and to sign up click here Tori Dunlap spends a lot of time thinking about the most effective ways to handle cash. The former marketer quit her job after tucking away $100,000 by age 25. Dunlap now runs Her First 100K, a company that teaches women......

The third round of stimulus checks helped, but millions of Americans are still struggling

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CNBC – For more and to sign up click here While the number of Americans struggling to put food on the table and pay bills fell last month, new data shows that millions are still feeling the financial effects of the Covid-19 pandemic.  The third round of stimulus payments started......

Here’s how to handle the complicated rules for an inherited 401(k) or IRA

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CNBC – For more and to sign up click here Jason York | Getty Images So you inherited a retirement account.  Before you make any decisions on when and how to access the money, it’s worth familiarizing yourself with the rules that apply to different beneficiaries. The rules for these......

Bidding wars, lack of houses and desperate buyers: How to navigate buying a home this spring

CNBC Real Estate
After looking at more than 50 houses and writing 17 offers, Taryn and Antonio Orellana recently closed on a house in Lakewood, Calif. Source: Taryn Orellana When pandemic life began to feel too tight inside the one-bedroom apartment Taryn Orellana shared with her husband, Antonio, she knew they had to......

IRS will start sending tax refunds on up to $10,200 in unemployment insurance in May. Here’s who qualifies

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CNBC – For more and to sign up click here Americans who collected unemployment insurance in 2020 and filed their taxes before claiming a new tax break on the benefits can expect to receive an automatic refund in May, the IRS announced this week. The agency announced last month that......

Biden seeks extra $400 a year in Pell grants for college and to expand aid to Dreamers

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CNBC – For more and to sign up click here Alex Wong | Getty Images News | Getty Images President Joe Biden asked Congress for a $400 annual increase in maximum Pell grants for college students as part of a budget proposal issued Friday. The president also called to broaden......

How much you need to invest per month to retire at 45 with $30,000 in passive income

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CNBC – For more and to sign up click here A little math can go a long way. There is a simple way to get an estimate of how much money you will need to save for retirement. You figure out how much you spend per year, then work your......

6 million people applied for unemployment a year ago. They’re still near pre-pandemic highs

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CNBC – For more and to sign up click here A person walks under a marquis for a closed down Paramount theater in Oakland, Calif. on Feb. 12, 2021. JOSH EDELSON | AFP | Getty Images It’s been a year since unemployment claims peaked at nosebleed levels and signaled the......

Suze Orman: The market ‘reminds me of 2000,’ and you need to be ready for a correction. Here’s how you should prepare

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CNBC – For more and to sign up click here Suze Orman, who has spent decades teaching people about money, knows market swings aren’t uncommon. Orman was on the airwaves when Covid dropped stock prices last spring. The best-selling author helped her followers through the housing crisis in 2008 and......

Biden tax plan may lead to more Roth retirement accounts

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CNBC – For more and to sign up click here Win McNamee | Getty Images News | Getty Images Biden tax plan Generally, Roth accounts make sense if taxpayers think their income-tax rate will be higher when they withdraw money in retirement. In that case, it would yield a financial......

Consumer protection group cracks down on mortgage servicers that don’t assist struggling homeowners

CNBC Real Estate
Andrew Harrer | Bloomberg | Getty Images The Consumer Financial Protection Bureau is warning mortgage servicers that they’re expected to help the surge of struggling homeowners in the pandemic and explore options other than foreclosure. “Responsible servicers should be preparing now,” CFPB Acting Director Dave Uejio said in a statement.......

Amended return may be needed to get full refund on $10,200 unemployment tax break, IRS says

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CNBC – For more and to sign up click here $10,200 unemployment tax break The American Rescue Plan waived federal tax on up to $10,200 of unemployment benefits, per person, received in 2020. However, President Joe Biden signed the $1.9 trillion Covid relief measure on March 11 — about a......

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