Most Medicare Costs Are Increasing in 2024
Premiums, deductibles, and coinsurance amounts for Original Medicare generally change every year. Here's a look at some of the costs that will apply in 2024.
College Cost Data Released for 2023-2024
Every year, the College Board releases new college cost data and trends in its annual report. The figures published are average cost figures based on a survey of approximately 4,000 colleges across the country. Over the past 20 years, the average price for tuition, fees, and room and board has increased 38% at public colleges and 29% at private colleges over and above increases in the Consumer Price Index, straining the budgets of many families and leading to widespread student debt.
Claiming the Home Energy Audit Tax Credit
When considering making energy-saving home improvements, it may be helpful to have a home energy audit done. Fortunately, there is a federal income tax credit available equal to 30% of the amount paid for home energy audits, up to $150 per tax year. (There are also credits available for many other energy-saving expenditures.) The IRS has now provided some guidance on what is required to claim the credit for a home energy audit.
Navigating Tax-Advantaged Accounts for Retirement and College Savings
Planning for the future requires a strategic approach that not only considers long-term financial goals but also takes advantage of tax-efficient savings vehicles. When it comes to saving for retirement and funding a college education, understanding the tax advantages of specific savings vehicles is essential. There are tax benefits associated with retirement accounts, such as IRAs and employer-sponsored plans, as well as college savings accounts like 529 plans and Coverdell Education Savings Accounts (ESAs).
Redefining Retirement: Income Strategies for Today’s Savers
People are looking for new ways to ensure financial security in retirement beyond pensions and Social Security. In today's rapidly evolving financial landscape, there is a need to explore alternative retirement income strategies that go beyond traditional sources.
How to Find Unclaimed Retirement Benefits
Many Americans may be unaware they have unclaimed retirement benefits waiting to be rediscovered.
How Annuities Can Provide Lifetime Income for a Secure Retirement
Given the current economic state, annuities appeal more to consumers looking to maximize their retirement savings.
Gen Z, Women: Most Financially Stressed
Money may not buy happiness, but financial stress can take a significant toll on anyone’s mental well-being. From lingering debt to the effects of inflation on basic commodities, financial stress touches every generation — some more than others.