moneywise

High earners 50-plus will lose a valuable 401(k) tax break with contribution rules about to change. Here's how it will affect your retirement savings

If you made less than $145,000 in the previous year, you can still decide between pretax and Roth contributions. If you made more than $145,000 in the previous year, all catch-up contributions must go ...

Nearly 30M ‘solopreneurs’ bring in $1.7T for the US economy — with many leaning on this 1 thing to punch above their weight. But what are the risks?

Imagine owning a portfolio of thousands of well-managed single family rentals or a collection of cutting-edge industrial warehouses. You can now gain access to a $1B portfolio of income-producing real ...

NC homeowner watches in shock from miles away as home collapses into ocean — and it’s the 9th to go down. Would you risk living in a coastal home?

All she managed to recover was a single photo spotted by a friend on social media and later found washed ashore. When the Hoaglands first built their home, the ocean stretched hundreds of feet away.

Experts warn of ‘ghost student’ scam that could leave any American saddled with ‘phantom’ student debt — here’s what to do if you’re targeted

“As we see a rise in sophisticated identity fraud attacks like synthetic identities and camera injection attacks, colleges and universities should also consider adopting liveness detection, which can ...

Americans' credit scores have been tumbling — but 1 group is currently facing the harshest financial reality. Why that's a big deal

The inaugural credit insights report from data analytics firm FICO, released Sept. 16, shows the national average FICO score remains at 715 — a two-point drop from 2024, first reported in April, and ...

The cost of college is up 40% since 2000 — and some parents are now ‘gaming’ the system to avoid debt traps. Here are some strategies to help save

The report says the average cost for a four-year college degree has risen roughly 40% since 2000 when adjusted for inflation. At the nation’s most selective schools, the cost is now brushing up ...

Major bank flags this southern US city as the world’s biggest real estate bubble risk — with 1 metric topping 2006 housing bubble levels

Florida’s housing market boomed during the pandemic, as Americans flocked to the Sunshine State in search of warmer weather, lower taxes and more space. But that surge has now pushed one of its ...

‘Triumph of the optimist’: The more optimistic you are, the better your savings are likely to be — why positivity is tied to greater savings long-term

In hard numbers, the study showed that increased optimism led to an average gain of 16.9% in savings. That means an optimistic household with a median savings of $8,000 had put away an extra $1,352.

Virginia senior warns of ‘solar nightmare’ after taking out $32K loan for panels — Dominion bill rose to $200 despite trying to cut costs. Here’s why

After losing her husband earlier this year, Willis was already carrying more than enough heartache. Then, her power bills started to climb again, a hint that something was off. Dominion Energy ...

I have $10K saved for emergencies but $9K in credit card debt — should I raid my savings to clear my debt or keep chipping away monthly?

Being left with $1,000 in savings, it could take only one major repair bill or minor medical expense to derail his finances and put him back in debt. Dante could begin putting his disposable income ...

Lawmakers want to simplify language around Social Security

That’s why understanding exactly when you qualify for your full benefit is crucial. Yet, most people don’t.

Morgan Housel says real estate is still a cornerstone of the American dream — but it’s also the root of the US’s ‘biggest social problems.’ Here’s why

Americans are willing to take on substantial debt in order to make their dream come true. But when debt on that scale becomes the norm, it doesn’t just strain individual finances — it reshapes society ...