Category: personal finance

Mortgage Insurance Costs Being Cut by $800 for 850,000 Americans

U.S. mortgage insurance costs are being cut by $800 for 850,000 Americans. Families buying their first home will be eligible to receive some relief from mortgage insurance payments, following an announcement by the White House on Feb. 23. Vice President Kamala Harris announced the new program during an event in Maryland on Feb. 23 along…


IRS Delays Tax Document

By Kelley R. Taylor From Kiplinger’s Personal Finance Q: I Have a Side Job and I’m Paid via Venmo. Will I Be Getting a 1099-K Form to Report This Income on My Tax Return? Answer: Not yet. At the end of 2022, the IRS delayed implementation of the so-called $600 rule, which had caused a…


Opposition Warns Australian Self-Funded Retirees Over Labor Superannuation Plan

Australian opposition leader Peter Dutton has warned that any plans by Labor to raise superannuation tax would be “detrimental” to Australians’ retirement plans. The comment comes after Treasurer Jim Chalmers hinted at a cap on super balances over $3 million in the May budget, saying it will make super concessions more “affordable and sustainable.” If…


Economics of Electric vs. Gas Vehicles

Besides buying a house, the average person’s biggest purchase is a car. So when you go to make that large purchase, shop around. Many factors, like cost, maintenance, gas mileage, depreciation, etc., are considered. You want the best deal that will make sense financially. Electric vehicles (EVs) have been in the news and are touted…


Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 22)

Benchmark U.S. crude oil for April delivery fell $2.41 to $73.95 a barrel Wednesday. Brent crude for April delivery fell $2.45 to $80.60 a barrel. Wholesale gasoline for March delivery fell 8 cents to $2.34 a gallon. March heating oil fell 8 cents to $2.71 a gallon. March natural gas rose 10 cents to $2.17…


Intel Slashes Dividend by 65 Percent as It Pushes to Cut Costs After Big Loss

Intel Corp. slashed its quarterly dividend by almost two-thirds, as it proceeds to cut costs after major losses. The U.S.-based chip manufacturer will reduce its fourth quarterly dividend from $0.365 to $0.125, a loss of more than 65 percent, the chipmaker announced on Feb. 22. This comes after the company announced the implementation of a series of…


If You Mess Up, Don’t Blame the Government

Sometimes people will write to me complaining that the government, specifically the Social Security Administration, has messed them up and cheated them out of benefits they might have been due. But many times, the fault (to trivialize a famous line from Shakespeare’s play, “Julius Caesar”) is not in our government, but in ourselves. Here are…


What To Do When You Can’t Pay All of Your Bills and More

Dear Mary: Our mortgage was due on the first. As I write it is the 21st. We have the money to pay it, however my husband thinks it would be better to pay our credit card bills and get 30 days behind on our mortgage. What do you think should be paid first?—Lisa P., Florida…


Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 21)

Benchmark U.S. crude oil for March delivery fell 18 cents to $76.16 a barrel Tuesday. Brent crude for April delivery fell $1.02 to $83.05 a barrel. Wholesale gasoline for March delivery rose 1 cent to $2.42 a gallon. March heating oil rose 8 cents to $2.78 a gallon. March natural gas fell 20 cents to…


Roll With It

Dear Dave, The other day, my wife and I discovered a Thrift Savings Plan (TSP) we’d forgotten about for over 10 years from my time in the Army. There’s a little over $3,200 in there. We’re both in our 30s, and we’re trying to save up our starter emergency fund in Baby Step 1 of…