Category: personal finance

Retirement: How Tax Rules Change as You Age

By Rocky Mengle From Kiplinger’s Personal Finance Your life changes in many ways when you get older. But there’s something else that changes as you age that you might not have considered before—your taxes. There are different tax breaks that you can claim when you’re older, and the types of income you’re likely to receive…


The Next Push to Ban Cash Is Coming From Cashless Denmark, Which Boasted Zero Bank Robberies in 2022

The next push to ban cash may come from crime statistics, as cashless Denmark boasted zero bank robberies last year. The campaign to end paper currency is becoming a hot button issue for many, as other countries and the World Economic Form, an international nongovernmental and lobbying organization, are considering replacing it with digitized currency. However,…


12 Events to Watch for in 2023

The year 2022 was one of surprises: Russia’s invasion of Ukraine, persistent inflation fueled by energy costs, the collapse of FTX and crypto markets, the revelations of the so-called Twitter Files, and one of the worst equity markets in recent history, to name but a few. The year 2023 is poised to present some equally…


Invest in Yourself for Terrific Returns

“True wealth is about taking control of your future and making conscious decisions about what you really want in life,” say authors Marc Eisenson, Gerri Detweiler and Nancy Castleman in their book “Invest In Yourself: Six Secrets to a Rich Life.” To create a rich life, these three respected consumer advocates encourage readers to diversify…


IRS Changes for 2023 Will See Lower Taxes for Some Americans

New changes to the Internal Revenue Service’s policies for 2023 will see lower taxes for some Americans, as the revised rules come into effect. Rising costs have prompted the tax service to implement several changes affecting millions of citizens, as more deal with higher prices. Cost of living adjustments, including retirement savings, taxes, Social Security payments, and…


The Savings Game: How to Avoid a Medicare Premium Hike

By Elliot Raphaelson From Tribune Content Agency Many people are surprised when they find that the cost of their monthly Medicare premium has increased because of an increase in their Modified Adjusted Gross Income (MAGI). The increase in cost can be significant. For example, in 2022 if your MAGI on a joint return in 2020…


Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 3)

Benchmark U.S. crude oil for February delivery fell $3.33 to $76.93 a barrel Tuesday. Brent crude for March delivery fell $3.81 to $82.10 a barrel. Wholesale gasoline for February delivery fell 12 cents to $2.36 a gallon. February heating oil fell 21 cents to $3.09 a gallon. February natural gas fell 49 cents to $3.99…


How to Change Your Money Mindset in 2023, According to This Couple Who Paid Off More Than $100,000 in Debt

By Amanda Breen It was 2017, the year before they got married, when Ali and Josh Lupo took a serious look at their finances—and realized they owed more than $100,000 in student loans. Despite working long, hard hours in human services, the couple was still living paycheck-to-paycheck, unsure how they’d afford a wedding or pay…


Millennial Money: Up the Odds of Meeting Money Goals in 2023

With a new year ahead and the holiday fanfare behind, this is a great time to set money goals, especially if you recently spent a lot on gifts and travel and want to get your finances in shape. Right now, you may be highly motivated to solve every single one of your money issues in…


Money Lessons From Marshall

With the first anniversary of The Marshall Fire* on our minds, it’s a good time to reevaluate our own individual readiness for the unexpected. Are you ready? Could you find your documents and your kids and be out of your home on short notice? Or if you were sequestered in your home for an extended…