401(k) vs. pension plans: What’s the difference?
Representative Andy Barr (R-Ky.), chairman of the House Financial Services Committee, is introducing a resolution to repeal controversial rules favoring ESG investing. Employers offer a variety of benefits to attract and retain employees, and helping employees save for retirement is one of the most common perks. There are two main types of retirement plans: 401(k)s […]
North Carolina’s insurance rates hike denied, rates in other states still rising
While the rejected increases are good for North Carolinians, other states are seeing record increases. (iStock) North Carolina Insurance Commissioner Recently Rejected The proposal from insurance companies would increase homeowners insurance premiums by an average of 42.2% across the state. The rate increases will result in rate increases of 4.3% in some sparsely populated areas […]
Credit card balances surge past trillion dollar mark as Americans struggle to build savings
Do not use in FNC/FBN digital editorials.Only trusted content (iStock) TransUnion recently reported that credit card balances will reach a new benchmark in the fourth quarter of 2023, with balances exceeding $1 trillion for the first time. report. According to the report, balances grew 13% year over year across all risk tiers, led by subprime, […]
Here’s why your 2024 tax refund may be bigger
Online tools can help you determine how much your refund will be this year, or how much you owe the IRS. (iStock) Tax refunds for some taxpayers could be even larger in 2024 due to the Internal Revenue Service’s 2023 inflation adjustments to tax brackets and increases in the standard deduction. Each year, the IRS […]
Homebuyers gained thousands of dollars as mortgage interest rates fall: Redfin
Thanks to lower interest rates, prospective buyers have more purchasing power than last year. (iStock) People looking to buy a home are finding their money going a little further these days. A homebuyer with a monthly budget of $3,000 has $40,000 more purchasing power than he did a few months ago. Redfin report found. A […]
These are the top states where you can save money easily if you make under $60,000
Gerald Store, CEO of Store Advisors, discusses Walmart’s earnings, 2024 retail sales, consumer behavior, his buy now, pay later outlook, recession concerns, and China. Consider the company Temu. Saving money should be a top priority for Americans, regardless of age or financial status. Stock market fluctuations, inflation, and other money suckers in everyday life are […]
IRS going after high-income earners who owe hundreds of millions of dollars
Sen. John Thune (RS.D.) discusses whether China stole U.S. tax information via Varney & Co.’s TikTok. The Internal Revenue Service (IRS) has announced it is cracking down on more than 125,000 high-income individuals who have failed to file federal income tax returns since 2017 in an effort to recover hundreds of millions of dollars in […]
Gas prices rise as drivers hit the road for spring break: AAA
Gasoline prices are soaring as demand increases ahead of spring break. (iStock) Gasoline prices rose in the last week of February and are likely to continue rising as drivers head out for spring break, according to the latest AAA report. report. Even as oil prices fell 33 cents to settle at $78.54 per barrel, the […]
Some Americans will receive a second Social Security check this week
Retired nurse Joyce Fleming shares why she decided to return to work due to rising costs. Some Americans receive two. social security payments This week, we have an unusual situation caused by a system anomaly. Typically, the Social Security Administration makes only one payment each week, delivering Social Security checks on the second, third, and […]
Mortgage rates continue their upward climb, prospective buying activity down
Mortgage rates approached 7% this week. (iStock) Mortgage rates continued to rise this week, reaching 6.94% for a 30-year fixed rate mortgage. According to Freddie Mac. This is up from last week’s average of 6.90%. The average interest rate on 15-year mortgages was 6.26%, down from 6.29% the previous week. This time last year, both […]