If you’re a new retiree whose income has dropped, you may need to appeal Medicare premium surcharges

Fatcamera | E+ | Getty Images Sometimes, new retirees who sign up for Medicare may find themselves paying extra monthly charges for premiums. Yet for those whose income drops at retirement, it may be possible to change that. Roughly 7% of Medicare’s 63.3 million beneficiaries with income above a set threshold pay “income-related monthly adjustment…

What to do if student loans actually restart in May

Lightspeedshutter | Istock | Getty Images There are a number of reasons to believe that the Biden administration will extend the payment pause for student loan borrowers beyond the current expiration date in May. The White House has already hinted it might do so, and student loan servicers have been told to hold off on…

FTC sues TurboTax owner Intuit for advertising tax software as ‘free’

In this article INTU Kimberly White | Getty Images Entertainment | Getty Images The Federal Trade Commission sued Intuit in federal court on Monday, claiming it has deceived customers for years by marketing its TurboTax software as free and then charging most users when they file their income taxes. Around 56 million people filed their…

Couples who pool their money are more likely to stay together, research finds

Oliver Rossi | Stone | Getty Images When it comes to money, couples face a big question: Combine finances, keep them separate or do a combination of both? Now, research finds that those who do pool their money are more likely to stay together. The study, titled “Pooling finances and relationship satisfaction,” found that whether…

Biden’s budget makes no mention of student loan forgiveness

US President Joe Biden delivers a speech at the Royal Castle in Warsaw, Poland on March 26, 2022. Brendan Smialowski | AFP | Getty Images Nowhere in President Joe Biden’s more than 100-page budget for 2023 is any mention of student loan forgiveness or the payment pause for borrowers, continuing the uncertainty millions of Americans…

There’s still time for 2021 IRA contributions, but a tax break isn’t guaranteed. Here’s what to know

Tetra Images | Tetra images | Getty Images The tax deadline is fast approaching, and there are still a few ways to trim your bill — including a contribution to your traditional individual retirement account. You have until this April 18, the tax filing deadline for most Americans, to make IRA deposits for 2021. But…

Biden’s 2023 budget includes $14.8 billion for Social Security. Here’s what changes that could bring

U.S. President Joe Biden speaks during an event at the Royal Castle, amid Russia’s invasion of Ukraine, in Warsaw, Poland, March 26, 2022. Aleksandra Szmigiel | Reuters President Joe Biden’s proposed budget for 2023 aims to give the Social Security Administration more funding to improve services. Some groups say the increase doesn’t go far enough….

Budgeting for a baby: Here’s what financial advisors recommend for new parents

StefaNikolic | E+ | Getty Images Certified financial planner Amber Miller is used to thinking about the costs and challenges of life for her clients. It gave her a leg up when it came to preparing for the birth of her own first child last year. “We had our daughter, Zahra, in August, and we’re…

These are the country’s ‘dream’ colleges, but price remains the top concern

Stanford University is considered the ultimate dream school, according to a survey of students and their families. It’s also one of the hardest to get into and among the nation’s most expensive institutions — tuition and fees, room and board and other student expenses came to more than $73,000 last year. And therein lies the problem…

How to avoid a tax filing rejection if last year’s return is still pending

Drakula & Co. | Moment | Getty Images The IRS is backlogged and still sifting through tens of millions of pending returns, including many of last year’s filings. If your 2020 return is part of the pileup, there’s a special step for your 2021 electronic filing. The agency processed more than 61.9 million returns as…

Obama’s former Education secretary is calling on Biden to cancel student debt

John King. Katherine Frey | The Washington Post | Getty Images It was only after John King left office as education secretary under then-President Barack Obama that he finished off paying his own student loans. “I have spent a lot of my adult life paying it down,” said King, who studied government at Harvard and…

Vanguard reclaims top target-date fund manager spot, leapfrogs Fidelity and BlackRock

In this article AVD Thomas Barwick | Digitalvision | Getty Images Vanguard Group captured the most new investor money in its target-date funds last year relative to other asset managers, reclaiming the top spot it’d held for over a decade before being dethroned in 2020, according to a new Morningstar report. Target-date funds, or TDFs,…