Op-ed: Here are 3 year-end strategies for high-net-worth families to consider

Damon_moss | Istock | Getty Images This has been a year of opportunity for investors who took to heart the old Wall Street adage that “the time to buy is when there’s blood in the streets.” Indeed, a market drop can prove to best the best time to take advantage of various financial planning opportunities….

How to use pay transparency to negotiate a better salary

New laws are making it easier than ever to know how much a given job pays. Pay transparency legislation is gaining momentum in cities and states across the country, from New York City to California and Washington state. Being armed with information about the salary range for a position you’re interested in can be the…

6 health insurance terms you need to know as open enrollment begins

Halfpoint Images | Moment | Getty Images It’s open enrollment season, the time each year when millions of American workers and retirees must choose a health plan, whether new or existing. But picking health insurance can be a dizzying venture. Health plans have many moving parts — which may not come into focus at first…

Free returns may soon be a thing of the past as retailers roll out stricter policies

Gift buying and gift returning typically go hand in hand. On average, retailers expect about 18%, or $158 billion, of merchandise sold during the holiday shopping season to be returned, according to the National Retail Federation’s most recent data. For 2021 overall, the return rate was about 16.6% of total U.S. retail sales, or $761…

5 key personal finance issues this midterm election season — and what they mean for your wallet

Getty Images As Americans head to the polls, several key personal finance issues are weighing on voters’ minds and wallets. This week, the Federal Reserve enacted its fourth consecutive 0.75 percentage point interest rate increase to fight inflation, triggering further stock market losses. Meanwhile, recession fears are growing, with 84% of Americans worrying how a…

Layoffs are picking up. These are the first 3 steps to take after losing your job

In this article UAL AAL TSLA NFLX SHOP-CA LYFT Follow your favorite stocksCREATE FREE ACCOUNT Wanan Yossingkum | Istock | Getty Images The labor market is still strong, but layoffs are picking up. This year Peloton, Netflix, Shopify, Lyft, and, most recently, Twitter, all announced significant staff reductions. Meanwhile, executive outplacement firm Challenger, Gray &…

Supreme Court again declines to block Biden’s student loan relief plan

Supreme Court nominee and U.S. Court of Appeals Judge Amy Coney Barrett on Capitol Hill in Washington, October 21, 2020. Ken Cedeno | Reuters The Supreme Court on Friday rejected a second request to block the Biden administration’s student loan debt relief program. Justice Amy Coney Barrett denied an emergency application to block the program…

This individual retirement account deduction mistake may derail your tax break

dowell | Moment | Getty Images As the year-end approaches, you may be looking for ways to lower your 2022 tax bill — and certain tax-saving moves have rules you must follow in order to qualify. One option, adding money to your pretax individual retirement account, may be attractive if you make too much for…

As Election Day approaches, Democrats warn that Social Security and Medicare are at stake

Voters turn out to cast their ballots as early voting begins on Oct. 17, 2022 in Atlanta. Early voting in Georgia runs through Nov. 4. Megan Varner | Getty Images The Nov. 8 midterm elections will give voters an opportunity to decide which parties control the Senate and the House of Representatives. In recent days,…

Op-ed: Don’t reject the 60/40 portfolio. Embrace it

Jayk7 | Moment | Getty Images As we head into the fourth quarter, investors lack much to be excited about. Through Sept. 30, the S&P 500 Total Return Index declined by 23.87%, almost ensuring equity investors won’t enjoy anything close to the 31.4%, 18.4% and 28.7% returns the index delivered in 2019, 2020, and 2021,…

Before dropping a Medicare Advantage plan altogether during open enrollment, compare these key costs

FatCamera | E+ | Getty Images For some Medicare beneficiaries, an Advantage Plan ends up not being a good fit. If you’re in this situation and are thinking about dropping your plan to return to basic Medicare — Part A (hospital coverage) and Part B (outpatient services) — there are some things to consider before…

Here’s how to adjust your portfolio as the Fed hikes interest rates again

Martin Barraud | Caiaimage | Getty Images After another 0.75 percentage interest rate hike from the Federal Reserve, financial experts have tips for investors amid volatility in the stock and bond markets.   Continuing to fight inflation, the central bank on Wednesday announced its fourth consecutive three-quarters of a percentage point interest rate increase.  The…