Personal finance

SDI Productions | E+ | Getty Images Financial aid packages for next year might be woefully short for college students whose parents have lost their jobs amid the Covid-19 downturn. Students can begin applying for financial aid as early as Oct. 1. That’s the first day they can fill out the Free Application for Federal

zimmytws | iStock | Getty Images The stimulus stalemate has pitted Democrats and Republicans against each other on Capitol Hill. But another issue — Social Security and its ability to pay retirement, disability, survivor and other benefits into the future — has also created a rift between leaders of the two parties. Congressional lawmakers gathered

The U.S. Supreme Court. Phil Roeder | Moment | Getty Images The Supreme Court may soon erase the Affordable Care Act from existence — an outcome that could have far-reaching consequences for American health care. The high court is expected to hear oral arguments in a case seeking to overturn the law, also known as Obamacare,

Tom Brenner | Reuters A legislative stalemate in Washington is preventing Congress from getting more financial relief to millions of Americans. Despite that impasse, there are actually a handful of stimulus initiatives that leaders on both sides of the aisle agree on. They just have not been combined into one package or put forward as

Phil Murphy, governor of New Jersey, speaks during a fiscal year 2020 budget address at the New Jersey State Assembly chamber on March 5, 2019. Ron Antonelli | Bloomberg | Getty Images Millionaires in New Jersey may not have many options to duck a new tax hike on their income. Earlier this month, Gov. Phil

Siri Stafford | Getty Images You probably know a Roth individual retirement account is one way to save for your post-working years.  It also may come in handy for certain homebuyers. Basically, up to $10,000 in Roth IRA earnings can be withdrawn — free of both taxes and penalty — for a home purchase if

10’000 Hours As employee benefits enrollment season rolls in, companies are weighing new ways to accommodate working parents. About 4 out of 10 large companies polled by benefits consultancy Willis Towers Watson said they believe the programs they currently have in place do an effective job of supporting these employees. The firm surveyed 553 U.S.

A health worker injects a person during clinical trials for a Covid-19 vaccine at Research Centers of America in Hollywood, Florida. Eva Marie Uzcategui | Bloomberg | Getty Images If you’re on Medicare and hope to get a coronavirus vaccine as soon as it’s available, it may take an act of Congress for it to

Oliver Rossi | Stone | Getty Images Once you hit your 50s, retirement is no longer something happening far off in the future. Whether you have been a super-saver your entire career or are just starting to think about retirement, it’s time to take a serious look at what you expect your golden years to

Democratic presidential candidate Joe Biden speaks during a press conference after meeting with public health experts about a Covid-19 vaccine in Wilmington, Delaware. Jim Watson | AFP | Getty Images A change to the tax incentives for saving in a retirement plan might be in store if Democratic candidate Joe Biden wins the election. In

People gather outside of an apartment complex with the intention to stop the alleged eviction of one of the tenants in Mount Rainier, Maryland, U.S., August 10, 2020. Leah Millis | Reuters The stimulus stalemate has left lawmakers at odds over how to get more relief to millions of Americans who need it. Earlier this

Food banks in the Orlando, Florida, area face continued demand as unemployment due to the Covid-19 pandemic persists. Paul Hennessy/NurPhoto via Getty Images States are starting to run out of funding for enhanced unemployment benefits, leaving millions of workers without additional aid as hopes for more stimulus dwindle. At least nine states — including Alabama, Arizona,

courtneyk | E+ | Getty Images If you are thinking of relocating when you retire, there are several things to consider before you make the move. One of them may now be whether you should do it before you leave the workforce. Thanks to the coronavirus pandemic, many Americans are working remotely — and may

Scott Heins | Getty Images News | Getty Images Mom-and-pop landlords are in a worse financial position relative to their higher-earning peers as unemployment remains elevated and Americans continue to struggle to pay rent, according to a new analysis. Roughly a third of individual landlords who own residential property are from low- to moderate-income households

It’s been said that men come from Mars and women, Venus. It looks like they’re also headed in different directions when it comes to vacations here on Earth, according to insurer Berkshire Hathaway Travel Protection. Women, in general, tend to play it safer when it comes to travel planning in the age of Covid-19, according

Democratic presidential candidate former Vice President Joe Biden reacts while giving a speech during a campaign event at Tougaloo College on March 08, 2020 in Tougaloo, Mississippi. Jonathan Bachman | Getty Images The 2020 presidential election could be a make it or break it moment for Social Security. The reason: Social Security’s funding, already on

People wait in line at a food bank in Van Nuys, California, on April 9, 2020. Mario Tama | Getty Images News | Getty Images The economic crisis unleashed by the coronavirus pandemic may be over for some groups of Americans — primarily the wealthy and White — even as it lingers in other corners of the

Getty Images Saving for retirement is crucial. Yet trying to figure out the best retirement plan may leave many people confused. You may have the option to contribute to an employer-sponsored plan, like a 401(k) plan. There are also individual retirement accounts: the traditional, into which contributions are made pre-tax, and Roth IRAs, in which

Miami resident Willie Mae Daniels, with granddaughter, Karyah Davis, 6, was laid off from her job as a food service cashier at the University of Miami on March 17. Joe Raedle | Getty Images News | Getty Images In just the past six months, more than 22 million American jobs have been lost, and fewer

Democrats and Republicans still haven’t reached a deal on another stimulus package. Al Drago/Bloomberg via Getty Images It’s a scary time for millions of Americans as Congress is still unable to reach a compromise on a stimulus package that could include another round of direct payments and more unemployment benefits.  Jobless rates are still high,