Personal Finance

by Schneider-Photographie If you already are paying on a loan from your 401(k) account and lose your job amid the coronavirus pandemic, that borrowed money could generate a tax bill you weren’t expecting. Although the latest round of economic rescue legislation provides relief for coronavirus-related withdrawals from 401(k) plans, loans that already have been in repayment
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Author Simon Sinek speaks on stage during the Massachusetts Conference For Women 2019 in Boston on Dec. 12, 2019. Marla Aufmuth/Getty Images for Massachusetts Conference for Women 2019 Motivational speaker and author Simon Sinek also prefers to include another title alongside his name: optimist. Sinek’s books include titles like, “Find Your Why: A Practical Guide
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Rolling coins is one way of teaching kids about money. Michelle Fox | CNBC With many schools shut down to protect against coronavirus exposure, many parents have found themselves in a new role: teacher. So why not add some personal finance to your lesson plans? “This is the most amazing opportunity for doing things with
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Coronavirus scams are on the rise. Government agencies, like the IRS, the Federal Trade Commission and the Social Security Administration, are warning consumers to be vigilant as fraudsters try to take advantage of them during the coronavirus pandemic. “Whenever crises erupt, the scammers and fraudsters have a heyday,” said Sally Greenberg, executive director of the
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Taking a trip is the last thing on many people’s minds. Roughly 94 million Americans have cancelled or plan on canceling travel plans due to the coronavirus pandemic, according to a recent survey by personal finance site WalletHub. Given the circumstances, many airlines are relaxing cancellation policies and major hotel chains are waiving fees. “There is pretty
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NoDerog | E+ | Getty Images Those government stimulus checks should be on their way soon to millions of Americans. Many people have still have a lot of questions about them. Last week, Washington lawmakers approved a $2 trillion relief bill in response to the coronavirus outbreak that includes a payment of $1,200 for single taxpayers
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Don’t be surprised if your employer pauses its contributions to your 401(k) plan during the U.S. economic downturn. As the coronavirus pandemic wallops the economy, and businesses deal with dropping revenue and limited cash flow, employers are exploring how to trim their obligations to those plans without violating federal regulations. Companies commonly give to worker’s
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The $2 trillion coronavirus relief package President Donald Trump signed into law Friday significantly expands unemployment benefits for out-of-work Americans. The law pays laid-off and furloughed workers an extra $600 a week, for up to four months, and extends existing state benefits by 13 weeks. It also offers jobless benefits to previously ineligible groups, such
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College acceptance letters are already in the mail. Now high school seniors must decide their fate for September. Up until now, National College Decision Day, the deadline for high school seniors to choose which college they will attend, has always been May 1. This year, however, the global coronavirus pandemic and extreme economic uncertainty have pushed many
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Small businesses are getting a potential lifeline from congressional lawmakers. The massive $2 trillion economic rescue package — which was signed into law by President Trump on Friday — includes provisions aimed at helping smaller employers weather the economic storm brought on by the coronavirus pandemic. “We are cautiously optimistic that this will provide the
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 What does the legislation do? The bill — the Coronavirus Aid, Relief and Economic Security Act — expands unemployment insurance, a program enacted in 1935 to provide temporary income support for workers who lose their jobs. The legislation does three primary things: offers bigger unemployment checks, increases the duration of those payments and extends jobless benefits to
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