May 2022

As tuition continues to climb, these are the top tax breaks for college expenses

KEY POINTS The cost of college can be a challenge for families, but a few tax breaks may lessen the burden. The American opportunity tax credit offers up to $2,500 per student for undergraduate expenses, and the lifetime learning credit extends to graduate or professional courses, worth up to $2,000 per return. Working students may […]

As tuition continues to climb, these are the top tax breaks for college expenses Read More »

78% of workers ignore ‘the greatest money-making asset’ for retirement,

says CPA. Here’s what it could be costing them KEY POINTS Nearly two-thirds — 62% — of workers identified company matches to 401(k) plans as important for reaching retirement goals in a recent survey from Principal Financial Group. Just 22% said that starting to invest in your twenties is key to a secure retirement. Saving

78% of workers ignore ‘the greatest money-making asset’ for retirement, Read More »

5 ways to keep inflation from wrecking your retirement

While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money. Inflation has surged to its highest level in 40 years, leaving many investors wondering how to protect their savings. The truth is that there’s no perfect solution and what’s worked in the past

5 ways to keep inflation from wrecking your retirement Read More »

Here are some smart money moves to make now amid high inflation, rising interest rates

KEY POINTS As consumer prices soar to historic highs, the Federal Reserve plans to raise interest rates. As a result, the cost of borrowing will get more expensive. Meanwhile, savings will benefit from higher interest rates. Here’s how consumers may want to rethink how they handle their credit cards, savings and mortgages now. New government

Here are some smart money moves to make now amid high inflation, rising interest rates Read More »