Federal student loan bills have recently resumed after a pause of more than three years. This change in financial responsibility can have an impact on your credit, making it crucial to carefully monitor your credit during this time. Failing to make timely payments on your debts, including student loans, can significantly damage your credit score.
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House Republicans have once again brought forth legislation aimed at permanently repealing the federal estate tax, often referred to as the “death tax.” Led by Rep. Randy Feenstra, R-Iowa, and supported by 162 lawmakers, the Death Tax Repeal Act aligns with past Republican efforts to eliminate estate taxes. Although a Senate bill introduced in early
The younger generation, known as Gen Z, is finding it increasingly difficult to achieve financial security and build wealth. A recent report by Bankrate reveals that 38% of Gen Z adults and millennials believe they face more financial struggles compared to their parents at the same age. This worrying trend can be largely attributed to
The Biden administration recently announced a new repayment program called the Saving on a Valuable Education, or SAVE, plan, which aims to provide federal student loan debt forgiveness to borrowers who have spent a decade in repayment. Unlike the typical requirement of making payments for 20 or 25 years on an income-driven repayment plan, the
In 2023, higher interest rates brought a pleasant surprise to savers, providing them with the best rates on their cash in years. While the possibility of future rate cuts by the Federal Reserve exists, 2024 is still promising in terms of returns on cash. This article critically analyzes the current situation and highlights the opportunities
When it comes to handling your old 401(k) after leaving a company, there are several options to consider. Whether you decide to keep the money in the current plan, roll it over into an IRA, or buy an annuity, it is crucial to seek professional advice. Understanding the guidance provided by financial professionals is essential
In a world where budgeting and saving money are often at the forefront of people’s minds, it is easy to overlook the importance of allocating funds for hobbies and creative outlets. However, experts argue that hobbies should not be the first category to go when cutting back on discretionary spending. In fact, spending on activities
The Biden administration has introduced a new student loan repayment plan that offers several benefits, one of which is the cancellation of debt for certain borrowers who took out $12,000 or less. The previous plans required 20 or 25 years of payments before loan forgiveness took effect. However, the administration recently announced that it will
Student debt has long been a major financial burden for many Americans, hindering their ability to save for retirement. However, a new provision in the Secure 2.0 Act of 2022 offers a glimmer of hope. This provision allows employers to match their workers’ student loan payments with contributions to their retirement plans. With outstanding student
As people age 50 and older approach retirement, it is crucial for them to carefully plan their financial future. Surprisingly, a recent survey from AARP reveals that 62% of individuals in this age group have not sought the assistance of a professional to help them plan for their golden years. This article aims to explore