The recent election of Donald Trump as President suggests a significant shift in the anticipated tax landscape, especially concerning capital gains taxes targeting high-income earners. As Trump steps into the presidential role alongside a Republican-controlled Congress, experts in tax policy are predicting a stalemate—or outright cessation—in plans to increase individual tax rates, particularly for investment
Personal
The death of a spouse is an emotional and taxing experience, both in the literal and figurative sense. For retirees, losing a life partner can result in unexpected financial challenges, especially concerning taxes. The transition from a joint tax filing status to a single status can dramatically alter an individual’s tax burden, creating what is
In an age where financial tools and markets are becoming increasingly accessible through technology, parents face a critical challenge in ensuring their offspring are equipped with the necessary skills to navigate these waters. A recent survey undertaken for the SIFMA Foundation has illuminated a significant gap between the acknowledgment of the importance of financial literacy
In recent years, artificial intelligence (AI) has become an indispensable tool for many individuals, particularly younger generations, as they navigate the complexities of personal finance. According to a study conducted by Experian, a striking 67% of Gen Z individuals and 62% of millennials are now leveraging AI technologies—like ChatGPT—to assist them with financial planning tasks
The IRS has recently announced the contribution and income limits for Roth Individual Retirement Accounts (IRAs) for the year 2025, providing essential updates for savers planning for their retirement. The total contribution limit for Roth IRAs will remain at $7,000 for 2025, just as it was in 2024. This consistency in the contribution cap is
Impulse buying has long been a significant challenge for consumers, often leading to regret and financial strain. The immediate gratification of purchasing without prior contemplation can result in unwanted debt and stress, particularly during high-stakes shopping seasons such as the holidays. This behavior, driven by emotional triggers and a society heavily influenced by consumerism, can
In today’s economic climate, a significant portion of Americans are grappling with the pressures of credit card debt. The accumulation of unpaid credit card balances has become increasingly burdensome, with the rising costs of carrying such debt serving as a harsh reality for many families and individuals. Following a series of eleven consecutive interest rate
As Halloween approaches, many homeowners eagerly anticipate the parade of trick-or-treaters, the lively decorations, and the seasonal spirit. However, lurking beneath the festive atmosphere are significant risks that can impact homeowners insurance policies. A recent study by Travelers Insurance revealed a startling 14% increase in homeowners insurance claims on Halloween compared to an average day,
The U.S. Department of the Treasury has made significant adjustments to the interest rates of Series I bonds, effective from November 1, 2023, to April 30, 2025. The new annual interest rate stands at 3.11%, a noteworthy decline from the previous rates of 4.28% and 5.27% that were in effect prior to this period. These
As the academic year approaches, the U.S. Department of Education is unveiling a well-structured rollout of the Free Application for Federal Student Aid (FAFSA) for the 2025-26 academic year. The phased approach began with selective beta tests that kicked off on October 1, targeting specific groups of students. According to the Education Department, the application