Personal Finance

How high inflation may affect which tax bracket you’re in next year

Jamie Grill | Getty ImagesAs Americans grapple with soaring prices, experts say it’s likely we’ll see higher-than-usual inflation adjustments from the IRS for 2023 — covering tax brackets, 401(k) plan contribution limits and more.Built into the tax code, these yearly IRS changes aim to prevent so-called “bracket creep,” when inflation bumps up income and pushes …

How high inflation may affect which tax bracket you’re in next year Read More »

Here’s why the $39 trillion U.S. retirement system gets a C+ grade

Siriporn Wongmanee / Eyeem | Eyeem | Getty ImagesThe U.S. retirement system may seem flush — yet it ranks poorly in relation to those in other developed nations.Collectively, Americans had more than $39 trillion in wealth earmarked for old age at the end of 2021, according to the Investment Company Institute.However, the U.S. places well …

Here’s why the $39 trillion U.S. retirement system gets a C+ grade Read More »

These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout

A decline in gasoline prices couldn’t mask the problem that spooked investors on Sept. 13: Core consumer prices resumed their rapid increase during August. Fear of the Federal Reserve’s ongoing tightening of monetary policy to fight inflation sent the Dow Jones Industrial Average DJIA, -3.94% down 1,276 points (or 3.9%) to 31,104, with all 30 …

These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout Read More »

Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks.

Tech companies, electric-vehicle makers and some meme stocks are part of the aggregate mix of equities inside the portfolios of Robinhood users, according to a new index from the brokerage app geared at new investors. These are stocks like Amazon AMZN, +2.66%, Microsoft MSFT, +2.30%, Tesla TSLA, +3.60%, Apple AAPL, +1.88%, Ford Motor Company F, …

Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks. Read More »

‘An increasing squeeze on list prices.’ 3 top economists and real estate pros on the housing markets where home prices will drop the most this year

Some markets may be more vulnerable to home price cuts than others, pros say. Getty Images Buyers in some markets are already getting — or may soon get — some relief in the form of lower home prices, pros say. Already, in the last 4 – 8 weeks, experts have noticed downward price pressure in …

‘An increasing squeeze on list prices.’ 3 top economists and real estate pros on the housing markets where home prices will drop the most this year Read More »

If you really want to be rich, you need to do this, says Mark Cuban

Slaven Vlasic/Getty Images for Advertising Week New York Uncredited Recently, we came across a simple piece of money advice from billionaire entrepreneur Mark Cuban on his Maverick blog that we felt resonated in today’s money-stressed world. Cuban answers the question “so what should you do to get rich?” with this point first and foremost: “Save …

If you really want to be rich, you need to do this, says Mark Cuban Read More »