Latest Personal finance News

Liz Weston: How to extend your (working) life

May. 27, 2019 9:02 AM EDT

Many people plan to work past normal retirement age, by choice or necessity. But most aren't taking the steps that could increase the odds they'll be able to do so. When asked what they're doing to ensure they can continue working past 65, fewer than half of employees polled in the 2019 Transamerica Retirement...

Cost of buying out flood-prone homes: $5B and rising

May. 27, 2019 5:54 AM EDT

MOSBY, Mo. (AP) — The residents of this small riverside town have become accustomed to watching floods swamp their streets, transform their homes into islands and ruin their floors and furniture. Elmer Sullivan has replaced his couch, bed and television. He's torn up water-buckled floorboards. And he put a...

Before you scoot off: know your risk

May. 26, 2019 9:01 AM EDT

E-scooters are popping up in cities across the country. There's no exact count of the number of scooters out there, but the National Association of City Transportation Officials recently found that riders took 38.5 million trips on shared electric scooters in 2018. And their presence is expanding rapidly. So what...

Young homebuyers scramble as prices rise faster than incomes

May. 25, 2019 2:59 PM EDT

SALT LAKE CITY (AP) — For millennials looking to buy their first home, the hunt feels like a race against the clock. In the seven years since the housing crash ended, home values in more than three-quarters of U.S. metro areas have climbed faster than incomes, according to an Associated Press analysis of...

Michigan Legislature approves bill to cut high auto premiums

May. 24, 2019 6:34 PM EDT

LANSING, Mich. (AP) — Michigan's Legislature on Friday passed a landmark bill that would cut the country's highest auto insurance premiums by letting drivers forego a one-of-a-kind requirement to buy unlimited medical coverage for crash injuries. The votes followed the announcement of an agreement between...

The Latest: Michigan Legislature passes auto insurance bill

May. 24, 2019 5:19 PM EDT

LANSING, Mich. (AP) — The Latest on Michigan's auto insurance legislation (all times local): 5:10 p.m. Michigan's Legislature has overwhelmingly approved a bill that would reduce the country's highest auto insurance premiums. The votes Friday came after a deal was announced between Republican legislative...

AP Explains: How retirement legislation impacts you

May. 24, 2019 7:28 AM EDT

Americans generally do not have enough saved for retirement and Congress is considering a number of measures to address that. There are a few retirement-related bills of note making their way through Congress. One in particular, the Secure Act, gained significant traction this week. The House voted to approve it...

Tokyo-Vegas investment chief gets 50 years in huge scheme

May. 23, 2019 7:08 PM EDT

LAS VEGAS (AP) — The former head of a Tokyo and Las Vegas investment firm was sentenced Thursday to 50 years in prison for bilking thousands of Japanese victims in what prosecutors called a $1.5 billion international Ponzi scheme that ranks among the largest-ever fraud cases in the U.S. Defendant Edwin...

Number of US homes on the market rose in 1Q as sales slowed

May. 23, 2019 5:12 PM EDT

Homebuyers in Salt Lake City, Atlanta and other big U.S. metropolitan areas are seeing a pickup in the number of homes for sale, especially in the most affordable segment of the market. In Atlanta, for example, the number of homes for sale jumped 18.9% to 33,836 in the first quarter. That's the first annual...

House passes bill to help workers with retirement savings

May. 23, 2019 3:04 PM EDT

WASHINGTON (AP) — The House overwhelmingly approved a bill Thursday to promote retirement security by making it easier for small businesses and other companies to offer retirement plans. The bipartisan bill, approved 417-3, also makes it easier for workers to transfer retirement plans when they change jobs...