Latest Personal finance News
Don’t Settle for a Subpar Health Savings Account
Love them or hate them, it’s hard to see health savings accounts losing traction any time soon. Used in conjunction with high-deductible healthcare plans, the accounts have been touted as a way to put downward pressure on healthcare costs. Even though HSAs are the only triple...
USDA bans school lunch fees for low-income families
NEW YORK (AP) — The U.S. Department of Agriculture announced that students eligible for free or reduced price school meals cannot be charged processing fees beginning in 2027. School districts currently work with processing companies to offer cashless payment systems for families....
Warren Buffett is sitting on over $325 billion cash as Berkshire Hathaway keeps selling Apple stock
OMAHA, Neb. (AP) — Warren Buffett is now sitting on more than $325 billion cash after continuing to unload billions of dollars worth of Apple and Bank of America shares this year and continuing to collect a steady stream of profits from all of Berkshire Hathaway's assorted businesses without...
7 steps to forecasting your cash flow needs in retirement
New retirees frequently rhapsodize about the joys of tossing their alarm clocks into the trash and filling their days with whatever activities they find gratifying. But if they’re honest, most new retirees find the financial aspect of the retirement transition to be a little jarring. ...
Wealthier Americans are driving retail spending and powering US economy
WASHINGTON (AP) — It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace? One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income,...
Debt paid on historic hotel owned by family of West Virginia governor, a US Senate candidate
CHARLESTON, W.Va. (AP) — The family of West Virginia Gov. Jim Justice, a Republican candidate for U.S. Senate, says it has paid off debts to avoid the foreclosure on its historic hotel, The Greenbrier. The 710-room hotel, which has hosted U.S. presidents, royalty and congressional...
Why you shouldn't store your money in payment apps
NEW YORK (AP) — Connor Tomasko grew up wary of credit cards. As she taught herself more about managing money, she realized that many people also have bad habits when it comes to payment apps. Tomasko, 31, a freelance software consultant in Chicago, understands why people appreciate...
California Senate passes bill aimed at preventing gas price spikes
SACRAMENTO, Calif. (AP) — The California state Senate passed a measure Friday to prevent gas prices from spiking in a state where it is notoriously expensive to fill up at the pump. The proposal, backed by Democratic Gov. Gavin Newsom, would give energy regulators the authority to...
What to know about this year's Social Security cost-of-living adjustment
NEW YORK (AP) — Tens of millions of older Americans will see an increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments. The 2.5% raise is intended to help meet higher prices for food, fuel, and other goods and services. The...
Elections have less impact on your 401(k) than you might think
NEW YORK (AP) — Much like those annoying political TV ads, the warnings come back every four years: All the uncertainty around the U.S. presidential election could have big consequences for your 401(k)! Such warnings can raise anxiety, but remember: If your 401(k) is like many...
