Personal Finance

Treasury Secretary Steven Mnuchin speaks with reporters outside White House in Washington, DC, on March 13, 2020. Jim Watson | AFP | Getty Images Treasury Secretary Steven Mnuchin said Friday that the Trump administration would consider suspending people’s student loan payments as part of a larger strategy to mitigate the economic consequences of the coronavirus.  “I can
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GSO Images When the stock market goes haywire, gold often becomes the “gold” standard in the eyes of everyday investors. True to form, gold is coming off its best week since 2016, as fears around the global spread of the coronavirus led to a sharp selloff in the stock market and nudged investors to retreat to what they perceived
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The recent stock market meltdown may have dented Americans’ retirement savings, but there’s a silver lining: The downturn made one common retirement strategy less costly for investors. The strategy, known as a Roth IRA conversion, involves changing a traditional, pre-tax retirement account — such as a 401(k) plan or a qualified individual retirement account — to an
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Getty Images Recent wild market swings have led some 401(k) investors to clamber into safer assets. However,  you may want to press pause before you increase your exposure to bonds or cash-type funds. Net trading activity in 401(k) saving plans was higher in the last week of February than all of the combined activity in
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Javier Snchez Mingorance / EyeEm Wild swings in the stock market may have you itching to make changes to your portfolio. Yet any expert will tell you: You shouldn’t let your emotions drive your investment decisions. “That vacillation between excitement and panic — that is what hurts people financially,” said financial psychologist Dr. Brad Klontz, associate
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PeopleImages Americans nearing retirement are among the many casualties of the coronavirus, as fears around its global spread and resulting economic damage caused a steep selloff in the stock market last week that potentially upended the retirement outlook for many individuals. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite — which serve as barometers
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