Personal Finance

lovelyday12 | Getty Social Security benefits are helping to narrow the gap between the haves and have-nots who are approaching retirement. But they don’t go far enough. That’s according to new research from The New School Schwartz Center for Economic Policy Analysis in New York. The analysis took a look at one age group in
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Prasert Krainukul If you think that Republicans and Democrats can’t see eye to eye these days, try sitting in a room with financial professionals who are for and against annuities. The inability to agree is real. And both sides hold steadfast to their positions. Annuities are insurance or investment contracts that give investors regular payments
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Before moving all your assets from a traditional individual retirement account to a Roth version, you might want to consider leaving some behind. Yes, Roth IRAs grow tax-free, qualified withdrawals are untaxed and the accounts come with no lifetime required minimum distributions, or RMDs. However, traditional IRAs offer some potential tax benefits that disappear once
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Many Americans hold multiple retirement accounts — and there are many reasons why they should consider combining those nest eggs instead of letting them gather dust. Around 25 million Americans left behind money in a 401(k) account when separating from an old job, according to the Government Accountability Office, which analyzed 10 years’ worth of
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Beau Lark/Corbis/VCG The #MeToo movement is forcing insurers who provide coverage for high-profile executives accused of sexual harassment and assault, such as disgraced Hollywood producer Harvey Weinstein, to rethink their business. A number of companies that sell so-called employment practices liability insurance are demanding higher deductibles, restricting coverage for businesses in high-risk industries such as
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Holiday shopping doesn’t need to break the bank. As shoppers scramble to take advantage of seasonal deals, there’s one offer you probably don’t want to jump on. Store credit card deals may sound like a steal. However, beware the fine print that can cost you more than you bargained for, according to recent research from
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athima tongloom California officials proposed a rule on Tuesday that would cut discriminatory pricing practices being used by auto insurance companies in the state. The California Department of Insurance found in a recent investigation that many insurers have been selling higher-priced auto-insurance policies to people of color and low-income drivers in the Golden State, by
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