As the New Year approaches, many households are placing a renewed focus on managing their personal finances. A recent survey conducted by Allianz Life highlights that around 38% of Americans prioritize financial stability above all else for 2025. With this in mind, certified financial planners have shared crucial resolutions that households should adopt to foster
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As the job market continues to evolve, employers have begun re-evaluating their benefits offerings, particularly in response to the mounting burden of student loan debt faced by many workers. The innovative approach of allowing companies to offer a “match” on employee student loan payments through contributions to their 401(k) plans has emerged as a noteworthy
The financial marketplace has witnessed a monumental shift in investment strategies, notably through the surge of exchange-traded funds (ETFs). In November, assets in U.S.-based ETFs surpassed the remarkable threshold of $10 trillion for the first time, as reported by Cerulli Associates. This watershed moment is not merely a statistic; it reflects a broader trend impacting
The 4% rule, a cornerstone of retirement planning for many, faces new scrutiny as we approach 2025. Traditionally, this guideline has provided retirees with a framework to determine a sustainable withdrawal rate from their retirement accounts, designed to last through a three-decade retirement period. However, evolving market conditions indicate that a reassessment of this rule
In today’s dynamic housing market, the mortgage application process can pose various challenges, particularly for those with non-traditional income sources. While many prospective homeowners may dream of owning their property, numerous factors can result in a mortgage application being denied. One significant reason often cited is “unverifiable income,” which can create hurdles for applicants. Understanding
In the world of stock market investments, seeking income through dividends has long been a popular strategy. One notable approach, the “Dogs of the Dow,” focuses on selecting stocks from the Dow Jones Industrial Average that offer the highest dividend yields at the beginning of each year. The slightly lesser-known variation, the “Dogs of the
The holiday season is a time of celebration, gift-giving, and togetherness, but for many Americans, it also signifies the beginning of financial strain. According to recent findings by LendingTree, a significant portion of American consumers ends the holiday festivities with fresh debts. This article delves into the statistics surrounding holiday debt, the demographics most affected,
The landscape of student loan forgiveness has been a contentious issue over recent years, especially under the Biden administration. Following the Supreme Court’s rejection of a previous plan aimed at broad debt relief, the administration announced the termination of two critical initiatives designed to aid student loan borrowers. This decision not only underscores the challenges
In a recent announcement, the Internal Revenue Service (IRS) is set to distribute automatic payments of up to $1,400 to around one million taxpayers who neglected to claim the 2021 Recovery Rebate Credit on their tax returns for that year. This initiative aims to provide financial relief to eligible individuals who missed out on significant
In a remarkable display of market confidence, Okta, a leading identity management solution provider, witnessed its shares soar over 18% in after-hours trading on Tuesday. This impressive surge came in response to the company’s recently released third-quarter financial results, which substantially exceeded analyst expectations. The overarching theme of this quarter’s report was a resurgence in