The US economy has suffered much during the COVID-19 pandemic. As a result, the government issued various economic stimulus payments to help their citizens survive. There have been three groups of stimulus checks which were made available to eligible US citizens by the American Rescue Plan. However, according to Go Banking Rates, since the summer … Read more
Retirees need to have an account with multiple benefits to enjoy their post-retirement life. Roth IRA has several advantages over other accounts; it can enhance retirement savings and help retirees with additional expenses. However, retirees need to consider the advantages and disadvantages of a Roth IRA account. The Motley Fool reports that Roth IRAs are … Read more
Oil prices have reached a peak since 2014. The surge to $100 per barrel has left the global economy baffled. The US economy is likely to suffer as the price rise will halt the recovery and fuel inflation levels. The US Federal Reserve and other central banks worldwide struggle to contain the price hike. Business … Read more
The mortgages rates have climbed up recently, and the housing market is under fire. The new and veteran homebuyers face unique challenges in buying new homes. The mortgage rates are at a 30-year high of 4.386%. Homebuyers need a higher credit score to secure home loans with 20% down payments. The borrowers need to manage … Read more
The pandemic forced car insurance providers to offer discounts worth billions to customers. The insurance companies have now decided to increase their insurance costs as they start to retain normalcy. The insurance holders will face several difficulties after the discounts subside. Yahoo Money reports that Progressive Corp’s subsidiaries received permission to increase insurance rates in … Read more
Millions of student loan borrowers across the US will face difficulties in debt management. The increasing everyday expenses restrict their savings, and they have to eliminate essential services to repay the debts. However, borrowers can avail the benefits of the Income-driven repayment plan to receive valuable help regarding loan debt management. The borrowers can receive … Read more
Democratic lawmakers still have a ray of hope regarding the Build Back Better. The program allows an extended child tax credit for US citizens; the politicians believe that the approval of the Build Back Better bill is possible even after all-out opposition from Sen. Joe Manchin. President Biden introduced the Build Back Better Act in … Read more
Several individuals prefer sound investment strategies to enhance their money manifold. People can turn their $1,000 into 10,000 through adopting intelligent investment plans. However, a ten-fold increase takes more than a few days or weeks. Individuals need to opt for a fair and reliable path to optimize their savings over time. GO BankingRates reports such … Read more
With the advancement in society, several teenagers indulge in part-time jobs to complement their education. However, they face a severe dilemma about paying taxes for their part-time income. The teens need to pay taxes based on their age and income amount. Parents need to be aware of the tax rates and income figures to avoid … Read more
As the US demand rises and the Banking System prepares to increase rates benchmark interest rate in three years, banks in the United States will see higher growth in the “bread-and-butter” business of collecting deposits and lending money this year, reports Reuters. The Fed’s move could signal the end of the low-interest-rate environment that has … Read more