The IRS has issued guidance for a new opportunity for taxpayers created under SECURE 2.0 that allows employers to make matching contributions to retirement plans based on employees’ student loan payments. The match amount is calculated as if the employee contributed their loan amount to the plan even if they…

Mortgage rates are still uncomfortably high for many would-be homebuyers and sellers, but recent declines have contributed to a significant boost in demand for refinancing. The Mortgage Bankers Association (MBA) reported Wednesday that refinancing applications soared 35% last week, when rates for the average 30-year and 15-year fixed-rate mortgages hit…

Imagine this: You’re retired, lounging in your favorite chair, feet up, sipping something chilled as the sun sets. Your home is clean, everything is organized, the laundry is neatly folded, the trash has been put out for tomorrow’s pickup, and to make the day even better, you can smell your…

Elder fraud is exploding, while crypto and speedy money transfers are making it tougher to recover stolen funds. Here are tips for staying safe. By Kelly Phillips Erb, Forbes Staff The call began with a seemingly routine request. “I was wondering if you could help me with an international inheritance…

Mortgage rates continued their wave-like fluctuations, dropping slightly from last week when rates averaged closer to 7%. A 30-year, fixed-rate mortgage averaged interest rates of 6.89% as of July 11, Freddie Mac reported. Rates currently average lower than they did at this time last year when they hovered around 6.96%…

President Joe Biden’s administration has asked the Supreme Court to lift a block on the Saving on a Valuable Education (SAVE) plan, which is designed to ease the burden of student loan debt for millions of borrowers. Biden introduced SAVE after the Supreme Court struck down Biden’s student loan forgiveness…

Retirees with more guaranteed lifetime income spend more in retirement and do so without worrying about running out of money. The additional spending is meaningful, according to researchers David Blanchett and Michael Finke, who recently updated research they produced in 2021. Retirees who receive steady income from Social Security, pensions,…

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The Inflation Reduction Act has generated many initiatives to cut drug costs for Medicare beneficiaries. So, it’s possible that those past the age of 65 and still working probably don’t care about any of them. However, the IRA may have created a dilemma. Will the drug coverage incorporated into the…

Americans still believe in homeownership, but high home prices, soaring borrowing rates and misconceptions about the homebuying process keep many from achieving their goal, a recent survey said. The majority of Americans (83%) consider homeownership an essential life milestone and 40% think about it at least once a week, according…