MoneyWatch

If you need to borrow money, two popular options to consider are 401(k) loans and home equity lines of credit (HELOCs). These loans are secured — one by your retirement account and the other by your home — and are both low-cost alternatives to credit cards and personal loans. But which is better? As with most financial products, 401(k) loans …

While borrowers have struggled in the last two years thanks to elevated interest rates on everything from mortgages to credit cards, savers have been able to take advantage by opening select account types. Rates on high-yield savings and certificates of deposit accounts, for example, have surged, allowing savers to earn exponentially more than they would have if they opened the …

Planning for retirement can be both exciting and overwhelming. While the idea of retirement is appealing to most people, the idea of saving enough to retire may not be. There’s a lot more to creating a solid retirement plan than just making sure thebalance in your retirement accounts lines up with your financial plan. When you add in the other …

Gold has long been a popular investment asset, and the commodity’s safe-haven properties continue to attract investors today. And, it’s no secret that the precious metal is a good tool for portfolio diversification, either. If you structure your investment as a gold individual retirement account (IRA), investing in gold can have benefits you may not have considered. In fact, there …

It’s tax time again – and that means you could receive extra money soon. That’s because the majority of Americans receive a tax refund according to the IRS. However, the size of the refund you receive depends on a wide range of factors. Things like how much money you earned, how much you paid into taxes and what expenses you …

Choosing the right method to increase your savings account balance can be difficult — especially right now. After all, there are numerous interest-bearing account options to choose from, like certificates of deposit (CDs), money market accounts and savings accounts. And, each option offers not just its own rates, but its own potential benefits and downsides to savers, so it’s important …

If you don’t know the first thing about football but still want to bet on the 2024 Super Bowl, there are some so-called proposition bets that require zero understanding of the game, let alone insights into who the best players are or which team might win. Non-football fans who want in on the action can place wagers on everything from …

Biogen is pulling the plug on the controversial drug Aduhelm, the first drug cleared by government health officials for treating Alzheimer’s in nearly two decades. The pharmaceutical giant is returning the rights to the drug to Neurimmune, the private firm that invented it, and incurring a $60 million one-time charge to close out the Aduhelm program, Biogen said Wednesday in …

Universal Music Group warned Tuesday that it would pull its songs, which include those by Taylor Swift and The Weeknd, from TikTok after a breakdown in talks over issues such as the compensation of artists. In an open letter, Universal accused TikTok of “trying to build a music-based business, without paying fair value for the music.” Both sides have been …

The Food and Drug Administration is warning the public against copycat eye drops because of the risk of infection. South Moon, Rebright and FivFivGo eye drops are offered in packaging that could easily be mistaken for Bausch + Lomb’s Limify brand eye drops, an over-the-counter product approved for redness relief, the FDA said on Wednesday. The copycat products claim to …