The 401(k) is now the most popular type of retirement plan, with many employers providing a company match when workers sock away money in their accounts. But these matches — often shorthanded as “free money” from your company— may exacerbate inequality in retirement, new research finds. About 44% of employer matches are directed toward the top 20% of earners, according …
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May, 2024
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28 May
"No-buy pledge" catches on with TikTokers. Heres what to know and how to start.
The first rule of the “no-buy” trend? Talk about the no-buy trend. What started several years ago as a blogged-about experiment in budgeting and mindful spending has become a popular trend on social media. For the challenge, participants pledge to stop buying non-essential items, whether unneeded shoes, additional beauty products or other impulse buys for a set amount of time, …
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28 May
Is it too late to invest in 1-ounce gold bars? 5 reasons to buy in now
Gold has experienced a rapid price ascension over the last few months, helping to drive renewed interest in the investment asset. For starters, the price of gold hit a new record high of over $2,400 per ounce on May 20, up by about 14% from late March when the price of gold was nearing $2,100 per ounce. And, the price …
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28 May
Is a $10,000 home equity loan worth it?
The average homeowner has hundreds of thousands of dollars worth of equityright now. And, that’s good news considering the fact that home equity loans often havemore competitive interest rates than other options. So, if you need to borrow money, and want a competitive interest rate, a home equity loan may be the way to go. But, there’s a trade. While …
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28 May
2 smart ways to borrow money this summer (and 2 to avoid)
Do you anticipate a need to borrow money this summer? Maybe you need funding to cope with new summertime expenses or maybe you’re looking for financing for another reason. With inflation stubborn and interest rates high, you may be in need of some extra funding right now. No matter why you need to borrow money, however, you have several options …
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28 May
Spain, Ireland and Norway recognized a Palestinian state. Heres why it matters.
Spain, Ireland and Norway formally recognized a Palestinian state on Tuesday, a step toward a long-held Palestinian aspiration that was fueled by international outrage over the civilian deaths and humanitarian crisis in the Gaza Strip following Israel’s offensive. Which countries recognize a state of Palestine, and what is changing? The joint decision by two European Union countries plus Norway may …
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28 May
Jan. 6 officers to campaign for Biden in battleground states
Veteran officers who defended the Capitol during the attack on Jan. 6, 2021, will campaign for President Biden in key battleground states, the campaign announced on Tuesday. The officers will be warning voters what could happen if Donald Trump is elected again, the Biden campaign said. Former Sgt. Aquilino Gonell, former U.S. Capitol Police officer Harry Dunn, and D.C. police …
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28 May
Amtrak changes schedule in the Northeast Corridor due to heat
Amtrak passengers traveling in the Northeast Corridor — the busy rail line linking Boston, New York and other cities in the region with Washington, D.C., — could face delays because of high heat this summer. Departure times of trains in the corridor have been adjusted to compensate for anticipated heat order delays, Amtrak Northeast said Tuesday in aposton X. The …
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28 May
Explosion in downtown Youngstown, Ohio, leaves one dead and multiple injured
YOUNGSTOWN, Ohio (KDKA) — One person is dead and multiple others were injured after an explosion caused extensive damage to a building in downtown Youngstown, Ohio, on Tuesday afternoon. The explosion happened at the Realty Building on East Federal Street around 3 p.m. Tuesday. The building houses a Chase Bank at the bottom and apartments up top. The area was …
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28 May
3 shot to death in South Dakota town; former mayor, ex-law enforcement officer charged
Three people have been shot to death in a small South Dakota town, and a former law officer who once served as the town’s mayor has been charged in the killings. Jay Ostrem, 64, was jailed on $1 million cash-only bond on three counts of first-degree murder, South Dakota Attorney General Marty Jackley said Tuesday in a news release. “Law …
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