Financial related news.
SEATTLE (AP) — Seattle's wealthiest would become the only Washington state residents to pay an income tax under legislation approved by the City Council, a measure designed as much to raise revenue as to open a broader discussion about whether the wealthy pay their fair share. The council voted unanimously Monday to impose a 2.25 [...]
Having college debt disappear is something many student loan holders can only dream of. But it’s possible for some of the 44 million people in the U.S. with education loans. Through the Public Service Loan Forgiveness Program, people with federal student loans can get their loans erased tax-free if they first make loan payments for [...]
Rising life expectancies lead to longer retirements and can cause many soon-to-be retirees to worry about outliving their retirement savings. According to Bank of America, the average American today spends roughly 20 years in retirement. “Longevity is a miracle, but it’s also people’s biggest fear,” said David Laster, managing director and head of retirement strategies [...]
Retirement doesn’t have to be a sentence to boredom or hopelessness, and people are now retiring younger and healthier than previous generations. To cater to this new crowd, senior living communities are becoming life plan communities, offering a variety of aspects for today’s active senior lifestyles. According to Robin Technologies at Wesley Woods at New [...]
It’s no surprise that baby boomers are transforming retirement communities just as they left their collective mark on all other cultural touchstones. Technology, independence, education and health are just a few of the items seniors expect to figure largely into their lives during their golden years, according to a recent web review. “Technology transforms care; [...]
WASHINGTON (AP) — The Trump administration hardened its approach to China on Thursday, blacklisting a small Chinese bank over dealings with North Korea while approving more than a billion dollars in military sales to Taiwan. The twin moves, both expected to infuriate Beijing, came just days after President Donald Trump appeared to lose faith in [...]
A part-time summer job can teach teens the value of earning a paycheck, but not necessarily how to manage their money wisely. That’s a job parents should take on, and the earlier the better, experts say. Teaching teens the basics of saving, following a budget and the principles behind responsibly managing checking and credit accounts [...]
Starting July 1, the credit scores of up to 14 million people could begin to rise as credit reports are scrubbed of nearly all civil judgments and many tax liens. Consumer advocates hail the data’s deletion as a long-overdue victory for people whose scores were unfairly dinged by inaccurate information. Others worry the changes could [...]
BOSTON (AP) — Danielle Ramos’ student-debt nightmare was supposed to be over. Like thousands of others who studied at failed for-profit colleges, she was promised by the U.S. Education Department under President Barack Obama that her federal loans would be forgiven by now. But as the weeks tick by with no reprieve, the 30-year-old college [...]
Tia Chambers checked her credit score for the first time at age 23, after watching a friend check his, she says. “I said, ‘Oh boy, my credit score has to be better than that,’” says Chambers, now 31, who blogged about her experience on her website, Financially Fit and Fabulous. To her surprise, it was [...]