Under the terms of the One Big Beautiful Bill law that created it, the federal government will seed each Trump Account with $1,000 for every U.S. citizen born from 2025 through 2028.
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It’s not at all necessary to get started right away, and there’s a navigable path for renters in the 40s to end up in a very comfortable situation by retirement.
Read MoreWhile the need for planning is understood, action is often lacking.
Higher-income Americans and those with college degrees have ramped up their spending more quickly in the past three years than other consumers, according to new data.
So far, the White House has not provided any detail about what will happen to credit card companies that don’t lower card rates.
There were about 5.3 million borrowers who had not made a payment on their federal student loans for at least 360 days as of June 30.
Jordan Chirico is facing both criminal charges and civil litigation over his alleged connections to what authorities describe as a $200-million-plus Ponzi scheme.
Oak Street, a specialty lender focused on the financial services sector, is picking up a portion of the loans acquired by its corporate parent, First Financial Bank, in a recent acquisition.
While the cost-of-living increase is in line with overall inflation for the year, it trails categories that are particularly relevant to older adults.
Instability rarely shows up all at once. It sneaks in quietly, wearing the same outfit as “everything’s fine.”
BlackRock might buy the breaker box, but Indiana decides how the switches get flipped.
Private investment firms that have done well investing in infrastructure over the last 15 years now have strong incentives to add data centers, power plants and the services that support them.
Karmen Johnson explains how she kept her job with an Indy-based credit union while exploring the country—and then added a career in art after a near-fatal accident brought it all into focus.
The Federal Reserve Board reported that 14 percent of adults in fall 2023 had used buy-now-pay-later loans at least once in the past 12 months.
Gen Xers who have retirement accounts have saved on average a measly $180,000, and nearly 50% of Gen Xers don’t even have a retirement plan. Among the hot topics: When’s the best time to start taking Social Security, given that it’s headed for a funding deficit in 2033?
Moody’s, S&P Global Ratings and Fitch Ratings are the three primary credit rating agencies for corporate and government borrowers. Moody’s was actually the last CRA to strip the United States of its highest credit rating.
A surge in baby boomers nearing 65—about 4 million Americans turn 65 this year—means more people are making tough decisions about retirement. That surge is expected to continue through 2027.
Industry experts told IBJ that employers should consider legal guardrails, equity concerns, workload and external financial support when deciding whether an internship program will be compensated.
It might be tempting to make dramatic changes to your investments right now, but it’s important to resist that impulse, advisers say.
Commerce Secretary David Adams announced last week that the state had frozen funds earmarked for Elevate Ventures, but he did not outline specific concerns about the nonprofit or its operations.
In 10 years, Social Security won’t have enough money to satisfy all obligations to retirees. The latest projections show benefits dropping by 17%.
It’s about the bigger question: Are we actually seeing progress, or are we in a new normal?
