Billionaire Ray Dalio, founder of Bridgewater Associates, is sounding the alarm on America’s chronic spending, national debt nearing $37 trillion, combined with a $2 trillion…
If you’re considering buying an electric vehicle, now may be the time to act. A sweeping Republican-led proposal, referred to as the “One Big Beautiful Bill,” is charging through Congress and threatens to wipe out…
Chicago History Museum/GettyImages Mob boss Al Capone was famously convicted of tax evasion. He didn’t pay taxes he earned through illegal operations, and he went to prison for it. But while tax evasion is illegal, tax avoidance is not. Tax avoidance involves using legal strategies to lower your tax liability.…
Key takeaways Inheriting an IRA can be complex. The rules differ based on your relationship to the deceased, your age and even their age at death. One misstep can trigger hefty penalties or tax bills you can’t undo. Surviving spouses can treat the IRA as their own or remain as…
Key takeaways There are several ways to finance home renovations, including renovation mortgages, home equity loans and personal loans. Borrowing makes the most sense when repairs are urgent or when improvements will increase your home’s value. Compare loan options carefully, especially considering interest rates, fees and the amount of home…
Key takeaways Students under 21 can only report personal income, allowances from family members and residual scholarship/grant money after tuition and college expenses. Students over 21 can also report income from self-employment, household income and other financial aid. Unemployed students can choose alternatives, including becoming an authorized user,…
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Key takeaways Texas has the highest car loan balance of $7,920. While vehicle expenses vary across the country, drivers can still work to secure a competitive rate by improving their credit and comparing different lenders,…
