The Internal Revenue Service announced today that young workers will be allowed to contribute up to $22,500 pretax to a 401(k) or similar retirement savings plan in 2023, a $2,000 jump from the current $20,500 limit. Those 50 or older will be permitted to sock away up...
Every year, the IRS adjusts many provisions to account for the impact of inflation, ranging from individual tax brackets to how much you can save in your individual retirement account, or IRA. With inflation running near a 40-year high, experts say some major changes...
Inflation has made it hard to buy much with a buck these days. $1 pizza has disappeared. Dollar stores aren’t dollar stores anymore. So wouldn’t it make more sense to start paying with $2 bills instead? “If you had a $2 bill, perfect,” said...
Wow, 2021 was a wild year! With so much happening across the country and costs on the rise, you might be wondering how it’ll impact real estate in 2022. Will we see more skyrocketing home values? How will the real estate market shake out in our current economic...
Mortgage rates are at their highest level since the Great Recession, according to data released by Freddie Mac Thursday, as housing affordability continues to slump. KEY FACTS The 30-year fixed mortgage rate is now 5.89%, according to Freddie Mac, up from 5.66% last...
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