June 2022

78% of workers ignore ‘the greatest money-making asset’ for retirement,

says CPA. Here’s what it could be costing them May 16, 2022 KEY POINTS Nearly two-thirds — 62% — of workers identified company matches to 401(k) plans as important for reaching retirement goals in a recent survey from Principal Financial Group. Just 22% said that starting to invest in your twenties is key to a

78% of workers ignore ‘the greatest money-making asset’ for retirement, Read More »

As tuition continues to climb, these are the top tax breaks for college expenses

KEY POINTS The cost of college can be a challenge for families, but a few tax breaks may lessen the burden. The American opportunity tax credit offers up to $2,500 per student for undergraduate expenses, and the lifetime learning credit extends to graduate or professional courses, worth up to $2,000 per return. Working students may

As tuition continues to climb, these are the top tax breaks for college expenses Read More »

An easy guide to help college students set up their first budget

Howard University – Photo: Darreonna Davis College is a time when you learn so many new things so quickly — you’re learning about your major and future career, meeting people from around the world and learning how to live independently. But one area that is sorely lacking for most college students: learning about money. Nearly half

An easy guide to help college students set up their first budget Read More »

Are you saving enough for retirement? Odds are, probably not

KEY POINTS The latest Federal Reserve Survey of Consumer Finances found the median amount of savings in Americans’ retirement accounts was $65,000. About half of all Americans are at risk of not being able to maintain pre-retirement standards of living, said Angie Chen, research economist at the Center for Retirement Research at Boston College. But

Are you saving enough for retirement? Odds are, probably not Read More »