My friend who works in an emergency room as a physician assistant recently told me that she’s ready to collapse.
The most recent data on inflation shows prices rose last month by the smallest amount since January, but that doesn't mean consumers are in the clear.
Those who inherit money after a loved one's passing often face anxiety over what to do with it. It may be a once in a lifetime chance to get ahead but there's the perennial personal finance question of whether it's better to pay off debt with the money or invest it for retirement.
So many Americans are pushed into 529 plans and told it's the only way to save for college. 529s are touted as tax-advantaged because the contributions to the plans are invested and grow in the accounts tax-free.
In contrast to the US recession that followed the 2008 global financial crisis, the COVID-19 downturn has elicited strong public support for workers, especially those in essential jobs. Perhaps, at long last, that sentiment will translate into concrete policies that strengthen labor rather than capital.
Bold retirees sport the bumper sticker “I am spending my children’s inheritance.” The sentiment might seem selfish, but it’s good financial planning.