Personal income

US Inflation Gauge Seen Bolstering Fed Patience on Rates

Business
Jessica Roberts

(Bloomberg) — The Federal Reserve’s preferred measure of underlying US inflation probably remained uncomfortably high in February, showing why central bankers are ...

Here’s the rate of return you may expect on your retirement portfolio

Business
Jessica Roberts

GlobalStock | Getty Images The point of the example was not to expect a 12% average rate of return on your money, ...

Average net worth by age exceeds $1 million for Americans in their 50s

Business
Jessica Roberts

Allworth Advice: How much is your net worth Amy Wagner with Allworth Financial discusses net worth Allworth Financial Sometime around age 50, ...

Retirees face significantly higher Medicare Part D drug costs in 2024

Business
Jessica Roberts

Fatcamera | E+ | Getty Images A new law is poised to cap seniors’ prescription drug costs covered under Medicare, starting in ...

What you need to know

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Sarah Wilson

IRS Announces 2024 Tax Brackets Americans will see new tax brackets in 2024. Cheddar The Internal Revenue Service has announced that income ...

How much to save to retire with $1 million if you earn $120,000 a year

Business
Jessica Roberts

If you’re making $120,000 per year, saving $1 million for retirement might seem out of reach. But with a little dedication and ...

Social Security may affect workers in 2024. 3 rules to keep in mind

Business
Jessica Roberts

In 2024, high earners may pay more Social Security taxes. Plus, working while receiving retirement benefits may have consequences. Here’s what to ...