Personal Finance

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Latest Personal Finance News

I’m Selling My House and Netting $480k. Can I Avoid Taxes While Downsizing for Retirement?

In most cases, when selling your primary residence you can exclude $500,000 of the gain if you file as a…

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Though Fed holds lending rates steady, subprime cardholders continue to feel sting of high interest rates

The Federal Reserve appears to be winning its war against inflation, having successfully slowed it gradually over the past year.…

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5 steps to take during an online banking outage

Online technical issues ran rampant throughout the world Friday morning when a software update from cybersecurity company CrowdStrike crippled many…

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Meet America’s Best Banks And Credit Unions In Each State 2024

By Shefali Kapadia Leslie Weist knew she was assuming significant risk when she decided to secure a loan two years…

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Check Your State’s Tax Law Before Converting An IRA

Before converting a traditional IRA to a Roth IRA, residents of states with income taxes should review how their states…

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Advantages And Disadvantages Of Using TOD Accounts To Avoid Probate

An increasingly popular way to avoid probate and other estate planning issues is the transfer on death or payable on…

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Does Workers’ Compensation Affect Social Security Benefits?

Workers’ compensation, which provides financial support for employees injured on the job, can impact the amount you receive from Social…

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How to Report Foreign Gifts With Form 3520

The IRS has clear guidelines and specific thresholds that dictate when and how U.S. persons (citizens, resident aliens or domestic…

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How the Fed affects credit cards

The Federal Reserve has made significant inroads in its fight against inflation, with the rate dropping in June to 3.0…

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What is compound interest?

Compound interest is a powerful force for consumers looking to build their savings. It creates a multiplier effect on your…

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