Personal Finance

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For many Americans, it’s become an annual rite of spring: waiting with anticipation for that tax refund check to arrive in your mailbox or bank account. Last year, the Internal Revenue Service issued more than 94.8 million refunds worth almost $255 billion. The agency is on track to send out a similar amount in refunds …

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You don’t need to be the one getting married to say “I do” to substantial wedding bills. The average wedding guest will spend $673 per wedding this year, according to new data from American Express. That’s up 13 percent from last year and 21 percent from 2013. (Tweet This.) Scarier, that tally is just to …

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Even wealthier Americans are struggling to save enough for retirement, according to a new survey. The report, released Thursday by SunTrust, found that even among households with incomes of $75,000 or more, roughly a third live paycheck to paycheck at least some of the time, and one-fourth of those with incomes of $100,000 or more …

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If you’re in your late 40s or 50s, you may be wondering if there is a way to retire early. Nearly three out of 10 workers expect to retire before they’re 65, according the Employee Benefit Research Institute. Unfortunately, many Americans are financially unprepared to retire at all. A new survey finds 40 percent of …

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Terrell Owens of the Cincinnati Bengals in 2010

Success in the National Football League doesn’t protect players from bankruptcy. Nearly 16 percent of NFL players drafted between 1996 and 2003 declared bankruptcy within 12 years of retirement, according to a new working paper released by the National Bureau of Economic Research. Researchers from the California Institute of Technology, George Washington University and the …

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Most financial experts agree that the best time to start investing in stocks is when you’re young and have time to wait out the downturns and take full advantage of compounding. But it’s not easy to know where to start. That might explain why just 26 percent of Americans under age 30 are now investing …

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Don’t worry if you can’t make the April 15 deadline to file your federal taxes. You can ask for an automatic six-month extension from the Internal Revenue Service. By filing an extension, you will avoid stiff penalties for not filing your federal tax returns by the April 15 deadline. But you will need to complete …

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It was supposed to be enough: a nest egg sufficient in size to cover your living expenses during retirement. So where did it all go? One bad decision as you convert your savings to income can undermine a lifetime’s worth of good ones, draining your hard-earned retirement funds and leaving you in a financial lurch. …

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Baby boomers’ confidence in a good retirement is plummeting, according to a survey released Monday. The Insured Retirement Institute survey found that 27 percent of baby boomers are confident they will have enough money to last through their retirement, down from 33 percent a year ago and 37 percent in 2011. Only 6 in 10 …

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It’s no secret that the rich generate much of their wealth from relatively low-taxed capital gains. But data from the Internal Revenue Service show that other Americans saw increases in the share of their incomes coming from capital gains in 2013. Capital gains are net income on sales of assets, like stocks or bonds, so …

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By the end of the last year’s tax filing season, 78 million of the 150 million tax returns filed were electronically filed by tax professionals, and another 48 million were e-filed online individually. Even more taxpayers are expected to e-file this year—many of them using Intuit’s TurboTax, the most popular tax preparation software, or its …

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Waiting for the last minute to file your taxes? You’re not alone. While the vast majority of Americans file in time for the government’s April 15 deadline, many wait until the last minute to bite the financial bullet. The week of April 15 is the busiest single week for tax filings, according to data from …

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Students walk across campus at the University of Vermont.

Everyone knows the alarming news about student loans: It’s grown to become the second-largest source of consumer debt in the U.S. behind only home mortgages, surpassing credit card debt since the financial crisis. And there is little relief in sight. You must repay your loans even if you drop out of college or can’t find …

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As the April 15 income tax filing deadline approaches, experts say it’s the ideal time to turn your attention to … next year’s return. The benefits can be both financial and practical. (Tweet This) Start by considering this year’s outcome, said Barbara Weltman, a tax and business attorney based in Vero Beach, Florida. “Did you …

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Long before kids encounter financial literacy in school, they learn from the Bank of Mom and Dad—and those lessons (right or wrong) can really stick. Last year, 28 percent of adults told the National Foundation for Credit Counseling that they primarily learned personal finance from their parents. Among kids currently ages 8 to 14, 65 …