Personal finance

Andersen Ross Photography Inc | Digitalvision | Getty Images Most people believe in the value of college and, for the most part, institutions of higher education have been able to weather significant financial challenges throughout history.   But now, the number of colleges set to close in the next five years is expected to spike, a

Eclipse_images | E+ | Getty Images If you’re age 73 or older and retired, there’s a key annual deadline approaching for mandatory retirement plan withdrawals — and missing it could trigger a penalty, the IRS said on Tuesday. Generally, you must start so-called required minimum distributions by age 73. The first due date is April

Sdi Productions | E+ | Getty Images A number of factors can get your mortgage application denied. So-called “unverifiable income” is one of them.  Mortgage lenders want to know if you’re financially capable of paying back the loan. One way they’ll do that is by requesting documents like your federal income tax returns, W-2 and

An exterior view of the New York Stock Exchange on September 18, 2024 in New York City.  Stephanie Keith | Getty Images As the calendar turns to a New Year and a new presidential administration, many investors are wondering where they can earn above-average returns. The current outlook is positive, with continued interest rate cuts

David Zervos, Jefferies Scott Mlyn | CNBC The Federal Reserve is expected to cut interest rates by another quarter point at the conclusion of its two-day meeting next week. “Two years ago … three out of four economists were saying we’re going into a recession,” David Zervos, chief market strategist for Jefferies LLC, said during CNBC’s