The high court ruled in a 6-3 decision that the Centers for Disease Control and Prevention had overstepped its authority when it ordered that landlords in counties with substantial COVID-19 spread could not remove tenants from their homes for nonpayment of rent if they signed a declaration that they were suffering financial hardship. The verdict was a victory for realtors and property owners who have waged a legal battle to let evictions resume....

But where are they taking their money? And what factors drive their decision-making when choosing a bank? Here are the most important trends shaping millennial banking. Millennials Focus on Convenience and Perks Millennials want to carry out their banking activities with minimal fuss, and they routinely rely on technology to help them do it. Millennials are logging into their mobile banking apps most often to: Schedule person-to-person money transfersTransfer funds between accountsCheck their transaction history...

Investors have the option of managing their retirement funds by buying various types of mutual funds, stocks, closed-end funds, and exchange traded funds (ETFs). However, they may be confused about which product is the best one for them to use to reach their retirement goals. Target-date mutual funds were created to help remove this confusion by making these investment decisions and ultimately simplify your life. However, these funds may not be the best choice for all investors....

This penalty kicks in when you take a distribution before reaching a certain age, 59½ for most plans. But there are some exceptions to this rule. The Penalty Tax The early withdrawal penalty is 10% of the taxable amount you take as an early distribution from an individual retirement account (IRA), a 401(k), a 403(b), or other qualified retirement plan before reaching age 59½. The distribution must also be included in your taxable income....

Small business owners who work from their homes can claim a tax deduction for business use of the home, on Form 8829. To complete Form 8829, you will need to gather some paperwork for the calculation. Meet the IRS and Test for Use of the Space Before you begin to gather the paperwork to complete this form, you must be sure that the area or areas of your home meet the strict IRS use test....

The Federal Income Tax The income tax imposed on wages, salaries, and other compensation is calculated on Form 1040 each year. The total amount of your compensation appears in box 1 on Form W-2. The federal income tax system is progressive—the rates gradually become higher as your income increases, but various deductions and exemptions can reduce the federal income tax owed by reducing the amount of taxable income. Tax credits can be applied to the tax you owe, just as though you had made a payment to the IRS....

This metaphor is often attributed to Franklin D. Roosevelt, who created the Social Security program. However, he did not actually use the term. The origin may have been a man named Reinhard A. Hohaus, an actuary working for Met Life Insurance. During a 1949 speech on Social Security, he talked about a stool with three legs: Social Security, private insurance, and group insurance. Regardless of where the term actually came from, the concept of a three-legged stool is often applied to retirement planning....

Parents and teachers who want kids to be able to use money well turn to personal finance to learn all the ways that money works in our world. Understanding how we earn, save, spend, and share money helps us to make good choices. Getting started in the world of personal finance can seem like a lot, even as adults, but when we break it down into smaller pieces, it’s easier to learn....

The report found credit card debt climbed by $46 billion last quarter, rising 13% from the same period last year—the biggest annual jump in credit card balances in more than 20 years. It’s important to note that borrowing on your credit card is more expensive right now—credit card annual percentage rates (APR) are rising as the Federal Reserve raises the federal funds rate in an effort to bring inflation down....

Like most interns, you are ready to start gaining professional experience, but the first day on the job can be frustrating if your expectations are not met. No matter the circumstance, each experience you have will further your professional abilities. As your career progresses, you’ll find that you will have both good and bad experiences to learn from. If you take away lessons from each individual you interact with at each internship or job you have, you’ll have succeeded in gaining experience....

When you borrow money from a company, you typically only deal with that company as long as you make your monthly payments on time. However, if you fall behind on your payments, your relationship with that lender is at stake. Companies typically have outlined the point in a customer’s delinquency where it’s more cost-effective to stop pursuing the delinquent debt and release it to a debt processing service. That’s where debt collectors and debt buyers come in....

What Makes a Seller Motivated? While the term “motivated seller” has a whiff of desperation about it, a seller might order the agent to “tell buyers I am motivated” for many reasons. They include: The price might have room for further price reductions.The seller prefers the cat-and-mouse negotiation game.The seller is willing to make selling concessions for the buyer.The home is in or near foreclosure.The home is ready to slide down the hill (please, buy it before the next rainstorm!...

Foreclosure can have a lasting impact on your family and your finances, so take the time to understand the stages of foreclosure so you can take steps to prevent it from happening. And if you do go through a foreclosure, learn how you can find housing and help to get your finances back in order. Stages of Foreclosure The exact foreclosure process is different in each state, but generally, you can expect it to look something like this:...

Consider the Dangers of Cosigning a Loan If your parents are asking you to borrow money for them, it is usually because they do not qualify for a loan themselves. The same applies to cosigning a loan. This means the banks feel they are too much of a risk to lend money to. If your parents cannot make the payments, then you will be required to make the payments for them....

Of course, you want the most money you can get for the property, but that might not happen if you make costly home selling mistakes along the way. Unsure of where to start? Here are steps you can take to make your home sale a success. Consider Your Motivation Explore your reasons for selling. Maybe this isn’t the ideal time for you to sell if you aren’t really committed. Perhaps the current market isn’t ideal....

1. Be Authentic Your business is an extension of you, no matter how big or small it is at the present time. It will succeed or fail by how others perceive your brand, and ultimately how they feel about doing business with you. All aspects of your business (customer service, product creation, back office) should respect your values. Ensure all communication and advertising is accurate and not misleading. Make sure your products and services live up to the expectations you set for your customers....

It clearly identifies an ownership interest under the terms of a will as opposed to a revocable or irrevocable living trust. It indicates that another document, the will, exists to explain the specifications of the interest. Types of UWO Trusts Below are two circumstances under which you might encounter a UWO designation: A trust agreement might read, “Jane Doe Credit Shelter Trust UWO John Doe.” This refers to the “B” Trust of an AB trust estate plan, which has been established for the benefit of Jane Doe under the terms of John Doe’s last will and testament....

The average rate offered to homebuyers using a conventional 30-year fixed mortgage rose to 4.34% from 4.28% the previous business day, marking a new peak since 2020, when it was as high as 4.71% in March and as low as 2.89% in December. (Our daily mortgage rate data only goes back to April 2021, but our data on yearly highs and lows dates back to 2020.) The average for a 15-year fixed mortgage stayed flat at 3....

Read on for a review of 10 unexpectedly high-paying jobs. To get started in this job, air traffic controllers must complete an FAA-recognized education program, and attend a training course at the FAA Academy. Air traffic controllers make a median annual salary of $124,540. This job is projected to grow 1% between 2018 and 2028, according to the Bureau of Labor Statistics. Many astronomers have educational backgrounds in mathematics or physics....

Certain financial missteps can cause damage that lingers for decades, so making sure your finances are in order, even as a college student, can go a long way in helping you get a good start after school. Learn about some of the most common money mistakes college students make and how to avoid them. Racking Up Credit Card Debt Credit cards are a convenient way to pay for things, and many cards offer rewards programs or cashback incentives that add to their appeal....