The median annual pension benefit ranges between $9,262 for private pensions to $22,172 for a state or local pension, and $30,061 for a federal government pension and $24,592 for a railroad pension. How to boost your pension income You cannot exactly boost your pension payments. You can...
Side jobs are great, but if you need cash quick, your options are limited. Here are the foolproof ways to make money right now.
Students who have borrowed nonfederal (private) loans don’t have the same benefits and protections as those who take out government-backed loans. Recently, students with federally-backed loans benefitted from a payment pause and 0% interest rate because of coronavirus relief act provisions. Priva...
When to Expect Your 2023 Tax Refund Most taxpayers get federal tax refunds. Right now, the IRS expects to deposit most refunds within 21 days of accepting an electronic return. If you opt to receive a check instead of direct deposit, it can take up to four weeks. ...
One of the defining characteristics of pension funds is their long-term investment horizon. Unlike many other investment vehicles, pension funds are designed to generate returns over extended periods, aligning with the extended time horizon of retirement planning. As such, pension funds often allocate...
The apparent inability of the Federal Reserve to adjust longer-term interest rates to as low a level as it would like is concerning because the US government debt level is very high now (Figure 1). Being forced to pay 4% (or more) on long-term debt that rolls over could create a hug...
government. You can buy them from the government directly, and many buy them through a brokerage, retirement or bank account. Treasury owners pay federal taxes on the investment interest earned but no state or local taxes. Investors may turn to Treasurys during periods of volatility or ...
Investors keep a close watch on the federal funds rate. The stock market typically reacts very strongly to changes in the target rate. For example, a small decline in the rate can prompt the market to leap higher as the borrowing costs for companies get lower. Many stock analysts pay parti...
Uyghurs and North Koreans are forced to work in Chinese seafood processing plants. But the federal government purchases millions of dollars of this seafood for the military and school lunches.
The Federal Reserve Bank of the U.S. targets an inflation rate of 2%.6 A second factor that affects wage rate changes is the rate of change in unemployment. If the economy is booming, employers will bid more vigorously for workers—which means that demand for labor is increasing at a fas...