accounting

As a record 8.7% increase in the Social Security cost of living begins in 2023, here's what recipients should look for in annual statements

As a record 8.7% increase in the Social Security cost of living begins in 2023, here’s what recipients should look for in annual statements

Catherine Ziegler | Digital vision | Getty Images As inflation kept prices high in 2022, Social Security recipients can expect a record cost-of-living adjustment in 2023. “Your Social Security benefits will increase by 8.7% in 2023 due to an increase in the cost of living,” the Social Security Administration says in the annual statements it …

As a record 8.7% increase in the Social Security cost of living begins in 2023, here’s what recipients should look for in annual statements Read More »

People have a 'long social distance' due to COVID-19.  Economists say this contributes to a decline in labor force participation.

People have a ‘long social distance’ due to COVID-19. Economists say this contributes to a decline in labor force participation.

More than two years into the coronavirus pandemic, a desire for social distancing still prevents some people from returning to work. It’s a decision, say medical experts, that everyone should make for themselves, based on their own circumstances. Some economists say, however, that people withdrawing from work due to the pandemic can also impact the …

People have a ‘long social distance’ due to COVID-19. Economists say this contributes to a decline in labor force participation. Read More »

“Most economists predict a recession in 2023”: I own a rental property.  Is it the right time to take out a bank loan and renovate or should I wait?

“Most economists predict a recession in 2023”: I own a rental property. Is it the right time to take out a bank loan and renovate or should I wait?

Dear MarketWatch, Along with a sibling, I own a 40+ bedroom rental property in the Caribbean, where we do weekly rentals. It is near the city center but needs repairs and renovations. Is it a good time to go to the bank for a renovation loan? We are also open to changing our business model. …

“Most economists predict a recession in 2023”: I own a rental property. Is it the right time to take out a bank loan and renovate or should I wait? Read More »

My wife agreed to vouch for her son's rental without telling me.  His car was seized for non-payment of his loan.  What should I do?

My wife agreed to vouch for her son’s rental without telling me. His car was seized for non-payment of his loan. What should I do?

Dear Quentin, About four days ago I received an email from my wife’s bank saying that someone had requested her login username through a password reset. When I asked my wife about this she said she forgot her username and was trying to get my stepson access to her online portal so he could download …

My wife agreed to vouch for her son’s rental without telling me. His car was seized for non-payment of his loan. What should I do? Read More »

This State Has the "Best" Personal Finance Education in the U.S.

This State Has the “Best” Personal Finance Education in the U.S.

Financial literacy is key to managing money, but how well are states preparing their residents? Tennessee tops the list of US states that offer the best financial education to its residents, according to a new report from financial services firm OneMain Financial. More than 99% of Tennessee public high school students have a “gold-access” education, …

This State Has the “Best” Personal Finance Education in the U.S. Read More »

This State Has the "Best" Personal Finance Education in the U.S.

This state has the best personal finance education in the US – you can tell by its average credit score

Financial literacy is key to managing money, but how well are states preparing their students? Tennessee tops the list of US states that offer the best financial education to its residents, according to a new report from financial services firm OneMain Financial. More than 99% of public high school students in Tennessee have what is …

This state has the best personal finance education in the US – you can tell by its average credit score Read More »

The floodgates are open to grandparents to save on college for grandkids

The floodgates are open to grandparents to save on college for grandkids

If you’re a grandparent looking to save the day by helping your grandkids pay for college, take a look at a tax-efficient 529 college savings plan before the end of the year. Rule changes to federal financial aid calculations in 2023 mean new investment opportunities are open for family members to help without hurting financial …

The floodgates are open to grandparents to save on college for grandkids Read More »