How Much Millennials Have in Savings — And What That Means For Their Future
By: Gabrielle Olya
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May 20, 2021
|GoBankingRates
As much flack as millennials get for their bad financial habits, they actually are pretty good savers. A recent survey conducted by Bank of America found that 73% of millennials are actively saving money and more than half (59%) have $15,000 or more in savings. Perhaps even more impressive, the survey found that nearly 1 in 4 millennials (24%) has $100,000 or more in savings. And while that seems impressive, is that actually enough?
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Last-Minute Tax Tips To Save You Money
By: Nicole Spector
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May 12, 2021
|GoBankingRates
It’s everyone’s favorite time of year: tax season! This year individuals have until May 17 to file their 2020 federal income taxes (versus the pre-COVID-19 date of April 15, which only quarterly payers need to heed).
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Experts Say These Are the 5 Retirement Myths You Need to Give Up Now
By: Yaёl Bizouati-Kennedy
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May 5, 2021
|GoBankingRates
The pandemic has created uncertainty in employment and the labor market, but a new survey found that eight in 10 retirees are confident in their ability to live comfortably throughout retirement. According to the 2021 Retirement Confidence Survey, 72% of workers expressed confidence in their ability to retire comfortably, up three percentage points from last year.
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Biden’s Change in Inherited Real Estate — How It Might Affect You
By: Yaёl Bizouati-Kennedy
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April 30, 2021
|GoBankingRates
President Biden’s $1.8 trillion American Families Plan, unveiled before Congress earlier this week, includes a proposal to change taxes on inherited real estate. While the change is aimed at wealthy Americans, some experts argue it could affect middle class people as well.
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Will Bitcoin Ever Be Accepted Widely as a Form of Payment?
By: Gabrielle Olya
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April 29, 2021
|GoBankingRates
In March, Elon Musk announced that Tesla would allow customers to purchase its electric vehicles using bitcoin — but will other major brands follow suit?
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Is carrying a credit card balance actually a good idea to try to improve your credit rating?
By: Rich Exner
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April 29, 2021
|Cleveland.com
If you’ve been intentionally carrying a balance on your credit cards with hope of improving your credit score, you just may be making an expensive decision without getting any closer to your goal.
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