Retirement planning

seksan Mongkhonkhamsao | Moment | Getty Images1. Boost your 401(k) contributionsIf you haven't maxed out your workplace 401(k), there may still be time to boost your contributions for 2022, said Guarino.The move may lower your adjusted…

After a volatile year for the stock and bond markets, it may be time to rebalance your portfolio by shifting assets back to match your original goals, according to experts.  As of Nov. 28, the S&P 500 Index was down roughly 17%…

Charles Taylor | Getty Images1. If your income is higher in 2022, defer your bonus into 2023If you've had a strong year and expect lower earnings in 2023, you may try to defer a holiday bonus until the new year, experts say."It's always…

Ariel Skelley | Getty ImagesYou must 'itemize' to claim the charitable deductionWhen filing your return, you reduce your taxable income by subtracting the greater of either the standard deduction or your total itemized deductions — which…

MStudioImages | E+ | Getty ImagesIf you're one of the masses of new Series I bond owners, there are a few things to weigh before cashing in your assets, experts say.  Investors purchased nearly $7 billion in I bonds in October, according to…

If you make more than $1 million a year in Massachusetts, you may soon be subject to a "millionaire tax" approved by voters this week through a ballot initiative.The new law creates a 4% tax on annual income above $1 million, on top of the…

As Americans head to the polls, several key personal finance issues are weighing on voters' minds and wallets.This week, the Federal Reserve enacted its fourth consecutive 0.75 percentage point interest rate increase to fight inflation,…

Catherine Yeulet | Getty ImagesWhat the inverted yield curve meansGenerally, longer-term bonds pay more than bonds with shorter maturities. Since longer-maturity bonds are more vulnerable to price changes, investors expect a "premium,"…

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Shapecharge | E+ | Getty ImagesInvestors crashed the Treasury Department website for Series I bonds on Friday as they clamored to lock in a record-high interest rate before a key deadline.I bonds have proven to be a bright spot for…