This 32-year-old grosses $431,000 a year from real estate investments—how he earns passive rental income

I always tell people that real estate has the potential to be a great investment. But getting started can be daunting. As a real estate investor for eight years, I’ve found that the key is to take small steps. When I first started investing at age 23, I set a modest goal to make a … Read more

18% of Americans plan to increase stock market investments this year

Thianchai Sitthikongsak | Moment | Getty Images The stock market’s roller-coaster ride is not inspiring confidence in investors. Still, a small portion do plan to take advantage of recent price dips. About 18% of Americans are willing to put more money into stock market investments this year, including retirement accounts, according to a recent survey … Read more

Tying the knot this year? Add ‘marriage tax penalty’ to potential cost

Gorodenkoff | Istock | Getty Images If you’re happily saying “I do” this year, be aware that the IRS can be a real buzzkill. While many couples end up paying less in taxes after tying the knot, some face a “marriage penalty” – meaning they end up paying more than if they had remained unmarried … Read more

How to buy more than $10,000 in nearly risk-free I bonds this year

Chris Ryan | Getty Images I bonds have surged in popularity as riskier assets slip. The bonds are backed by the federal government, the principal does not lose value and the bonds earn monthly interest through two parts, a fixed rate and a variable rate. Currently, the variable component will pay a record 9.62% annual … Read more

Social Security may have underpaid students by about $59.5 million

Kevin Dodge | The Image Bank | Getty Images About 14,470 students may have been underpaid $ 59.5 million in Social Security benefits, according to estimates from the Social Security Office of the Inspector General in a recent audit. The organization, which provides independent oversight of the Social Security Administration’s programs and operations, conducted an … Read more

How one non-profit is helping single moms disrupt the cycle of poverty

Nirat | Istock | Getty Images It’s no secret the Covid-19 pandemic has been tough on millions of moms. Trying to juggle work amid ongoing child care uncertainties has left many mothers frustrated into the third year of the pandemic. While tough choices between work and parenting were a shock for middle- and upper-income women, … Read more

How to teach your kids to have a healthy relationship with money

Many parents intend to teach their children to have a healthy relationship with money but end up falling short – even though a majority say personal finance lessons are best taught at home. Some 83% of adults say parents should teach their kids about personal finances, according to a CNBC + Acorns Invest in You … Read more

Social Security taxes up to $147,000 in wages. That could change

Golibtolibov | Istock | Getty Images Taxing the wealthy is a big topic in Washington these days. President Joe Biden recently proposed in his 2023 annual budget a so-called billionaire minimum income tax that would increase levies on the country’s wealthiest households. Under the plan, people with a net worth of $ 100 million or … Read more

Many cash-strapped Americans feel sting as the cost of living spikes

Benjamin Gibson, a pharmacist in San Antonio, Texas, makes more than $ 100,000 a year and owns his own home. And yet, Gibson, 40, struggles to afford basic necessities, including groceries and gas. “When you are used to spending a couple of dollars on fruits and vegetables and then you’re paying a lot more, it … Read more

Students at this high school are learning to invest with real money

The Gray Bee Investors researching potential investments during a recent meeting. Mike Scanlan There’s real money on the line for the investing club at St. Benedict’s Preparatory School in Newark, New Jersey. This year, the Gray Bee Investors club – made up of about 15 high school students – is helping make investment decisions for … Read more