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Guido Mieth | DigitalVision | Getty ImagesBorrowers hoping for student loan forgiveness have just a few more days to act before an April 30 deadline. Those payments are typically lower than under the standard repayment plan, and can be zero in some cases. Usually, a student loan consolidation restarts a borrowers' forgiveness timeline, making it a terrible move for those working toward cancellation. What to know about consolidating your student loansAll federal student loans are eligible for consolidation, including Federal Family Education Loans, Parent Plus loans and Perkins Loans, Kantrowitz said. You can apply for a Direct Consolidation Loan at StudentAid.gov or with your loan servicer.
Persons: Guido Mieth, Mark Kantrowitz, Kantrowitz, Biden Organizations: DigitalVision, Getty, CNBC, Finance, Federal Family, Parent, Perkins Loans
In general, it's pretty easy to make decent potatoes — but here are my best tips for making truly great ones. Be mindful when choosing the kind of potato you're cooking withWaxy potatoes, like red potatoes, are best boiled or sliced and roasted since they maintain their shape and texture. Buying potatoes with dirt is no big deal, but avoid green spotsWhen buying potatoes, a little dirt is totally fine. Salt potatoes to upgrade their textureLove it or hate it, salt is the key to making a lot of things taste great. Despite what many people think, cooking potatoes on a bed of salt isn't going to make them super salty.
Persons: , Krzeminska, Guido Mieth Organizations: Service, Business
Guido Mieth | Stone | Getty ImagesAs millions of Americans start filing returns, experts warn that last year's tax withholding errors could trigger an unexpected bill. The IRS requires tax payments throughout the year and many workers do that via automatic employer paycheck withholdings. By contrast, you may see a tax bill if you didn't pay enough. For filers with multiple jobs, withholding issues are "always a surprise," according to certified financial planner JoAnn May, principal at Forest Asset Management in Berwyn, Illinois. If you didn't adjust your withholding to reflect your new single status, you may not pay enough taxes during the year.
Persons: Guido Mieth, JoAnn May, it's, you've, John Loyd Organizations: Asset Management Locations: Berwyn , Illinois, Fort Worth , Texas
AdvertisementWhen healthy plants received warning messages from damaged plants, they lit up like a light bulb, which the scientists recorded using a special microscope that detects certain chemicals as light. These compounds enter healthy plants through pore-like holes called stomata, and travel throughout the leaf, spreading the information around the plant. Scientists think healthy plants can use warning signals from damaged plants for defense. The scientists separated healthy plants from damaged plants but chemicals were able to pass between the plants via an air pump. There is no border between animals and plants," Toyota said.
Persons: , Masatsugu, Guido Mieth Organizations: Service, Business, Toyota, Saitama University, Nature Communications, Masatsugu Toyota, Saitama University Yes, Saitama University Toyota, Getty Locations: Saitama
"If you can't commit to being there [at least] three years, don't buy," said Elliott. Benefits of ownership are 'vastly overstated'Richard Newstead | Moment | Getty ImagesThe financial benefits of homeownership are "vastly overstated," Boudreaux said. For one, a financial assessment of affordability is incomplete if consumers only compare monthly rent and mortgage costs. Secondly, a tax deduction for mortgage interest isn't as valuable as it once was, Boudreaux added. Jude Boudreaux senior financial planner with The Planning CenterIn a general sense, it's also more difficult to get the financial benefits of a tax deduction.
Persons: Kamila Elliott, Elliott, Boudreaux, Guido Mieth, There's, landscapers, Richard Newstead, Trump, Jude Boudreaux, it's, Laurie Goodman, Christopher Mayer Organizations: Wealth Partners, Urban Institute, Columbia University . Home Locations: Atlanta
Jamie Grill | Getty ImagesWhen you're on a tight budget, It can be tough to decide between contributing to your retirement savings or to your emergency fund — especially during periods of economic uncertainty. Although the 401(k) contribution limit jumped to $22,500 for 2023, experts say you shouldn't forgo emergency savings to max out your plan. More than half of savers are prioritizing short-term financial goals in 2023, including emergency savings, according to a recent study from Fidelity Investments. While maxing out your 401(k) should be the goal, your emergency savings is also important, she said. If your emergency savings are short after that, you should "definitely" divert any additional funds to build up that cash reserve, she said.
What the Fed's rate hike means for youThe federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. As the federal funds rate rises, the prime rate does, too, and credit card rates follow suit. After rising at the steepest annual pace ever, the average credit card rate is now 19.9%, on average — an all-time high. Student loans Federal student loan rates are also fixed, so most borrowers won't be impacted immediately by a rate hike. Savings accounts On the upside, the interest rates on some savings accounts are higher after a run of rate hikes.
"You have to have an emergency savings account, whether you're in recession or not in a recession," Orman said. Americans living paycheck to paycheckThere's never been a better time to have emergency cash set aside. A new survey from Bankrate.com finds that most adults — 57% — are unable to afford an emergency $1,000 expense. At the end of a year, people are often surprised by the sums they save, whether it be $600 or $1,000, Orman said. "Once you start seeing how easy it is to save, the more you like to save," Orman said.
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