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Wpadington | Istock | Getty ImagesWithout much fanfare, the U.S. Department of Education made available on Friday evening an early version of its student loan forgiveness application. A number of Republican legal challenges have been brought against the Biden administration's student loan forgiveness plan, risking to put the policy in jeopardy. Any borrower who has already received forgiveness will likely get to keep it, even if the courts block the President's plan. After a borrower applies for forgiveness, they'll receive an email confirmation from the Education Department, Kantrowitz said. Make sure your servicer, as well as the Education Department, has the most recent contact information for you.
From the "Great Resignation" to "quiet quitting" and even "quiet firing," there's a slew of new words that encapsulate the state of work today. Amazon, Meta, and other big tech firms have entered the "Great Hesitation." With economists and business leaders predicting a looming recession, leaders at large-cap tech companies are in an anxious waiting game — and they're starting to cut hiring and other costs as they prepare for the storm to hit. "I think all of these companies are in this so-called 'Great Hesitation,'" one tech-investment fund leader said. Injecting Amazon DNA into a startup by hiring its alumni is a common tactic, according to one 20-year Amazon veteran.
So far, results from the big Wall Street banks have been mixed, with JPMorgan and Citigroup beating but Morgan Stanley falling short of forecasts. He told CNBC on Friday that Thursday's wild reversal wasn't just a bear market rally and could be the start of a new upswing. "We are, in my opinion, coming to the end of this bear market," Scaramucci told CNBC on Friday. Is the stock market poised for a sustainable uptrend or still teasing with bear market rallies? But the stock market isn't out of the woods yet as there could be more pain in the short-term.
"It's the largest refundable tax credit in terms of dollar amounts," he said. David Newville senior program director at Code for AmericaYet the earned income tax credit still goes unclaimed. How to claim the EITCThe process for claiming the earned income tax credit on GetCTC.org is more involved than the child tax credit or stimulus checks. Unlike those other credits, the earned income tax credit requires at least some earned income that a worker can document with a W-2. From there, users can opt out and proceed to claim just the child tax credit and stimulus payments, if they prefer.
Powerball's jackpot is an advertised $420 million for Wednesday night's drawing. Mega Millions' top prize is even more: $494 million for the next pull, set for Friday night. Of course, the chance of a single ticket matching all six numbers drawn in either game is tiny: 1 in 292 million for Powerball and 1 in 302 million for Mega Millions. Nevertheless, it's worth giving thought to what you'd do if you were to beat the odds and land such a windfall. The process of figuring out how to handle a huge amount of money can take several months, Stanzak said.
The strategy, which transfers pre-tax IRA funds to a Roth IRA for future tax-free growth, may pay off when the market drops because you can buy more shares for the same dollar amount. Here are three of the biggest Roth conversion errors — and the best ways to avoid them. You'll need to compare the break-even point of the upfront levy on pre-tax contributions and earnings to future tax-free growth, she said. But even if the tax-free growth won't exceed the upfront costs during your lifetime, a Roth conversion can still be used as a "wealth transfer tool," Collado said. Of course, this assumes there are heirs to enjoy the future tax savings.
Power's North American Airport Satisfaction Survey, the company compiled over 26,500 surveys from US and Canadian residents who traveled through one or more airports in North America. The firm conducted surveys across three categories: Mega airports, large airports, and medium airports. Power defined mega airports as serving at least 33 million passengers annually. Take a look at 10 of the worst airports in North America, according to J.D. Power's surveys.
Only 25% of CFOs surveyed by CNBC support the SEC's climate disclosure proposal, according to the survey. More than half (55%) of CFOs are opposed to the SEC climate rule, and 35% say they "strongly oppose" it. Proving climate materialityA critical issue for CFOs with the new SEC climate disclosure is the lack of a clear correlation between the climate data and financial statements. The first task for CFOs on climate disclosure, Clayton says, is to be candid with investors and stakeholders about this disconnect. "We are not blanket defenders of ESG," said Martin Whittaker, founding CEO of ESG research nonprofit Just Capital, which releases an influential ranking of top companies on ESG annually.
With ongoing stock market volatility, high inflation and interest rate hikes, many wonder if we're heading for a prolonged economic downturn. "I think we have to be defensive," said certified financial planner Ivory Johnson, founder of Delancey Wealth Management in Washington, D.C. While it's impossible to predict exactly what will happen, financial advisors are preparing clients for whatever may be on the horizon. But Johnson has already warned clients about the possibility of more volatility, pointing to the Fed's rate hikes. There may be 'good opportunities'While Baker doesn't suggest major changes, there may be "good opportunities" — such as real estate — amid relatively high inflation due to yield and appreciation, he said.
More from Personal Finance:How student loan forgiveness will be applied to your debtsKey events on the path to student loan forgivenessHow to calculate your bill for student loan forgiveness Currently, more than 600,000 parents take out student loans for their children each year, up from around 450,000 in 2000, according to data provided by higher-education expert Mark Kantrowitz. The average outstanding Parent PLUS loan is about $30,000, he said. What if I have Parent PLUS loans and my own student loans? Currently, Parent PLUS loans come with an interest rate near 8%, compared with under 5% for undergraduate student loans. If you're still in debt after student loan forgiveness, you'll want to be prepared for the bills to resume in January.
Monkeybusinessimages | Istock | Getty ImagesMillions of Americans may receive reduced Social Security benefits if they worked in public roles as teachers, firefighters, police or government workers. "There just aren't that many legislative days left," said Maria Freese, senior legislative representative at the National Committee to Preserve Social Security and Medicare. Why public servants encounter reduced Social SecurityThe Social Security Fairness Act calls for repealing two titles of the Social Security Act that reduce or eliminate benefits for Americans who work in public service — the Windfall Elimination Provision and the Government Pension Offset. The Social Security Fairness Act would fully repeal both rules, thus making benefits more generous for those affected. 82 would need offsets not to have a huge financial impact on the Social Security trust funds, and it doesn't provide that," Sprick said.
watch now"Employees still see the 401(k) plan as the central thing they think about when they think about benefits at work," McDonald said. Start by maxing out the most that you can do — not the most that's allowed, but the most you can do — in your 401(k) plan. "Start by maxing out the most that you can do — not the most that's allowed, but the most you can do — in your 401(k) plan," McDonald said. The survey found 60% of employees are paying more attention to reviewing their financial benefits compared to a year ago. Moreover, 84% of human resource leaders say employees have requested financial benefits their companies do not offer, up from 78% in 2021.
Polina Lebed | Istock | Getty ImagesIn just a few weeks, tens of millions of Americans may be able to apply for student loan forgiveness. It said its application will be simple, but the federal student loan system is famously complicated. The Education Department will be considering people's so-called adjusted gross income, or AGI, which may be different than your gross salary. 2. Review your loan detailsMost federal student loans qualify for the cancellation. Recent news that some Republicans may bring a legal challenge against student loan forgiveness means the relief could be thrown in jeopardy.
Scientists have estimated the number of ants on earth, which is "unimaginable," a study author said. Per the study, there are 20 quadrillion ants on earth— 20 followed by 15 zeros. That's about 2.5 million ants per human. The astonishing number — 20,000,000,000,000,000 — means there would be about 2.5 million ants per single human living today. "We simply cannot imagine 20 quadrillion ants in one pile, for example.
Nice :-)Today, we've got an inside look at a niche underground market for used Amazon seller accounts — one where fraudsters are wreaking havoc and raising questions about identity theft. People are being bombarded with return packages from Amazon customers. Insider spoke to six victims whose identities were used by fraudsters selling items like bargain-bin clothing and counterfeit goods. Angry Amazon customers are buying and then returning dodgy products — and in doing so, they're bombarding strangers with monthslong deluges of mystery packages. Inside the underground market for used Amazon seller accounts.
Research has found that Black homeownership has declined. If the rate of Black homeownership were the same today as it was in 2000, there would be 770,000 more Black homeowners, according to the Urban Institute. watch nowEven as the U.S. homeownership rate surged to record highs in 2020, Black homeownership was still lower than it was a decade ago, according to the National Association of Realtors. Who qualifies for Citi's lending programCiti's HomeRun community affordable lending program is eligible to low- to moderate-income borrowers based on census data. In order to expand credit access for homeownership, Citi will look at alternative ways of assessing credit readiness, according to Frison.
Colombians are searching for Miami properties this year more than any other country's residents. COVID-19 caused a shift in preference from commercial to residential real estate as an investment. They see Miami real estate as a safe investmentWhy the turn to US real estate now? They see opportunity in residential real estate, as opposed to commercial real estate, like offices and retail spaces. "People were waiting to see who the next president was going to be, but now they're very afraid," Gomez said of Cipriani's Colombian buyers.
The sister of Meta CEO Mark Zuckerberg was speaking at the Global Supertrends Conference 2022 on Wednesday. The Web3 is a hypothetical, future version of the internet based on blockchain technology — an "ideal utopia," said Zuckerberg. "In order to really unlock the potential [of Web3], we're going to need to figure out a system where there's interoperability. Going mainstreamHowever, according to Zuckerberg, that's easier said than done because no company running a metaverse right now wants to give up control or "share that ownership." She added that Web3 needs experts who have been involved in the global banking system and Web2 — the internet that we know today — to lend a "protective layer."
Private equity is a rewarding but challenging field to break into. Here is what we found about pay at private equity firms, including Blackstone, Apollo, and Bain Capital. Private equity recruiting has been starting earlier than ever Getty ImagesPrivate equity firms like to recruit from investment banks. These days, the private equity recruiting process has started earlier than ever, and it's resulting in middle-of-the-night interviews with offers being made — and blown up — all before Labor Day. General Atlantic managing director Alex Crisses walked Insider through the growth-equity investment firm's elite summer souring internship.
Persons: Jeffrey Hamilton, Alyssa Powell, Blackstone, Samantha Lee, Drew Angerer, Skye Gould, Jon Gray, Grace Koo, Read, Sara Diniz, Carlyle, Alex Crisses, Thoma Bravo, , Warburg Pincus, Wharton's, Axel Springer Organizations: Blackstone, KKR, Morning, Getty, Apax Partners, Oaktree, of Foreign Labor, Apollo, Bain Capital, Labor, KKR KKR, General Atlantic, PJT Partners, Partners, dealmakers, Wall, University of Michigan Locations: Carlyle, Blackstone, Axel
A tax rule will make it difficult for psychedelics companies to generate profits in Oregon. Because cannabis and psilocybin are federally illegal, 280E affects businesses even in areas where the substances are locally legal. According to Harris Bricken, an international law firm, psilocybin businesses in Oregon could face challenges like those that cannabis companies faced. "There's still a pretty big cloud around how to successfully manage a 280E tax liability," he said. Getty ImagesIt's still unclear which companies in Oregon 280E would directly affect.
Generally speaking, there are two types of cash back credit cards: those that solely earn cash back and those that can earn rewards that are part of a larger travel rewards program. iStockAt CNN Underscored, we’ve picked the Citi Double Cash Card as our best overall cash back credit card. The Capital One SavorOne Rewards Credit Card is an excellent cash back credit card where you’ll earn 3% cash back on dining, entertainment, popular streaming services and at grocery stores — with no cap. Although marketed as “cash back” there are some credit cards that can earn you travel rewards instead. However, you’ll need to pair the cash back credit card with another premier credit card within the same credit cards rewards program.
Delta SkyMiles Reserve Amex review
  + stars: | 2022-03-17 | by ( Darren Murph | ) edition.cnn.com   time to read: +16 min
The Delta SkyMiles Reserve card also earns 3 miles for every dollar you spend on eligible Delta purchases — these miles are Delta SkyMiles, deposited directly to your Delta frequent flyer account. Advantages of the Delta Reserve credit cardUse the Delta Reserve credit card to gain entry to the Amex Centurion Lounge at LAX. Disadvantages of the Delta Reserve cardThe Delta Reserve card has great perks, but its earning rates aren't as competitive. KEY DETAILS Citi Double Cash Card Delta Reserve Card Card type Mastercard American Express Sign-up bonus None. So if you’re looking to increase your stash of Delta SkyMiles and MQMs, the Delta SkyMiles Reserve could be a card to consider.
Chase Freedom Flex categories: 5% bonus cash back
  + stars: | 2022-03-15 | by ( Julian Kheel | ) edition.cnn.com   time to read: +6 min
Make your Chase Freedom Flex cash back go even furtherIn addition to earning 5% cash back on the rotating categories, the Chase Freedom Flex also comes with a trio of fixed bonus categories. Convert your Chase Freedom Flex cash back to Ultimate Rewards points and redeem them for travel at a higher rate. Pair the Chase Freedom Flex and take advantage of its bonus categoriesRegardless of whether you’re interested in cash back or travel rewards, the Chase Freedom Flex is a useful credit card to have in your purse or wallet. If you’re interested in travel, get a Chase Sapphire Preferred or Chase Sapphire Reserve to go with the Chase Freedom Flex, and convert your Freedom Flex cash back to travel points, increasing their value and opening up multiple additional redemption options. If you prefer cash back, pair the Chase Freedom Flex with another credit card that earns a higher rate on purchases outside the bonus categories.
Best life insurance policies for seniors in 2023
  + stars: | 2022-03-11 | by ( Holly Johnson | ) edition.cnn.com   time to read: +7 min
Term life insurance for seniorsWhile some types of life insurance are permanent, term life insurance for seniors lasts only for a specific term or time frame, usually 10 to 30 years. Keep in mind that term life insurance for seniors typically requires a medical exam, although the coverage amounts you can qualify for with term policies can be higher than no exam life insurance alternatives. Whole life insurance for seniorsSeniors can get guaranteed issue whole life insurance policies, but it'll cost more and coverage will be lower. No exam life insuranceNo exam life insurance for seniors is the same as guaranteed issue coverage. iStockGuaranteed universal life insurance is a popular option for older people whose existing term life insurance policies have expired or are about to expire.
6 best ways to use Delta SkyMiles in 2023
  + stars: | 2022-03-10 | by ( Jennifer Yellin | ) edition.cnn.com   time to read: +9 min
Delta is part of the SkyTeam alliance, meaning you can use your Delta SkyMiles earned from these credit card offers with many partner airlines such as Aeromexico, Air France, China Eastern, KLM, Korean Air, LATAM, Virgin Atlantic and WestJet. Delta personal credit card offersDelta business credit card offersiStockWith the SkyMiles that are on offer in mind, here are six of our top ways to redeem your SkyMiles with Delta and its partner airlines. You have two options when looking to use your SkyMiles: fly directly on a Delta plane or book through its partner airline WestJet. Thanks to the partnership, you can use your Delta SkyMiles to visit many destinations throughout the continent. DeltaUltimately, Delta SkyMiles can be tricky to use.
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