Category: personal finance

Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 18)

Benchmark U.S. crude oil for May delivery rose 3 cents to $80.86 a barrel Tuesday. Brent crude for June delivery rose 1 cents to $84.77 a barrel. Wholesale gasoline for May delivery fell 2 cents $2.75 a gallon. May heating oil fell 1 cent to $2.60 a gallon. May natural gas rose 9 cents to…


It’s Just the Right Thing to Do

Dear Dave, I’m about to start paying off debt in Baby Step 2, but there’s a motorcycle loan my ex-girlfriend took out for me. I crashed the motorcycle and sustained some injuries. After two months of litigation, I received a settlement of about $15,000 that was just enough to cover the loan. Do I use…


Investing in a Recession? Keep These 6 Factors in Mind

Recessions are a hot topic—and never far from any investor’s mind. It’s a sad fact of life that these periods are inescapable—sooner or later, the economy starts shrinking, asset prices drop, and the stock market takes a nosedive. In such circumstances, it is natural to enter damage control mode. However, entering damage control the wrong…


Apple Partners with Goldman Sachs to Offer Users High-Interest Savings Accounts

Apple continues to build on its fintech presence, announcing a new Apple Card savings account offering users an attractive 4.15 annual percentage yield. The tech juggernaut is partnering with Goldman Sachs. Clients can create an account from the Wallet app on their iPhone devices, but users must have an Apple Card to open the savings…


Today Is the IRS Tax-Filing Deadline: Here’s What You Need to Know

The deadline has finally arrived for filing 2022 tax returns, with some last-minute tax-filing tips potentially proving helpful to taxpayers. The tax-filing deadline this year is midnight on April 18 because the regular date of April 15 falls on a weekend, followed by a Monday holiday in the District of Columbia. Tax returns can be…


Positive and Negative Aspects of Filing a Tax Extension

Filling out all your tax forms can be a time-consuming task. If you are short on time, you have the option of filing a tax extension. Once you do, it will give you another six months (until October 16) to get accurate paperwork to the Internal Revenue Service (IRS). Asking for a tax return extension…


Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 17)

Benchmark U.S. crude oil for May delivery fell $1.69 to $80.83 a barrel Monday. Brent crude for June delivery fell $1.55 to $84.76 a barrel. Wholesale gasoline for May delivery fell 7 cents $2.77 a gallon. May heating oil fell 3 cents to $2.61 a gallon. May natural gas rose 17 cents to $2.28 per…


Retiring? If You Need a Home Loan, Get One First

Retired engineers Kelly and Derek Barkey assumed they would be approved when they applied for a $50,000 home equity line of credit two years ago to fix up their new house. The Barkeys, now 56 and 59, had just sold their longtime home in Southern California and paid cash for a house worth about $850,000…


JPMorgan CEO Sees Risk of More Bank Failures

JPMorgan CEO Jamie Dimon said during an earnings call that he believes more banks could fail in the United States, but that he thinks the worst of the banking turmoil may be over and that things have calmed down “quite a bit.” Dimon said on the call that there’s a relatively low number of U.S. banks…


ANALYSIS: IRS Under Biden Taxing Americans More Than Trump

The amount of taxes collected from Americans under President Joe Biden has soared compared to former President Donald Trump’s tenure, while tax enforcement has also risen, an analysis of Internal Revenue Service (IRS) data shows. The IRS collected a total of $4.9 trillion in taxes for fiscal year 2022 (Oct. 1, 2021 to Sept. 30, 2022), according…