PERSONAL FINANCE
4 Things to Know Before Paying for CollegeThe tuition cost for one year of college can range from $20,000 to $65,000, which can make parents worry about their own futures, but there are ways to pay for your child's college without draining your retirement funds.
Limitations for High-Income TaxpayersHigh-income taxpayers will face caps on tax breaks when they file their tax returns next year. This means they might not be able to deduct all of their home mortgage interest or charitable contributions.
Student Loan Borrowers Express RegretOnly 39% of student loan borrowers fully understood the burden of student loan debt and the majority have at least some regret. As a result of student loans, these graduates put off retirement contributions, buying a house and marriage.
Shrinking U.S. Deficit Charges the Political BattlefieldIt is hard to remember how U.S. politicians behaved when the deficit was not their overriding electoral concern. By late next year, we may be finding out since the U.S. deficit is on a remarkably rapid decline, according estimates.
Which Parent is Better for Financial Discussions?Just in time for Mothers Day, two surveys report conflicting results on the money management skills of moms. One says moms give children more detailed financial conversations, while another says children find their mothers uncomfortable with managing money.
The Biggest Financial WorriesMore than half of Americans are worried about their personal finances, but it’s still the lowest level since before the recession. Plus, middle-aged Americans are the most likely to worry about various personal finance matters.
Most Awkward Money MomentsDespite how open people can be about the intimate details of their lives, money is one topic that people are uncomfortable discussing. In fact, nearly half of adults get squeamish around potentially awkward money moments.
Fed Faces Calls for Radical ReformA senior Republican congressman wants to appoint a bipartisan commission that could mean a radical change in the mandate of the Federal Reserve. The bill is one of the most serious attempts to revamp the Fed for years.
Financial Stresses Taking a Toll on HealthAmericans are looking at smaller paychecks as a result of increased payroll taxes and it’s really affecting their health. Those feeling financial stress report sleeping less, eating more junk food and getting sick more often.
Clueless about Student Loan CostsHigh school seniors are slightly clueless about student loans. Nearly half don’t know how much money they’ll need for college and more don’t understand basic loan terms, according to a new survey.


