The Latest Breaking News on Personal Finance

What you need to know about Your First Home scheme for first-time buyers

Government announcement sparks a rally in FTSE-listed housebuilders, but there are still a lot of unknowns

The Guardian - UK · Sep 28

Couples Who Earn Very Different Salaries: The Money Fights That Start In Year One

When two people fall in love, a salary gap may not seem like a relationship problem—until rent, vacations, retirement contributions, and everyday spending become shared decisions. For couples with different salaries, the first year of combining financial lives can expose disagreements that never surfaced while dating. One partner may earn…

Budget and the Bees · Sep 28

Money Market Yields Slide After the September Fed Cut—When to Move Cash to a CD

Money market yields are moving after the Federal Reserve’s September decision, but there is a twist worth catching before moving a pile of cash. The Fed raised its benchmark rate by a quarter point on September 16, taking the target range to 3.75% to 4%.

The Free Financial Advisor · Sep 28

Should you lock into a fixed-rate savings account paying 5.25%?

Savers face a dilemma: lock down the deals now or wait, with offers tipped to ‘get even better’

The Guardian - UK · Sep 28

Retirement planning: Why costs, asset allocation, and compounding matter more than chasing returns

A pension is not really a lump sum. It is years of groceries, medicines and bills paid out across a 25-year or longer retirement. Hence, the real enemy is not the market, but inflation—slowly eroding what your rupee buys. After a strong decade, it is wiser to expect a little…

The Economic Times · Sep 28

Your House Makes You a Millionaire on Paper — Here’s the Retirement Trap That Creates

A $1 million house can make a homeowner a millionaire on paper without putting $1 million in the bank. That distinction becomes much more important after the paychecks stop, because a home can build enormous wealth while producing very little spendable income.

The Free Financial Advisor · Sep 27

Divorced at 45? These 7 Money Decisions Can Matter More Than Who Gets the House

Divorce at 45 can turn a comfortable financial routine into two separate balance sheets almost overnight. The house may attract the most attention, but retirement accounts, debt, taxes, insurance, and future income can shape the next 20 years even more.

Clever Dude · Sep 27

$500,000 in a 401(k) and $100,000 in Cash: Spending the Wrong One First Can Raise Your Medicare Premium Two Years Later

A retiree with $500,000 in a 401(k) and another $100,000 sitting in cash has more than a simple spending choice. Taking money from the 401(k) can increase taxable income, and that income can affect Medicare premiums two years later.

The Free Financial Advisor · Sep 27

The Raise Was $5,000 — Here’s How Much Might Actually Reach the Bank Account

A $5,000 raise sounds like an extra $416.67 a month, but that is not what most employees will see in their checking accounts. Federal income taxes, Social Security and Medicare taxes, state taxes, and workplace benefits can all reduce the increase. Depending on where you live and how your benefits…

Budget and the Bees · Sep 27

How EPFO wage ceiling reset will change PF contribution math

The Employees' Provident Fund Organisation has changed the mandatory wage ceiling from Rs 15,000 to Rs 25,000 as of September 17. This shift is expected to enroll one crore more workers into the social security net. Employees earning up to Rs 25,000 will now have a mandatory PF contribution of…

The Economic Times · Sep 27