President Donald Trump and Republican officials have made clear in recent months that they want roll back student loan forgiveness, including longstanding programs that historically have had bipartisan support. Programs are being targeted on multiple fronts through executive actions, legal challenges, and legislation. The net result is a heightened degree of uncertainty for millions of student loan borrowers. Many loan forgiveness programs require years of payments before someone can qualify for student debt relief, and borrowers often make key personal and financial decisions premised on the promise of eventual loan forgiveness. But the landscape for borrowers is more volatile than…

Setting financial goals might feel cliché, but without a clear destination, you’re simply drifting—moving without knowing where you’re headed. Taking a little time to write down your financial goals can make a huge difference. Whether it’s building an emergency fund, paying off debt, saving for retirement, starting a business, traveling more, or finally finishing your estate plan, writing them down helps clarify your vision. Be as specific as possible while keeping your expectations reasonable and achievable. Why you’re not alone In today’s economy, not everyone is thriving. Some are living paycheck to paycheck, some are drowning in debt, others are…

New Policies Have Angered Staff and Inmates The Bureau of Prisons (BOP) has been in a tailspin for the past 10 years. Many of the problems the Agency faces are not brought on by the people or leadership, it is neglect in funding and oversight that has put the BOP at the bottom of places to work in the government along with a host of problems. While the central problems have been staffing shortages, aging institutions and a limit in halfway house capacity, new policy decisions are angering both staff and the inmate population. The BOP announced that non-U.S. citizens,…

A Renewed Student Loan Reckoning After a three-year pandemic pause, the student loan system is at a critical inflection point. As payments resume, borrowers face a looming student loan reckoning, with delinquencies surging and credit scores plunging​. The White House ended the student loan payment pause in October 2024, marking the first time that millions of Americans were required to repay their federal loans in four-and-a-half years. Early data shows fewer than half of borrowers are making payments. Over 9 million borrowers are delinquent and counting. Against this backdrop, one policy expert has proposed a novel solution: Credit borrowers $500…

Tariffs or no tariffs, you need a core holding to carry you through the next 30 years. Our sortable scorecard of 52 Best Buys will take you to it. Buy the dip? That takes some fortitude, when world trade is on the verge of collapse, consumers are frightened and businesses can’t plan anything. The U.S. stock market, as measured by the Vanguard Total Stock Market fund, sank a convulsive 5% yesterday. But don’t see the crash as a buying opportunity, or as a selling opportunity either. Take it as a reminder that your stock portfolio is a long-term asset. Your…

Tom Corley’s research in Rich Habits unveils a surprising revelation that 41% of self-made millionaires share a common origin in poverty, challenging conventional notions about the impact of financial background on future success. The lives of Individuals like Derik Fay, the strategic mind behind 3F Management; Richard Branson, the trailblazer who founded the Virgin Group; and Howard Schultz, the visionary architect of Starbucks SBUX SBUX , lives shed light on how adversity and lack of can serve as a blueprint for financial success. Willingness To Take Risks Corley’s research emphasizes that growing up poor endows individuals with a unique comfort…

The Federal Reserve releases its Survey of Consumer Finances every three years. One of the most detailed datasets collected on domestic wealth, the last report looked at 4,602 households between 2019 and 2022, calculating wealth based on real estate, stocks, bonds, bank and retirement accounts, cryptocurrencies, and more. It then subtracted liabilities—mortgages, auto loans, credit card debt, and student loans—to determine net worth. Though such a thorough examination led to many revelations, one stood out more than the rest. In 2022, the average (mean) net worth of American families topped $1 million for the first time, up 42% from $749,000…

Whether you dream of retiring ASAP or working forever, prepping for a secure retirement is a smart move. As someone who has been helping people plan for retirement for several decades, I’ve met many looking to retire by the age of 60 or, if possible, sooner. Keep reading as we share some of the steps needed to retire by the time you reach your 60s. How Much Money Do You Need To Have Saved To Retire At Age 60? If you just want to be on track to retire at your full retirement age (67), you should have at least…

On Wednesday, Donald Trump signed an executive order setting up even more tariffs calculated on a reciprocal basis. The administration has created a tit-for-tat trading policy for U.S. interactions with virtually the entire world as well as a 10% base tariff on imports. Their theory stands in sharp contrast with decades of international trade and geopolitical practices and policies. Economists and experts in foreign policy, trade, and business are warning that this approach could be disastrous and potentially land the country in significant stagflation, which the economy would see a major slowdown, inflation would rise, and unemployment might also head…

The U.S. Department of Education took a key step on Thursday to initiate a process that could result in major changes to several federal student loan forgiveness and repayment programs. The department issued a formal notice of its intent to initiate negotiated rulemaking, a process under federal law that allows officials to update or change regulations governing various federal student loan programs. According to the notice, the department will focus specifically on Public Service Loan Forgiveness, Income-Contingent Repayment, and Pay As You Earn – popular programs that offer student loan forgiveness to borrowers after years in repayment. “This process will…