money

Workers return to the office, but where's the boss?

As more and more employees return to the office, they find their boss isn't there.
According to a recent report by Future Forum, a consortium formed by Slack with founding partners Boston Consulting Group, MillerKnoll, and Management Leadership for Tomorrow, non-executives are nearly twice as lik...

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IRS takes another step toward digitizing its tax return process

The Internal Revenue Service is approaching the digitization of the 21st century.
Three companies - Ripcord, Brilliant Corp. and Resultant/KSM Consulting -- are moving into the next and final phase of the agency's IRS pilot program, which will allow the IRS to test and implement technical solutio...

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Why many employers have ditched 4-year degree requirements

John Williams heard about the training through his former high school and decided to give it a try.
At the time, Williams, now 22, was finishing his associate degree in computer science at Wilbur Wright College in Chicago while working part-time in a restaurant.
He was accepted into this training...

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Housing expert: ‘Diehard New Yorkers’ are buying up NYC homes at record pace

Homebuyers are flocking to Manhattan despite rising mortgage rates, according to new analysis, as sales hit a record $7.3 billion in the first few months of the year.
According to the report by Miller Samuel and Douglas Elliman, the number of sales in the New York Borough reached 3,585 in the fir...

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Some Americans are house hacking their way to homeownership and rent-free living

After calculating single-family home numbers, Christopher Lynch decided that a $2,200 monthly mortgage payment wouldn't work, but he knew he wanted to own a home and build equity.
"I didn't want to rent anymore and wanted to keep my bills as low as possible," says the 29-year-old.
It was at this ...

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Taxes 2022: IRS says this year 'taxpayers are getting our message'

According to the IRS, an estimated 160 million tax returns will be filed this year, and so far the tax season has been smooth.
The tax authority processed 6.6% more tax returns compared to the previous year, although so far it has received 2.1% fewer tax returns from taxpayers.
And according to K...

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Mortgage rate trap is making the housing market worse

A big factor that has helped numerous homeowners save money is ultimately hurting homebuyers. Call it the interest rate trap.
Years of historically low interest rates, particularly in the last two years, have helped millions of homeowners refinance into mortgages with interest rates between 2% an...

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Expert: Retirees returning to work should skip 'career obituary' when job-hunting

For older workers who have retired and are considering returning to work, the tight labor market holds promise.
"There's a wide range of opportunities that people pursue after retirement," Kimberly Schneiderman, career coach and senior practice development manager at Randstad RiseSmart, recently ...

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Economist: ‘Retirement for most people is financial suicide’

Laurence Kotlikoff, the brash Boston University economics professor and Social Security expert, doesn't mince his words.
"We Americans are pretty sick financially," he writes in his new book, Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life, before listing all the f...

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NCAA athletes face tax consequences following rule change on earning money

Now that college athletes can make money off their Name, Image, and Likeness (NIL) after the NCAA passed new rules in June 2021, they could be in for a costly surprise from Uncle Sam.
Money made from social media accounts and perks like free shoes, a clothing allowance, or use of a car can be tax...

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High housing costs are driving some to seek untraditional living arrangements

Gary Grewal has moved a lot in recent years. First there was Denver. Then Chattanooga, Tennessee. Then Dallas. Then Austin, Texas. Grewal's job as a financial planner gives him the flexibility to work from anywhere, but his longstanding desire to buy a home keeps him from settling anywhere.
"Righ...

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First-time buyers skip starter houses and go straight for bigger homes

Shaun Martin and his wife Jennifer have been looking for homes in the Denver market for almost a year, but they don't want to buy just any home for the coveted homeowner's title. They want their dream home and bypass the fixer upper house to find exactly what they want.
"We want a house that's re...

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Housing prices and interest rates ‘aren’t going back down,’ expert says

Mortgage rates rose to their highest level in two years, putting homebuyers on high alert as further increases were on the horizon.
"Things aren't going back," Debbie Boyd, CEO of DLB ​​Financial Services, told Yahoo Finance Live (video above). “So we have to stop thinking this is a bubble and ju...

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Housing: Homebuyers confront 'an abnormal' market for yet another year

Less than a month before the start of the traditional home selling season, buyers are once again faced with a brutal housing market.
Not enough inventory to sell, high prices and now rising mortgage rates have created a trifecta of obstacles for homebuyers.
"We're in an abnormal housing market," ...

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