Financial News Features

“I can’t say there was a silver lining that came from the pandemic, but Americans did learn valuable lessons,” says Howard Dvorkin, a certified public accountant and Debt.com chairman.

In a sign of the times, a new issue is facing Americans who are starting divorce proceedings: Who gets to keep the cryptos? While common issues such as splitting assets and houses, child custody and even pet custody, can already be complicated, adding cryptos to the mix is an increasing concern and makes the situation thornier.

The frenzied spring housing market sometimes makes it seem like everyone is buying a home at once. But many renters can’t afford to buy a home in an expensive housing market or aren’t sure if they want to buy.

Since March 2020, federal student loan payments have been on pause — with no payments required, no interest charged and all collections activities on hold. However, this period of administrative forbearance is set to expire on Sept. 30, 2021, meaning all payments will resume on Oct. 1.

As much flack as millennials get for their bad financial habits, they actually are pretty good savers. A recent survey conducted by Bank of America found that 73% of millennials are actively saving money and more than half (59%) have $15,000 or more in savings. Perhaps even more impressive, the survey found that nearly 1 in 4 millennials (24%) has $100,000 or more in savings. And while that seems impressive, is that actually enough?

It’s everyone’s favorite time of year: tax season! This year individuals have until May 17 to file their 2020 federal income taxes (versus the pre-COVID-19 date of April 15, which only quarterly payers need to heed).