Suze Orman says, ‘We’re heading downhill very fast,’ unless employers start providing this lucrative benefit to their workers #business

Americans trying to save some cash for unforeseen expenses are up against a lot — months of red-hot inflation, wages that don’t keep up, the sheer difficulty of delayed gratification in a time when people spend billions of dollars online in one day. It’s hard to put money aside for a rainy day. Indeed, personal-finance […]

Genesis meltdown: Why investors are worried about bigger problems for crypto #business

Investors are worried that liquidity problems for crypto financial-services firm Genesis could spill over to its parent company, Digital Currency Group, and damage the already battered crypto market even further, after Genesis’s lending arm paused withdrawals last week.  Genesis has been trying to raise at least $1 billion from investors and warned that it may […]

‘My elderly relative determined she could no longer care for herself’: Are her assisted-living facility costs tax deductible? #business

I have an elderly relative in an assisted-living arrangement in Indiana. She was basically directed to go there from a rehabilitation post-surgery, because they determined that she could no longer care for herself. Monthly living costs include room/board, cost for diabetic care and fees for a package of moderate nursing assistance (which can increase or […]

Most retirees and near-retirees are worried about the stock market and inflation. Here’s what they’re doing about it.  #business

The declines in the stock market, surging inflation and rising interest rates have eroded investors’ confidence about their retirement, according to a new report by Janus Henderson Investors. A total of 45% of investors said they felt less confident in their ability to have enough money to live comfortably throughout retirement, and 9% have hired […]