Forfeited funds can translate to that much less money available to donate to people in need or spend at struggling local businesses. And, unless something changes, anyone who forfeits money will have to shell out extra cash: If you leave $1,000 behind and it didn't go to its intended tax-advantaged purpose, you'll have to pay taxes on it.
It's a big enough problem that legislators in Washington are now trying to solve it. But first, a brief reminder on how these accounts are generally supposed to work when things are more normal, which I prepared with an assist from Jody L. Dietel. She's a senior vice president at HealthEquity, which owns an administrator called WageWorks , and is a 30-year veteran on the tax-advantaged workplace benefits plan scene.
Many things are taking place:
2020 WWE Money in the Bank predictions: Favorites, darkhorses and longshots to win the briefcases
With WWE Money in the Bank taking place Sunday, fans can look forward to one of the most anticipated matches in history. This year's annual Money in the Bank ladder matches will be different than ever before, with the competitors battling from the ground floor of WWE headquarters to the roof of Titan Towers where they will attempt to retrieve the briefcases containing a guaranteed world title shot. The "climb the corporate ladder" stipulation isn't the only difference this year, however.
Money in the Bank ladder matches can oftentimes be difficult to predict, but we have broken the competitors for this year's unique edition down into three categories: The Favorites, The Darkhorses and The Longshots. So let's take a look now at who landed in each category.
Coronavirus: Six money-saving ideas for lockdown and beyond - Trends Wide
Books for married couples to get better with money
More than 70% of married couples choose to completely combine their finances, according to Kasey Eickmeyer, a postdoctoral researcher at Rutgers University .
It's important for couples to understand that "marriage is a legal merger between two people," says Kristin O'Keeffe Merrick, a financial advisor of O'Keeffe Financial Partners . That means any irresponsible financial decisions your partner makes become your problem, and vice versa.
Buying a home, saving for retirement and taking on debt are all big money moves that you and your partner will likely end up making at one time or another. In order to manage these moments well, it's important that you trust one another, can act as a team and are on the same page about your finances, O'Keefe Merrick says.
And here's another article:
What New College Grads Need to Know About Their Money - WSJ
Should you put money in a savings account? - News - Missouri State University
Dr. Jeff Jones , certified financial planner and department head of finance and general business at Missouri State University, explains to U.S. News and World Report Money why it’s still a safe move to make.
Stimulus money to come later than projected for millions
After weeks or more of delay, another round of stimulus cash is set to go out soon and finally reach some lower income families who desperately want to know the whereabouts of their Economic Impact Payments.
The Internal Revenue Service plans to put those stimulus payments automatically on existing Direct Express cards.
The original plans called for delivery of some of that money by early May but somehow that did not work out as advertised.
Here's everything I'd pay good money for as the coronavirus quarantines drag on - nj.com
I'd pay $150 for a perfectly cooked steak, served hot, with a glass of wine. (Staten Island Advance/ Jan Somma-Hammel)
I would pay $10 for someone to unload my dishwasher. I recognize this isn't a lot of money, but we're running it two or three times a day lately, so there is an opportunity for a nice supplemental income. I'm just so tired of doing it.
Then again, I could eliminate that need entirely, because I would pay $100 to be able to sit and eat at a restaurant. It doesn't even have to be a good restaurant. I just want to have someone bring me food, and when I'm done, for someone else to collect the dirty plates.
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