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Here’s how to go to college for free

Here’s how to go to college for free

Finance
Crisserbug | Getty ImagesWith more Americans under financial pressure due to the coronavirus, paying for college is a growing problem.Nearly 70% of families are worried about how they will cover the cost and more than half now say their higher education plans have changed due to Covid-19.By necessity, some students will attend a community college close to home or delay going to college altogether.  So the possibility of free tuition could make all the difference.More from Invest in You:How to borrow money if you are out of optionsCovid-19 changes the game for the parents of college kidsSix strategies to help recent college grads find work right nowThe Community College of Denver recently said it will offer free tuition to all 2020 graduates of D...
Here’s a foolproof way to create retirement income for the rest of your life

Here’s a foolproof way to create retirement income for the rest of your life

Finance
MoMo ProductionsThe secret to building sustainable income in retirement is right in front of you — and the IRS has had it all along.Retirees generally know all about required minimum distributions. This is the annual withdrawal that you must take from your individual retirement account and 401(k) plans after you turn 70½ — or, starting this year, 72.This calculation is based on your account value as of the end of the prior year, as well as your remaining life expectancy."The RMD can go on until you're 100 or 110, if you live that long," said Steven Vernon, actuary and research scholar at the Stanford Center on Longevity."It's a fairly low withdrawal rate in your 70s, and if you couple it with stock investments, you'll have time for growth."Vernon coauthored a paper in 2017 that a
From Spider-Man to Grand Theft Auto – here’s all 26 games announced for PS5

From Spider-Man to Grand Theft Auto – here’s all 26 games announced for PS5

Technology
Twenty-six games were announced as coming to PlayStation 5 during Sony's launch event for its new console on Thursday, including brand new titles and highly-anticipated sequels.Alongside a first look at the console, which has been unflatteringly compared to a WiFi router from the early 2000s, fans also got a chance to preview some astonishing gameplay footage and handsome cinematic trailers. Sky News has a full roundup of all 26 games revealed for PS5 - starting with the six we're most excited for, followed by the rest in alphabetical order.Warning: Some trailers below contain scenes of strong violence and/or horror. Image: PlayStation 5 will launch later this year 1. Spider-Man: Miles Morales ...
Fed holds rates near zero — here’s exactly what that means for your wallet

Fed holds rates near zero — here’s exactly what that means for your wallet

Finance
The Federal Reserve said Wednesday it will hold its benchmark interest rate near zero through 2022 to help the economy recover from the coronavirus crisis."The Fed has cut interest rates as low as they are going to go without going into negative rates," said Greg McBride, chief financial analyst at Bankrate.com. The economic shock from Covid-19 may call for drastic measures, but negative interest rates are not one of them — at least not yet.In addition to slashing interest rates to near zero,  the central bank also said it will continue to increase its bond holdings to preserve the flow of credit. Along with the rate decision, central bankers projected Wednesday that the economy will shrink 6.5% in 2020. However, the Fed says 2021 is expect
So your financial advisor took a PPP loan. Here’s what that means for you

So your financial advisor took a PPP loan. Here’s what that means for you

Finance
Xavier BonghiIn today's environment, it's just about unimaginable that someone would turn down a $ 40,000 forgivable loan.Benjamin Brandt, a certified financial planner and president of Capital City Wealth Management in Bismarck, North Dakota, did just that.He initially applied for the Paycheck Protection Program — a forgivable loan program that's overseen by Treasury and the Small Business Administration — to help cover eight weeks of payroll costs for himself and two employees."Seven weeks ago, the economy felt different," Brandt said. "It felt like people might not be back to work indefinitely, so here's this program and use it.More from FA Playbook:Op-Ed: A game plan for Americans' retirement securityAdvisors share lessons on getting a PPP loanOp-Ed: Don't let market swings hijack your