IRS increases 401(k), other retirement plan contribution limits for 2025
The IRS has updated its eligibility thresholds and contribution limits for 401(k), IRA and other retirement accounts.
New rules could make it easier to switch banks
A new banking rule would make it easier to switch banks or lenders, but it’s already facing pushback from the financial industry.
Inflation gauge falls to lowest level in 3 1/2 years
Inflation has improved over the past two years after supply chains recovered from disruptions from the pandemic and the Federal Reserve raised its key interest rate.
Navigating open enrollment season: tips from a finance expert
Millions of workers are making big choices about their benefits. University of San Diego Finance Professor Dan Roccato joined FOX6 WakeUp with tips on how to best approach open enrollment season.
Biden administration forgives $4.5 million in student debt for 60,000 borrowers
The Biden administration announced over $4 million in funding for borrowers who have met PSLF requirements.
Taxpayers in these 24 states will be able to file their returns directly with the IRS
The IRS is expanding its Direct File program to 30 million taxpayers in 24 states for the 2025 tax season. Learn more about the new eligibility standards and participating states.
Private student loan interest rates rise for 5-year terms and dip for 10-year terms
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Fed cuts interest rates, how it impacts you
The Federal Reserve cut its benchmark interest rate by 50 basis points, or 0.5%, but what does that mean for you?
Fed cuts interest rates, how it impacts you
Dan Rocatto from the University of San Diego joined FOX6 WakeUp with all the info on the interest rate cut, and what it means to you.
Maryland city will pay you $20,000 to move there
A city in Maryland is offering a $20,000 incentive to get new residents to move there.
Survey reveals Americans' 2 biggest financial regrets
Amid ongoing inflation, a new survey found that the majority of Americans have financial regrets. Here's what they are.
The US added 818,000 fewer jobs this year than originally estimated
Over 800,000 fewer jobs were added by employers in the last few months, but consumer sentiment about the economy is still strong.
Here's how much money you need to feel 'rich' in 2024
Fewer than one in five Americans surveyed said they are currently on top of their finances.
July inflation drops below 3 percent as Fed considers September rate cut
Inflation dipped below 3% for the first time in three years, and that, combined with other economic indicators, may push the Fed to slash interest rates more than once.
Biden asks Supreme Court to lift block on student loan repayment plan
The Biden Administration has turned to the Supreme Court to help lift a block on the Saving on a Valuable Education (SAVE) plan.
Mortgage payments soar for prospective homeowners in swing states: Realtor.com
Buyers in swing states have seen mortgage payments practically double in the last four years due to rising home prices and mortgage rates.
Mortgage rates drop to lowest rate in more than a year
Mortgage rates dropped to the lowest they've been in over a year after reacting to a lower-than-expected jobs report.
Economic turbulence 'effectively assured' Fed will cut interest rates in September
The stock market was all over the place this week, with a large drop on Monday due to a weak jobs report.
Mortgage rates drop to new low as Fed grows closer to slashing interest rates: Freddie Mac
The average 30-year fixed-rate mortgage was 6.73% for the week ending Aug. 1, according to Freddie Mac's latest Primary Mortgage Market Survey.
Despite tough times for Tesla, EV sales set new record in second quarter
Tesla's sales may have dropped, but electric vehicle sales as a whole have continued to increase.