A typical two-week $100 payday loan comes with $15 in fees — which equates to an annual percentage rate of 391% — according to the Consumer Financial Protection Bureau. For context, financial experts consider 36% the maximum APR a loan can have to be affordable.Because payday loans are relatively easy to get, they can also feel like a surefire solution to an urgent financial problem, says Anne Leland Clark, executive director of Exodus Lending, a nonprofit based in St. Paul, Minnesota, that helps families break out of predatory loan debt. But when people can't repay, their financial...…A typical two-week $100 payday loan comes with $15 in fees — which equates to an annual percentage rate of 391% — according to the Consumer Financial Protection Bureau. For context, financial experts consider 36% the maximum APR a loan can have to be affordable.Because payday loans are relatively easy to get, they can also feel like a surefire solution to an urgent financial problem, says Anne Leland Clark, executive director of Exodus Lending, a nonprofit based in St. Paul, Minnesota, that helps families break out of predatory loan debt. But when people can't repay, their financial...WW…

When parents talk with their kids at the dinner table, estate planning probably doesn't come up. But considering we aren't immortal, it should. It's worth having age-appropriate conversations to introduce children to the idea of estate planning. As children grow older, parents can provide more specifics about their plans and eventually assist their children in developing their own plans as adults.If you have an estate plan in place, consider running your children through it so they have an idea of what's included in one. Camelia Ruffin , an estate planning attorney and founder of The Ruffin...…When parents talk with their kids at the dinner table, estate planning probably doesn't come up. But considering we aren't immortal, it should. It's worth having age-appropriate conversations to introduce children to the idea of estate planning. As children grow older, parents can provide more specifics about their plans and eventually assist their children in developing their own plans as adults.If you have an estate plan in place, consider running your children through it so they have an idea of what's included in one. Camelia Ruffin , an estate planning attorney and founder of The Ruffin...WW…

More than half of older taxpayers (57%) are worried they'll have to pay more taxes this year because of the 5.9% Social Security cost-of-living adjustment in 2022, according to a January survey by The Senior Citizens League, a nonpartisan seniors group.Taxes for the over-65 set can feel more complicated for a variety of reasons: There are often multiple streams of income, some retirees still work part time, and people may be managing required minimum distributions from retirement accounts."It can happen that people have more income in their later life than they did when they were working,"...…More than half of older taxpayers (57%) are worried they'll have to pay more taxes this year because of the 5.9% Social Security cost-of-living adjustment in 2022, according to a January survey by The Senior Citizens League, a nonpartisan seniors group.Taxes for the over-65 set can feel more complicated for a variety of reasons: There are often multiple streams of income, some retirees still work part time, and people may be managing required minimum distributions from retirement accounts."It can happen that people have more income in their later life than they did when they were working,"...WW…

Everyone is feeling the pinch of inflation, even the tooth fairy, according to a recent survey.The Original Tooth Fairy Poll from a dental insurance company shows the average national cash gift from the tooth fairy has hit a record $6.23 per tooth.Delta Dental of Illinois has been analyzing the tooth fairy's giving trends in the United States for 25 years.Since the poll's inception, the average cash gift has surged 379% from $1.30 per tooth in 1998 to $6.23 this year.If the same growth rate continues for the next quarter century, the tooth fairy can expect to place $30 under the pillow for...…Everyone is feeling the pinch of inflation, even the tooth fairy, according to a recent survey.The Original Tooth Fairy Poll from a dental insurance company shows the average national cash gift from the tooth fairy has hit a record $6.23 per tooth.Delta Dental of Illinois has been analyzing the tooth fairy's giving trends in the United States for 25 years.Since the poll's inception, the average cash gift has surged 379% from $1.30 per tooth in 1998 to $6.23 this year.If the same growth rate continues for the next quarter century, the tooth fairy can expect to place $30 under the pillow for...WW…