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Tuesday 30 July 2024

The long wait for probate

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Also: All about that Fed meeting ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Jul 30 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Nothing is certain, it is said, but death and taxes.

Yet, many Americans know surprisingly little about the legal process that follows a loved one's death.

A new report, titled The State of Probate in America, finds many Americans badly misinformed about basic facts of probate.

Rate cut? See you in September. . .

This week's Federal Reserve meeting probably won't result in an interest rate cut, but it will likely lay the ground for one in September, Medora Lee reports.

The Fed's benchmark, short-term rate has stood at a 23-year high of 5.25% to 5.5% since July 2023 as the Fed waits for inflation to cool further. Annual inflation dipped in June to 3.0 %, far below the two-decade high of 9.1% in June 2022, but still above the Fed's 2% goal.

📰 More stories you shouldn't miss 📰

Handicapping the Fed decision
Connecting in a virtual work world
Boar's Head faces listeria suit
The best three-row SUVs

📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

Wi-Fi, laptops and mobile phones have made work from anywhere a reality for many of us. But working while moving from state to state could cause a tax headache, Medora Lee reports. 

If you work in a different state from where you live, you may have to file more than one state income tax return.

State taxes can be complicated, so before heading out to fulfill your wanderlust or escape wintry weather, understand what may be in store for you come tax season

The USA TODAY app gets you to the heart of the news — fast. Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

Planning for a secure and fulfilling retirement: Avoid common mistakes to ensure your financial well-being.

Many Americans know surprisingly little about the legal process that follows a loved one's death.

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Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., May 1, 2024.
 

Fed's seen hinting at rate cut soon as inflation and jobs growth cool

The Fed's expected to hint on Wednesday that a rate cut's coming soon, but it won't say exactly when. Most economists expect it to come in September.

If you work remotely, it could have an impact on your taxes.
 

That wanderlust could cost you in state taxes. Here's what to know.

Wi-Fi, laptops and mobile phones have made work from anywhere a reality for many of us. But that could cause a tax headache.

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Where the economy stands as the Fed readies rate decision

GDP surprised economists who expected lower growth last week. Here's the latest economic news that could impact the Fed's interest rate decision.

Working from home can increase productivity for many employees.
 

How to keep the human connection in a virtual work world

Finding a balance between working with and through technology and connecting with actual people requires more intentionality in a virtual space.

U.S. Federal Reserve Chair Jerome Powell delivers remarks during a press conference following the announcement that the Federal Reserve left interest rates unchanged, in Washington, U.S., June 12, 2024.
 

When does the Fed meet next? This year's schedule of meetings

Mark your calendar, here is the 2024 schedule of Federal Reserve meetings.

Tina and Magnus Wahlstrom with their miniature goldendoodle dogs, Ruben and Sven.
 

Why a growing share of US adults are saying no to parenthood

About 47% of U.S. adults younger than 50 without kids polled in 2023 said they were unlikely to have children, up 10% from 2018.

000 best suvs with captains chairs motortrend alan muir design
 

The best 3-row SUVs with captain's seats that command comfort

Second-row captain's chairs might remove the middle seat, but they can add comfort. These are the best SUVs that offer commanding second-row seats.

A Missouri couple has filed the first lawsuit linked to the multi-state listeria outbreak that has killed two people.
 

Couple sues Boar's Head for "life-threatening" listeria infection

A $25,000 lawsuit against Boar's Head alleges that an 88-year-old woman became "deathly ill" with a listeria infection after consuming deli meat.

The U.S. inflation rate as measured by the consumer price index has fallen significantly in the past two years but remains above the 10-year median of 2% growth, which is also the rate the Federal Reserve targets.
 

Reversal of fortune: Northeast has hottest inflation in the nation

Inflation has picked up in Northeast while slowing in the South and West as regions reverse positions. One reason: s surge in Northeast home prices

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