Do you need to own a home to be wealthy in Canada? How renters can get ahead – National

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Graham Isador says it feels strange to think about himself as one of the “lucky ones” in Toronto’s notoriously unaffordable housing market. The 35-year-old freelance writer is a renter, and pays just under $2,000 for a two-bedroom apartment in the city’s downtown core. That’s well below the market rates his friends in the neighbourhood are … Read more

Miami is ‘ground zero’ for climate risk. People move there, build there anyway

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South Pointe Beach in Miami Beach, Florida. Greg Iacurci MIAMI — Daniel Habibian worries about climate change.  His clothing boutique in Miami Beach’s iconic South Beach neighborhood sits just a few blocks inland from the Atlantic Ocean.  Rising seas threaten to swallow much of the Miami metro area in the coming decades as the world … Read more

Inflation Reduction Act home energy rebates may arrive soon

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Ryanjlane | E+ | Getty Images Rebates tied to home energy efficiency and created by the Inflation Reduction Act may start flowing to many consumers within months.   The federal government is issuing $8.8 billion for Home Energy Rebates programs through states, territories and tribes, which must apply for the funding. The U.S. Department of … Read more

National Park Week is coming up — and that means free entry for visitors

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Grand Prismatic Spring, Yellowstone National Park on Aug. 8, 2020. Darwin Fan | Moment | Getty Images Visitors to national parks will get free admission on April 20 as the federal government waives entrance fees to commemorate the start of National Park Week. National Park Week runs for nine days, from April 20 to April … Read more

NYCB is paying the nation’s highest interest rate (APY)

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A New York Community Bank stands in Brooklyn on February 08, 2024 in New York City.  Spencer Platt | Getty Images New York Community Bank, the regional lender that needed a $1 billion-plus lifeline last month, is offering the country’s highest interest rate for a savings account. NYCB raised the annual percentage yield offered via … Read more

90% of qualifying EV buyers get $7,500 tax credit as upfront payment

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Maskot | Maskot | Getty Images The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the car dealer instead of waiting until tax season, according to new Treasury Department data.   About 90% of consumers who qualify for a “new clean vehicle” tax credit — … Read more

Here are some big money blind spots you need to avoid, advisors say

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Image Source | Image Source | Getty Images Managing one’s personal finances can seem like a hodgepodge of never-ending checklists and rules of thumb. With all sorts of financial considerations vying for attention — budgeting, saving, paying off debt, buying insurance, being savvy shoppers — consumers may inadvertently overlook some important nuggets. Here are some … Read more

‘A little goes a long way’

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Tara Moore | Stone | Getty Images Katherine Dowling has an analogy that may be useful for investors thinking of buying cryptocurrency like bitcoin and wondering what amount is appropriate. It’s “like cayenne pepper,” said Dowling, general counsel and chief compliance officer at Bitwise Asset Management, a crypto money manager. “A little goes a long … Read more

Why gray divorce is a significant financial risk for women

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Laylabird | E+ | Getty Images Breaking up in old age can be costly, especially for women. The rate of “gray divorce” — a term that describes divorce at age 50 and older — doubled from 1990 to 2019, according to a 2022 study published in The Journals of Gerontology. It tripled for adults over … Read more