Pete Grieve

Brooklyn

Reporter at Money

Reporter @Money • [email protected]

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Articles

Here's How Much Gas Prices Could Rise After U.S. Strikes in Iran

4 days ago | money.com | Pete Grieve |Julia Glum

U.S. strikes on Iranian nuclear sites and recent escalations in the Iran-Israel conflict have introduced fresh uncertainty into the global oil market. As the world waited to see how Iran would respond to Saturday's intervention, experts warned Monday morning that the cost of gasoline would likely rise this week. But Iran's weaker-than-expected retaliation diminished those initial fears.
This Common HSA Mistake Could Cost You Thousands of Dollars

1 week ago | money.com | Pete Grieve |Katherine Peach

While health savings accounts have great potential to help Americans prepare for future health care expenses, a high percentage of account holders are not investing their HSA funds — and it's robbing some folks of thousands (or more) over time.
The U.S. Dollar Is Weak. Here's How You Can Still Save on Summer Travel

2 weeks ago | money.com | Pete Grieve |Julia Glum

The past three summers, American travelers were able to take advantage of favorable currency exchange rates, allowing them to do and see more during international trips without breaking the bank. Not anymore. Briefly, in 2022, you could exchange $1 for slightly more than 1 euro. The conversion rate is now $1 to 0.87 euros, so the items you buy in Europe now essentially cost 15% more than when the currencies were at parity.
3 Money Moves People Are Making Because They're Nervous About the Economy

3 weeks ago | money.com | Pete Grieve |Katherine Peach

In a new survey, nearly 4 in 10 employees said they are staying at their jobs because of economic jitters. It's just one of several signs that anxious Americans are making some interesting money moves in response to an unusual economic moment. People are also scaling back retirement contributions, adjusting shopping habits and rethinking investment approaches as consumer debts rise and spending slows.
Falling Demand and High Rates May Lower Home Prices

3 weeks ago | money.com | Pete Grieve |Katherine Peach

This spring's housing market is already being characterized as another disappointingly slow season, with home sellers outnumbering buyers by the widest margin since tracking began in 2013 and a majority of people waiting for mortgage rates to fall before considering a move. The number of sellers in the current market exceeds the number of buyers by 33.7% — a significant enough gap to lead to lower prices, according to a new Redfin report.
Is No Tax on Social Security Still Happening? Trump Policy Takes a 'Different Form'

1 month ago | money.com | Pete Grieve

House Republicans' sweeping budget bill does not eliminate taxes on Social Security benefits — a signature piece of President Donald Trump's platform — but officials say an enhanced standard deduction for individuals 65 and older effectively delivers on the promise. While the House tax bill that passed Thursday included "no tax on tips" and "no tax on overtime" provisions, the Social Security tax cut was missing. Social Security beneficiaries were left wondering if they'd been shortchanged.
How Do Private Listings Affect Home Buyers and Sellers?

1 month ago | money.com | Pete Grieve |Leslie Cook

Should home sellers and their agents be allowed to market listings privately, or should they be required to make listings viewable on all platforms right away? That's the question at the center of a controversy currently playing out with Compass, the largest U.S. brokerage, and Zillow, the largest online real estate marketplace, on either side of the issue.
No Tax on Tips FAQ: Who's Eligible, When It Starts and More

1 month ago | money.com | Pete Grieve |Julia Glum

After both parties in Washington embraced ending federal income tax on tips during the last election cycle, a bill that would do just that made it through the Senate Tuesday. The big story in Congress right now is that Republican lawmakers in the House are negotiating a large-scale tax bill that would extend 2017 tax cuts and, among other things, end taxes on tips and overtime pay. But while those discussions were playing out on Tuesday, Sen.
Should Teenagers Have 401(k)s? These Senators Think So

1 month ago | money.com | Pete Grieve |Katherine Peach

More than 71 million Americans have access to 401(k) accounts — tax-advantaged retirement plans that allow workers to set aside pre-tax income and watch it grow tax-deferred. But some of the country's youngest workers are left out, and a group of senators wants to fix that. Under current laws, employer-sponsored 401(k) plans can be offered to younger workers, but employers often set the minimum age as high as 21.
GOP Tax Bill Would Extend Trump's Tax Cuts, Create 'MAGA' Accounts for Kids and More

1 month ago | money.com | Pete Grieve |Julia Glum

President Donald Trump made sweeping changes to the tax code during his first term. Now, he’s trying to do it again. House Republicans are working on a "big, beautiful" bill that would deliver on many of Trump’s economic promises — and impact various aspects of Americans’ personal finances. This is the first major legislative package for the GOP-controlled 119th Congress, and the latest 389-page version of the tax bill offers a look at where things are headed.