SoFi Blog

In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more.
Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.

If you’ve followed Congress even casually over the past few years, you’re probably aware that there isn’t much that flows through the House of Representatives or the Senate with overwhelming bipartisan support.

On Thursday, May 16 the House defied expectations, and their recent track record, by passing the SECURE act by an overwhelming 417-3 . True to form, though, the SECURE act stands for the “Setting Every Community Up for Retirement Enhancement Act of 2019”.

If the Senate and House agree on the bill as it stands now, it could end up being a big deal that changes the way lots of people save for retirement, invest in 401(k)s, IRAs, and other retirement accounts, and even the way they tackle student loan debt.

The decision for who pays for the wedding is not something to gloss over. Seriously, in this day and age, it’s all over the map, and is ultimately up to the happy couple and their families.

In other words, keeping your expectations in check until you’ve heard from everyone involved is probably wise. Your parents may not be prepared to pony up nearly as much as you thought. And your friends may balk if you expect them to pay for formalwear, too many parties, or travel for a destination wedding.

Times are changing. Turns out, the average bride and groom in the U.S. pay almost as much toward their wedding expenses (41%) as the bride’s parents do (45%).

Summer is on the horizon, and with the new season comes warmer weather and longer days. Some people might be committing themselves to new fitness regimes to feel healthy and look great during the summer months. This same attention to your physical health and wellbeing could apply to your finances as well.

By prioritizing your financial fitness, you could spend this summer reaping the benefits of a healthier relationship with your money. But what is financial fitness, you ask? Much as physical fitness is a way to increase and maintain your body’s wellness, financial fitness could help you improve and maintain your financial wellness.

Now is the perfect time to establish new, constructive fiscal practices and recommit to basic money habits that can help you stay financially fit throughout the year. Read on for five ways to “exercise” better financial choices this summer.

The graduate in your life has spent years working toward this moment. They’ve donned their cap and gown and are ready to walk through the auditorium to the tune of “Pomp and Circumstance.” Whether celebrating a high school or college graduation, it’s something to be commended.

As a high school student, your child has spent the past 12 years working toward their academic goal of graduating, and may be getting ready to head off to college in the fall. If they’re a college graduate, they have earned a degree and are getting ready to join the workforce or enroll in a graduate program. What better way to celebrate each milestone than with a graduation party?

If you’re in search of high school or college graduation party ideas to celebrate the accomplished graduate in your life, you’ve come to the right place. Here are some of our suggestions for throwing a graduation party without breaking the bank. And we know that hosting can be stressful, so we’ve done our best to provide some creative tips to help make hosting the event as seamless as possible.

You can thank your dad for countless life lessons. Maybe he taught you how to ride a bike, or how to drive. But how can you thank the man who never seems to want anything? Fathers can be notoriously difficult to shop for. If you’re drawing a blank about what to get your dad for Father’s Day, you’ve come to the right place.