The Internal Revenue Service (IRS) has lost nearly one-third of its tax auditors as part of staffing reductions linked to the Department of Government Efficiency (DOGE), according to a new Treasury watchdog report released May 2.
May 07, 2025
Amid renewed concerns over inflation linked to former President Donald Trump’s tariff policies, financial advisors report a growing interest in Series I bonds, which currently offer a 3.98% annual return through October 31.
May 07, 2025
On Tuesday, the Senate confirmed Frank Bisignano as the new commissioner of the Social Security Administration (SSA), finalizing a key appointment under the Trump administration's Department of Government Efficiency (DOGE).
May 06, 2025
The Trump administration will begin garnishing the wages of 5.3 million federal student loan borrowers in default later this summer, marking a significant escalation in collection efforts after a five-year pause.
May 06, 2025
The Social Security Administration (SSA) has reduced its default benefit clawback rate from 100% to 50% for certain recipients, following criticism of the financial hardship the full withholding imposed. Experts warn the revised policy may still have severe consequences for vulnerable beneficiaries.
May 05, 2025
The Social Security Administration (SSA) plans to roll out digital access to Social Security numbers as early as this summer, offering an alternative to the traditional paper Social Security card.
May 05, 2025
A major 401(k) update for 2025 will allow eligible workers aged 60 to 63 to make significantly larger “catch-up” contributions, raising the total annual deferral limit to $34,750.
May 02, 2025
The IRS has announced higher contribution limits for health savings accounts (HSAs) for 2026, increasing thresholds for both individual and family coverage as part of its annual inflation adjustments.
May 02, 2025
Millions of older workers were displaced during the early months of the COVID-19 pandemic, but five years later, changing workplace dynamics are creating new opportunities for career longevity.
May 01, 2025
Investors reaping profits from gold’s recent rally may face an unexpected tax surprise, as popular gold exchange-traded funds (ETFs) are subject to a higher federal tax rate on long-term capital gains.
May 01, 2025
Despite rising concerns over the future of Social Security, financial experts continue to advise most Americans to wait before claiming retirement benefits, citing the long-term advantages of delaying.
Apr 30, 2025
Investors hoping to improve their financial outcomes should focus less on finding the next big winner and more on avoiding common mistakes, says Barry Ritholtz, author of "How Not to Invest," published on March 18, 2025.
Apr 30, 2025
As stock markets reel from heightened volatility linked to tariff announcements, many investors are retreating to cash — but financial advisors caution that doing so may come at a cost over time.
Apr 30, 2025
Massachusetts Institute of Technology (MIT) has been named the No. 1 "dream school" for college-bound students in 2025, overtaking Harvard University for the first time, according to The Princeton Review’s latest College Hopes and Worries Survey.
Apr 30, 2025
With gold prices surging to historic highs, many Americans are cashing in on estate jewelry and heirlooms. But while the market presents an opportunity, financial experts urge sellers to proceed carefully.
Apr 30, 2025
A new Pew Research Center analysis reveals that three California metro areas have the highest concentrations of young adults living with their parents in the United States.
Apr 29, 2025
Periods of high volatility in the stock market are often followed by strong returns, according to new analysis from the Wells Fargo Investment Institute.
Apr 29, 2025
A growing number of Americans are more concerned about running out of money than about death itself, according to multiple recent surveys. The anxiety was most pronounced among Gen Xers.
Apr 29, 2025
Stock market declines triggered by new U.S. tariffs have prompted Americans to reconsider their financial strategies, as advisors urge investors to remain steady.
Apr 29, 2025