Tag: Retirement planning
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Scam victims can owe taxes on stolen money. A bill in Congress could offer relief
A bill in the House would restore a pre-2018 rule that generally allowed a tax deduction for theft losses and would add other relief for fraud victims.
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IRS chief Bisignano: ‘We should have every family enrolled in a Trump Account’
“I think the objective is to have 70 million children under 18 to have a Trump Account,” IRS CEO Frank Bigisnano said.
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Americans say they need $1.2 million to retire comfortably, survey finds — but many expect to fall short
Just 30% of workplace retirement plan investors think they’ll reach $1 million before retiring, a new survey finds. Here’s what’s getting in their way.
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Social Security cost-of-living adjustment estimate for 2027 falls as inflation cools
New estimates show Social Security’s annual cost-of-living adjustment for 2027 may be between 3.7% to 3.8%. Here’s what to know.
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AI is changing older workers’ careers, research finds — here’s how
AI may either prompt some older workers to leave their jobs or help make their roles more efficient, research finds. Here’s which careers may be most affected.
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Trump Accounts may help foster children build a financial safety net. What to know
Advocates say that Trump Accounts for foster children may end up being helpful, as long as concerns about flexibility and accessibility are addressed.
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Don’t rely on AI for personal finance advice, study finds
Researchers who studied generative AI platforms found that personal finance recommendations could be inconsistent or biased.
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Trump Accounts are live. Here’s how some families plan to use them
As Trump Accounts launch, millions of parents are figuring out how the new investment accounts fit with their family’s financial goals.
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Trump Accounts can help build long-term wealth, but only after ensuring 2 behaviors, exclusive research finds
Morningstar research finds that higher contributions and low ‘leakage’ lead to the best outcomes for holders of Trump Accounts
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House lawmakers approved a bipartisan bill to protect older adults from financial fraud. Here’s what to know
The Financial Exploitation Prevention Act of 2025 is aimed at preventing adults age 65 or older or those with disabilities from losing their money to fraud.
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