admin Inheriting money is often welcome, but if it’s a retirement account, beneficiaries need to be aware of new rules effective in 2025 or end up potentially paying a steep penalty to the IRS. New rules around inherited individual retirement accounts (IRAs) – both traditional and Roth – were passed in 2019, but the IRS gave … Read more
More and more retirees are deciding to spend their later years outside the United States, motivated by a blend of financial advantages, lifestyle upgrades, and personal aspirations. For many, life abroad offers the chance to stretch their savings further while enjoying a slower pace, better weather, or a richer cultural experience. These factors are making … Read more
Kohl’s is introducing a new discounted department at the front of its stores called the “Deal Bar.” The new “Deal Bar” features a variety of gifts for under $10, including children’s activities like sticker books and craft kits, seasonal decor, appreciation gifts for occasions like Teacher Appreciation Week, and small office storage items. Located in … Read more
Federal Reserve policymakers were in near-unanimous agreement to keep interest rates on hold at their meeting last month, but remained split over their next steps, with “several” open to rate hikes if inflation remains elevated, others inclined to support further cuts if inflation recedes as they expect, and the full table grappling with the emerging … Read more
Nearly 3 million people with Medicare Advantage plans – or about 10% of all enrollees in the privately-managed program – had to find alternative coverage in 2026, as health insurers exited markets and scaled back plan options, according to a study published in a medical journal on Wednesday. Members in rural areas experienced plan disruptions … Read more
The launch of TrumpRx.gov — a new federal website designed to lower prescription costs — has made headlines with promises of massive savings. President Donald Trump called the initiative a “very big deal” that would help Americans get healthy while saving money. USA Today notes that for the average consumer, the reality is more complicated. … Read more
The Secure 2.0 Act became law in 2022 and provided ways to help more people save for retirement. The legislation gave employers a slew of new retirement plan options, but not every provision is being utilized. Vanguard has been tracking how employers adopt the provisions. According to its findings, employers are prioritizing plans that help … Read more
The big-city vacation is losing its shine. According to the What the Future travel report for 2026 from Kayak, 84% of Gen Z and millennial travelers say they’d rather visit a rural area or smaller city than a major metropolitan hub. Lower costs and fewer crowds certainly play a role, but that’s not the whole … Read more
If you grew up in a household where orange juice required a pitcher, a spoon and a little bit of elbow grease, prepare to say goodbye to a slice of history. Minute Maid has announced it is discontinuing its frozen orange juice concentrate, ending an 80-year run for the freezer aisle staple. According to NBC … Read more
Wondering whether you’re ahead or behind the retirement savings curve? A recent look at 401(k) balances shows where Americans actually stand, and the numbers might surprise you. These figures come from Empower’s anonymized data as of last fall and include balances from people using the company’s online financial dashboard. The data may reflect holdings from … Read more