News
A Big Change Is Coming to Medicare in July 2026
4+ hour, 34+ min ago (320+ words) Medicare currently only covers GLP-1s for the treatment of certain medical conditions. Beginning in July, it will cover GLP-1s for weight loss. Next year, it'll be up to each Part D plan provider to decide whether to cover GLP-1s for…...
Using a Health Savings Account for Retirement Funds? Avoid These 3 Mistakes
6+ hour, 34+ min ago (517+ words) Only certain people are eligible to contribute to a health savings account (HSA) in 2026. Investing your HSA funds is crucial if you plan to use the account for retirement savings. Avoid using your HSA for current medical expenses if you're…...
You Can Still Contribute $7, 000 to a 2025 IRA Before April 15 -- Here's Who Qualifies
16+ hour, 34+ min ago (538+ words) Workers can contribute a certain amount to their individual retirement accounts each year, which is deducted from their taxable income. The maximum you can contribute each year is $7, 000, though some qualifying individuals can contribute more. Understanding how IRA contributions work…...
Moving Abroad for Retirement? Be Sure to Make These 6 Money Moves.
1+ day, 13+ hour ago (369+ words) It's vital to create a detailed financial plan before leaving the U. S. As with any budget, unexpected expenses can sneak up on you. Knowing what to expect can help you avoid financial pitfalls. The last of the baby boomers are now…...
This Is the Average 401(k) Balance for Retirees and It's Not Enough
1+ day, 17+ hour ago (245+ words) You know how much you have saved up in your 401(k) account. But how much does everyone else have? Mutual fund giant and retirement plan administrator Fidelity offers up this very information. Here are the average 401(k) balances for every age group…...
Roth IRA Phaseouts for 2025: Are You Still Eligible to Contribute Before the April Deadline?
1+ day, 17+ hour ago (332+ words) The deadline for contributing to a Roth IRA for 2025 is April 15, 2026. You may have to reduce your contribution if you earned over a certain amount in 2025. There's a loophole that could give you access to the Roth IRA even if…...
The April 15 IRA Deadline Is Almost Here -- Here's What You Still Have Time to Do
2+ day, 17+ hour ago (486+ words) There is still time to make contributions toward your 2025 limit. The IRA contribution limit for 2026 increased by $500 for people younger than 50 and $1, 100 for people older than 50. Contributing more than the IRA limit could result in an excise tax. April 15 is…...
A Major Social Security Change May Be Closer Than You Think. Here's What It Could Mean for Your Benefits
2+ day, 19+ hour ago (490+ words) Social Security is facing a revenue shortfall in the coming years. The program's insolvency date may be closer than previously estimated. That means benefit cuts could happen a full year sooner. There are millions of older Americans today who rely…...
3 Steps Every Retiree Should Take in April Before Tax Deadline
2+ day, 18+ hour ago (135+ words) Claiming the new "senior bonus" is a no-brainer for retirees. This added deduction could be used in a tax-neutral Roth IRA conversion. Retirees should also reevaluate whether or not itemizing deductions is financially advantageous. The clock is ticking to file…...
Should You Claim Social Security Before You Retire? Here's What to Know.
3+ day, 19+ hour ago (434+ words) You may still be working when you become eligible for Social Security. Claiming benefits while working is possible, but there can be conquences. Consider your need for money and the upside of waiting. One big misconception about Social Security is…...