Personal finance

For long-term investors, daily headlines are distractions. Westend61 / Josep Rovirosa | Getty Images It’s no secret that Social Security is underfunded, and many Americans are struggling to scrape by on their monthly benefit checks. Now, congressional leaders have raised a key question on reforming the program. “Should we vote now or should we kick
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Anchiy | E+ | Getty Images The age when older Americans must start making withdrawals from retirement accounts could change yet again. Under a provision in proposed retirement legislation pending in Congress, required minimum distributions, or RMDs, would start at age 75 by 2032, up from age 72 — which only took effect last year
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New York schoolchildren study at home during the coronavirus lockdown on April 6, 2020. Peter Titmuss | Education Images | Getty Images Parents without bank accounts, take note: The IRS will not send any of the upcoming enhanced child tax credit payments via debit cards, according to a Treasury spokesperson. The payments, which are set
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Zoom In IconArrows pointing outwards Rising consumer costs have helped push the latest estimate for next year’s Social Security cost-of-living adjustment to 5.3%. Whether that will actually be the bump retirees see to their monthly checks in 2022 depends a lot on the economy, including whether the Federal Reserve decides to raise interest rates. The
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Eric Holcomb, governor of Indiana, speaks at the White House on June 26, 2020. Al Drago/Bloomberg via Getty Images More than 400,000 people are poised to lose unemployment benefits this weekend as eight states withdraw early from pandemic-era programs. Alabama, Idaho, Indiana, Nebraska, New Hampshire, North Dakota, West Virginia and Wyoming are opting out of
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