Suze Orman warns that taking Social Security early is poor guidance, even with widespread concern.
Growing Concerns Over Social Security Viability John Hart, CEO of OpenTheBooks, recently appeared on Varney & Co. to discuss the increasing pressures that the Social Security and Medicare systems are facing. With worries mounting about the long-term sustainability of the Social Security Trust Fund, many Americans are opting to apply for benefits earlier. This move […]
Report reveals 401(k) balances reach record levels due to increase in automatic enrollment
Record High Contributions to 401(k) Accounts in 2025 A recent report from Vanguard reveals that American contributions to 401(k) savings accounts reached an all-time high in 2025. According to the findings, the median account balance for employees with active 401(k) plans rose by 27% from December 2024 to December 2025. The report notes that 94% […]
Mandatory minimum withdrawals from 401(k) accounts may lead to increased taxes for you
In the discussion on “Morning with Maria,” the panel dives into earnings reports and what’s ahead for NVIDIA and various retailers. For many working Americans, especially those participating in a 401(k) plan, saving for retirement seems quite straightforward. You simply let your employer know what percentage of your paycheck you’d like to contribute, and they […]
How your 401(k) target date fund might be restricting growth opportunities
The panel on “Morning with Maria” discusses earnings and provides a preview of NVIDIA’s first quarter earnings, along with those of various retailers. Finding the funds to contribute to your 401(k) might seem like the toughest part of saving for retirement. But, honestly, picking the right investments can be just as tricky. Because of this, […]
New report indicates Social Security trust fund will be depleted by 2032
Concerns Grow Over Social Security and Medicare Deficits Time is running short for American workers and seniors, as new data from the Social Security Administration paints a concerning picture. The recently published 2026 Trustees Report indicates that the Old Age Survivors Insurance (OASI) Trust Fund could run out of funds by late 2032, which is […]
Revealed: The most and least affordable states for retirement
New Insights on Retirement Costs in the U.S. Nick Nefos, BlackRock’s Global Head of Retirement Solutions, recently shared plans to enhance retirement investment options during an appearance on Varney & Co. Affordability continues to weigh heavily on Americans of all ages, but retirees on fixed incomes are particularly feeling the pinch. Where individuals choose to […]
Generation X may face retirement delays as rising prices surpass salary growth, survey reveals.
Mark Grant, Chief Global Strategist at Alliance Global Partners, recently discussed income tax strategies for retirees on Varney & Co. For those who should be in their prime saving years, actually retiring on schedule has shifted from a reasonable expectation to something of a desperate hope. A recent financial health survey from PwC reveals some […]
Five financial errors people in their 30s and 40s often make
Small Financial Changes for Big Impact As many Americans grapple with escalating financial challenges, experts suggest that even minor adjustments in daily habits can significantly influence long-term wealth. A recent survey indicates that nearly 75% of Americans did not meet their savings and spending objectives last year, reflecting broader financial strains felt nationwide. Many households […]
What to expect when you challenge a credit card charge
Understanding Credit Card Disputes You have up to 60 days from your credit card statement date to dispute a charge. After this period, the protection is no longer applicable. If you spot a charge that seems unfamiliar and fail to take action, you might miss out on addressing an important matter. It’s wise to understand […]
ETFs or mutual funds? A guide to making the right choice in the current market
Investment Choices: ETFs vs. Mutual Funds As many Americans take a more practical look at their finances, a growing number are weighing the options between exchange-traded funds (ETFs) and mutual funds. While both provide straightforward ways to create a varied portfolio of stocks and bonds, there are notable differences between the two that could affect […]