The IRS Revises Rules for Retirement Contributions Following SECURE 2.0 Act
Roth IRA vs. Traditional IRA: Understanding Retirement Contributions Deciding whether to contribute to a retirement account using traditional or Roth methods is a common dilemma. The Safe 2.0 Act has changed various aspects of retirement savings, affecting mandatory withdrawal dates and catch-up contribution rules. Notably, some taxpayers may now need to use after-tax funds for […]
Three reasons to halt contributions to your retirement account now
If enough is enough, there are points. Many working Americans who engage with personal finance content often come across a familiar idea: save, save, save more for retirement. But, really, what does that look like? Most people can rely on receiving Social Security benefits each month; however, these payments often fail to cover living expenses. […]
Reasons behind Sherwin-Williams reducing 401(k) contributions: The Wake Up for Friday, Sept. 5, 2025
The financial outlook is grim. In July, Ohio’s unemployment rate increased to 5%, up from 4.9% in June and a notable rise from 4.3% a year prior. Meanwhile, US GDP growth has dropped significantly. For the first time since April 2021, there are fewer job openings than unemployed people in July. Last month, President Trump […]
Roth IRA and Roth 401(k) contributions: ‘It’s strength versus choice,’ advisor says
laylabird | E+ | Getty Images Contributing to a Roth 401(k) or a Roth IRA can be a strong strategy for accumulating wealth for retirement. However, there isn’t a tax-free upfront payment for these contributions, which means you won’t avoid taxes when withdrawing in retirement. Additionally, the original account holder isn’t required to withdraw funds. […]
Tech company employees lead contributions to Mamdani campaign, posing a challenge for Google and Meta.
Tech Workers Rally Behind Zohran Mamdani’s Mayoral Campaign Significant support for Zohran Mamdani’s mayoral bid has come from large tech companies, notably Google and Meta. This situation is raising concerns for major corporations, as they may face the consequences of policies advocated by this self-identified democratic socialist. The 33-year-old has surprised many in New York’s […]
Updated guidelines for deductible charitable contributions
Individuals contributing to tax-exempt charities or nonprofits need to pay attention to upcoming changes that will affect the deductibility of their donations. Recent adjustments in the federal tax and spending legislation signed by President Donald Trump will have implications for those claiming standard deductions and those who itemize their deductions—essentially when the total of itemized […]
Trump’s tax plan could significantly alter charitable contributions and college endowments.
A recent tax and spending bill, once referred to as “one big and beautiful bill,” has been approved by Congress and signed into law by President Trump. Starting next year, Americans can expect a number of changes in tax policy coming from this legislation. Recently enacted, the law continues the tax cuts initiated in 2017 […]
Trump Hits Spain with Increased Tariffs for NATO Contributions
Spain’s NATO Defense Spending Controversy This week, Spain stood out as the only NATO member not agreeing to a significant increase in defense spending, drawing criticism from President Donald Trump, who hinted at potential tariffs as a consequence. Instead of increasing their contributions to NATO, Spain may face higher tariffs on trade, as the government […]
Bernie Sanders describes Elon Musk’s contributions to the Trump campaign as ‘ridiculous’ — then Joe Rogan references the billion-dollar Harris campaign
Bernie Sanders Critiques Elon Musk’s Political Donations on Joe Rogan’s Podcast Senator Bernie Sanders, known for his leftist views, attempted to address the issue of campaign contributions from the right during his appearance on Joe Rogan’s popular podcast. However, Rogan quickly redirected the conversation, challenging some of Sanders’ points. During the discussion, Sanders specifically pointed […]
Trump Shares Message from NATO Leader Complimenting Him on Securing Defense Contributions from Allies
Trump Commends NATO’s Increased Defense Spending President Donald Trump shared a message from General Mark Latte, the executive director of NATO, who praised member countries on Tuesday for agreeing to a significant boost in defense spending. This announcement came as Trump was en route to the Netherlands for a NATO leaders’ summit. Reportedly, Trump posted […]