IRS reveals new 401(k) contribution limits for 2026, increases savings cap
IRS Announces New 401(k) Contribution Limits for 2026 The IRS recently unveiled updates to the 401(k) contribution limits for 2026. In a release on Thursday, the agency increased the deferral limit for employees, raising it from $23,500 in 2025 to $24,500 next year. This adjustment impacts 401(k), 403(b), and most 457 plans, as well as […]
“We’re feeling discontented.” My wife and I are retired in Wisconsin with two pensions and an annual income of over $75,000. However, our retirement savings decreased by $45,000 this year. We need help.
“My wife and I are retired and living in Wisconsin, collecting Social Security. I also have two pensions and earn over $75,000 each year. Earlier this year, I noticed a drop of $45,000 in my retirement savings. I currently work with two financial advisors, but I’m not satisfied with the results. Should I consider hiring […]
Connecticut man loses all his life savings of $228,000 in an investment scam
In Shelton, Connecticut, a man named Joe A. thought he had struck gold when he got an email about a cryptocurrency investment opportunity. After his divorce, he hoped this would help him recover financially. Unfortunately, it led to a total loss of his savings. Joe’s experience underscores how easily people can be lured into online […]
These 10 states provide the greatest property tax savings for homeowners in the U.S.
Florida CFO Launches Audit to Address Rising Property Taxes Florida’s Chief Financial Officer, Blaise Ingoglia, has initiated an audit involving Broward, Gainesville, Orange, and several other counties, aiming to tackle the ongoing issues of increasing property taxes and government overspending. Across much of the U.S., property taxes are on the rise, but the impact can […]
Struggling governments are looking more at people’s retirement savings, and experts are raising concerns.
As financial pressures from aging populations and the debts accrued during the pandemic grow, governments are increasingly looking at a new source of funding: people’s retirement savings. According to the Mercer CFA Institute Global Pension Index, pension fund assets in the OECD have more than tripled since 2003, reaching $63.1 trillion in 2024. This significant […]
Mississippi father confesses to taking $10,000 from his 4-year-old’s savings.
Controversy Surrounds Mississippi Mail Carrier A mail carrier in Mississippi has stirred significant backlash after revealing on a YouTube economics show that she took $10,000 from her 4-year-old son’s savings account to fund a series of vacations. Strangely, she stated that she feels no regret about it. The 28-year-old individual, known as Christian, confessed during […]
Generation X confronts the reality of retirement as savings prove inadequate
Generation X Faces Retirement Challenges Generation X is set to be the next group to retire following the baby boomers, but many are encountering a tough reality check regarding their retirement funds. Experts highlight that numerous workers simply don’t have enough savings for a comfortable retirement. Gallup reports that about 40% of Americans lack money […]
4 Clever Ways Americans Are Ensuring Their Retirement Savings Endure
Concerns Over Retirement Savings Among Americans Many people in the U.S. express worries about their financial situation, particularly when it comes to being able to retire comfortably. According to a recent survey from U.S. Bank, close to half of Americans—47%—lack confidence in their ability to save adequately for retirement. Interestingly, however, some folks are feeling […]
I’m 53 and had to retire. I have $700K invested that brings in $50K a year, along with $320K in retirement savings. What should I do now?
Investment Strategy Even if you’ve got a decent amount saved up, relying heavily on MLPs can expose you to unnecessary risks. “Diversifying your portfolio can lead to a more stable income during retirement,” says Ryan Heiss, a certified financial planner with Flynn Zito Capital Management. A good financial planner can definitely assist with this. The […]
7 alarm clocks that really help you wake up after daylight savings time ends
Best Alarm Clocks for Daylight Saving Time As daylight saving time wraps up next week, many will find it a bit tougher to rise and shine in the morning. Whether you prefer a gentle sunrise alarm that softly eases you awake or a more traditional buzzer that might even wake the neighbors, we’ve compiled a […]