IRS issues advice on tips and overtime deductions for Trump workers. What employees should understand.
IRS Guidance on Tax Deductions for Workers As the tax season draws near, the IRS has shared new guidance regarding federal deductions that workers can claim for tips and overtime pay, a result of President Trump’s recent legislation. This guidance outlines how to report these deductions for the upcoming tax year. Yet, tax experts warn […]
Alterations to Social Security in 2026 could affect the retirement age. Here’s what you need to understand.
Social Security Rules Set to Raise Full Retirement Age WASHINGTON — If you’re considering retirement next year, it might be worth reassessing your plans regarding your retirement age. In 2026, long-standing regulations will adjust the age at which retirees can claim full benefits. The full retirement age (FRA) marks the point when individuals are eligible […]
Changes to Social Security in 2026 could affect retirement age. Here’s what to understand.
Decades of Social Security Rules Will Raise Full Retirement Age WASHINGTON — Are you considering retiring next year? It might be a good idea to reassess your plan regarding your retirement age. Starting in 2026, long-standing regulations will raise the age at which retirees can claim full benefits. The full retirement age (FRA) is the […]
A new 401(k) regulation is set for 2026 that will affect many high-earning Americans. Here’s what to understand if you belong to this category.
If you’re in your middle years and earning a good salary, get ready for changes in how you contribute to your 401(k) next year. Back in September, the IRS rolled out new regulations that will alter catch-up contributions starting 2026. Specifically, they’re implementing income tests that could significantly impact high-income earners. So, here’s the crucial […]
Considering a change to Medicare Advantage during Open Enrollment? Here are 5 important points to understand.
Considerations for Medicare’s Open Enrollment Medicare’s open enrollment period has been happening for over a month, and time is running out. You’ve got just a few weeks left to tweak your health insurance plans for 2026. If you’re thinking about switching from Original Medicare to a Medicare Advantage Plan, it’s worth noting that while there […]
What service members and their families should understand about Tricare open enrollment
Military families have until December 9 to make important decisions regarding their health care during Tricare’s open season. Officials from Tricare recently shared details about the anticipated increases in health insurance costs for 2026, aiming to assist families in assessing their choices between Tricare Prime and Tricare Select. Notably, those residing in the Atlanta, Georgia, […]
Thoughtful Writer Offers Insight on Men’s Loneliness Issue. I Understand Because I’ve Experienced It
Understanding the Male Loneliness Crisis The popular narrative around men today often highlights what many are calling a “loneliness crisis.” Former Atlantic writer Derek Thompson recently shared some interesting insights on Substack that challenge this notion. Thompson argues that the issue isn’t exactly about men feeling isolated. Instead, he suggests that the pleasures of online […]
Trump proposes 50-year mortgages — here’s what you should understand
Trump Proposes 50-Year Mortgage Plan to Address Housing Affordability President Trump recently suggested a 50-year mortgage initiative aimed at making homeownership more accessible amid rising home prices and low mortgage demand. It’s a rather audacious idea, and while it has its supporters, there’s some controversy surrounding it. Federal Housing Finance Agency Commissioner Bill Pruitt mentioned […]
Assessing Your Wealth: 5 Essential Indicators to Understand Your Position
Important points Your net worth serves better as a personal benchmark rather than a competition. Keep your debt-to-income ratio under 36% and aim to pay off high-interest debts first. Traditional advice suggests saving 1x your income by age 30, 3x by 40, 6x by 50, 8x by 60, and 10x by 67. Maintain an emergency […]
The IRS is ending a no-cost option for filing tax returns. Here’s what to understand.
IRS Direct File Program Discontinued for Next Year The IRS’s Direct File system, which allowed taxpayers to file their returns electronically for free, will not be available in the upcoming year. This confirmation came from an email sent by IRS official Cynthia Noe to state auditors involved in the program. “IRS Direct File will no […]