I’m 65. What changes should I anticipate regarding HSA withdrawal rules?
Using HSA for Medicare Premiums Dear Liz: I’m 65 years old. Can I use a Health Savings Account to pay for Medicare premiums? I don’t yet collect Social Security. Answer: If you have an HSA, you can make tax-free withdrawals to cover your Medicare premiums. Just keep in mind, once you enroll in Medicare, you […]
Effective Approaches to Increasing Initial Withdrawal Rates in Retirement
If you’re looking for some flexibility in your retirement finances, there’s often room to withdraw more than the classic 4% rule. That’s a primary takeaway from our latest survey on safe withdrawal rates. Together with my colleagues, we examined various methods retirees might adopt for managing their withdrawals from their portfolios, testing a total of […]
US Ambassador Provokes Poland With Troop Withdrawal Following Polish Official’s Criticism of Trump
US-Poland Relations Strained After Ambassador’s Remarks This week, tensions flared between Washington and Warsaw following remarks made by the US ambassador to Poland, who seemed to take a leading role in addressing an attack on President Donald Trump by Poland’s parliament speaker. The dispute kicked off when Włodzimierz Czarzasty, the speaker of Poland’s parliament, publicly […]
Stellantis stock falls sharply due to $26.5B charge linked to EV withdrawal
Stellantis Sees Major Stock Drop Following Business Overhaul Announcement On Friday, shares of Stellantis, the parent company of brands like Jeep and Dodge, plummeted by 25%. This decline followed the disclosure of a hefty $26.5 billion charge intended for restructuring efforts, which notably includes stepping back from electric vehicle (EV) initiatives. In early trading on […]
Report Indicates China’s Withdrawal from Business in Panama Following Canal Ruling Loss
China Halts Projects in Panama Following Supreme Court Ruling Business media outlet Bloomberg reported that anonymous sources have indicated the Chinese Communist Party has instructed a pause on projects in Panama. This decision came after Panama’s Supreme Court ruled that a contract which granted Hong Kong companies significant authority over the Panama Canal was unconstitutional. […]
Reasons behind Philip Rivers’ withdrawal from the Bills’ coaching search
Philip Rivers Considered for Bills’ Head Coach Position Philip Rivers was initially seen as a strong candidate for the head coaching role with the Buffalo Bills. However, on January 27, the Bills appointed Joe Brady as their new head coach instead. That being said, Rivers, an experienced quarterback with 18 seasons in the NFL, did […]
WHO states that the US withdrawal makes the world “less secure”
WHO Warns Against U.S. Withdrawal The World Health Organization expressed concern on Saturday, stating that the U.S. pulling out from the organization would make both the country and the globe “less safe.” In a statement released on January 24, WHO stated that it “deplores the United States’ notice of withdrawal from the WHO, a decision […]
Trump administration completes process for US withdrawal from WHO
U.S. Withdraws from the World Health Organization The United States has officially completed its exit from the World Health Organization (WHO), as announced by the Department of Health and Human Services (HHS) on Thursday. This marks a significant shift in U.S. involvement in global health initiatives. President Trump initiated the withdrawal on his first day […]
Trump declares the withdrawal of federal funds from sanctuary states and cities
Trump Announces Funding Cuts to Sanctuary Cities President Donald Trump has stated that he plans to cut federal funding to sanctuary cities and states starting in February, claiming these jurisdictions harbor criminals and contribute to crime and fraud. This decision comes amid a broader immigration crackdown taking place across the nation. During a speech at […]
Planning to Retire Soon? This New Withdrawal Rate Questions the 4% Rule, Report Indicates
Key Takeaways A recent analysis from Morningstar indicates that starting with a 3.9% withdrawal rate may allow retirees to avoid running out of money over a 30-year span. Delaying Social Security benefits until age 70 can boost overall retirement income, although this may require some immediate budget adjustments. You’ve been putting in the effort to […]