South_agency | E+ | Getty Images For older Americans, financial fraud can be a very costly mishap. Last year, scams reported to the Federal Trade Commission by adults age 60 and older reached $2.4 billion, up 26.3% from $1.9 billion in 2023 and 300% from $600 million in 2020, according to the FTC’s annual report…
Senate Minority Leader Chuck Schumer, a Democrat from New York, right, and Sen. Raphael Warnock, a Democrat from Georgia, depart following a news conference at the Capitol on Dec. 11, 2025. The Senate rejected a Republican plan to replace expiring Obamacare subsidies with federally funded health savings accounts, teeing up a vote later in the…
Halfpoint Images | Moment | Getty Images Millions of student loan borrowers whose payments are paused may soon have to start paying, under a Trump administration proposed settlement announced this week. Experts say the timeline could be short, and borrowers need to start planning. The agreement centers on borrowers who signed up for the Biden…
Alessandro Biascioli | Istock | Getty Images Social Security beneficiaries will soon receive statements showing how much of their total benefits received in 2025 may be subject to federal taxes. Changes enacted by Congress this year mean there’s more reason to pay attention to those tax documents. The forms, known as the SSA-1099 or SSA-1042S,…
The U.S. Capitol in Washington, Dec. 8, 2025. Speaker Mike Johnson is pushing to unveil a Republican health-care bill in the coming days for a vote by the end of the month, but the move is unlikely to resolve a congressional deadlock over expiring Obamacare subsidies. Graeme Sloan/Bloomberg via Getty Images Congress is still deadlocked…
Cravetiger | Moment | Getty Images Nearly all 401(k) plans now allow for workers to save money in Roth accounts, after legislative changes led adoption to jump significantly in recent years. A Roth account is funded with after-tax money. Savers pay income tax up front on their 401(k) contributions but don’t pay tax when they…
Kate_sept2004 | E+ | Getty Images As 2025 winds down, many financial advisors are preparing for 2026, which will bring key changes to saving for retirement in 401(k) plans. Among those shifts are contribution limit updates and a major tax change for certain investors, which could affect long-term planning. “The most impactful change for next…
Kristin Collier Courtesy: Emily Baxter When Kristin Collier applied for a credit card at age 22, she said, she was surprised to learn that her application was denied. That’s when she discovered that there was over $200,000 in debt under her name that she didn’t know anything about — including several student loans and credit…
Jacob Wackerhausen | Istock | Getty Images Earlier this week, the White House — in conjunction with Michael Dell, founder and CEO of Dell Technologies, and his wife, Susan — announced one of the largest donations ever to benefit American children. The Dells’ $6.25 billion pledge goes hand in hand with a new federal government program…
Richard Stephen | Istock | Getty Images Even before they start receiving Social Security checks, millions of Americans rely on the Social Security Administration for information on when to claim retirement benefits and for help if their Social Security number has been compromised. This week, the House of Representatives passed several bills aimed at improving…
