Alvaro Gonzalez | Moment | Getty Images If you’re eyeing a Roth conversion, President Donald Trump‘s “big beautiful bill” could make the strategy more complicated, according to financial experts. Roth conversions transfer pretax or nondeductible individual retirement account funds to a Roth IRA, which starts future tax-free growth. The trade-off is paying regular income taxes on the converted…
People shop at a supermarket in Rockville, Maryland, on July 18, 2025. Sha Hanting | China News Service | VCG | Getty Images Social Security beneficiaries may see a 2.7% cost-of-living adjustment in 2026, according to new estimates from policy experts, based on the latest government inflation data. That projected increase would be higher than…
Spencer Platt | Getty Images Inflation held steady in July as price declines for staples like groceries and gasoline helped offset price increases for consumers. However, there were worrying signs under the surface, including evidence that Trump administration policies are stoking inflation for certain goods and services, economists said. Those effects will likely become more…
Johner Images | Johner Images Royalty-free | Getty Images Investors may soon have greater access to private assets — that is, investments that are not publicly traded — in their 401(k) or other workplace retirement plans. Financial advisors say that for many workers, the risks may outweigh the rewards. President Donald Trump signed an executive…
Sales tax free week at the Connecticut Post Mall, in Milford, Conn. Aug. 19, 2024. Connecticut Post/hearst Newspapers | Hearst Newspapers | Getty Images Every year, a handful of states offer shoppers a temporary tax break to encourage spending. This year, some of those “sales tax holidays” are happening as President Donald Trump’s tariffs threaten to…
Bartender Athena Young cleans glasses while speaking to the Review-Journal about the “no tax on tips” policy at Atomic Kitchen in Las Vegas, Wednesday, July 31, 2024. Las Vegas Review-journal | Tribune News Service | Getty Images Maddy Lopez, a bartender in Los Angeles, has spent 25 years working in the restaurant industry, where tips…
Fans enjoy Taylor Swift’s performance during The Eras Tour at SoFi Stadium in Inglewood, California, Aug. 7, 2023. Allen J. Schaben | Los Angeles Times | Getty Images Many Americans have become accustomed to breaking up big purchases with buy now, pay later loans — including tickets for concerts and other live events. Going to…
Alina Rudya/bell Collective | Digitalvision | Getty Images I didn’t think much of my daily cell phone use during a vacation to Paris in May. But by the end of the five-day trip, I’d amassed almost $50 in extra charges — for fairly routine tasks like checking restaurant hours and menus, or researching neighborhood attractions…
Halfpoint Images | Moment | Getty Images Consumers are racing to buy electric vehicles before a fast-approaching deadline to claim tax credits worth up to $7,500, according to auto analysts. Legislation championed by Republicans on Capitol Hill and signed by President Donald Trump in July eliminates the tax breaks — available for new, used and…
10’000 Hours | Digitalvision | Getty Images Criminals are increasingly pilfering the retirement and other financial accounts of older Americans via so-called “imposter” scams, the Federal Trade Commission reported Thursday. The frauds tend to go like this: Scammers conjure a fake crisis and pose as trustworthy sources — perhaps a representative for a bank or…
