Most working adults feel behind when it comes to their retirement savings. But when broken down by generation, Gen Xers are the least financially prepared generation for retirement by nearly every measure, according to a new research paper by Alliance’s Retirement Income Institute. “While Baby Boomers dominate the headlines, Generation X faces an even greater…
Jetcityimage | Istock | Getty Images The U.S. Department of the Treasury has announced new rates for Series I bonds. Newly purchased I bonds will pay 4.03% annual interest from Nov. 1 through April 30, which is up from the 3.98% yield offered through Oct. 31. The new rate includes a variable portion of 3.12%,…
Halfpoint Images | Moment | Getty Images The new 2.8% cost-of-living adjustment doesn’t just increase Social Security checks, starting with January payments — it also boosts thresholds related to the maximum retirement benefit. The maximum Social Security benefit for workers who claim at full retirement age will increase to $4,152 per month in 2026, up…
Even as a record number of Americans are reaching retirement age, many adults have not considered the impact that inflation and Social Security benefits will have on their financial future. A new global survey by Prudential found 89% of wealthy U.S. adults polled said they are confident they’d be able to cover essential costs in…
If you inherited an individual retirement account, there is a key change for 2025 that — without action on your part before year-end — could trigger an IRS penalty of up to 25%. Starting in 2025, certain non-spouse heirs, including adult children, must start taking required minimum distributions, or RMDs, while emptying their inherited IRA…
Jasondoiy | E+ | Getty Images The Social Security cost-of-living adjustment will be 2.8% in 2026, the Social Security Administration said on Friday. Social Security retirement benefits will increase by about $56 per month on average starting in January, according to the agency. The COLA provides an annual adjustment to both Social Security and Supplemental…
Prasit Photo | Moment | Getty Images Demand for exchange-traded funds is soaring as investors shift to lower-cost, tax-friendly options that are easier to buy and sell. But many people don’t know what they are purchasing, and mistakes could hurt their returns, financial experts say. The ETF market has surpassed $11 trillion, near a…
D3sign | Moment | Getty Images The IRS has unveiled the capital gains tax brackets for 2026, with higher earnings limits for the 0% rate. That could offer tax planning opportunities for many investors, financial experts say. The bigger limit is “pretty incredible, especially in years like this where the market’s been roaring,” said Tommy…
Pra-chid | Istock | Getty Images The IRS has announced new federal income tax brackets and standard deductions for 2026. In its announcement Thursday, the agency raised the income thresholds for each bracket, which apply to tax year 2026 for returns filed in 2027. The IRS also boosted figures for other provisions, including long-term capital gains…
Commuters cross the street near the Federal Aviation Administration (FAA) headquarters on October 1, 2025 in Washington, DC. Al Drago | Getty Images News | Getty Images Government shutdowns have historically been an precarious time for federal workers, both for those required to remain on the job without pay and those furloughed. This shutdown comes…
