M Swiet Productions | Getty Images Gregory Hutchison, 72, is living most people’s retirement dream. After a nearly 44-year career as an expert in information technology at IBM, Hutchison retired in 2021 with close to $1 million in his 401(k). He and his wife sold their home and downsized to a smaller house by the…
Alistair Berg | Digitalvision | Getty Images Older Americans stand to benefit from tax changes in President Donald Trump’s “big beautiful bill,” which went into effect for 2025. “What is the one group of people who are going to be benefiting most from tax changes in the past year? It’s almost certainly going to be…
The U.S. Department of Labor headquarters building in Washington, June 21, 2024. J. David Ake | Getty Images News | Getty Images A rule that aimed to raise investment-advice protections for retirement savers has died in court — now, effectively, for the second time. Some legal experts said the outcome could lead unwary retirement investors…
Pheelings Media | Istock | Getty Images The average tax refund is 10.9% higher so far this season, compared with about the same period in 2025, according to the latest IRS filing data. As of March 20, the average refund amount for individual filers was $3,571, up from $3,221 roughly one year ago, the IRS reported on Friday. The…
Tunyada Kongkapan | E+ | Getty Images A growing number of filers are facing tax refund delays amid a government-wide phaseout of paper checks. House Ways and Means Committee Democrats this week sent another letter to Treasury Secretary Scott Bessent, with “additional concerns” about roughly 1.4 million IRS notices sent to filers about refund delays…
Toucanstudios | E+ | Getty Images Single women have long outpaced single men as homebuyers — and they may be pulling ahead financially as well. Among first-time buyers, single women have a median income of $73,000 compared with $66,400 for single men, according to the National Association of Realtors’ 2025 Profile of Home Buyers and…
Oscar Wong | Moment | Getty Images As headlines swirl about trouble in the private credit market, investors might wonder whether it means significant problems lie ahead for these assets. Right now, pockets of weakness exist. Those shouldn’t be ignored, but they don’t foretell a broad-based meltdown among private credit funds, some financial advisors say….
Chicago attorney Rachel Cohen owes more than $8,000 in federal income taxes — but has intentionally left that balance unpaid. “I’m not paying my federal income tax this year,” Cohen said in a widely viewed TikTok video from March 2 about her decision. The 31-year-old community organizer filed her federal tax return, which shows a…
Granger Wootz | Tetra Images | Getty Images The average tax refund is 10.8% higher so far this season, compared with about the same period in 2025, according to the latest IRS filing data. As of March 13, the average refund amount for individual filers was $3,623, up from $3,271 about one year ago, the IRS reported on Friday….
Photoalto/eric Audras | Photoalto Agency Rf Collections | Getty Images With the federal tax deadline less than one month away, tax refunds are higher on average compared with last year, but the change has been smaller than some early projections. In a January release, the White House said average tax refunds could increase “by $1,000 or…
