Vladimir Vladimirov | E+ | Getty Images For victims of fraud, a second financial blow sometimes comes their way — they owe taxes on the stolen money. Scam victims have faced restrictions on whether they can claim their losses as a deduction on their tax return since 2018, due to a temporary change under the…
Franckreporter | E+ | Getty Images Artificial intelligence has prompted concerns that workers — particularly young professionals — could be replaced by advancing technology. Yet signs are emerging that older workers are also affected, according to a new paper from the Center for Retirement Research at Boston College. Workers aged 55-plus in AI-exposed industries are…
U.S. President Donald Trump speaks during an event to mark the launch of “Trump Accounts” in the Oval Office at the White House in Washington, D.C., U.S., July 6, 2026. Evan Vucci | Reuters Trump Accounts officially launched on July 4, introducing a new tax-deferred investing option for children. Unlike 529 college savings plans and…
Catherine Delahaye | Stone | Getty Images Trump Accounts could provide kids in the foster care system with a more secure financial footing in adulthood, advocates say — but there are still some key details to work out. Under an initiative announced in early June by First Lady Melania Trump in conjunction with the U.S….
Bojanstory | E+ | Getty Images Trump accounts — set to officially launch July 4 — are aimed at helping the youngest Americans get an early start on building long-term financial security through investing. Whether that will reduce the retirement savings gap that women face is less certain, experts say. Research shows that although women…
Kathrin Ziegler | Digitalvision | Getty Images Individual retirement account assets dwarf those of 401(k) plans. IRAs held about $19.2 trillion at the end of 2025, while 401(k)s held $10.1 trillion, according to the Investment Company Institute, a trade group representing asset managers. Yet, relatively few people contribute money directly to IRAs. And, their annual…
Rainstar | E+ | Getty Images For the fifth year in a row, imposter scams ranked as the most reported type of fraud in 2025, according to the Federal Trade Commission’s latest data. While 80% of the roughly 1 million who filed an imposter scam report didn’t lose money, the other 20% lost a collective…
A person holds a sign reading “Save Our Social Security” during a rally against President Donald Trump’s tax plan, near the U.S. Capitol in Washington, April 10, 2025. Bryan Dozier | Afp | Getty Images Washington lawmakers have a new deadline by when to fix Social Security‘s retirement trust fund, based on a new annual…
Johner Images | Johner Images Royalty-free | Getty Images Americans are increasingly worried that retirement will be less secure for them than it was for their parents. About 76% of workplace savers surveyed said they believe their generation will have less certainty about retirement income than previous generations, according to a new BlackRock survey. The…
Valentinrussanov | E+ | Getty Images Women tend to save more of their paycheck for retirement than men, but still trail them in 401(k) account values, new research shows. The average 401(k) balance among men in 2025 was $194,597, compared with $146,476 for women, according to Vanguard’s new 2026 How America Saves report, which looks…
