Sean Anthony Eddy | E+ | Getty Images As investors who use exchange-traded funds know, the cost can be a tiny fraction of the assets you invest. Sometimes, ETFs from different providers — i.e., Vanguard, State Street, Charles Schwab, etc. — track the same index (say, the S&P 500), which can make it tempting to…
D3sign | Moment | Getty Images A key year-end deadline is here for many investors — and skipping it could trigger an IRS penalty of up to 25%. But there’s a way to reduce or even eliminate it, experts say. Most retirees must start so-called required minimum distributions, or RMDs, from pretax accounts at age 73….
Catherine Delahaye | Digitalvision | Getty Images The first 10 drugs subject to new Medicare price negotiations will go into effect on Jan. 1, prompting substantial out-of-pocket savings for certain older Americans who rely on those medications. Enrollees in Medicare Part D prescription drug plans may see their out-of-pocket costs for the negotiated drugs fall…
Halfpoint Images | Moment | Getty Images Workers may have a new way to help prepare for a largely unpredictable health-related expense during their golden years. Under a new rule now in effect, 401(k) plans are permitted to let participants take limited penalty-free withdrawals to pay for long-term care insurance, which covers the cost of…
The growing wealth and enhanced spending power of the over-50s is poised to accelerate a range of investment opportunities across multiple sectors in the U.K., according to investors. Market pros say this age group — dubbed the “Grey Pound” or “Silver Spenders” — is gaining greater control over its assets. With greater wealth and more…
Aire Images | Moment | Getty Images As the calendar winds down, there is still time for certain year-end tax moves — but investors need to act quickly, experts say. With the tax season fast approaching, these tactics could boost your refund or reduce taxes owed, depending on how much you’ve already paid. However, most…
Fstop123 | E+ | Getty Images For homebuyers, getting one preapproval for a mortgage that has palatable terms may seem good enough. More than two-thirds — 69% — of homebuyers submit only one mortgage application, according to a new report from Zillow. However, you shouldn’t stop there, experts say. With the average interest rate on…
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…
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,…
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…
