Middle-class families have heavy 2025 burden hanging over their heads. Surprisingly, it’s not because of technological advancements or some political upheaval — rather because of a little-known tax penalty associated with inherited Individual Retirement Accounts (IRAs). The penalty is intended to encourage easier tax record keeping and prevent the buildup...
Beneficiaries of inherited IRAs need to know about upcoming changes to required minimum distributions (RMDs). Missed RMDs will incur a penalty starting in 2025. The IRS released regulations last year outlining rules for RMDs from inherited IRAs. These laws require that some heirs receive regular RMDs each year while draining...
Retirees who will turn 73 this year have an important deadline coming up to avoid a costly tax penalty. The first required minimum distribution (RMD) year must be taken by April 1 of the year after they turn 73. Failing to meet this deadline could result in a costly 25%...
We hear about it constantly. Famed for it being a leading indicator of economic prosperity, a weather vane on the roof of our national wallet. But is it really the gold standard, best measure ever, metrics by which all other metrics should be judged? As a journalist who has spent...
Ever been sold your insurance policy as not just a safety net but a wise financial move, too? It’s a dangerous proposal, I recognize. Imagine the opportunity of having the benefit of protection along with the potential for financial growth. You’ll have a chance to hear directly about what’s new...
Artificial intelligence has gone from an imagined technological fantasy to an integral part of our everyday lives. From super-personalized recommendations on our separate site OverTraders.com to the algorithms that are reshaping our financial markets, AI’s influence can’t be overstated. This rapid integration comes with a chilling undercurrent: the potential for...
The quick fix is perhaps the most potent temptation of all, particularly in the realm of weight loss. We know we’re all living in a world bombarded with images of unrealistic bodies. After all, the allure of losing weight with no effort — just a prescription — is difficult to...
The digital world is the new great power arena, and America’s technological dominance is being threatened. China’s acceleration to establish itself as a technology superpower arguably presents the most consequential challenge. To remain secure and keep America first in innovation, the United States needs an urgent and fundamental recalibration of...
The excitement over the new miracle weight loss drugs is surely overwhelming your ears. Promising quick results, these drugs are rapidly gaining traction, fueled by aggressive marketing and the desperation of millions struggling with obesity. A crucial question lingers: Are we prioritizing a quick fix over sustainable, long-term solutions? I’m...
The financial media loves to sell an image of recessions as cleansing fires, roasting out all the weak businesses and uncovering all those buried opportunities. I consider this narrative very perilously rosy. Though some will come through untouched, or perhaps even in a more advantageous position, the truth is much...
In the digital age, transparency and national security are no longer easy to distinguish. This is a recipe for disaster with a minefield of easily avoidable breaches which can have catastrophic impacts. I strongly agree that leaking sensitive information is a treasonous crime. When these types of breaches threaten our...