President Trump’s threat of reciprocal tariffs to be levied on trading partners in the months ahead would hit the roughly $600 billion worth of goods imported from European Union member […]
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Credit card debt hit a record $1.21 trillion — here’s why ‘no one should be surprised,’ expert says
Collectively, Americans owe a record $1.21 trillion on their credit cards, according to a new report from the Federal Reserve Bank of New York. Consumer spending has remained remarkably resilient, even in […]
Why benefit increases prompted by the Social Security Fairness Act may be difficult to implement
A new law, the Social Security Fairness Act, provides benefit increases for more than 3.2 million individuals including certain teachers, police officers, firefighters and other public servants. Yet the Social […]
Social Security benefits increased by 2.5% in 2025. Why retirees may feel it’s not enough
Millions of Social Security beneficiaries have received their first benefit checks for 2025. That includes a more modest 2.5% cost-of-living adjustment, the lowest increase since 2021. Still, retirees face a […]
There’s a ‘big change’ for inherited IRAs in 2025, advisor says. Here’s how to avoid a penalty
Starting in 2025, certain heirs with inherited individual retirement accounts must take required withdrawals every year or face an IRS penalty. The rule covers most non-spouse beneficiaries if the original […]
