Workers still on the job past 73 can delay 401(k) withdrawals until April 1 after retiring if the plan allows it, but 5% owners and IRA owners cannot
Workers who are still employed after they reach 73 may be able to hold off on required withdrawals from the 401(k) at the job where they still work. The IRS says a plan can let them wait until April 1 of the year after they retire. The exception does not reach 5% owners of the […]
Read MoreWorkers still on the job past 73 can delay 401(k) withdrawals until April 1 after retiring if the plan allows it, but 5% owners and IRA owners cannot
Workers who are still employed after they reach 73 may be able to hold off on required withdrawals from the 401(k) at the job where they still work. The IRS says a plan can let them wait until April 1 of the year after they retire. The exception does not reach 5% owners of the […]
Read MorePersonal Finance
Insurance & Protection
Cigna is leaving the ACA marketplace in all 11 of its states for 2027, so enrollees, including early retirees, must pick new plans by Dec. 15 for Jan. 1 coverage
Cigna is leaving the Affordable Care Act marketplace in all 11 of its states for 2027, so enrollees, including early…
Personal Finance
Insurance & Protection
Cigna is leaving the ACA marketplace in all 11 of its states for 2027, so enrollees, including early retirees, must pick new plans by Dec. 15 for Jan. 1 coverage
Cigna is leaving the Affordable Care Act marketplace in all 11 of its states for 2027, so enrollees, including early…
Markets & Investing
Banking & Credit Cards
Bank Accounts & Fees
Bank customers who want to stop a recurring automatic payment must tell their bank at least three business days before it is scheduled, federal rules say
Bank customers who want to stop a recurring automatic payment from their account must notify their bank at least three business days before the transfer...
Fraud & Scams
A man accused of taking part in a fake-psychic mail scheme that allegedly took more than $4 million from thousands of people, many of them elderly, was extradited from Germany to Miami, DOJ says
Mael Chemla, a 61-year-old U.S., French and Israeli national who previously lived in Aventura, Florida, was extradited from Germany to face federal charges over a...
Fraud & Scams
Two Ghana-based romance scam chairmen pleaded guilty in New York federal court and agreed to restitution of $12.5 million and $28.6 million
Isaac Oduro Boateng and Inusah Ahmed, two Ghana-based men the Justice Department calls “chairmen” of a romance-scam organization, pleaded guilty to conspiracy to commit wire...
Credit Cards & Rewards
Citi/AAdvantage Platinum Select cardholders will pay $150 a year instead of $99 starting Jan. 24, 2027, with a Global Entry or TSA PreCheck credit of up to $120 added
Citi and American Airlines will raise the annual fee on the Citi/AAdvantage Platinum Select World Elite Mastercard from $99 to $150 starting Jan. 24, 2027,...
Fraud & Scams
Treasury Secretary Bessent said Oct. 30 that Treasury stopped nearly $190 million tied to overseas fraud and returned more than $100 million to U.S. victims
Treasury Secretary Scott Bessent said in St. Cloud, Minnesota, on Oct. 30 that Treasury has stopped nearly $190 million in funds tied to overseas fraud...
Bank Accounts & Fees
Customers of Louisiana’s MCBANK must schedule bill payments by 2 a.m. on November 9, and the old debit cards stop working on November 16 when the new system goes live
Customers of MCBANK, the Louisiana bank formally named M C Bank and Trust Company, have until 2 a.m. on Monday, November 9 to schedule payments...
Real Estate
Mortgages & Rates
Spouses left off a HECM reverse mortgage can stay after the borrower dies only if married at closing, named in the loan papers and living in the home
Spouses who are not borrowers on a HECM reverse mortgage can stay in the home after the borrower dies only…
Retirement & Taxes
Workers still on the job past 73 can delay 401(k) withdrawals until April 1 after retiring if the plan allows it, but 5% owners and IRA owners cannot
The Labor Department’s Lost and Found database searches private-sector 401(k)s and pensions by Social Security number, but a match does not confirm any money is owed
Working retirees under full retirement age can earn $25,560 in 2027 before Social Security withholds $1 for every $2 above it, up from $24,480
The IRS raised 2027 health savings account limits to $4,500 for self-only coverage and $9,000 for family plans, with a $1,000 catch-up for people 55 or older
Taxpayer Advocate Service says automatic penalty relief would have reached more than 1.5 million taxpayers in fiscal 2025, versus nearly 220,000 who got First Time Abate by asking
Medicare counts a drug plan member’s own spending and Extra Help payments toward the 2027 out-of-pocket cap of $2,400, and state pharmacy assistance may count too
Treasury and the IRS estimate about 3.7 million returns in 2028 will include repayment of excess marketplace subsidies under proposed rules open for comment until Nov. 30
People who have never filed a federal tax return cannot use IRS Direct Pay, which verifies identity against a return from five to six years back
Treasury’s watchdog says the IRS’s screening flagged 14.7 million potential nonfilers for tax year 2022, up 5.9 million from 2015, and a refund on an unfiled return is lost after three years
The IRS charges estates $76 instead of $56 for an estate tax closing letter on requests it receives after October 26, 2026
WakeMed’s Raleigh hospitals rejoined UnitedHealthcare employer plans October 15, but stay out of network for UnitedHealthcare Medicare Advantage members
The IRS says married couples who are both 65 or older by December 31 can take up to $12,000 in senior deductions on a joint 2026 return
The White House says South Carolina taxpayers averaged $3,476 refunds, and about a million seniors there gain from Trump’s senior deduction
SSI recipients get January’s higher payment on December 31, leaving no regular SSI deposit in January
Social Security now charges $75 to copy an electronic folder, $151 for a paper folder and $22 for a Numident record on requests from October 1
The IRS gives nine Nebraska counties until February 1 to file, and moves the November 2 payroll return deadline with it