The IRA contribution limit rose to $7,500 for 2026
Workers saving for retirement got a concrete, if modest, boost when the IRS set the annual individual retirement account contribution limit at $7,500 for 2026, up from $7,000 in 2025. The agency also raised the IRA catch-up contribution limit for savers aged 50 and older to $1,100, compared with $1,000 for 2025. These adjustments, driven […]
Read MoreThe IRA contribution limit rose to $7,500 for 2026
Workers saving for retirement got a concrete, if modest, boost when the IRS set the annual individual retirement account contribution limit at $7,500 for 2026, up from $7,000 in 2025. The agency also raised the IRA catch-up contribution limit for savers aged 50 and older to $1,100, compared with $1,000 for 2025. These adjustments, driven […]
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Insurance & Protection
Florida’s state insurer is cutting home premiums 8.7% on June 1 — its first rate cut since 2015, even as Florida still pays double the national average
More than 330,000 Florida homeowners will see lower bills from the state’s insurer of last resort starting June 1, when…
Personal Finance
Insurance & Protection
Florida’s state insurer is cutting home premiums 8.7% on June 1 — its first rate cut since 2015, even as Florida still pays double the national average
More than 330,000 Florida homeowners will see lower bills from the state’s insurer of last resort starting June 1, when…
Markets & Investing
Banking & Credit Cards
Credit Cards & Rewards
The average credit card now charges 21% interest — near the highest rate ever recorded
Americans carrying a balance on their credit cards are paying more in interest than at almost any point in modern history. As of February 2026,...
Credit Cards & Rewards
Americans’ credit card balances actually fell to $1.252 trillion — the first drop in years
American households saw their combined credit card debt dip to $1.252 trillion in the first quarter of 2026, breaking a streak of quarterly increases that...
Loans & Lending
Graduate student loans will cost 8.07% for anyone borrowing after July 1, the highest rate in three years
Graduate students who borrow federal Direct Loans after July 1, 2026, will pay a fixed interest rate of 8.07 percent, the steepest borrowing cost for...
Fraud & Scams
A courier who drove more than $1 million in gold bars from elderly scam victims to his bosses was sentenced to more than 15 years
Syed M. Makki, a 38-year-old Indian citizen living in Illinois, was sentenced to 15 and a half years in federal prison for driving more than...
Bank Accounts & Fees
Bonus checking accounts at Chase, Truist, and U.S. Bank pay $300 to $700 for setting up direct deposit — but the bonus is taxable, reported on a 1099 next January
Switch your direct deposit to a new checking account at Chase, Truist, or U.S. Bank and the bank will pay you a cash bonus, typically...
Fraud & Scams
Older Americans handed $333 million to scammers through Bitcoin ATMs last year — Indiana became the first state to ban the machines outright on March 9
The scam almost always follows the same script. A phone rings. The caller claims to be from the IRS, a bank’s fraud department, or a...
Real Estate
Mortgages & Rates
Cash-out refinances just hit a 14-year high — homeowners are trading sub-3% mortgages for 6.51% to pay off credit cards, often adding $900 a month to the payment
Somewhere in America, a homeowner who locked in a 2.75 percent mortgage during the pandemic is sitting at a kitchen…
Retirement & Taxes
Medicare’s new $50 weight-loss drug benefit could cost taxpayers billions, analysts warn before its July 1 launch
Social Security’s full retirement age finally reaches 67 this November for everyone born in 1960 — and claiming at 62 locks in a 30% smaller check for life
Workers 50 and older who earn more than $150,000 must now make their 401(k) catch-up contributions in a Roth, with after-tax dollars
Medicare will cover Wegovy and Zepbound for a $50 copay starting July 1, its first obesity-drug coverage in over 20 years
The IRS shut down its free Direct File program for the 2026 tax season, ending government-run filing in 25 states
The IRS pays 8% interest on any federal refund delayed past 45 days — the rate just reset for Q3 2026, and the agency owed billions to late filers
Form 5498 quietly reports every IRA contribution to the IRS each May — it’s the form that proves your basis and stops the IRS from taxing you twice in retirement
SECURE Act 2.0 forces most non-spouse heirs to drain inherited IRAs within 10 years — but spouses, minor children, and disabled beneficiaries can still stretch withdrawals
Treasury Hunt at TreasuryDirect finds forgotten paper savings bonds by Social Security number for free — every Series H and HH bond in America stopped earning interest in August 2024
The SALT cap just quadrupled to $40,400 for single filers under the OBBB — for the first time since 2017, blue-state taxpayers can deduct most of their state taxes
The IRS holds about $1 billion in tax refunds nobody filed for — and you have three years from a return’s due date before the money disappears for good
A new Social Security retirement calculator went live inside the my Social Security portal this month — it shows your monthly check side by side at every claiming age
Roth IRA contributions can be pulled out tax-free and penalty-free at any age — only the investment gains have an age-59½ and five-year rule attached
If you haven’t rebalanced your 401(k) since 2022, the stock-and-bond mix that felt safe then is wildly different now — most plans rebalance with two clicks
Most states give a tax deduction for 529 contributions even if you withdraw the money the same month — a same-year parking trick that trims state tax bills
A self-employed worker can stash up to $70,000 a year in a solo 401(k) — the same retirement vehicle big-company employees use, with no employer match required
Wartime veterans and their surviving spouses can claim up to $2,873 a month in Aid and Attendance pension — yet many families miss it because the rules sound too narrow