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The Money Overview

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Tyler Foster

Latest Articles by Tyler Foster

Social Security & Medicare

Four senators from both parties are urging Congress to act, warning Social Security’s main trust fund falls short in 2032

Tens of millions of Americans who depend on Social Security face a benefit cut of roughly 22 percent in just six years unless Congress acts....

Cost of Living

$95 billion in rate increases is being sought by utilities across 49 states, as home power bills rose 10.2% in a year

Households across nearly every U.S. state face the prospect of sharply higher electricity costs as utilities press regulators to approve what amounts to $95 billion...

Retirement Planning

$35,000 can move from a 529 college plan into the beneficiary’s Roth IRA over time

Families with leftover 529 college savings can now shift up to $35,000 into a beneficiary’s Roth IRA, but only if the account has been open...

Insurance & Protection

Heated insoles sold on Amazon are recalled after 26 fires and 23 burns

The U.S. Consumer Product Safety Commission has told consumers to immediately stop using COOWALK and COOWALI heated insoles after 26 reports of fires, explosions, and...

Cost of Living

Fresh vegetables cost about 12% more than a year ago, among the fastest-rising items at the grocery store

American grocery shoppers are paying sharply more for fresh vegetables than they did a year ago, with prices climbing approximately 11.9% between May 2025 and...

Insurance & Protection

$1,000 in extra HSA contributions is allowed each year once you turn 55

Americans who hold a high-deductible health plan and turn 55 gain the right to contribute an extra $1,000 per year to a health savings account,...

Mortgages & Rates

Putting a lump sum toward your mortgage and recasting lowers the payment without refinancing

Homeowners sitting on a windfall, whether from an inheritance, a bonus, or the sale of another asset, can cut their monthly mortgage payment without the...

Retirement Planning

$8,000 in extra 401(k) catch-up contributions is allowed once you turn 50

Workers who turn 50 by the end of 2026 can stash an additional $8,000 in their 401(k) plans on top of the standard elective deferral...

Social Security & Medicare

A six-month window after Medigap starts lets you buy any plan with no health questions

People turning 65 and enrolling in Medicare Part B get exactly one protected window to buy a Medigap supplement plan without answering a single health...

Insurance & Protection

$1,904 a year is the new average premium for subsidized Obamacare buyers, nearly double the $888 they paid before enhanced credits expired

Millions of Americans who buy health coverage through the Affordable Care Act marketplaces are now paying roughly twice what they paid a year ago. Average...

Insurance & Protection

Smoke and carbon-monoxide alarms sold on Amazon are being recalled because they can fail to warn of a fire

Combination smoke and carbon monoxide detectors sold exclusively through Amazon are being recalled after regulators found the devices can fail to sound an alarm during...

Government & Policy

Starting January 2027, Medicaid will require many adults to work or volunteer 80 hours a month to keep their coverage

Starting in January 2027, many low-income adults on Medicaid will have to document at least 80 hours a month of work, school, or community service...

Cost of Living

Kroger says it will make its biggest grocery price cuts in years to compete with Walmart and Costco

Kroger plans to cut prices on thousands of grocery items in what the retailer calls its broadest reductions in years, a direct bid by CEO...

Government & Policy

An estimated 5.3 million more people could become uninsured as Medicaid adds work requirements

Millions of adults who currently receive Medicaid coverage face the prospect of losing it under a new federal rule that ties eligibility to monthly work...

Smart Spending

Vornado is recalling tower heaters tied to eight fires and dozens of overheating reports

About 255,000 Vornado SRTH Small Room Tower Heaters are being pulled from the market after federal regulators linked the product to eight fires and dozens...

Insurance & Protection

Molina Health will pay $319 to $638 with no proof to people who got wrong-number robocalls, if they file by July 6

People who received unwanted robocalls from Molina Healthcare on the wrong number can collect between $319 and $638 per claim without providing any proof of...

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