Tyler Foster
Latest Articles by Tyler Foster
Converting a traditional IRA to a Roth in a low-income year can cut your lifetime tax bill
Retirees sitting on six-figure traditional IRA balances face a tax timing problem that grows more expensive every year they ignore it. The IRS allows taxpayers...
A free IRS PIN blocks scammers from filing a tax return in your name
Every year, criminals steal billions of dollars by filing fake federal tax returns before the real taxpayer can. The IRS offers a free, six-digit Identity...
$1,676 is the Medicare Part A hospital deductible, and it resets with each benefit period
Medicare beneficiaries who need more than one hospital stay in a year can face the same $1,676 deductible each time, a cost structure that catches...
$5,000 on a card at 22% takes over a decade to clear at the minimum payment
Cardholders carrying a $5,000 revolving balance at 22 percent annual interest face a repayment timeline stretching well beyond a decade when they send only the...
A free credit freeze at all three bureaus blocks crooks from opening new loans in your name
Anyone whose personal data has been exposed in a breach can now lock down all three credit bureaus at no cost, stopping thieves from taking...
The 30-year mortgage sits near 6.5%, and the Fed now hints its next move could be a hike, not a cut
Home buyers shopping for a mortgage this week face a 6.47 percent average rate on a 30-year fixed loan, and the Federal Reserve just signaled...
At what income does Medicare add a surcharge in 2027? It starts at $111,000 for singles, $222,000 for couples
Millions of Medicare beneficiaries will pay more than the standard Part B and Part D premiums in 2027 if their modified adjusted gross income crosses...
Leaving a job? COBRA lets you keep your health plan 60 days, at full price
Workers who lose employer-sponsored health coverage face a tight deadline and a steep price increase if they want to keep the same plan. Federal law...
$2,500 can come out of a 401(k) for long-term-care premiums, penalty-free
Workers saving for retirement now have a narrow but real escape valve for one of the fastest-growing costs in American life: long-term care insurance. Under...
An ABLE account lets people with disabilities save tens of thousands without losing federal benefits
Millions of Americans with disabilities face a harsh financial trap: save more than $2,000 in countable resources and lose access to Supplemental Security Income and,...
Adults 60 to 64 must now prove SNAP work rules or lose their food benefits
Hundreds of thousands of Americans between 60 and 64 who rely on SNAP benefits now face a new requirement: prove they are working, in a...
Delay your first required IRA withdrawal to April after turning 73 and you’ll owe two in the same year
Retirees who turned 73 in 2024 or 2025 face a tax trap if they chose to delay their first required minimum distribution from an IRA....
401(k) savers could set aside $25,000 in 2027, a projected $500 jump from this year
Workers who max out their 401(k) contributions each year could soon have room for an additional $500 in tax-deferred savings. The IRS set the 2026...
Harley-Davidson is recalling nearly 90,000 motorcycles over an oil leak that can cause a crash
Harley-Davidson is recalling nearly 90,000 Softail, Touring, and Trike motorcycles from model years 2023 through 2026 because a defective airbox backplate can leak engine oil...
Leftover 529 college savings can roll into the child’s Roth IRA, up to $35,000 over a lifetime
Families with unused 529 college savings now have a direct path to convert those funds into a Roth IRA for the beneficiary, subject to a...
Workers ages 60 to 63 could shelter $11,750 in a 401(k) next year under the super catch-up
Workers between the ages of 60 and 63 can direct up to $35,750 into a 401(k) plan in 2026, combining a higher base deferral limit...