Tyler Foster
Latest Articles by Tyler Foster
$2,000 is the most an SSI recipient can keep in savings, frozen since 1989
Millions of Americans who receive Supplemental Security Income face a savings ceiling that has not changed in more than 36 years. The individual resource limit...
You can fund a 2026 IRA until the April 2027 tax deadline, not December 31
Millions of workers assume they must finish funding an Individual Retirement Account by December 31 to claim a deduction or lock in Roth contributions for...
Going without Medicare drug coverage adds a permanent penalty of about 1% for each month you skip it
Medicare beneficiaries who skip Part D prescription drug coverage for 63 days or more after their initial enrollment window closes face a permanent surcharge of...
When your hospital drops your Medicare Advantage plan, you pay out-of-network rates or must switch coverage for the next year
Medicare Advantage enrollees who lose access to their hospital mid-year face a hard choice: absorb higher out-of-network costs immediately or wait to switch plans during...
Checking your Social Security earnings record for errors can add hundreds a month to your check for life
A single missing year of wages on a Social Security earnings record can permanently reduce a retiree’s monthly check by hundreds of dollars. The Social...
Full retirement age finished its climb to 67 this year, and claiming at 62 now locks in a check about 30% smaller for life
Americans born in 1960 or later now confront the steepest early-claiming penalty in Social Security’s history. Full retirement age has completed its four-decade climb to...
Earn over $1,690 a month in 2026 and you can lose your Social Security disability benefits
People collecting Social Security Disability Insurance who earn more than $1,690 in any month during 2026 risk losing their benefits entirely. The Social Security Administration...
$11,250 is the 401(k) catch-up limit for workers 60 to 63 in 2026, above the standard $8,000
Workers turning 60 to 63 in 2026 can defer up to $11,250 in catch-up contributions to their 401(k) plans, per the IRS. That figure sits...
A new federal rule bars banks from closing accounts over politics or industry
Gun dealers, oil drillers, and private-prison operators can no longer be turned away by their banks simply because regulators considered those industries a reputational liability....
$750 a month is the least the government must leave you when it garnishes Social Security for old student loans
Older Americans living on Social Security can lose a share of their monthly benefit when the federal government collects on defaulted student loans, but the...
Lower-income workers can claim up to $1,000 back, $2,000 for couples, just for funding a retirement account
Millions of lower-income workers across the United States are leaving money on the table by not claiming a tax credit designed specifically to reward them...
$250,000 of home-sale profit stays tax-free, $500,000 for couples, a limit Congress hasn’t raised since 1997
Homeowners who sell their primary residence can shield up to $250,000 of profit from federal capital-gains tax, or $500,000 for qualifying married couples filing jointly....
$24,500 is the 401(k) contribution limit in 2026, with an extra $8,000 for workers 50 and older
Workers saving for retirement through a 401(k) or similar employer plan can set aside up to $24,500 in 2026, a $1,000 increase over the prior...
Roth 401(k) accounts no longer force withdrawals during your lifetime
Retirees and workers with designated Roth accounts inside 401(k) and 403(b) plans no longer face mandatory annual withdrawals during their lifetimes. The change, rooted in...
Earning $7,560 in 2026 banks all four Social Security credits for the year
Part-time workers, gig earners, and anyone with irregular income face a concrete deadline built into the Social Security system each year: earn enough in covered...
A shared nursing-home room now averages $119,340 a year, and Medicaid only helps after your savings run down
A year in a shared nursing-home room now costs an average of $119,340, a price tag that has climbed well past what most retirement savings...