Tyler Foster
Latest Articles by Tyler Foster
Workers who left a 401(k) at an old job can roll it into an IRA to cut fees and pick their own funds
Workers who changed jobs and left a 401(k) behind are often paying fees they never agreed to and may not even recognize. More than 70...
A Minnesota man drained $1.6 million from an elderly neighbor with dementia and got four years
A Minnesota man who systematically drained $1.6 million from an elderly neighbor living with dementia received a four-year federal prison sentence, a punishment that has...
Teva will pay $35 million over its asthma inhalers, and people who bought QVAR since 2015 can claim by July 31
People who purchased QVAR asthma inhalers since 2015 have until July 31 to file a claim in a $35 million settlement involving Teva Pharmaceuticals. The...
A retiree handed $25,000 in cash to a fake police officer after scammers gave him a secret code phrase
An 80-year-old retiree in Irvine, California, withdrew $25,000 from his bank, packed the bills into a shoebox wrapped in duct tape, and handed the package...
Missing one required withdrawal from an inherited IRA brings a 25% penalty, cut to 10% if you fix it fast
Heirs who inherit an IRA and fail to take even one required minimum distribution now owe a 25% excise tax on the shortfall amount. That...
Medicare is mailing real new cards this year, and scammers are blasting fake “new card” texts to cash in
Millions of Medicare beneficiaries who recently requested replacement cards or changed their coverage are receiving legitimate new cards in the mail this year. At the...
A genuine message from Medicare will never offer a new card or ask you to click a link
Beneficiaries who receive an unexpected call, text, or email promising a new Medicare card or directing them to click a link are almost certainly dealing...
Surviving spouses, minor children, and disabled heirs can still stretch an inherited IRA over many years
Families who inherit an IRA after the death of a loved one face a strict clock: most non-spouse beneficiaries must empty the account within 10...
Anyone who took a tax extension has until October 15 to file, but the bill itself was due back in April
Millions of taxpayers who filed Form 4868 earlier this year bought themselves six extra months to complete their federal returns, but the clock on what...
The average flood insurance policy now runs about $976 a year
Homeowners covered by the National Flood Insurance Program are now paying an average of about $976 a year for a policy, a figure that carries...
One Senate bill would raise Social Security benefits the most for the lowest-earning retirees
Retirees who spent decades working low-wage jobs stand to gain the most from a Senate bill that would restructure Social Security’s minimum benefit around years...
The inherited-IRA penalty waiver that ran from 2021 to 2024 has now fully expired
Heirs who inherited retirement accounts and skipped annual withdrawals for the past four years without penalty now face a hard deadline. The IRS waived excise...
A retiree divorced more than two years can claim on an ex’s record even if the ex hasn’t filed yet
Divorced Americans who split from a spouse more than two years ago can file for Social Security benefits on that former spouse’s earnings record, even...
Medicare’s hospital trust fund is now set to run out in 2033, a year that would force an 11% cut to what it pays your hospital
Tens of millions of Americans who rely on Medicare Part A for hospital coverage face a hard deadline. The Medicare Hospital Insurance Trust Fund is...
Social Security’s funding gap widened 16% in a single year
The roughly 70 million Americans who depend on Social Security checks each month just got worse news about the program’s financial future. The 75-year actuarial...
The average U.S. savings account still pays just 0.38%, while top online accounts now pay around 5%
Tens of millions of American savers are earning a fraction of what their money could generate. The Federal Deposit Insurance Corporation set the national deposit...