Tyler Foster
Latest Articles by Tyler Foster
A missed required IRA withdrawal brings a 25% penalty, or 10% if fixed fast
Retirees who missed a required minimum distribution from an IRA or qualified retirement plan face a 25% excise tax on the shortfall amount. That penalty...
Waiting until 70 locks in Social Security’s biggest check, about $5,108 a month in 2026
High earners who delay Social Security retirement benefits to age 70 will collect the program’s largest possible monthly payment in 2026: $5,181, according to the...
New Medicaid work rules hit 40 states in January 2027, but people 65 and older stay exempt
Millions of working-age adults on Medicaid will need to log 80 hours per month of work, job training, or other approved activities to keep their...
Medicare’s trustees peg the 2027 Part B premium at $209.50, but forecasters warn it could top $216 and eat into next year’s Social Security raise
Millions of retirees counting on a bigger Social Security check next year face a quieter threat from the other side of the ledger. The Boards...
An 83-year-old wired $44,000 to a caller posing as his bank’s fraud team, money a wire transfer generally can’t claw back
An 83-year-old man wired $44,000 to a caller who claimed to be part of his bank’s fraud team, following instructions he believed would protect his...
Two pounds of ground beef just hit a record $14.06, up 5.5% in a year, the steepest climb on the grocery survey’s books
American grocery shoppers are paying more for ground beef than at any point on record. Two pounds of ground beef reached $14.06 in the latest...
Six people are under arrest in a $2.8 million “gold bar” scam that pushed elderly Texans to hand their savings to couriers at the door
Six people face arrest in connection with a scheme that allegedly drained $2.8 million from elderly Texans by convincing them to convert their savings into...
Taxpayers 65 and older can earn more before they must file a federal return
Retirees living on fixed incomes often file federal tax returns they are not legally required to submit. The reason: federal law grants taxpayers 65 and...
Bank of America is mailing overdraft-fee refunds that look like postcards, and some customers are tossing the checks out as junk mail
Customers who were hit with repeated $35 fees on a single bounced transaction are owed money from Bank of America, but some of those refund...
A retired journalist lost $270,000 after an online romance turned into a fake gold-investment pitch that drained his life savings
A retired journalist watched $270,000 disappear after an online romance gradually shifted into what appeared to be a gold-investment opportunity. The scheme followed a pattern...
Ford is fixing more than 565,000 Broncos free after wiring that can catch fire, and owners who already paid for the repair get refunded
Ford is recalling more than 565,000 Bronco and Bronco Raptor vehicles sold in the United States because engine compartment wiring can overheat and catch fire....
Form W-4P pulls federal tax from a pension check to avoid an April surprise
Retirees collecting pension or annuity checks without adjusting their federal tax withholding face a familiar problem each spring: an unexpected balance due on their tax...
Home-insurance premiums for older homeowners are climbing faster than Social Security’s raise, and insurers are quietly stripping the loyalty discounts that held them down
Retirees counting on Social Security to keep pace with rising household costs face a widening gap on one of their biggest fixed expenses. The 2.8...
Nearly 3 million Medicare Advantage members, about one in ten, were forced to switch plans this year as insurers pulled out of their counties
As many as 2.9 million people enrolled in Medicare Advantage plans have been forced to find new coverage for 2026 after their insurers stopped offering...
A homeowner can keep up to $752,000 in home equity, and over $1.1 million in some states, and still qualify for nursing-home Medicaid
Families planning for long-term care face a stark divide depending on where they live. Federal law allows states to set their own home-equity ceilings for...
Homeowners 62 and older are sitting on a record $14.92 trillion in home equity, and a reverse mortgage or credit line can tap it without a monthly payment
Americans aged 62 and older hold an estimated $14.92 trillion in housing wealth, a record sum built on years of rising home values and declining...