Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. KEY POINTS. The average older American has...

Want to Beat the Average Retirement Savings? Here's How

SmartAsset

When considering tax-efficient investment options, many investors wonder which mutual funds are tax-exempt. These funds, usually municipal bonds, generate income that is often exempt from federal and sometimes state and local taxes. For investors in higher tax brackets, tax-exempt mutual funds can provide an attractive way to preserve more of their earnings. If you're looking […] The post How to Find Tax-Exempt Mutual Funds appeared first on SmartReads by SmartAsset.

How to Find Tax-Exempt Mutual Funds

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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Financial Freedom Countdown

As we await the official Social Security cost-of-living adjustment (COLA) numbers, the Senior Citizens League (TSCL) has revised its long-term Social Security COLA forecast for 2025 to 2.63%. While this is an increase from the June 2024 forecast of 2.57%, it might not be enough for seniors struggling to keep up with inflation.

Retirees Brace for 2025 Social Security COLA Forecast as a 2.63% Increase May Not Be Enough

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. KEY POINTS. Retirement accounts offer tax breaks,...

3 Reasons Why Home Equity Doesn't Work as Retirement Savings

Kiplinger

A 401(k) is a powerful retirement tool. Here's how they work and why your older self will thank you for investing in one.

401(k) Plans: What You Need to Know Now

A "record-breaking backlog" of pending actions has led to an estimated $1.1 billion in improper beneficiary payments, according to a new report. Experts say the Social Security Administration needs more funding in its budget to properly address a "customer service crisis." The Social Security Administration faces a "record-breaking backlog" of...

'Record-breaking backlog' leads to $1.1 billion in improper Social Security payments, report finds

The IRS has issued final regulations on inherited IRAs under the SECURE Act. The rules require most non-spouse beneficiaries to deplete inherited retirement accounts within ten years and take annual Required Minimum Distributions (RMDs). This marks a significant change from the previous lifetime “stretch” withdrawal option. The 10-year...

IRS issues new RMD rules for IRAs

The IRS requires seniors to start taking distributions from tax-deferred retirement accounts starting the year after they turn 73. If you plan in advance and think long term, a couple strategies can lead to lower RMDs now and in the future. If you're still working, you may get some relief...

3 Ways to Reduce or Avoid Required Minimum Distributions (RMDs) in 2024 That Everyone Should Know

Around six years ago, married couple Christina, 37, and Noah, 35, took $10,000 out of the bank. The money had been sitting idle in an old personal account of Christina's, but a documentary on the bank's practices prompted the couple to get the money out of there, they told self-made millionaire and money expert Ramit Sethi on a recent episode of his "I Will Teach You to be Rich" podcast. Their last names were not used.

Millennial couple left $10,000 in cash sitting in a closet for years — why they still stress about money

Retirement Daily

Understand the IRS's final regulations on required minimum distributions (RMDs) under the 10-year rule and how they impact beneficiaries of retirement accounts.

IRS Proposes New RMD Regulations: Impact on Retirement Planning

GOBankingRates

Planning for retirement can be a complicated process, full of in's and out's along the way, well before you work your last day on the job. During that time, chances are you are saving and adding to...

I’m a Retirement Planner: 10 Best Ways To Keep Your Nest Egg Safe

Norman Villamin, group chief strategist at UBP, discusses global geopolitical risks.

Markets 'fairly optimistic' looking into 2025, says strategist

If you're a retiree looking for the trifecta of income, liquidity and legacy in your retirement plan, consider combining a QLAC and an HECM.

Transform Your Retirement Plan With This Powerful Combo

FinanceBuzz

One of the best things you can do heading into retirement is to have a plan, especially around spending. Here are 11 purchases you'll want to avoid in retirement.

11 Purchases Retirees Almost Always Regret

Ohio State

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The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

Massachusetts State

Reuters

NEW YORK (Reuters) - When you envision retirement with a partner, what does it look like?. Probably retiring at the same time, as you both wave goodbye to the workforce and look forward to new adventures.

Four reasons why couples should consider staggered retirements

Nevada State

Virginia City, NV

Black Enterprise

Incidents like this have got to stop. Three family members in Nevada were arrested and charged in connection to a viral verbal altercation in which a Black man claimed they directed a racist slur toward him and said, “They have a hanging tree,” 8 News Now reports. Gary...

White Family Arrested In Nevada After Allegedly Calling For A Black Man To Be Hanged

Florida State

Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

'Mad Money' host Jim Cramer weighs in on stock including: Elevance Health, Albemarle, Harrow, Hawaiian Electric, Snap, Applied Materials abd more.

Lightning Round: Snap is not investable, says Jim Cramer

Jimmy Chang, Rockefeller Family Office CIO, joins 'Closing Bell' to discuss his defensive playbook.

Rockefeller's Jimmy Chang on why he favors defensive parts of the market

NewsBreak

401(k) rollover advice rule is at risk. Here's what retirement savers need to know

The Department of Labor issued a so-called \"fiduciary\" rule in April governing advice to retirement investors, such as those in 401(k) plans and individual retirement accounts....

The Department of Labor issued a so-called "fiduciary" rule in April governing advice to retirement investors, such as those in 401(k) plans and individual retirement accounts....

401(k) rollover advice rule is at risk. Here's what retirement savers need to know

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