The Latest Breaking News from IRS

401(k) savers are breaking records. Here’s how to join them if you’re behind

There is still time for employees to build up their 401(k) contributions and catch up with national averages

The Independent UK · Sep 28

Your 401(k) Match Isn’t Free If You Quit Too Soon: The Vesting Cliff That Erases 30 Years of Growth

Your 401(k) balance can look impressive on paper, yet part of that money may not belong to you yet. Employer matching contributions often come with a vesting schedule, and leaving a job too early can cost some or all of that match.

The Free Financial Advisor · Sep 28

Divorced at 45? These 7 Money Decisions Can Matter More Than Who Gets the House

Divorce at 45 can turn a comfortable financial routine into two separate balance sheets almost overnight. The house may attract the most attention, but retirement accounts, debt, taxes, insurance, and future income can shape the next 20 years even more.

Clever Dude · Sep 27

When One Stock Hits 40% of Your Portfolio: The Tax Bill of Trimming vs. the Risk of Holding

A stock that grows into 40% of a portfolio creates an awkward money problem. Selling can create a capital-gains tax bill, while holding leaves a large share tied to one company. Neither choice exists in a vacuum, because the tax cost depends on the shares sold, their cost basis, holding…

The Free Financial Advisor · Sep 24

MAGA Pastor Left Humiliated After Ted Cruz Blasts His 'Embrace Socialism' Call: 'You're Not a Republican'

MAGA-aligned pastor Joel Webbon argued that Republicans should consider elements of socialism to compete electorally, but Ted Cruz said supporters cannot claim conservative or America First labels.

International Business Times UK · Sep 24

The IRS Just Eased 401(k)-to-IRA Rollovers — But One Missed Step Still Costs You 20% Upfront

The IRS just moved to make 401(k)-to-IRA rollovers easier to handle, but the old 20% withholding rule still matters. A new IRS notice gives retirement plans sample forms and proposed procedures for direct rollovers, aiming to make the process more standardized and less confusing.

The Free Financial Advisor · Sep 24

What Happens If Nobody Claims a Life Insurance Policy?

Someone can faithfully pay life insurance premiums for 30 years, die with a $100,000 policy in force, and still have their family never collect the...

Saving Advice · Sep 23

Your Adult Child Wants to Be Added to the House Deed — Think Twice Before Saying Yes

Your adult child offers what sounds like a simple estate-planning solution: “Just put my name on the house now, and everything will be easier later.”...

Saving Advice · Sep 23

Should You Contribute to a Trump Account? Take the Free $1,000, Then Do the Math

Your kid can get $1,000 from the Treasury for filling out one form. Take it. The harder question is what to do with your own money after that. The account lets families add up to $5,000 a year, and for a household at your stage, that $5,000 has better places…

Thousandaire · Sep 23

8 Government Refunds and Payments You Should Never Have to Pay a Fee to Receive

“You have money waiting, but there’s a small processing fee before we can release it.” That sentence should immediately make you suspicious when someone claims...

Saving Advice · Sep 23