As the federal government enters its eighth day of shutdown, uncertainty looms over the compensation of hundreds of thousands of federal workers. With most non-essential agencies shuttered, questions persist regarding whether these employees will receive their full paychecks or face delays and reductions. While some government functions continue under contingency plans, the financial strain on […]

The Child Tax Credit (CTC) is making a notable return for the 2024 tax year, offering eligible families the opportunity to claim up to $2,200 per qualifying child. This enhancement aims to provide significant financial relief to millions of American households, particularly those with lower and middle incomes. Unlike previous years, where the credit was […]

The Social Security Administration (SSA) is projecting a modest increase in the Cost-of-Living Adjustment (COLA) for 2026, which could translate into slight benefits boosts for retirees aged 62 to 80. Based on current inflation trends and economic forecasts, analysts estimate the 2026 COLA to hover around 3%, marking a shift from the near-zero increases experienced […]

The Internal Revenue Service (IRS) has announced that the contribution limit for both Traditional and Roth IRAs will remain unchanged at $7,000 for the upcoming tax year. This figure applies to individuals under age 50, with an additional catch-up contribution of $1,000 allowed for those aged 50 and older. The decision maintains the same limits […]

Former President Donald Trump has recently proposed a controversial shift in retirement planning by advocating for the inclusion of high-risk cryptocurrencies in new 401(k) investment options. His proposal aims to diversify retirement portfolios and attract younger investors seeking higher returns, but it raises concerns among financial experts and regulators about the potential volatility and security […]

The federal government has announced the eligibility criteria and deposit schedule for the upcoming $2,000 stimulus check, marking the fourth round of direct financial assistance to qualifying Americans. This latest stimulus effort aims to bolster household budgets amidst ongoing economic challenges, with eligible individuals potentially receiving their payments as early as next month. The program, […]

The looming threat of a government shutdown is poised to create a stark divide among Social Security recipients. While current beneficiaries are expected to continue receiving their payments uninterrupted, new applicants seeking benefits will face extensive delays, potentially leaving thousands without immediate support. This division stems from congressional impasses over federal funding, which directly impacts […]

Veterans receiving disability benefits from the Department of Veterans Affairs (VA) can anticipate their scheduled payments for October 2025, with a total of $4,196 expected to be disbursed to eligible beneficiaries. These payments are part of the VA’s ongoing commitment to support service members and veterans by providing financial assistance tailored to their specific needs. […]

Recent surveys reveal that many Americans now believe they need approximately $1.7 million in savings to enjoy a comfortable retirement. This figure marks a significant increase from previous estimates, reflecting shifting economic realities, inflation concerns, and evolving expectations for post-work life. The perception that a larger nest egg is essential underscores ongoing worries about healthcare […]

The proposed legislation dubbed the “One Big Beautiful Bill” has ignited concern among fiscal analysts and taxpayers alike, as preliminary estimates suggest it could inflate the national deficit by approximately $3.4 trillion over the next decade. Advocates tout the bill as a comprehensive measure aimed at boosting economic growth and expanding social programs, but critics […]