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News Powered By AI
Consolidating multiple pension pots can simplify retirement planning and potentially reduce fees, but experts caution that combining pensions is not always advantageous and requires careful consideration of existing benefits.
The Treasury Department and IRS proposed regulations allowing employers to contribute up to $2,500 annually to Trump Accounts for employees’ dependent children, with workers able to fund these accounts using pretax payroll deductions.
Social Security’s cost-of-living adjustment for 2027 is estimated between 3.4% and 3.6%, down from earlier forecasts as inflation moderates, according to new government data.
Trump administration officials have discussed potential tax breaks for homeowners selling primary residences, though experts say implementation before midterm elections remains unlikely.
Rep. Alexandria Ocasio-Cortez announced she is freezing her eggs, bringing attention to the procedure’s high cost. A single cycle typically ranges from $10,000 to $20,000, with additional expenses for storage and implantation.
Criminals are using AI to identify holiday locations from social media photos, then impersonating banks with fake fraud alerts citing those specific locations to steal financial information.
