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Millions of people roll retirement plan money into IRAs annually, but mistakes can be costly and often irreversible. The IRS recently issued guidance to streamline the rollover process, which involves numerous potential pitfalls.
Bond yields have climbed to 19-year highs amid persistent inflation, pushing mortgage rates and other consumer borrowing costs higher, with experts expecting continued elevated rates.
American Airlines announced Monday it will match the federal $1,000 Trump Account contribution with an additional $1,000 for eligible employees’ children, joining over 50 companies supporting the savings program.
The FCA launched a review of child trust fund providers over concerns that 760,000 unclaimed accounts worth £1.5bn are not being actively traced, urging families to use a free checking service.
UK house prices fell 0.4% year-on-year in August, the first decline since November 2023, driven by higher mortgage rates, geopolitical uncertainty, and affordability pressures.
Sen. Bernie Sanders introduced a bill to prevent Social Security benefit garnishment for unpaid federal student loan debt, with support from Democratic senators Elizabeth Warren and Ed Markey.
