Contributions to Trump Accounts will not be subject to gift tax reporting under the safe harbor rules, according to guidance issued Monday by the U.S. Department of the Treasury and the Internal Revenue Service. As a result, parents, guardians, grandparents and others can contribute up to $5,000 a year in after-tax dollars to a Trump…
Kathrin Ziegler | Digitalvision | Getty Images Individual retirement account assets dwarf those of 401(k) plans. IRAs held about $19.2 trillion at the end of 2025, while 401(k)s held $10.1 trillion, according to the Investment Company Institute, a trade group representing asset managers. Yet, relatively few people contribute money directly to IRAs. And, their annual…
President Donald Trump speaks about Trump Accounts at the Andrew W. Mellon Auditorium in Washington, D.C., Jan. 28, 2026. Brendan Smialowski | AFP | Getty Images Soon-to-launch Trump Accounts are a new vehicle for long-term savings and investing geared toward children, but they are not the first of their kind. In 2007, thousands of families in…
Rainstar | E+ | Getty Images For the fifth year in a row, imposter scams ranked as the most reported type of fraud in 2025, according to the Federal Trade Commission’s latest data. While 80% of the roughly 1 million who filed an imposter scam report didn’t lose money, the other 20% lost a collective…
A person holds a sign reading “Save Our Social Security” during a rally against President Donald Trump’s tax plan, near the U.S. Capitol in Washington, D.C. on April 10, 2025. Bryan Dozier | Afp | Getty Images Washington lawmakers have a new deadline by when to fix Social Security‘s retirement trust fund, based on a…
Julia Pentasuglio, a student at Loyola University and managing editor of The Loyola Phoenix newspaper, types on her laptop at the university newsroom in downtown Chicago, Illinois, Nov. 11, 2025. Carlos Barria | Reuters A federal judge temporarily blocked a new Trump administration rule that limits how much certain graduate students can borrow based on…
Johner Images | Johner Images Royalty-free | Getty Images Americans are increasingly worried that retirement will be less secure for them than it was for their parents. About 76% of workplace savers surveyed said they believe their generation will have less certainty about retirement income than previous generations, according to a new BlackRock survey. The…
People walk past the U.S. Internal Revenue Service (IRS) building in Washington, D.C., U.S., Nov. 14, 2025. Elizabeth Frantz | Reuters Victims of identity theft face “unconscionable” delays at the Internal Revenue Service, a dynamic causing headaches and financial hardship for many Americans that comes amid steep staffing cuts at the federal agency, according to…
Law Ho Ming | Moment | Getty Images The Trump administration is offering federal student loan borrowers a deeper-than-usual discount on their interest rates if they sign up for automatic payments soon — but not everyone will qualify. In a June 18 press release, the U.S. Department of Education announced that eligible borrowers who enroll…
Sen. Bill Cassidy, R-La., speaks to reporters following the weekly Republican Senate policy luncheon at the U.S. Capitol on March 11, 2025 in Washington, D.C. Kayla Bartkowski | Getty Images News | Getty Images Republican Sen. Bill Cassidy of Louisiana has one big task he would like to check off his to-do list before his…