Sen. Elizabeth Warren, D-Mass., speaks during a press conference on Social Security in front of the U.S. Capitol on May 5, 2025 in Washington, D.C. Kayla Bartkowski | Getty Images News | Getty Images A bipartisan group of Washington, D.C., lawmakers plans to reintroduce a bill on Thursday that would update a federal anti-poverty program…
CNBC’s Sharon Epperson delivers the latest on hardship withdrawals from 401(k) accounts. Source link
Oscar Wong | Moment | Getty Images Amid the U.S. housing shortage, some lawmakers want to reduce capital gains taxes on home sales. But experts disagree on whether this idea could help tackle the country’s home affordability crisis. Sens. Ted Cruz, R-Texas, and Tim Scott, R-S.C., this week sent a letter to Treasury Secretary Scott…
Andriy Onufriyenko | Moment | Getty Images The escalating war in the Middle East jolted the stock market on Tuesday — a reaction that history suggests is common after a global shock, but often not lasting. While the market rebounded Wednesday morning, the Standard & Poor’s 500 index, a broad measurement of how U.S. companies’…
U.S. President Donald Trump delivers the State of the Union address on Feb. 24, 2026, in Washington, D.C. Kenny Holston-Pool/Getty Images In his State of the Union address, President Donald Trump said “your 401(k)s are way up” — and they are, but hardship withdrawals are also up, new data shows. “Since I took office, the typical 401(k) balance…
Pedestrians make their way early morning in the hallway of the Grand Central terminal in New York on February 29, 2024. Charly Triballeau | AFP | Getty Images More than 4 in 10 people — or 43% — are trying to change their career fields this year, according to a new report by online employment platform…
Halfpoint Images | Moment | Getty Images Spouses who don’t ask one question — “your 401(k) or mine?” — could be losing out on retirement money, research finds. By failing to allocate retirement savings to the spouse with the employer that provides the highest match rate, couples may be leaving money on the table, according…
A traveler uses his mobile phone next to a departures board showing a cancelled Kuwait Airways flight, amid the U.S.-Israel conflict with Iran, at Terminal 7 at John F. Kennedy (JFK) International Airport in New York City, U.S., March 2, 2026. Bing Guan | Reuters The upshot: Vacationers who miss some or all of their…
Damircudic | E+ | Getty Images By many measures, the SAVE, or Saving on a Valuable Education, student loan plan was defunct. The Biden administration-era affordable repayment plan faced several legal challenges, and Congress voted over the summer to repeal the program. But Judge John Ross, of the U.S. District Court for the Eastern District…
Frame Studio | Moment | Getty Images With the Middle East war rattling global markets, gold is once again drawing attention as a potential safe-haven investment. The precious metal is generally viewed as a diversifier and store of value in turbulent times. However, it’s important to know what you’re investing in, and why, before jumping…