Business News

Benchmarking 401(k) Balances for Older Retirees: Insights for Those Aged 72 and Above

Examining Retirement Savings Across Age Groups to Inform Financial Planning in Later Years

Data from a leading retirement account manager reveals average and median 401(k) balances across age groups, highlighting the financial landscape for ...

Political Developments Highlight Leadership Criticism, Immigration Policy Shifts, and Foreign Relations Controversies

Analysis of recent political statements and policy changes impacting leadership dynamics, immigrant protections, and international diplomacy

The past week in politics featured notable developments including pointed remarks from a former White House official directed at Democratic leadership...

Understanding the Limitations of Social Security Spousal Benefits Timing

Why waiting beyond full retirement age won’t increase your spousal Social Security checks

Social Security spousal benefits can play a crucial role for retirees who earned less or did not qualify for full retirement benefits. However, unlike...

Venezuela’s Resource Riches Beyond Oil Pose Complex Challenges for US Interests

While Venezuela’s immense oil reserves are well-known, its potential rare earth elements and other critical minerals present a mix of strategic opportunities and operational hurdles for the United States

The US administration has highlighted Venezuela’s vast oil reserves as a key asset for American companies. However, Venezuela’s untapped deposits ...

Social Security’s 2025 Developments: Trump’s Reform Efforts Stall While Seniors Benefit from New Tax Provisions

Despite President Trump’s unsuccessful overhaul of Social Security taxation, legislative changes offer relief to many seniors through enhanced deductions

In 2025, Social Security reached significant milestones, including the celebration of its 90th year and record average benefits surpassing $2,000 mont...

US Treasury Confirms Adequate Funding for Possible Tariff Reimbursements

Scott Bessent Addresses Treasury's Capacity Amid Supreme Court Review of Trump's Emergency Tariffs

U.S. Treasury Secretary Scott Bessent has stated that the Treasury Department possesses sufficient cash reserves to manage any tariff refunds that mig...

Medicare Part B Premium Surge in 2026 Poses Financial Strain on Retirees

Rising healthcare costs threaten to offset Social Security gains for enrolled seniors

Healthcare expenses often represent a significant portion of retirees' budgets, particularly with Medicare Part B costs increasing notably in 2026. Th...

Dave Ramsey Challenges Nostalgia for 1950s American Dream in Homeownership

Personal Finance Expert Urges Realistic Expectations Over Idealizing Past Housing Standards

Financial commentator Dave Ramsey critiques the romanticized view of 1950s American homeownership, highlighting that the typical homes of that era wer...

Sanders Challenges 'America First' in Light of Trump’s Foreign Agreements

Senator Bernie Sanders critiques the alignment of President Trump’s international policies with the proclaimed domestic priority

Senator Bernie Sanders has raised questions about the sincerity of President Donald Trump’s "America First" agenda, pointing to several foreign poli...

Nobel Institute Clarifies Prize Rules Amid Venezuelan Leader's Suggestion to Share Honor with Trump

María Corina Machado's proposal to share the Peace Prize sparks official response reinforcing Nobel guidelines

The Norwegian Nobel Institute reaffirmed the finality and indivisibility of its Peace Prize following Venezuelan opposition figure María Corina Macha...

Understanding the 2026 Medicare Advantage Enrollment Window: Key Details and Considerations

A comprehensive guide for current Medicare Advantage enrollees to navigate the upcoming enrollment period from January through March 2026

While the primary Medicare Open Enrollment window in the fall attracts the majority of attention for coverage changes, current Medicare Advantage part...

Significant 2026 Changes May Alter How Much of Your Social Security Benefits You Retain

Medicare premiums, earnings thresholds, and tax laws are set to shift, influencing retirees' net Social Security income

As Social Security remains a crucial income source for many retirees, several noteworthy changes scheduled for 2026 could affect how much beneficiarie...