For many service members, transitioning to civilian life brings newfound financial challenges and opportunities. Leveraging unique tax benefits can make a world of difference in achieving financial stability post-service. A crucial element often overshadowed in these discussions is the power of Roth contributions to the Thrift Savings Plan (TSP). As emphasized by Patrick Beagle, a
Personal
Receiving an inheritance is often viewed as a blessing, a financial windfall that allows heirs to fulfill dreams, make investments, or secure their futures. However, when it comes to individual retirement accounts (IRAs), this so-called blessing can quickly turn into a financial minefield if the intricacies of tax laws and regulations are not navigated carefully.
As the clock ticks towards 2025, over nine million student loan borrowers in the United States are standing on the precipice of a financial disaster that could shatter their credit scores and sever any chances of financial stability. A recent report from the Federal Reserve Bank of New York presents an alarming forecast: an impending
The recent decision by the U.S. Department of Education to re-open online applications for income-driven repayment (IDR) plans can appear as a beacon of hope for millions of federal student loan borrowers. However, beneath this surface lies a convoluted saga rife with political maneuvering, regulatory overreach, and a great deal of anxiety among borrowers. The
The financial landscape for young adults is becoming increasingly bleak, and the reliance on parental aid has skyrocketed to an alarming 50%. A recent report from Savings.com illuminates the issue, revealing that, for the first time, half of parents with adult children over 18 are providing financial assistance. From food to cell phone bills and
With the stock market resembling a rollercoaster ride, it’s no wonder that retirees feel the pressure to safeguard their hard-earned savings. The recent whiffs of unpredictability—notably exacerbated by political decisions and tariffs—have created an atmosphere of uncertainty, leaving many investors, especially those in the sunset of their working lives, wrestling with anxiety about market downturns.
In an era of shifting financial regulations, the IRS has unveiled critical changes to inherited individual retirement accounts (IRAs) that may be a harbinger of financial distress for many ordinary investors. As of 2025, heirs such as adult children, who represent the bulk of non-spousal beneficiaries, will be subject to a 10-year withdrawal mandate, which
The recent announcement by President Donald Trump regarding the transfer of federal student loan oversight from the Department of Education to the Small Business Administration (SBA) raises alarm bells for millions of borrowers burdened by overwhelming educational debt. With student loan debts soaring past an astonishing $1.6 trillion and affecting over 40 million Americans, the
A recent court ruling has cast a disturbing shadow over the Trump administration’s handling of Social Security, specifically the Department of Government Efficiency (DOGE). A federal judge has intervened, putting a halt to the administration’s access to sensitive personal data at the Social Security Administration (SSA). This case serves as a glaring example of how
The news surrounding President Donald Trump’s anticipated executive order to dismantle the U.S. Department of Education raises significant concerns among federal student loan borrowers. The notion of a presidential directive that aims at radically restructuring such a vital institution unveils the precariousness of educational funding in America. By seeking to divest the Education Department of