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Retirement Countdown: Key moves to make when you’re 30 years away

Retirement Countdown: Key moves to make when you’re 30 years away

Though there's no official retirement age in the U.S., it's pretty common for people to retire in their 60s. IRAs and 401(k)s are off-limits until age 59 and 1/2, Social Security's earliest claiming age is 62, and Medicare doesn't begin until 65. So for the typical person, all of that sets the ...

Fidelity, Charles Schwab deliver major message on 401(k)s, IRAs

Fidelity, Charles Schwab deliver major message on 401(k)s, IRAs

People striving to build financially secure retirements would be wise to pay close attention to guidance from financial services firms such as Fidelity and Charles Schwab on 401(k)s and individual retirement accounts (IRAs). Workers across the country are working to stretch their retirement savings ...

Treasury Department Launches App for Trump Accounts to Support Children's Financial Future

Treasury Department Launches App for Trump Accounts to Support Children's Financial Future

The U.S. Treasury Department has launched a mobile app to facilitate access to Trump accounts, a new tax-deferred savings program for children born between January 1, 2025, and December 31, 2028. These accounts, part of the One Big Beautiful Bill Act, provide a $1,000 government contribution to eligible newborns. The app, available on major platforms, allows parents to manage these accounts, which can accept contributions from various sources starting July 4, 2026. The Treasury is implementing measures to prevent scams during the rollout, emphasizing that official communications will only come from designated email addresses.

Treasury Department Defends Role of Justice Alito's Son Amid Ethical Concerns

Treasury Department Defends Role of Justice Alito's Son Amid Ethical Concerns

The Treasury Department is defending the employment of Philip Alito, son of Supreme Court Justice Samuel Alito, following reports of his senior legal role within the department. Philip Alito joined the Treasury as a political appointee early last year, during a period when the department was involved in Supreme Court litigation concerning President Trump's use of emergency powers to impose tariffs. Despite his father's involvement in related Supreme Court cases, Philip Alito reportedly does not counsel on matters expected to appear before the Court. The Treasury Department and the Supreme Court have both stated that Philip Alito complies with all ethical obligations. However, questions about potential conflicts of interest have been raised, particularly as the department faces legal challenges related to Trump's 'anti-weaponization fund'.

Trump Administration Plans Commemorative $250 Bill Featuring President Trump

Trump Administration Plans Commemorative $250 Bill Featuring President Trump

The Trump administration is preparing to potentially issue a commemorative $250 bill featuring President Donald Trump's image and signature. This initiative is part of a broader plan to mark the 250th anniversary of the United States. A Treasury Department spokesperson confirmed that the Bureau of Engraving and Printing is conducting 'appropriate planning and due diligence' in response to active legislation. The proposed bill, introduced by Republican Rep. Joe Wilson of South Carolina, aims to symbolically recognize the President of the United States during the Semiquincentennial anniversary. However, the legislation has stalled in Congress, and there is no current evidence that it will be passed. Notably, U.S. law prohibits the depiction of living individuals on currency, and an exception would require congressional approval.

From Geopolitics to Groceries: What’s Driving Retirement Savings Behavior

From Geopolitics to Groceries: What’s Driving Retirement Savings Behavior

Francis LLC's Edward McIlveen, CFA breaks down what investors and plan sponsors need to know right now: why staying diversified and continuing contributions beats reacting to headlines; how strong corporate earnings and historical post‑midterm trends support equities; practical menu changes—small, ...

Treasury Department's $250 Bill Proposal Featuring President Trump Faces Legal Hurdles

Treasury Department's $250 Bill Proposal Featuring President Trump Faces Legal Hurdles

The Treasury Department is advancing plans for a new $250 bill featuring President Donald Trump, despite a longstanding federal law prohibiting living individuals from appearing on U.S. currency. This initiative aligns with a bill introduced by Representative Joe Wilson, which seeks to amend the law to allow living presidents on currency. The Bureau of Engraving and Printing has prepared a design for the bill, but without congressional approval, the proposal remains symbolic. The 1866 law, enacted after a Treasury official's portrait appeared on a 5-cent note, remains a significant legal barrier. The proposal has sparked internal tensions within the Treasury, leading to the reassignment of the Bureau's director, Patricia Solimene, who resisted the push due to legal and procedural concerns.

The reverse mortgage as a retirement lifeline

The reverse mortgage as a retirement lifeline

Most retirees treat their home equity as a last resort, but a growing body of research suggests that thinking is backward. Used strategically, a home equity conversion mortgage (HECM) line of credit can work as a volatility buffer. When the market drops, you can withdraw cash, tax-free, to avoid ...

Treasury Secretary Scott Bessent Addresses Allegations Regarding Justice Alito's Son's Employment

Treasury Secretary Scott Bessent Addresses Allegations Regarding Justice Alito's Son's Employment

During a White House press briefing on May 28, 2026, Treasury Secretary Scott Bessent was questioned about reports suggesting that the son of Supreme Court Justice Samuel Alito is employed at the Treasury Department. In response, Bessent assured that the Treasury Department adheres to all 'legal and ethical guidelines.' This statement comes amid scrutiny over potential conflicts of interest and the ethical implications of such employment connections within government institutions. The inquiry highlights ongoing concerns about transparency and ethical standards in government appointments and employment practices.

AARP, Vanguard warn Americans on major 401(k), IRA shift

AARP, Vanguard warn Americans on major 401(k), IRA shift

Americans saving for retirement focus on ensuring their nest eggs will sustain the lifestyles they hope to enjoy once their working years are behind them. That desire to make the most of every dollar — across retirement accounts, including 401(k)s and Individual Retirement Accounts (IRAs) — ...

Suze Orman, AARP flag a retirement trap

Suze Orman, AARP flag a retirement trap

Financial expert Suze Orman and the AARP are both sounding the alarm about retirement expenses that keep outpacing savings. Health care sits at the center of that warning, but insurance, vehicle, and relocation costs are accelerating too. A 65-year-old couple retiring in 2025 will need ...

Northwestern Mutual exposes retirement confidence crisis

Northwestern Mutual exposes retirement confidence crisis

The price tag on a comfortable retirement keeps climbing, and a growing number of Americans are struggling to keep up with the target. Northwestern Mutual released its 2026 Planning & Progress Study in April, revealing that the average retirement savings goal has surged to $1.46 million. That ...