Frugality is sometimes held up as the way to get ahead financially. After all, every penny you pinch is one that you can save (and invest) for future wealth. But sometimes those frugal habits aren’t worth it in the long run. Following are well-worn ways to legitimately save money that might not always be worth what you give up.
The Department of Labor’s Office of the Inspector General found that three agencies within the department lacked “sufficient controls” for how they shared confidential information with nongovernmental entities. The OIG’s investigation came after two requests from Republican leaders of the House Committee on Education and the Workforce, first in November 2024 and again in January…
The Department of the Treasury announced today that Social Security Administration Commissioner Frank Bisignano will lead the “next phase” of the Trump Accounts program. According to the announcement, Bisignano—also CEO of the Internal Revenue Service in an unusual double role—will “support the program’s implementation and continued growth,” although it is unclear what his role will…
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that on the eve of individuals being able to open and fund Section 530A “Trump” Accounts, the IRS has issued a revenue procedure that will significantly reduce the number of individuals who have to file gift…
Finding a good dividend stock to buy at any given time usually isn’t too tough. Finding one you can buy and hold forever, however, is a different story. The matter of longevity comes into play. You want to be sure the underlying company has the longevity required to not only continue paying its dividend, but…
“I made a lot more money this year than last year. Am I about to owe the IRS a huge bill?” If that’s the question you typed into a search bar at 11 p.m., the honest answer is: probably yes, and probably more than you think. A raise. A bonus. Some 1099 income on the…
Japan’s pension titan selling foreign assets could push U.S. yields up and sap demand for the dollar.