The super rich use 401(k)s and IRAs to sidestep taxes on millions of dollars. This proposed law would cut them off.

Identity theft wears many different faces. From credit cards to student loans, thieves can open different forms of credit in your name and just like that, destroy your credit history and financial standing. If this happens to you, getting the situation fixed can be difficult and time-consuming. But you can set things right. If someone…

WASHINGTON – President Donald Trump took executive action to impose 50% tariffs on a wide range of imports from Canada in retaliation to what his administration called “discriminatory” Canadian trade practices in certain sectors against the United States, according to administration officials. The move, which risks reigniting a trade war between Canada and the U.S.,…

Are you wondering where to get your taxes done? What’s the best option for your tax situation? Maybe you want the cheapest place? Tax preparation and filing can be simplified by doing a little research to choose the best option for you. You can still go to an accountant or a retail tax preparation service,…

Based on the current macroeconomic picture, I believe the Fed will hike interest rates once before year-end, most likely at the December meeting. It would mark the first hike since the central bank concluded its last cycle in mid-2023. That hike could shape how bond exchange-traded funds (ETFs) perform for the rest of the year….

Senator Ron Wyden, ranking Democrat on the Senate Finance Committee, said the plan would benefit the Trump family and “make Wall Street traders rich,” while Senator Elizabeth Warren called it “an egregious scheme to profit off the presidency and enrich Wall Street,” both according to Reuters.  Ethics specialists agreed on the optics while splitting on the law.  …

Mortgage interest rates crossed the 6.5% threshold again today. July’s rates have been elevated beyond what we saw in June, trending above last month’s average (6.34%) for 16 days straight. The average interest rate on a 30-year, fixed-rate mortgage rose to 6.51% APR, according to rates provided to NerdWallet by Zillow. This is two basis…