Artificial intelligence “substantially reduces wage inequality while raising average wages by 21 percent,” according to a new working paper co-authored by an assistant professor at Stanford…
Dmitrii Marchenko/GettyImages Key takeaways With a Roth IRA, you contribute money without getting an up-front tax break (unlike a traditional IRA, which offers a tax deduction in the year you contribute). The tax break comes…
I’m a big fan of getting money back from purchases I would have made anyway. I rarely carry cash, use a debit card or write a check. Instead, I used three credit cards for most of my purchases in 2025, and when all was said and done, I earned close…
Tax season is fast approaching and several tax policy changes impacting older Americans will be in effect when seniors go to file their returns. The enactment of Republicans’ One Big Beautiful Bill Act (OBBBA) last year revised a number of tax policies, including some provisions that the IRS is implementing for…
Reaching your 80s doesn’t automatically mean saying goodbye to income taxes. Many retirees live on fixed incomes and may owe little or nothing to the IRS. However, others with pensions, investment income or retirement withdrawals may still face tax obligations. The key to understanding your tax situation in your later…
Images by Getty Images; Illustration by Issiah Davis/Bankrate The average savings account rate is a benchmark for the overall interest-rate environment, but it’s not a rate you should settle for. Rather, aim for an annual percentage yield (APY) many times the national average, such as those offered by high-yield savings…
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JPMorgan CFO Jeremy Barnum warned Tuesday that President Donald Trump’s push to put a 10% cap on credit card interest rates could hurt the broader economy and reduce access to credit. “What’s actually simply going…
