News
La Hood's Bill Expanding Health Savings Account Eligibility
1+ hour, 32+ min ago (127+ words) WCSJ News Darin La Hood has introduced legislation that would expand eligibility for Health Savings Accounts by allowing individuals to keep an HSA even if their spouse is enrolled in a Flexible Spending Arrangement. The proposed Health Savings for Families…...
4 Medical Expenses Seniors Can Write Off Without Itemizing
4+ hour, 24+ min ago (993+ words) There are health care tax breaks that seniors can use even when taking the standard deduction. Medical costs are one of the biggest financial pressures many retirees face. Between insurance premiums, prescriptions, and unexpected health issues, it's not unusual for…...
Fidelity Says You'll Spend $172, 500 on Health Care in Retirement. I'm 70 and a CPA " Here's Why You Shouldn't Worry
5+ hour, 53+ min ago (1344+ words) The scary number everyone quotes is real. What it actually means is a lot less frightening. July 2, 2026 " Advertising Disclosure Money Talks News may earn commission or revenue through links in the content below. Our editorial team independently selects all products....
Taxes and Finance: Income the IRS can't touch
1+ day, 2+ hour ago (416+ words) Wouldn't it be nice to have a source of nontaxable income? You may be more fortunate than you realize. Here are several types of income that the IRS does not tax. 1. Tax-free interest. The federal government does not tax municipal…...
Is It Too Late to Catch Up on Retirement Savings if You're 55?
1+ day, 23+ hour ago (55+ words) Key Points Nearly half of U. S. households haven't saved enough for their retirement. Although your time horizon may be limited, there are ways to maximize...
Never Pay Medicare Premiums Again. Here's the Portfolio That Makes It Happen.
1+ day, 4+ hour ago (961+ words) Covering a typical $6, 000 annual Medicare stack requires $150, 000 at a 4% yield or just $60, 000 at 10%, using the formula: annual cost " yield. High-yield portfolios paying 10% risk principal erosion and distribution cuts, quietly spending down assets while nominally covering the Medicare bill. A 4% dividend…...
When should I do my tax return? The cost of leaving your tax return to the last minute
2+ day, 10+ hour ago (871+ words) At the start of July, it feels like there's plenty of time to think about your tax return. Fast forward a few months and many people find themselves searching for receipts, tracking down paperwork and trying to lodge before the…...
Struggling With Rising Retirement Expenses in 2026? Here's What to Do.
2+ day, 15+ hour ago (426+ words) There's a reason a good number of seniors end up unhappy in retirement. Not only might it be a struggle to fill your days with meaningful things to do, but the financial strain might get to you -- especially during periods…...
Working Past 65 With an HSA? Enrolling in Medicare Turns Your Deposits Into a 6% Penalty.
2+ day, 21+ hour ago (749+ words) Medicare Part A backdates up to 6 months when you claim Social Security, converting recent HSA deposits into excess contributions penalized at 6% annually. A single year of excess HSA contributions left uncorrected can accumulate nearly $1, 500 in IRS excise taxes over 5 years....
I'm 59 With $1. 3 Million and Ready to Quit. One Expense Nobody Budgets For Almost Stopped Me - AOL
3+ day, 3+ hour ago (417+ words) If you're ready to retire early, one overlooked expense could determine whether you can actually afford to leave work. Here is an example of a 59-year-old with $1. 3 million in savings who thought retirement was within reach until this expense changed…...