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Raiding your retirement accounts can be expensive. Withdrawing money before age 59 1/2 typically triggers income taxes, a 10% federal penalty and — worst of all — the loss of future tax-deferred compounded returns.
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AARP is urging federal regulators to rein in credit card late fees that can put seniors at a disadvantage when trying to make ends meet.
The proposal would prevent the sale of asset -backed securities tainted by any material conflict of interest and commenters feel that munis should be excluded from the final rule.
No matter which side of the aisle a senior is on, there's a good chance they'll benefit from legislation Congress passed in 2022 that went into effect in January, according to David Certner, legislative counsel for AARP...