The IRS has issued more guidance on the required minimum distribution (RMD) rules—this time in the form of final regulations. The final regulations offer some clarity on the withdrawal and eligibility requirements for inherited IRAs. RMDs By law, you are required to withdraw funds from your retirement account each year…

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President Biden has announced a new student loan bailout for 35,000 borrowers through “Public Service Loan Forgiveness,” a program that Biden says has brought the total number of people getting debt relief from his administration to 4.76 million. Under the new plan, eligible public service workers get an average of…

Vice President Kamala Harris joined a call with major Democratic donors Friday afternoon to discuss what the hosts called “urgent, emerging needs.” The call came as more Democratic lawmakers publicly call on President Joe Biden to drop his bid for reelection.A Biden campaign official told NBC News that the president’s…

The summer is a good time to take stock of how your kids are faring. Are they doing something that excites them? Do they wake up every morning eager to get going? Are they happy? I did not ask about their grades, because if you answered “yes” to those questions, their…

American Airlines’ 28,000 flight attendants have reached a tentative labor agreement with the company, their union said on Friday. The Association of Professional Flight Attendants, which represents the flight attendants, said the deal addresses their concerns about compensation, work rules and retroactive pay. It did not offer more details. Reached…

India’s inclusion in the J.P. Morgan’s GBI-EM suite of local currency indices could potentially open the door to more foreign investment and support for the country’s economic progress. At the end of June, Indian government bonds joined J.P. Morgan’s GBI-EM suite of local currency indices in the most significant reconstitution…

Many businesses are likely to take days or even weeks to fully recover from Friday’s unprecedented computing outage, IT experts have warned, after a faulty software update from the company they trusted to secure their systems caused massive global disruption. CrowdStrike, one of the world’s largest security vendors, blamed an…

Donald Trump may not have changed in the past week, but the presidential race clearly has. In the seven days since his brush with an assassin’s bullet, Trump has: ► Had supporters speak reverently about their view of God’s plan to save his life, elevating him to an almost divine…

Today, July 19, 2024, the IRS and Treasury Department released long-awaited final regulations on Required Minimum Distributions. RMDs are mandated yearly withdrawals from IRAs, 401(k)s and other tax deferred retirement plans. The final regulations clarify changes brought about by the SECURE Act, which took effect in 2020, and the SECURE…