Money, Wealth & Power—A Daily Look at the Financial World
Five years out from retirement, the margin for error in your 401(k) shrinks dramatically. Market swings that once felt like background noise can now decide whether you work longer than planned or step away on schedule. The single most important move at this stage is to deliberately shift your 401(k) from a “growth at all…
Millions of retirees and disabled Americans count on Social Security hitting their bank accounts on a predictable day, so even a short delay can feel alarming. February 2026 is especially confusing, with some people seeing money arrive earlier than usual while others are still refreshing their banking apps and wondering what went wrong. The pattern…
For generations, Florida symbolized the classic American retirement fantasy: palm trees, golf carts and a low tax bill. That image is colliding with a harsher reality as housing, insurance and everyday costs climb faster than many fixed incomes can keep up. A growing wave of retirees is quietly looking elsewhere, trading the Sunshine State for…
Age-restricted developments once promised a kind of turnkey retirement, with golf carts instead of commutes and neighbors all on roughly the same schedule. Increasingly, the people those places were built for are quietly packing up and leaving. The same 55-plus communities that symbolized a postwar dream are colliding with new financial pressures, changing family patterns…
Elon Musk is telling people not to worry about their 401(k)s because artificial intelligence will eventually make money almost beside the point. Anthropic’s CEO Dario Amodei is warning that the road to that future could grind up workers and destabilize society. The clash between those two visions captures the central tension of the AI boom:…
California’s promise of near-universal coverage is colliding with a blunt fiscal reality: the state cannot backfill sweeping federal cuts to Medi-Cal. As Congress pares back health spending and the White House backs a leaner safety net, state officials are warning that even a budget as large and complex as California’s has limits. The admission, delivered…
Retirees who depend on Social Security are staring at a stark warning: experts say monthly checks could be cut by as much as $460 if Congress fails to shore up the program’s finances. That kind of reduction would hit household budgets that already strain under housing, food, and medical costs, turning a manageable retirement into…
Retirees who want to support charity and shrink their tax bill often hear that they can “give their RMD to charity and avoid the tax.” That idea is directionally right, but one procedural misstep can turn a smart move into a costly surprise. If you take the money into your own hands before it reaches…
Social Security is quietly rolling out one of its most sweeping operational shifts in years, a back‑office change that could determine how quickly, or whether, millions of people actually receive the benefits they are owed. At the same time, beneficiaries are seeing a modest bump in monthly payments and new rules that reshape who gains…
President Trump is pitching a new way to crack the housing crisis by letting Americans tap their 401(k) savings to buy a home, framing it as a path out of becoming a “nation of renters.” The idea lands at a moment when both home prices and retirement insecurity are already squeezing households. I see why…