According to the latest IRS Migration Data released in early 2026, a trend in taxpayer relocation is emerging: Taxpayers are leaving states with higher income tax rates and moving to states with lower income tax rates.1 But the migration is about more than just population shifts — billions of dollars in adjusted gross income (AGI) is […]
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Trade Roundup: New Tariff Actions and Rates
On July 24, 2026, the United States imposed a fresh round of tariffs on goods from 60 trading partners, citing Section 301 of the Trade Act of 1974. Imported goods are subject to a baseline duty of 10% or 12.5%, depending on the trading partner’s efforts to address alleged forced labor practices. A temporary 10% […]
Read MoreStudent Loan Auto Pay Discount Increases to 1% for Eligible Borrowers
The U.S. Department of Education has temporarily increased the interest rate discount for federal student loan borrowers enrolled in auto pay from 0.25% to 1% as of July 1, 2026. The enhanced discount will remain available through June 30, 2028, and applies to borrowers already enrolled in auto pay as well as borrowers who sign […]
Read More530A Trump Accounts Officially Open: What Families Need to Know
Amid the July 4th fanfare, a new tax-advantaged investment account officially launched: the 530A account, also known as a Trump Account, which is designed to help children get a head start on their financial future. Parents (or other authorized representatives) have been able to apply since December 2025. By mid-June, more than six million accounts […]
Read MoreWho Owns America’s $39 Trillion National Debt?
America has accomplished incredible things throughout its 250-year history, but debt is also part of its story. Today, the United States has the highest national government debt in the world. This graphic shows who holds U.S. debt, from domestic investors and foreign governments to the Federal Reserve and internal trust funds. Breaking down who holds […]
Read MoreSocial Security and Medicare: Planning for Future Changes
A recent survey showed that only about half of workers and 6 in 10 retirees are confident that Social Security and Medicare will provide the same value in the future.1 That’s not surprising. For years, detailed annual reports released by the Trustees of the Social Security and Medicare trust funds have warned that the trust funds […]
Read MoreMidyear Tax Checkup: Steps to Help Reduce Your Tax Liability
With the tax season a distant memory and summer already here, you have probably stopped thinking about taxes and are busy planning your annual vacation; however, midyear is also a good time for a tax checkup. With time left before 2026 ends, you still have a window to identify and address any tax issues or […]
Read MoreFederal Student Loan Changes for 2026-2027
Every May, interest rates on federal student loans are recalculated for the upcoming school year. The rates are determined by combining the yield on the 10-year U.S. Treasury note with an additional fixed amount set by Congress. Based on this formula, interest rates on federal student loans are set to increase slightly for the 2026–2027 […]
Read MoreEmployer Beliefs vs Worker Reality in Today’s Workplace
Employer beliefs vs worker reality can differ significantly when it comes to the financial and workplace challenges employees face today. A recent survey by Transamerica Institute found that many workers are struggling with inflation, caregiving responsibilities, financial stress, and changing job requirements, while employers may underestimate the extent of these pressures and their impact on […]
Read MoreMidyear Retirement Savings Checkup: Are You Contributing Enough?
A midyear retirement savings checkup is a great opportunity to review your workplace retirement plan contributions and determine whether you can save more before the end of 2026. Even small increases to your 401(k), 403(b), or 457(b) contributions may help strengthen your long-term retirement goals while allowing you to take full advantage of employer matching […]
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