The Daily Money: Getting rich off of IRAs
Daniel de ViséGood morning! It’s Daniel de Visé with your Daily Money.
A new bill in Congress would crack down on wealthy Americans who use 401(k) retirement accounts and IRAs as tax shelters for billions of dollars in wealth.
The 401(k) and IRA were designed to offer tax breaks to help Americans save enough money for a comfortable retirement. At a certain point, however, a swelling retirement account isn’t really about retirement.
A penny for Warsh's thoughts? Not a chance.
Kevin Warsh, the new Federal Reserve chair, has signaled the Fed will be sharing less intel in the months and years to come. In other words, he doesn't necessarily want Americans to know what the Fed is thinking. Here are the reasons.
📰 More stories you shouldn't miss 📰
- Are the machines taking over? Fallout from Anthropic, OpenAI hacks
- High beef prices force menu changes at cookouts
- About those $1 books at Barnes & Noble
- 5 new cars that still feel affordable
- Do these things in the year before you retire
📰 A great read 📰
And here's a popular story from the archives that you may have missed. Read it! Share it!
This one is just a couple weeks old, and readers can't get enough of it:
Taylor Farms produces much of the lettuce sold in America’s supermarkets and fast food restaurants. Right now, many consumers would like to know which ones.
Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news.Subscribe here.