Do you still owe taxes on Social Security?
Good morning! It’s Daniel de Visé with your Daily Money.
This is Hudson, the Daily Money dog. He wants you to go into debt for your pet.
Now, the news.
All the misleading buzz about Social Security and tax cuts for seniors in the "One Big Beautiful Bill," now a law, foreshadows one ugly scene after another at tax preparation offices next year, Susan Tompor writes in her column.
It's not going to be pretty when many ill-informed retirees file 2025 tax returns, Tompor opines, because of misunderstandings about how the new law affects taxes on Social Security benefits.
What is the 'lock-in phenomenon'?
Americans are increasingly cautious about selling their homes in 2025, a new survey from Bankrate found.
More than half of U.S. homeowners said they would be uncomfortable selling their home this year, no matter the mortgage rate, an increase of 12 percentage points from last year's survey.
The reason is something called the "lock-in phenomenon."
Which to buy: Mutual funds or ETFs?
Investors and retirement savers who want to own broad swaths of the stock and bond markets often face a choice: Do they want to buy time-honored mutual funds, or upstart exchange-traded funds?
If you’re wondering which is the better option, investors have more or less answered that question, voting with their feet.
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from Paste BN, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.