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My daughter needs $80,000 for her business. I have the money—but apparently I can't lend it from my IRA.
1+ week, 2+ day ago (159+ words) A 62-year-old man planned to lend his daughter $80,000 directly from his self-directed IRA so she could cover a cash shortfall in her small business, with the loan structured to pay interest back to the IRA rather than to a......
US Debt Blasts Past $40 Trillion for First Time After More Than Doubling Under Trump and Biden
3+ week, 2+ day ago (731+ words) The United States has just crossed a massive and sobering financial threshold. This fiscal milestone highlights a mounting crisis driven by decades of borrowing and rapidly rising interest costs. Economic experts are warning that the ballooning debt is a direct…...
Scott Bessent on the national debt: ‘There’s nothing magic about the $40 trillion number’
3+ week, 2+ day ago (823+ words) The U.S. national debt crossed $40 trillion for the first time this week, but Treasury Secretary Scott Bessent wants Americans—and markets—to shrug it off. "There's nothing magic about the $40 trillion number," Bessent told CNBC's Sara Eisen in an exclusive interview…...
A bipartisan addiction to tax cuts & spending: How the $40T US debt affects everyday Americans
3+ week, 2+ day ago (573+ words) The US national debt has surpassed $40 trillion, more than doubling in under a decade. Yahoo Finance Washington Correspondent Ben Werschkul explains how this came to be. it took us 192 years to accumulate our first trillion in debt, right? We just…...
Woman, 68, Wants to Use Her Self-Directed IRA to Back Her Nephew's Startup—Here's What IRS Rules Say
3+ week, 3+ day ago (133+ words) A retired teacher with a self-directed IRA worth nearly $400,000 was approached by her 29-year-old nephew, who wants her retirement account to purchase equity in the food delivery startup he recently launched. She likes the idea of supporting family, but......
As U.S. debt hits $40 trillion, Americans will foot the bill: $700 a month for retirees, and homebuyers could take a $53,000 hit, report finds
3+ week, 2+ day ago (158+ words) "Addressing the national debt deserves to be a high priority for both voters and lawmakers, to benefit all Americans."...
Exclusive: Marjorie Taylor Greene Warns Social Security Will Go ‘Bankrupt’—But Wall Street CIO Backs Scott Bessent Amid 30-Year Yield Surge
3+ week, 2+ day ago (760+ words) The surge in 30-year bond yields has ignited a fierce political and financial debate. Greene warned on X that "years of foreign wars and Congress spending too much money" are driving up government debt servicing obligations, predicting that "the national…...
US national debt exceeds $40 trillion for first time
3+ week, 3+ day ago (527+ words) The US gross national debt has surged past $40 trillion for the first time, government data showed Wednesday, outstripping earlier forecasts at a pace fuelled in part by President Donald Trump's invalidated tariffs. The uptick in borrowing comes as longer term…...
'Roth IRAs Are For Poor People,' Says An Entrepreneur. 'I Don't Want $1.2 Million Tax-Free When I'm 65. I Want Money Now"
4+ week, 2+ day ago (378+ words) Should young people focus on building retirement savings or on increasing their earning power while they’re still young? That question was at the center of a debate after entrepreneur and athletic-wear brand Haus co-founder Lukas Pakter argued that Roth IRAs......