Resources

You may have seen the headlines about Trump Accounts—the new child savings accounts created under recently passed tax legislation. As is often the case with new planning tools, they’ve generated plenty of interest… and a fair amount of confusion.

This past week, we received further evidence that the labor market is slowing. Only 22,000 jobs were added in August according to the Bureau of Labor Statistics, well below the 75,000 that economists had anticipated. The report also included substantial revisions to figures from previous months.

The One Big Beautiful Bill Act (OBBBA) quietly tucked in a perk that could benefit those considering a new vehicle: a tax deduction of up to $10,000 per year for interest paid on certain auto loans.

If you’ve spent any time watching the financial news lately, you’ve probably noticed a pattern: when markets are falling, the media warns you to stay cautious. And when markets are rising—especially to new all-time highs—they often sound the alarm again, warning that “it can’t last.”

The Social Security Administration (SSA) recently rolled out stricter identity verification policies in an effort to cut down on fraud. While that’s a good goal, these changes could create new challenges for some retirees and beneficiaries.