Free Republic

Older workers can now put more savings than ever into their 401(K) accounts, under new rules starting in 2025. Every year, the Internal Revenue Service (IRS) announces the maximum amount savers can put in their workplace retirement account, which is adjusted for inflation. Americans over the age of 50 are also able to put extra cash into their retirement savings with catch-up contributions. From next year, workers specifically between the ages of 60 and 63 will have a higher catch-up contribution limit, the IRS announced Friday. The change is designed to help boost the savings pots of people in their...

Vice President Kamala Harris is furiously trying to “distance” herself from President Biden’s record — while also disavowing the far-left policies she heartily embraced just a few years ago. The result is a campaign run entirely on style over substance since Harris took the Democratic mantle from Biden last month. And Democratic campaign operatives warn that she risks voters catching on — and realizing she’s selling only cynical political opportunism. “It’s a marketing strategy that is TV-esque,” one senior Democratic aide said. “With such a short timeline now, policy matters less than personality. “She’s going to almost exclusively look at...

The pace of job cuts by U.S. employers accelerated at the start of 2024, a sign the labor market is starting to deteriorate in the face of ongoing inflation and high interest rates. That is according to a new report published by Challenger, Gray & Christmas, which found that companies planned 82,307 job cuts in January, a substantial 136% increase from the previous month. However, that is down about 20% from the same time one year ago. It marked the second-highest layoff total for the month of January in data going back to 2009. "Waves of layoff announcements hit U.S.-based...

Trump as the president worked to revive the coal mining industry because even though fewer and fewer power plants utilize the fossil fuel domestically, there is a massive global market for coal in the developing world. China and India, for instance, have voracious appetites for coal as most of their power plants coming online burn coal to generate power (and they do that because coal is far cheaper than natural gas and nuclear power). But because the Biden regime is being run by insane leftists whose agenda includes crashing the country so they can rebuild it in their Marxist image,...