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Sdi Productions | E+ | Getty ImagesThere has been a change to inherited individual retirement account rules which mandates that certain heirs must take required withdrawals each year or face an IRS penalty.Starting in 2025, certain beneficiaries must take annual required minimum distributions while depleting inherited IRAs over 10 years, according to final regulations released in July.The “10-year rule” and RMD requirement applies to most non-spouse heirs — commonly, adult children — if the original IRA owner reached RMD age before their death.Meanwhile, the average investor doesn’t know a great deal about these guidelines, said certified financial planner and enrolled…

Illustration: Dan Kitwood (Getty Images) Stablecoins are getting some extra attention after President Donald Trump told a crypto conference Thursday that he’s called on congress to pass “simple, common-sense rules for stablecoins.” Plus, what’s next for Bitcoin in 2025? Betting markets seem to think that the leading cryptocurrency is unlikely to go much higher this year than its January peak of roughly $109,000. Here are some cryptocurrencies to watch this week. Photo: Chip Somodevilla (Getty Images) Legislation moving through the House and Senate have Tether (USDT) and other stablecoins in the spotlight. On Thursday, President Donald Trump seemed to endorse…

Federal Reserve Chair Jerome Powell speaks during a news conference after the Federal Open Market … More Committee meeting, Wednesday, March 19, 2025, at the Federal Reserve in Washington. The Fed is expected most likely likely cut interest rates again in June. (AP Photo/Jacquelyn Martin)Copyright 2025 The Associated Press. All rights reserved The next interest rate cut will most likely come in June, according to fixed income markets. The Federal Open Market Committee has held interest rates steady at meetings in January and March. The pause in interest rate cuts has primarily been due to waiting for further progress on…

On March 24, Robert Kiyosaki instructed his followers on X not to remain poor. He claimed that many people who are poor tend to stay that way not because of FOMO—the fear of missing out but rather FOMM, the Fear of Making Mistakes. According to the 77-year-old businessman, this Fear stops most people in the market, especially those with formal education, from stepping away from seizing investment opportunities such as Bitcoin. Kiyosaki believes that the best financial education is not restricted to traditional education or Wall Street but is easily accessible to all on YouTube. He said, “The biggest opportunity…

The US Office of the Comptroller of the Currency (OCC) recently lifted key restrictions on banks engaging with crypto, marking a major turning point in the relationship between traditional finance and digital assets. With this decision, banks can now explore a wide range of crypto services, including stablecoin issuance, custody solutions, global payments, and asset tokenisation, without requiring prior approval. Banking has opened up a crypto future. Liat Shetret, director of Global Policy and Regulation at Elliptic, believes that for banks, this shift is both an opportunity and a challenge. While regulatory clarity makes it easier to enter the crypto…

Frank BisignanoVictor J. Blue | Bloomberg | Getty ImagesTwo Democratic Senators — Elizabeth Warren of Massachusetts and Ron Wyden of Oregon — sent a letter Monday to Frank Bisignano, the nominee to lead the Social Security Administration, to ask whether he supports privatizing the agency and if he would be willing to undo recent changes.Bisignano, who is the chief executive officer of payments technology company Fiserv, has been nominated by President Donald Trump to serve as commissioner of the Social Security Administration.Bisignano’s Senate confirmation hearing is scheduled for Tuesday.The hearing comes as current temporary leadership of the agency last week…

Tokyo-based investment firm Metaplanet said Monday it had acquired an additional 150 bitcoin (BTC) to bring its total holdings to 3,350 BTC, valued at approximately $291 million at current market rates. The purchase comes just days after the company made Eric Trump, son of U.S. President Donald Trump, to its newly formed strategic advisory board. He is expected to bring a high-profile perspective to Metaplanet’s ambitions. Metaplanet is working to boost its value for shareholders by buying and holding bitcoin, using a measure called BTC Yield to track how well this plan is working. BTC Yield shows the percentage change…

In 2019 when ABS became the first Private Bank to bridge the world of crypto finance and regulated banking in order to serve clients who were seeking custody for digital assets and a suite of associated services, we expected an eventful ride. We got one – Crypto’s short term valuations roller coaster has been extraordinary, creating and destroying hundreds of billions of notional value over the last five years. However, like our clients, we have remained focused on the long term properties of this exciting space. We have learned to distinguish between noise and the overall direction of travel which…

Former Bangladesh one-day cricket captain Tamim Iqbal was taken to hospital on Monday after suffering a heart attack on the field during a domestic match. Tamim, 36, was leading Mohammedan Sporting Club in a match of the 50-over Dhaka Premier Division Cricket League. He participated in the toss but later complained of chest pain and after initial treatment on the field he was transported to a nearby hospital. “He suffered a heart attack. What I know so far is that his heart started to function better,” Debashis Chowdhury, a medical officer of the Bangladesh Cricket Board (BCB), told AFP. Tariqul…

MIAMI: World number one Aryna Sabalenka reached the last 16 at the Miami Open when Elena-Gabriela Ruse retired injured on Saturday, while men’s top seed Alexander Zverev beat Jacob Fearnley 6-2, 6-4 to reach the third round. Sabalenka, who arrived in Miami fresh off a defeat in last week’s Indian Wells final, wrapped up the first set 6-1 before Romanian Ruse was forced to retire with a right thigh injury. Up next for three-times Grand Slam champion Sabalenka will be American defending Miami champion Danielle Collins, who beat Swiss qualifier Rebeka Masarova 6-4, 3-6, 6-3. Former world number one Naomi…