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- 1Watchdog warns Federal Reserve has security deficiencies▼Federal Reserve exposed to security ‘deficiencies’, watchdog warns
A federal watchdog has warned that the Federal Reserve is exposed to security 'deficiencies', according to the Financial Times. The report flags weaknesses in the US central bank's security arrangements, raising concerns about the protection of sensitive systems and data at one of the world's most influential financial institutions.
- 2The $700,000 401(k) threshold where Social Security benefits get taxed▼The $700,000 401(k) Balance Where Social Security Quietly Starts Getting Taxed, and How Retirees Stay Under It
A personal finance report highlights that retirees with roughly $700,000 saved in a 401(k) can tip their provisional income high enough for up to 85% of their Social Security benefits to become taxable. The analysis explains how required minimum distributions push income over the threshold and outlines strategies, such as drawing from taxable or Roth accounts and managing withdrawal timing, to stay under the limit and reduce retirement taxes.