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- Selena Gomez sued for alleged fraud over mental health company
Investors say the actor and singer did not take an "active role" in the company as promised. [TheTopNews] Read More.60 mins ago - Ramsey personality took Trump’s $1,000 for his son — then warned parents...
When the federal government began depositing a $1,000 seed contribution into newly launched Trump Accounts for eligible children in July, personal finance expert and Ramsey Solutions personality George Kamel didn't hesitate to claim the funds for his own young son.Though Kamel gladly took "a little money back" from Uncle Sam, he issued a cautious warning to parents across America about the program's tax fine print — and the costly mistake well-meaning families could make."As someone who has a 1-year-old and 3-year-old, I took advantage of this. And on the Fourth of July, that $1,000 came into the account for my son, and I went, 'Woo! A little money back from the government that I've given so much to,’" Kamel told Fox News Digital."If you can understand the power of compound growth, then this Trump Account was worth it just to get your mind thinking about it," he continued. "But the truth is, the tax benefits are not great on this."WHY RAMSEY FINANCIAL EXPERT SAYS THERE'S ‘NO MAGIC AGE’ TO CLAIM SOCIAL SECURITYThe initiative, which debuted as part of the Trump Accounts rollout in 2026, is a provision of the new tax legislation that will provide $1,000 to every eligible newborn U.S. citizen whose parents enroll the child in the program. No contributions are necessary, but parents can deposit up to $5,000 per year, which will be invested in a qualifying U.S. stock index fund.During a July 31 public Cabinet meeting, President Donald Trump said that more than 7 million Trump Accounts had been opened since the program’s launch date."Here's the math on this: If you get the free $1,000, well, that could grow to almost half a million or more by the time my kid is 65, without ever adding anything to it," Kamel said before mentioning other ways to invest in children's futures."Save the 529 plan for education. That has way better tax advantages. You're using after-tax income, you withdraw it tax-free, it grows tax-free. That is the best move for education expenses," he explained. "When it comes to other things, like a custodial Roth IRA is great, but you need earned income. So the real power of the Trump Account is that there is no earned income needed."At age 18, without any additional contributions, the account is estimated to be worth about $5,800. By age 55, it could reach roughly $200,000. Kamel also said it could grow to… [TheTopNews] Read More.3 hours ago - Gone in 20 Minutes: Half-Off Sushi Draws Throngs to New York’s Japanese Market...
At a proliferating number of stores, discounts on items like sushi are offered after 8 p.m. To get the best meals, you have to be there early. [TheTopNews] Read More.4 hours ago - A Silicon Valley Dirt Farmer Hangs Up His ShearsAndy Mariani grows exotic and ethereally delicious stone fruit in the shadow of tech giants. But at age 80, it’s time to give up the land. [TheTopNews] Read More.4 hours ago
- How Pennsylvania Got Hooked on Games That Look a Lot Like Slot MachinesA legal loophole kept “skill games” from being considered gambling. Now lawmakers are trying to save them from a court ruling. [TheTopNews] Read More.4 hours ago
- Frontier flight declares medical emergency after 4 flight attendants develop hea...A Frontier Airlines flight reportedly declared a medical emergency Thursday after four flight attendants became sick with headaches and nausea shortly before landing in Florida.Frontier Flight 1046 was traveling from Cleveland to Fort Lauderdale-Hollywood International Airport when the pilots requested that emergency medical personnel meet the Airbus A321 at the gate, according to air traffic control communications reported by PYOK.The aircraft landed at Fort Lauderdale-Hollywood International Airport without incident, where emergency responders were waiting, according to the outlet.As the aircraft approached South Florida, one of the pilots alerted air traffic controllers to a "developing medical" situation on board.BUDGET AIRLINE JETSTAR TO CHARGE PASSENGERS FOR STORING BAGS IN OVERHEAD COMPARTMENTS"If you could call the tower and have them meet at our gate for a developing medical," the pilot said in the radio call.When asked about the nature of the medical emergency, the pilot said multiple flight attendants were experiencing symptoms."All my flight attendants have headaches, and now three, now four, are nauseous," the pilot said.RYANAIR PASSENGER RECOUNTS BEING PARTLY SUCKED OUT AIRPLANE WINDOW: 'I AM LUCKY'The aircraft, a 10-year-old Airbus A321, departed Cleveland shortly before 8 a.m. on Thursday. It was scheduled to return to Cleveland at 11:30 a.m., but that flight was canceled, according to PYOK.The cause of the flight attendants' illnesses was not immediately known, and their conditions after landing were unclear.GET FOX BUSINESS ON THE GO BY CLICKING HEREFOX Business has reached out to Frontier Airlines for comment. [TheTopNews] Read More.6 hours ago
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