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Friday, January 15, 2021

The Daily Money: $226,566 in free retirement money is available for some

Today's top stories from USA TODAY Money. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Friday, January 15

Good morning, Daily Money readers! We made it to Friday once again. 🙌 It's Josh Rivera here with the top money headlines.

Let's start by going over how you and your spouse could make $226,566 in free retirement money. By claiming the Saver's Credit – designed to help lower- and middle-income Americans save – a tax credit would be applied to an eligible retirement account equaling either 10%, 20%, or 50% of the amount you contributed, up to a maximum eligible contribution of $2,000 for single filers or $4,000 for married joint filers. Christy Bieber has the details here.

Speaking of retirement, if figuring out which types of retirement accounts you should be funding, and in what order is giving you a headache, Catherine Brock goes over how to prioritize your 401(k), Roth IRA and HSA contributions in 2021.

In other news, at the risk of pointing out the obvious: Screens in vehicles are getting bigger. Or so I'm told – I don't have a car!

Mercedes-Benz revealed a new 56-inch screen nearly spanning the width of an entire car earlier this month, but is this a good/safe trend? USA TODAY's Natha Bomey took a closer look.

— Josh Rivera, Money & Tech editor

The Mercedes-Benz Hyperscreen is a 56-inch wide curved screen encapsulating the vehicle's infotainment system, console buttons and cockpit panels.
Screens in cars are getting bigger. Is it safe?
Mercedes-Benz revealed a 56-inch screen nearly spanning the width of an entire car, becoming the latest automaker to bet on larger digital displays.
$226,566 in retirement money is available for some
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