accounts

With the year winding down, older investors with money sitting in ordinary IRAs may soon need to withdraw at least some of it. It’s called a required minimum distribution, or RMD.

What’s the minimum? It depends on your age and the total market value of your retirement accounts as of the end of calendar 2024. Here’s the required minimum distribution on $50,000 worth of retirement savings at a range of ages, beginning with age 73, which is when RMD rules first kick in.

• 73: $1,886.79 (3.77%)
• 75: $2,032.52 (4.06%)
• 80: $2,475.25 (4.95%)
• 85: $3,125.00 (6.25%)
• 90: $4,095.36 (8.20%)
• 100: $7,812.50 (15.62%)

The size of the required — and taxable — distribution grows as you age, maxing out at 50% of the prior year’s ending balance for anyone lucky enough to reach the age of 120.

Important RMD rules

There are some noteworthy rules to consider here. Chief among them is that RMD rules only apply to ordinary IRAs like contributory/traditional IRAs, 401(k) accounts, or 403(b) accounts. They don’t apply to Roth IRAs.

Image source: Getty Images.

It’s also worth noting that you don’t necessarily need to take an RMD from each and every IRA you own. You can combine the value of all your ordinary IRAs and take a distribution from just one. And you can do the same for 403(b) accounts, although you can’t mix and match 403(b) and traditional IRA accounts. One key exception is 401(k) accounts; you must take your calculated minimum distribution from each and every one, assuming you own more than one.

As for timing, although your very first required minimum distribution doesn’t need to be completed until April 1 in the year after you turn 73, subsequent RMDs must be completed by the end of the calendar year. Just bear in mind that waiting until the last minute to take your first RMD means you’ll be taking two taxable distributions in the same tax year.

Conservative politician Bill Berrien has been exposed for following NSFW accounts – including a non-binary adult film star – despite his “family values” political stance.

Back in July, the Pindel Global Precision CEO entered the 2026 race for Wisconsin governor.

Since then, Berrien has run on a campaign centring around conservative “family values,” which includes aligning with convicted felon and US president Donald Trump, “pushing back on the left’s radical agenda,” and, of course, spewing anti-LGBTQIA+ rhetoric that refers to trans people as a “radical social experimentation.”

However, the 56-year-old’s right-wing “values” were recently called into question when the Milwaukee Journal Sentinel shared a surprising report regarding his online activity.

According to the news outlet, Berrien followed numerous sexually explicit accounts on the publishing platform Medium, including Polyamorary Today and Sexography.

His following list also included sex positive writers Octavio Morrison and Emma Austin, as well as non-binary author and adult film star Jiz Lee.

In a statement to the aforementioned publication, a spokeswoman from Berrien’s campaign brushed off the revelation, stating: “It is absurd to suggest that Bill would know about a particular author’s personal choices or by reading one article by an author would agree with everything else they wrote.

“It is also absurd to suggest that reading articles about sex as a happily married adult man with three children is in any way out of line with conservative Catholic values.”

According to the news outlet, 23 profiles – including the majority of the NSFW ones mentioned above – were removed from Berrien’s Medium following list, following their inquiry into his online activity.

“When you brought this up, he logged in on Tuesday and started messing around, which resulted in some folks being deleted,” another spokeswoman from the campaign told the Milwaukee Journal Sentinel.

In addition to his representatives, Berrien shared a statement to The Associated Press downplaying the news.

“There are a lot of important issues that are affecting our state and nation,” he said. “But what is the mainstream media focused on right now? Some stupid articles I read years ago, not the plans I have to reindustrialise our state, turn the economy around, and bring prosperity for all through work.”

Berrien also targeted “mainstream media” in a post on X/Twitter, describing the coverage as “garbage political hits” and exclaiming that it won’t keep him out of “this fight.”

On 23 September, Lee shared their reaction to the news, slamming Berrien for his hypocritical behaviour.

“It’s okay to follow trans porn stars. It’s okay to read articles about sex and relationships,” they wrote.

“What’s not okay is the hypocrisy of backing forceful legislation that restricts what people, trans and otherwise, can do with their own bodies. That is shameful.”

It’s okay to follow trans porn stars. It’s okay to read articles about sex and relationships. What’s not okay is the hypocrisy of backing forceful legislation that restricts what people, trans and otherwise, can do with their own bodies. That is shameful.

www.newsday.com/news/nation/…

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— Jiz Lee (@jizlee.bsky.social) September 23, 2025 at 11:55 AM

Israeli authorities froze all bank accounts of the Greek Orthodox Patriarchate in Jerusalem over a long-standing property tax dispute, escalating tensions with Christian institutions in the occupied city, local media said on Thursday, Anadolu reports.

A statement by Protecting Holy Land Christians, a group founded by Theophilos III, the Greek Orthodox Patriarch of Jerusalem, said the freeze has left the Patriarchate unable to pay salaries to clergy, teachers, and staff.

The Times of Israel news outlet said the freeze, enacted on Aug. 6, stems from the Jerusalem Municipality’s push to collect Arnona, a property tax, on church-owned properties used for non-religious purposes, such as guesthouses and coffee shops.

The municipality claimed that the measure followed “efforts at dialogue and engagement” that failed because the Patriarchate “ignored letters from the municipality demanding payment.”

“Administrative enforcement measures were taken against the Greek Patriarchate because it failed to settle its property tax debts for assets not used as houses of worship,” its spokesperson office said.

“This was done despite efforts at dialogue and engagement with them, and in light of their ignoring letters from the municipality demanding payment.”

A decades-long agreement had historically exempted churches from such taxes, but in 2018, the city narrowed the exemption to properties used solely for prayer, religious teaching, or related needs, seeking tens of millions of shekels in back taxes.

The dispute echoes a 2018 clash when then-mayor Nir Barkat froze church accounts, prompting a three-day closure of the Church of the Holy Sepulchre in protest. The municipality relented after intervention by Prime Minister Benjamin Netanyahu. Tensions have since flared periodically over specific properties and activities.

A MAJOR bank with millions of customers is make a huge change to dozens of bank accounts starting within days.

The Co-operative Bank is cutting interest rates on 36 savings accounts, delivering a fresh blow to savers.

It comes just days after the Bank of England lowered the base rate from 4.25% to 4%, marking the fifth interest rate cut since 2020.

The decision means lower mortgage payments for homeowners but often leads to smaller returns for savers.

That’s because the base rate impacts the interest rates banks offer on savings accounts and loans, including mortgages.

The Co-operative Bank has wasted no time, announcing that interest rates on dozens of accounts will be reduced starting on August 14 and October 22.

On August 14, the Base Rate Tracker accounts will see reductions, with interest rates dropping from 4% to 3.75% and from 3.75% to 3.5%.

For example, if you had £1,000 deposited for 12 months, the interest earned at 4% would have been £40.

After the rate drops to 3.75%, you would earn £37.50 – a difference of £2.50.

Similarly, with the rate falling from 3.75% to 3.5%, the interest earned would decrease from £37.50 to £35, meaning £2.50 less over the year.

From October 22, various other accounts will experience cuts, including the Future Fund, which will see its rate fall from 1.53% to 1.46%, and the Online Saver, dropping from 2.12% to 2.06%.

Other affected accounts include the Smart Saver, Select Access Saver 5, and Privilege Premier Savings, with reductions ranging from 4.15% to 3.9% and 3.53% to 3.4%. 

Cash ISA holders will also be impacted, with Cash ISA 2 rates falling from 3.25% to 3%.

Fortunately, several savings providers still offer returns of up to 5%.

With the average bank customer holding around £10,000 in savings, according to Raisin, switching could be a smart move.

To help you get the best returns, we’ve listed the top savings rates for each account type below.

What’s on offer?

If you’re looking for a savings account without withdrawal limitations, then you’ll want to opt for an easy-access saver.

These do what they say on the tin and usually allow for unlimited cash withdrawals.

The best easy access savings account available is from Cahoot, which pays 5% – and you only need to pay a minimum of £1 to set it up.

This means that if you were to save £1,000 in this account, you would earn £50 a year in interest.

Meanwhile, West Brom Building Society’s easy access account offers customers 4.55% back on savings worth £1 or more.

If you’re okay with being less flexible about withdrawals, a top notice account could be a great option.

These accounts offer better rates than easy-access accounts but still let you access your money more flexibly than a a fixed-bond.

RCI Bank UK’s 95 day notice account offers savers 4.7% back with a minimum £1,000 deposit, for example.

This means that if you were to save £1,000 in this account, you would earn £47 a year in interest.

Meanwhile, GB Bank’s 120-day notice account offers 4.58%, requiring a minimum deposit of £1,000.

If you want to lock your money away and keep the same savings rate for a set time, a fixed bond is a good choice.

The best fixed rate currently offered is Vanquis Bank’s one-year fixed bond, which pays 4.44%, requiring a minimum deposit of £1,000.

Meanwhile, Atom Bank’s one-year fixed bond offers 4.42% back on a deposit of £50 or more.

This means that if you were to save £1,000 in this account, you would earn £44.20 a year in interest.

If you want to build a habit of saving a set amount of money each month, a regular savings account could pay you dividends.

Principality Building Society’s Six Month Regular Saver offers 7.5% interest on savings.

It allows customers to save between £1 and £200 a month.

Save in the maximum, and you’ll earn £25.81 in interest.

While regular savings accounts look attractive due to the high interest rates on offer, they are not right for all savers. 

You can’t use a regular savings account to earn interest on a lump sum.

The amount you can save into the account each month will be limited, typically to somewhere between £200 and £500.

Therefore, if you have more to save, it would be wise to consider one of the other accounts mentioned above.

Social media platform says the Indian government ordered it last week to block 2,355 accounts, including two Reuters handles.

X says it is “deeply concerned about ongoing press censorship in India” after New Delhi ordered the social media platform to block more than 2,300 accounts, including two Reuters news agency handles.

X restored the Reuters News account in India on Sunday, a day after it said it was asked by the Indian government to suspend it, citing a legal demand.

Many other blocked accounts were also restored, with New Delhi denying its role in the takedown.

In a post on Tuesday, X, promoted by billionaire Elon Musk, said the Indian government on July 3 ordered it to block 2,355 accounts in India under Section 69A of the Information Technology (IT) Act.

“Non-compliance risked criminal liability. The Ministry of Electronics and Information Technology demanded immediate action – within one hour – without providing justification, and required the accounts to remain blocked until further notice,” X said.

“After public outcry, the government requested X to unblock @Reuters and @ReutersWorld.”

On July 3, 2025, the Indian government ordered X to block 2,355 accounts in India, including international news outlets like @Reuters and @ReutersWorld, under Section 69A of the IT Act. Non-compliance risked criminal liability. The Ministry of Electronics and Information…

— Global Government Affairs (@GlobalAffairs) July 8, 2025

According to a post on X post by the ANI news agency, Reuters’ partner in India, a spokesperson for India’s Ministry of Electronics and Information Technology said the government did not issue “any fresh blocking order” on July 3 and had “no intention to block any prominent international news channels”, including Reuters and Reuters World.

“The moment Reuters and Reuters World were blocked on X platform in India, immediately the government wrote to X to unblock them,” the post said. “The government continuously engaged and vigorously pursued with X from the late night of July 5, 2025.”

The spokesperson said X had “unnecessarily exploited technicalities involved around the process and didn’t unblock” the accounts.

India’s IT law, passed in 2000, allows designated government officials to demand the takedown of content from social media platforms they deem to violate local laws, including on the grounds of national security or if a post threatens public order.

X, formerly known as Twitter, has long been at odds with India’s government over content-removal requests. In March, the company sued the federal government over a new government website the company says expands takedown powers to “countless” government officials. The case is continuing.

India, the world’s biggest democracy, regularly ranks among the top five countries for the number of requests made by a government to remove social media content.

Rights groups say freedom of expression and free press is under threat in India since Hindu nationalist Prime Minister Narendra Modi took office in 2014.

New Delhi has regularly imposed blanket internet shutdowns during periods of unrest.

In April, the government launched a sweeping crackdown on social media, banning more than a dozen Pakistani YouTube channels for allegedly spreading “provocative” content following an attack in Indian-administered Kashmir. Many of those have been restored.

New Delhi has also imposed intermittent internet outages in the northeastern state of Manipur since 2023 in the wake of ethnic violence.

The government has justified internet and social media bans as ways to curb disinformation in a country where hundreds of millions have access to some of the cheapest mobile internet rates in the world.

In its post on Tuesday, X said it was exploring all legal options available over censorship, but added that it was “restricted by Indian law in its ability to bring legal challenges”.

“We urge affected users to pursue legal remedies through the courts,” it said.